Name

Lipi Data Systems Ltd

Legal name

Lipi Data Systems Ltd.

Website

https://lipi.in

Company type

Private

Founded year

1986

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

Self-Service Terminals and Industrial Printing Hardware

NAICS

Computer Systems Design and Related Services (5415)

SIC

Computer & Office Equipment (3570)

akta.pro primary industry

Mobile POS (mPOS) Devices & Handheld Terminals (HDACAKAB)

akta.pro secondary industry

Cash Drawers, Cash Handling & Coin/Bill Counters (HDACAKAE)

Keywords

• Self-service terminals
• ATM cash dispensers
• Cash recycler machines
• Line matrix printers
• Digital signage solutions

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Hardware Sales: Sale of self-service terminals including ATMs, cash dispensers, cash recyclers, cheque deposit kiosks, passbook printers, ticket vending machines, and line matrix printers
2. Service and Maintenance: Service support through countrywide service engineer network of over 600 professionals, warranty support, and AMC (Annual Maintenance Contracts)
3. Service Contracts: Service contracts available for assets including LMPs, HSDMPs, Passbook Printers, Card Printer, Scanners, Cheque Scanners, Thermal Printers under Lipi Direct Support
4. Consumables and Accessories: Sale of consumables for printers and scanners, and accessories for self-service terminals

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

Lipi Data Systems Ltd designs, manufactures and services a portfolio of self-service terminals — including ATM cash dispensers, cash recyclers, cheque deposit kiosks and passbook printing terminals — along with industrial printers (line matrix, dot matrix, thermal, smart card, barcode), digital signage (Lipi dSign), RFID/IoT solutions and supporting software. These products are deployed for branch automation, retail self-checkout, transportation ticketing and citizen-facing kiosks, and are supported through a pan-India network of over 600 service engineers across 200+ locations.

Product overview

Lipi Data Systems Ltd is a hardware-centric technology company offering a broad portfolio of self-service terminal products, printers, and digital solutions. Its product line is organized into two main terminal categories — Self Service Terminals: Banking (ATM Cash Dispensers, Cash Recycler Machines, Cheque Deposit Kiosks, Passbook Printing Terminals) and Self Service Terminals: Others (ATVMs, Self-Checkout Retail Kiosks, HR Kiosks, Information/Wayfinding Kiosks) — supported by Printers & Scanners (Line Matrix Printers, Dot Matrix Printers, Direct Thermal Printers, Smart Card Printers, Barcode Printers, Scanners, Handheld Computers). These hardware products are complemented by Digital Signage Solutions (Lipi dSign), RFID & IoT Solutions, Software Solutions (including queue management), and Consumables/Accessories. The company also offers contract manufacturing services for electro-mechanical and sheet metal products.

Differentiator

Problem solved

Functional benefit

Products and services

• Self-Service Terminals: Banking A category of banking-focused self-service terminals including ATM Cash Dispensers, Cash Recycler Machines, Cheque Deposit Kiosks, Passbook Printing Terminals and account-opening kiosks that enable customers to perform transactions such as cash withdrawal, cash deposit, cheque clearance, passbook updates and account opening without teller intervention, available 24x7. Targeted at banks and financial institutions.
• ATM Cash Dispenser An indigenously designed automated teller machine offering cash dispensing, fund transfers, balance enquiry, PIN change, transaction statement printing and multi-language support, built to operate across varied Indian geographic conditions. For banks and financial institutions.
• Cash Recycler Machine A self-service banking terminal that accepts and dispenses cash, storing deposited banknotes in denomination-specific cassettes for reuse in future withdrawals. Standard configuration includes four recycling cassettes, one deposit cassette, one reject box, PADSS, EMV Level 2 certification, anti-skimming card reader, PCI-certified EPP, pin shield, biometric finger scanner, voice guidance and built-in camera with DVSS. For banks.
• Cheque Deposit Kiosk A self-service kiosk that automates cheque collection, image scanning and account verification, crediting amounts in real time and integrating with the Cheque Truncation System. Operates 24x7 on bank premises. For banks.
• Self-Service Terminals: Others (Transportation and Retail) A category of non-banking self-service terminals covering transportation and retail sectors, including Automatic Ticket Vending Machines (ATVMs), Add Value Machines, self-checkout kiosks, HR kiosks, information kiosks and wayfinding kiosks. For transport operators, retailers, employers and public venues.
• Automatic Ticket Vending Machine (ATVM) A smart card-based touchscreen kiosk deployed at railway and bus stations for ticket booking, card recharging and transit fare management. Part of the Automatic Fare Collection (AFC) ecosystem and designed for high passenger throughput and contactless travel. For transport authorities.
• Self-Checkout Kiosk for Retail Retail self-checkout terminals (also called assisted checkouts or ACOs) that enable customers to scan barcodes and pay without staff assistance. Targeted at supermarkets, pharmacies, hospitals and quick-service restaurants and supports omnichannel/endless-aisle shopping.
• HR Kiosk Employee self-service terminal providing 24x7 access to HR portals for time attendance, payroll information, leave requests, policy access, form submissions, HR appointments, company event notices, surveys and remote video conferencing with HR teams. For enterprise HR departments.
• Printers and Scanners A portfolio of industrial and commercial printing solutions including Line Matrix Printers (500–2000 LPM), Dot Matrix Printers, Direct Thermal Printers, Smart Card Printers and Barcode Printers, along with scanners and handheld computers for banking, warehousing and manufacturing environments.
• Line Matrix Printer High-speed, heavy-duty impact printer combining line and dot matrix techniques at 500 to 2000 lines per minute, with multilingual printing, resistance to dust and extreme temperatures and 8–10 year product lifespan. For banking, back-office and manufacturing use.
• Lipi dSign Digital Signage Solutions Cloud-based digital signage software and hardware solutions supporting LED, LCD and projector displays, with hyper-localized content management across retail, healthcare, education, sports and hospitality industries, multi-browser support and a secure encrypted platform.
• RFID and IoT Solutions RFID and Internet of Things-based solutions that deliver connectivity and intelligence across industrial and enterprise environments. For logistics, manufacturing, warehousing and enterprise customers.
• Software Solutions Custom software development capabilities supporting the design and prototyping of mission-critical self-service terminals, including queue management systems and other banking/retail software applications. For BFSI and retail customers.
• Contract Manufacturing Services Contract manufacturing of electro-mechanical and sheet metal products executed at Lipi's state-of-the-art manufacturing facility in Udaipur, with design and prototyping capabilities. For industrial and enterprise customers requiring outsourced manufacturing.

Quantifiable outcome

• Virtually eliminated need for dedicated resources at banking branches for passbook printing
• +3 more outcomes

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• PRO CONNECT (Producer Responsibility Organisation)minorStrategic or Co-development PartnerPartnership for E-waste management and environmentally sound management of end-of-life IT/electronic products. PRO CONNECT provides E-Waste drop-off collection centres on behalf of Lipi Data Systems to comply with India's E-waste (Management) Rules, 2022 effective 1st April, 2023.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• PAX Global Technology: Hong Kong-based POS terminal manufacturer serving retail and payment markets. Comparable to Lipi's self-checkout and retail kiosk offerings, though focused on POS rather than banking terminals.

Broad incumbents

• HP Inc. Global PC and printing giant with broad peripheral and retail solutions portfolio. A broad incumbent whose LaserJet/printing line competes with Lipi's industrial line matrix and dot matrix printers in commercial settings.
• Epson: Global printer and imaging giant with a broad POS/receipt printer line. Indirectly competes with Lipi's printer and scanner portfolio as a broader incumbent in commercial printing hardware.

Direct peers

• TVS Electronics: Indian IT peripherals company offering printers, POS, and banking automation solutions. Lipi self-identifies as one of the top three Indian IT peripheral companies alongside TVS Electronics, making it a direct domestic peer.
• OKI Electric Industry: Japanese manufacturer of ATMs and pioneer of line matrix printers, competing with Lipi across both banking terminal and industrial printer categories globally.
• NCR Corporation: Global leader in ATMs, self-service kiosks, and banking technology. Directly competes with Lipi in the ATM Cash Dispenser and Cash Recycler categories serving BFSI customers in India and worldwide.
• Hyosung TNS: South Korean manufacturer of ATMs and cash recyclers with significant India market presence. Direct competitor to Lipi in self-service banking terminals.
• Diebold Nixdorf: Major global manufacturer of ATMs, cash recyclers, and banking self-service terminals with deep presence in India. Direct competitor to Lipi's banking terminal product line.
• AGS Transact Technologies: Indian payment and banking technology company providing ATMs, cash recyclers, POS terminals, and managed services to banks and retailers. Closest Indian peer competing across the same BFSI self-service product categories as Lipi.

Regional players

• Hitachi Payment Services: India-focused ATM deployer and payment services provider that manages large ATM fleets and competing indirectly with Lipi's AMC/service business for ATM maintenance contracts.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lipi Data Systems Ltd