As of March 2021, there were 213,575 ATMs installed in India, sharply higher than 199,099 in 2016. The number of ATMs operating in the country\u2019s ATMs market increased from 212,061 in 2016 to 238,588 as of March 2021.<\/p>\n\n\n\n
AGS Transact Technologies Ltd. recently filed draft papers for its initial public. The existing shareholders of the company plan to sell shares worth \u20b98 billion. The selling shareholders shall be entitled to the net proceeds from the offering, which will be credited\/transferred to a separate bank account. The company will not directly receive any proceeds.<\/p>\n\n\n\n
AGS Transact is an integrated omnichannel payment solutions provider in India, offering digital and cash-based solutions to banks and corporate clients.<\/p>\n\n\n\n
The company provides customized products and services comprising ATM and CRM outsourcing, cash management, and digital payment solutions including merchant solutions, transaction processing services, and mobile wallets.<\/p>\n\n\n\n
As of March 2021, the Mumbai-based player was the second-largest company in India in terms of revenue from ATM-managed services under the outsourcing model, revenue from cash management, and the number of ATMs replenished.<\/p>\n\n\n\n
The company reported revenue from operations of \u20b917.5 billion, \u20b918 billion, and \u20b918.05 billion respectively for the financial years 2021, 2020, and 2019. Whereas the company had a profit of \u20b9547.92 million, \u20b9830.14 million, and \u20b9661.94 million respectively in 2021,2020, and 2019.<\/p>\n\n\n\n
AGS Transact derives a significant portion of its revenues from customers in the banking sector. In the year 2021, revenue from the banking sector alone was around 68% of the total.<\/p>\n\n\n\n
The government\u2019s demonetization drive led to a currency shortage in 2016. Consequently, there was a sharp decline in ATM transactions, which caused a reduction in the usage of ATMs. Such incidents can have a negative impact on the company\u2019s business. It was a similar scenario after movement restrictions were imposed following the coronavirus outbreak \u2013 a reduction in cash transactions left many ATMs idling.<\/p>\n","protected":false},"excerpt":{"rendered":"
As of March 2021, there were 213,575 ATMs installed in India, sharply higher than 199,099 in 2016. The number of ATMs operating in the country\u2019s ATMs market increased from 212,061 in 2016 to 238,588 as of March 2021. AGS Transact Technologies Ltd. recently filed draft papers for its initial public. The existing shareholders of the […]<\/p>\n","protected":false},"author":83,"featured_media":124093,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1,5748,10444,8],"tags":[151,8200,8532,9050],"class_list":["post-124806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-stocks","category-ipo","category-others","category-technology-stocks","tag-banking","tag-retail-banking","tag-technology","tag-technology-services"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":124926,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-india1-payments-files-drafts-papers-for-a-public-issue\/","url_meta":{"origin":124806,"position":0},"title":"IPO Alert: India1 Payments files drafts papers for a public issue","author":"Nishadkishore","date":"September 24, 2021","format":false,"excerpt":"India had a total of \u20b927.6 trillion of cash circulation at the end of fiscal 2021, indicating a strong presence of cash and preference for its usage amongst the people despite growth in retail digital payments transactions. Last year, the total number of ATMs deployed in the country was 238,588.\u2026","rel":"","context":"In "Finance"","block_context":{"text":"Finance","link":"https:\/\/alphastreet.com\/india\/category\/finance-stocks\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":151357,"url":"https:\/\/alphastreet.com\/india\/ags-transact-technologies-ltd-q1fy24-97-fall-in-profits\/","url_meta":{"origin":124806,"position":1},"title":"AGS Transact Technologies Ltd Q1FY24; 97% fall in Profits","author":"Divyansh_Kasana","date":"August 4, 2023","format":false,"excerpt":"AGS Transact Technologies Ltd is one of India's leading Omni-channel payment solution providers. It is the second-largest company in India in terms of revenue from ATM managed services and also the largest deployer of POS terminals at petroleum outlets in India. Financial Results: AGS Transact Technologies Ltd reported Revenues for\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-227.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-227.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-227.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-227.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-227.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-227.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":140638,"url":"https:\/\/alphastreet.com\/india\/ags-transact-technologies-limited-agstra-q3-fy23-earnings-concall-transcript\/","url_meta":{"origin":124806,"position":2},"title":"AGS Transact Technologies Limited (AGSTRA) Q3 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"February 9, 2023","format":false,"excerpt":"AGS Transact Technologies Limited (NSE:AGSTRA) Q3 FY23 Earnings Concall dated Feb. 08, 2023. 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The country\u2019s retail financial products distribution industry grew at a CAGR of around10% from 2016 to 2021 and reached \u20b9161 trillion by March 2021. 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