The Company was incorporated in Mumbai, Maharashtra, as AGS Infotech Private Limited on December 11,2002 under the Companies Act, 1956. Pursuant to a special resolution of the Shareholders at an extraordinary general meeting held on April 1, 2010, the name of our Company was changed to AGS Transact Technologies Private Limited to reflect the scope of services offered by our Company, i.e., provision of information technology services for all types of transactions and activities. A fresh certificate of incorporation was issued by the RoC on June 3, 2010. Subsequently, pursuant to a special resolution of the Shareholders at an extraordinary general meeting held on June 22, 2010, our Company became a public limited company and the word "private" was deleted from its name. A fresh certificate of incorporation was issued by the RoC on July 20, 2010.
Major Events
2002
Incorporation of our Company 2004
Commenced manufacturing of paint dispensers at Daman with the expertise from Fast and Fluid Management
Commencement of relationship with Diebold Nixdorf. Commenced operations in our Banking Automation Solutions segment 2009
Entered into a cooperation agreement with Diebold Nixdorf for banking and retail products
Commenced ATM outsourcing and managed services business (forming part of our Banking Payments Solutions segment) 2011
Introduced currency technology solutions under the brand "Genuine"
Investment in our Company by TPG 2012
Investment in our Company by Oriole
Commenced cash management business through SVIL 2013
Acquisition of stake by GTSL in Novus SGP 2014
ITSL received authorization from the RBI to set up and operate payment system for semi-closed pre-paid payment instruments services in India
Company received authorization from the RBI to set up, own and operate payment systems for White Label ATMs 2016
Commenced ATM manufacturing at Daman
Entered into a hosting and management services alliance with ACI Worldwide
Entered the Sri Lankan market through Novus Transact Lanka (Private) Limited
Entered into transit business through automatic fare and electronic toll collection systems 2018
Launched Fastlane as the first RFID payment for fuel in India
Among the first company to launch QR-code based payments for various card schemes 2019
Set up AGS Community Foundation with effect from September 24, 2019
Introduced an Asia-Pacific payment innovations forum `Paynnovate' along with Novus Technologies, to promote advancement and innovation in the payment industry.
Introduced UPI QR Based Cash Withdrawal, India's first UPI QR-Based Cash Withdrawal/Deposit Feature on ATMs powered by our Company's technology, enabling touchless transaction
2016
-AGS Transact Technologies introduces universal payments capabilities to India in Partnership with ACI Worldwide.
2017
-India's Most Trusted Company 2017 from International Brand Consulting Corporation, USA.
-Payment Awards for `digital payment facilitator' to `Ongo' from BBC Knowledge.
2018
-AGSTTL won Gold in `External Magazine' category, Silver in `Exhibition Collateral' & Bronze for `Newsletter Design' at 58th Annual Call of Fame Awards organized by Association of Business Communicators of India(ABCI).
-Ongo was awarded the `Emerging Brand of the Year' award at ABP News Presents Brand Excellence Awards.
2019
-AGS Transact Technologies was recognised as `Technology Service Provider' at `Code-Studio 2019 - India Technology Awards and Conference'.
-AGSTTL won an award for its Best Performance in Retail Automation at 'Performance Excellence Awards' by Hindustan Petroleum.
2020
-AGS Transact Technologies has won the award for its QR-Cash Solution under Technology - Category at 2nd edition BFSI InnoTribe Summit & Awards.
-AGS Transact Technologies was awarded `India's Greatest Brands 2018-2019' by AsiaOne Magazine.
-AGS Transact Technologies introduces `Touchless' solution for cash withdrawals at ATMs.
AGS Transact Technologies partners Global-India Insurance Brokers to provide instant Motor Insurance via its ONGO Android PoS terminals.
2021
-AGS Transact Technologies was recognised as The Economic Times 'Iconic Brands of India 2021'.
-AGS Transact Technologies bagged the National Enterprise Leadership Award 2021 in the category Best Use of Technology (Financial Services) for its solution AGS QR Cash.
2023
The Company has informed that India Ratings and Research (Ind-Ra) has affirmed AGS Transact Technologies Limited's (AGS Transact) Long-Term Issuer Rating at 'IND A+' while revising the Outlook to Negative from Positive. The agency has downgraded the short-term debt rating to 'IND A1' from 'IND A1+'.
2024
- The Company introduces 'Touchless' solution for cash withdrawals at ATMs
-AGS Transact Technologies Limited and ACI Worldwide Unveil State-Of-The-Art Data Centre.
- AGS Trasact Technologies Ltd. implemented automatic fare collection (AFC) system for the kochi metro to provide a hassle free commuting experience.
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