Accessing savings
Customers need safe and easy access to their money, which can be difficult when the nearest functioning ATM lies many miles away.
AGS is one of India’s leading providers of a wide spectrum of payment solutions and technology products for the banking and retail sectors. Founded in 1992, AGS has installed/ maintained/managed a network of over 50,000 ATM machines and 25,000 point of sale terminals with retailers across India.
In August 2012, Actis backed AGS founder Ravi Goyal to help grow the business and expand its reach. Ensuring that ATMs and debit cards are widely available promotes financial inclusion, with a positive impact on quality of life and the broader economy.
Customers need safe and easy access to their money, which can be difficult when the nearest functioning ATM lies many miles away.
AGS is one of India’s leading providers of a wide spectrum of payment solutions and technology products for the banking and retail sectors. Founded in 1992, AGS has installed/ maintained/managed a network of over 50,000 ATM machines and 25,000 point of sale terminals with retailers across India.
In August 2012, Actis backed AGS founder Ravi Goyal to help grow the business and expand its reach. Ensuring that ATMs and debit cards are widely available promotes financial inclusion, with a positive impact on quality of life and the broader economy.
Employees: 10001+
Total raised: $40M
Founded date: 2009
Investors 2
Funding Rounds 1
| Date | Series | Amount | Investors |
| 22.08.2012 | - | $40M | Actis |
Mentions in press and media 3
| Date | Title | Description |
| 25.03.2015 | TPG-backed AGS Transact plans up to $216.6 million India IPO: terms | By Reuters Staff 1 Min Read HONG KONG (Reuters) - India’s AGS Transact Technologies, partly owned by U.S. private equity firm TPG Capital [TPG.UL], plans an up to 13.5 billion rupees ($216.6 million) initial public offering, according to a ... |
| 22.08.2012 | Actis invests $40M in TPG-backed AGS Transact | Emerging markets private equity major Actis has invested $40 million for an undisclosed stake in AGS Transact Technologies Ltd (AGS), an ATM outsourcing and payments company. The investment comes more... TO READ THE FULL STORY SUBSCRIBE LOG... |
| 09.06.2011 | AGS Transact Raises $32M From TPG Growth | AGS Transact Technologies Ltd, an ATM outsourcing and systems integration company, has raised Rs 145 crore ($32 Million) in private equity funding from TPG Growth. This fresh infusion into the company will help it fund the ATM outsourcing r... |