AGS Transact Technologies Limited (AGSTTL) aims to provide innovative and customized payment solutions to its customers. The overall strategy of the company is to be a leader in payment solutions by delivering secure, innovative products that engage a customer across the product value chain in a cost effective manner. To this end, AGSTTL has launched an internal project Horizon to fuel digital transformation. Innovation and change are the two levers that project Horizon relies on to create solutions for the future.
Horizon is an initiative to reimagine the future of how people and businesses exchange value. Providing innovative products is an important strategy to take the lead in payment solutions. Through Horizon, we aim to focus on continuous innovation and transform the way they do things. The key is to leverage digital transformation and solve traditional problems with the help of newer forms of technology.
We are connected with India’s top business schools for a case study challenge through our campus connect program, which is one of the platforms of Horizon. This program provides opportunities to young minds from the academic sphere to engage with business leaders from AGSTTL. It aims at instilling futuristic mind-set, out-of-the box thinking and leadership traits in the new generation.
Successful Completion of First AGS Hackathon
AGSTTL has recently concluded its first Hackathon in Mumbai. The demo day saw the participants’ passion translate into solutions that were judged by an esteemed panel from AGSTTL. The winners of Hackathon have been rewarded on the basis of POC presented and practical applications of their ideas.
“We started our Horizon journey from January 2019 and are happy to see the roll out of two successful projects AGS Hackathon and AGS Campus Connect. These projects will provide mentoring, inclusive growth and focus on digital India initiatives.”- Mr. Sunil Khosla, Chief Marketing Officer – AGS Transact Technologies Ltd.
About AGS Transact Technologies Limited (AGSTTL)
Established in 2002, AGSTTL is one of India’s leading providers of end-to-end cash and digital payment solutions including customised solutions serving the banking, retail, petroleum and transit sectors. AGSTTL’s operations cover approximately 2,200 cities and towns, servicing approx. 2,90,000 machines or customer touch points across India, as of March 31, 2019. AGSTTL has also started expanding its operations to Southeast Asian and other countries.
AGSTTL’s business segments have been divided into three business verticals – Payment solutions, Banking Automation Solutions, and Other Automation Solutions for the retail, petroleum and colour sectors.
AGSTTL’s subsidiaries include Securevalue India Limited (SVIL) engaged in the business of cash management services, India Transact Services Limited (ITSL) engaged in the business of creating and dealing with electronic payment systems. With work force of more than 10,361 personnel as on March 31, 2019, round the clock call centers and manufacturing & warehousing facility located in Daman, AGSTTL endeavours to provide customized payment & automation solutions.
AGS Transact Technologies Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its equity shares and has filed a draft red herring prospectus ("DRHP") with the Securities and Exchange Board of India ("SEBI"). The DRHP is available on the website of the SEBI at www.sebi.gov.in and the respective websites of the Book Running Lead Managers at www.icicisecurities.com, www.axiscapital.co.in, www.hdfcbank.com, www.iiflcap.com, www.indusind.com and www.nomuraholdings.com/company/group/asia/india/index.html. Investors should note that investment in equity shares involves a high degree of risk. For details, potential investors should refer to the RHP and the Prospectus which may be filed with the Registrar of Companies in future, including the section titled "Risk Factors". Potential investors should not rely on the DRHP filed with the SEBI in making any investment decision. The equity shares offered in the offer have not been and will not be registered under the U.S. Securities Act of 1933, as amended (“U.S. Securities Act”) or any state securities laws in the United States, and unless so registered may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws.
Accordingly, such equity shares are being offered and sold (i) outside of the United States in offshore transactions in reliance on Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales occur; and (ii) to “qualified institutional buyers” (as defined in Rule 144A (“Rule 144A”)) under the U.S. Securities Act), pursuant to the private placement exemption set out in Section 4(a) of the U.S. Securities Act. No public offering of securities is being made in the United States.
For more information, visit www.agsindia.com or write to us at email@example.com