What CHEVEND TECHNOLOGIES PRIVATE LIMITED does

Chevend Technologies Private Limited is a Mumbai-based vending machine manufacturer and supplier operating as part of the diversified Chevron Metal Products Group. The company designs and builds customized vending machines in-house in India, spanning snack and cold-beverage, magazine and newspaper, healthcare, ice-cream, and hardware/industrial dispensing configurations, alongside a 4-locker secure mobile phone charging kiosk targeted at corporate and public spaces. Core technology centers on mechanical vending systems integrated with third-party payment hardware and a biometric ICU face-recognition and age-verification module.

Beyond its own product line, Chevend functions as the India and Middle East distribution and service arm for UK-based Innovative Technology Limited (ITL), supplying a comprehensive range of note acceptors, banknote validators, note recyclers, coin hoppers, and smart-coin systems (NV9 Spectral, NV10, NV11, NV22, NV200 Spectral, SMART Hopper, Spectral Payout, and Spectral BNF). The company also holds the sole Indian partnership in the International Vending Alliance (IVA), a 70-country network with 1.7 million installed machines.

Revenue is generated through direct hardware sales of vending machines and ITL payment components, plus after-sales servicing performed locally from the Mumbai headquarters. The go-to-market is B2B enterprise field sales, supplemented by a channel partnership with Vendiman Pvt. Ltd. for India distribution. Named customers include Payment International Enterprise (Bahrain), VStore-STC (Kuwait), Yess Pizza (Mumbai), and Vendiman, spanning payment systems integration, telecom-adjacent vending, food and beverage, and vending distribution. The company is privately held under the Chevron Metal Products Group, with no disclosed funding history or financial figures.

Name

CHEVEND TECHNOLOGIES PRIVATE LIMITED

Legal name

CHEVEND TECHNOLOGIES PVT. LTD.

Website

https://chevend.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

Chevend Technologies is a Mumbai-based vending machine manufacturer and India/Middle East distributor of UK-based ITL payment hardware, supplying customized vending machines, payment systems, and mobile charging kiosks to enterprise B2B clients across South Asia and the Gulf.

Ownership category

akta.pro rank

Product category

Vending Machine Manufacturing

NAICS

Convenience Retailers and Vending Machine Operators (44513)

akta.pro primary industry

Kiosks & Self-Service Terminals (TITO, Loyalty, Cashless, Sportsbook Kiosks) (MPAEANAG)

Keywords

• Vending machine manufacturing
• Cash validation systems
• Automated retail hardware
• Self-service kiosks
• Banknote handling equipment

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Vending Machine Sales: Sale of customized vending machines including snack and beverage vending, magazine/newspaper vending, healthcare vending, and specialized vending solutions. Machines are manufactured in-house in India.
2. Payment Systems & Components: Sale and distribution of payment mechanisms including note acceptors, coin hoppers, and recyclers. Products sourced through partnership with Innovative Technology Limited (ITL) for India and Middle East markets.
3. After-Sales Support & Service: Technical support, maintenance, and servicing of all vending products and components. All products sold by Chevend are serviced locally in India through their Mumbai-based support team.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

CHEVEND TECHNOLOGIES PRIVATE LIMITED manufactures and supplies customized vending machines (snack and cold drink, magazine and newspaper, healthcare, ice-cream, hardware) and mobile charging kiosks for enterprise customers. The company is the sole Indian partner of International Vending Alliance (IVA) and partners with Innovative Technology Limited (ITL) to distribute ITL's cash handling hardware, including banknote validators, recyclers, coin hoppers, bill acceptors, and face recognition devices.

Product overview

Chevend Technologies is a vending machine manufacturer and supplier in India, operating as part of the Chevron Metal Products Group. The company offers three interconnected product lines: (1) Vending Solutions — including snack and cold drink vending machines, magazine/newspaper vending machines, healthcare vending machines, ice-cream vending machines, and hardware vending machines; (2) Payment Systems — comprising a comprehensive range of note acceptors, validators, recyclers, coin hoppers and changers sourced through partnership with UK-based Innovative Technology Limited (ITL); and (3) Charging Kiosks — 4-locker mobile phone charging stations. The company also offers the ICU (face recognition and age verification) product through its technology partnerships. Chevend serves customers across India and the Middle East.

Differentiator

Problem solved

Functional benefit

Products and services

• Snack and Cold Drink Vending Machine Customized vending machine designed to dispense snacks and cold beverages for placement in offices, public venues, and retail environments. Targeted at enterprise customers such as vending operators and facility managers.
• Magazine and Newspaper Vending Machine Vending machine engineered to dispense printed publications such as magazines and newspapers in commercial and public-facing locations. Aimed at publishers, retailers, and venue operators.
• Healthcare Vending Machine Specialized vending machine designed for dispensing healthcare and personal-care products in hospitals, clinics, pharmacies, and other medical or public settings.
• Ice-cream Vending Machine Refrigerated vending machine that dispenses ice-cream products, targeted at operators and retail venues needing unattended frozen-product dispensing.
• Hardware Vending Machine Vending machine built to dispense packaged hardware goods such as tools, accessories, and small components in industrial, retail, or trade environments.
• 4 Locker Charging Station Self-service kiosk with four secure lockers that charges mobile phones for users in public spaces such as malls, transport hubs, and offices.
• BV 30 Bill Acceptor Banknote acceptor device designed for unattended payment terminals, including vending machines, that validates and accepts cash payments.
• NV10 Banknote Validator Compact banknote validator that authenticates and accepts notes in vending, ticketing, and other unattended payment applications.
• NV9 Spectral Banknote Validator Spectral-sensor banknote validator offering high-security note authentication for vending, gaming, and self-service machines.
• NV11 Note Recycler Compact banknote recycler that stores and dispenses notes to provide change or pay out cash inside self-service payment terminals.
• NV12 Validator and Ticket Printer Combined banknote validator and ticket printer unit for unattended terminals such as parking, transit, and ticketing kiosks.
• NV22 Note Recycler

Quantifiable outcome

• Local servicing available for all products and components in India
• +1 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• International Vending Alliance (IVA)coreStrategic or Co-development PartnerChevend Technologies is the Sole Partner of the International Vending Alliance (IVA) - the world's largest network of regional leaders in vending and micro market operations. The IVA network covers over 70 countries with an installed base of over 1.7 million machines. This partnership positions Chevend as a key player in the global vending ecosystem.
• Innovative Technology Limited (ITL)coreTechnology or IntegrationChevend has partnered with ITL, headquartered in the United Kingdom, to sell and support their payment products including note validators, coin hoppers, and recyclers across India, UAE, Saudi Arabia, Kuwait, Bahrain, Qatar, Oman, Sri Lanka, and Bangladesh. With over 25 years of experience, ITL offers reliable and innovative products for international markets. Chevend's engineers have received technical training at ITL's Manchester plant.
• Chevron Metal Products GroupcoreOthersCHEVEND TECHNOLOGIES PVT. LTD is part of the prestigious Chevron Metal Products Group. This parentage provides the company with manufacturing expertise and group resources.
• Vendiman Pvt. Ltd.minorChannel Partner/ Reseller/ DistributorChannel partnership for vending machine distribution in India. Vendiman serves as a trusted partner and reseller of Chevend products with positive testimonial feedback on product variety and after-sales support.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Azkoyen Group: Spanish manufacturer of vending machines and payment systems (cash handling). Comparable to Chevend for the combined vending-and-payment-systems product positioning.
• Vendiman Pvt. Ltd. India-based vending machine distribution and operations company. Comparable to Chevend as a domestic Indian vending operator and channel partner; both serve the same unattended retail customer base in India.
• Westomatic Vending Services: UK-based designer and manufacturer of hot-beverage and snack vending machines. Comparable to Chevend for the customized vending hardware category.
• SandenVendo: Global vending machine manufacturer with a broad product range including snack, beverage, and combination vending machines. Directly comparable to Chevend as both design and manufacture vending hardware for unattended retail.
• ChargeItSpot: US-based provider of secure locker-based mobile phone charging kiosks for retail and event venues. Directly comparable to Chevend's 4-locker mobile phone charging kiosk product.
• Bianchi Vending (Evoca Group): Italian-based manufacturer of professional vending machines under the Bianchi brand, part of Evoca Group. Direct competitor to Chevend in the customized vending hardware category.
• Jofemar Group: Spanish manufacturer of vending machines and payment systems (note/coin validators, recyclers). Comparable to Chevend across both the vending hardware line and the payment-systems distribution line.

Others

• Innovative Technology Limited (ITL): UK-based manufacturer of cash-handling hardware (note validators, coin hoppers, recyclers) and biometric age-verification systems. Chevend is ITL's distribution partner in India and the Middle East; comparable as the upstream technology provider for Chevend's payment hardware line.

Broad incumbents

• Fuji Electric Co., Ltd. (Vending Machine Division): Large Japanese conglomerate with a significant vending machine business (currency validators, beverage vending). Comparable in product category but operates at significantly larger scale and broader geographic footprint than Chevend.
• Crane Co. (CPI / Crane Payment Innovations): Large diversified manufacturer with a market-leading vending machine and payment hardware portfolio (CPI, NRI, MEI brands). Comparable to Chevend in product scope, but at far greater scale and global footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/chevendtechnologies
• Instagraminstagram.com/chevendtechnologies
• LinkedInlinkedin.com/company/chevend-technologies-private-limited
• YouTubeyoutube.com/chevendtechnologies
• Xx.com/chevend

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 CHEVEND TECHNOLOGIES PRIVATE LIMITED