When was AGS Transact Technologies founded?

AGS Transact Technologies was founded in 2002 and raised its 1st funding round 9 years after it was founded.

Where is AGS Transact Technologies located?

AGS Transact Technologies is headquartered in Mumbai, India. It is registered at 601-602 TRADE WORLD B-WINGKAMALA MILL COMPOUND SENAPATI BAPAT MARG LOWER PAREL, MUMBAI, Maharashtra, India, 400013.

Which legal entities is AGS Transact Technologies associated with?

AGS Transact Technologies is associated with Ags Transact Technologies Limited and 1 other.

How many employees does AGS Transact Technologies have?

As of Jun 30, 2026, the latest employee count at AGS Transact Technologies is 3197.

Is AGS Transact Technologies a funded company?

AGS Transact Technologies is a funded company, having raised a total of $81M across 4 funding rounds to date. The company's 1st funding round was a $***** PE round, raised on Jun 07, 2011.

When was the latest funding round of AGS Transact Technologies?

AGS Transact Technologies' latest funding was a $***** Conventional Debt round on Mar 26, 2021, with participation from 2 investors.

What is the annual revenue of AGS Transact Technologies?

Annual revenue of AGS Transact Technologies is more than ₹1,000 Cr as on Mar 31, 2024

Where does AGS Transact Technologies rank among its competitors?

AGS Transact Technologies ranks 13th amongst 627 active competitors, of which 82 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Flutterwave, which secured an undisclosed amount in Jun, 2026.

Who are the top competitors of AGS Transact Technologies?

AGS Transact Technologies' top competitors include Stripe, Razorpay and PayU. Among them, Flutterwave secured the most recent funding round in June, 2026.

AGS Transact Technologies - 2026 Company Profile, Team, Funding, Competitors & Financials

AGS Transact Technologies is a public company based in Mumbai (India), founded in 2002 by Ravi Badrinarain Goyal. It operates as a Provider of end-to-end payment processing solutions for merchants and businesses. AGS Transact Technologies has raised $81M in funding from TPG and Actis. The company has 627 active competitors, including 82 funded and 47 that have exited. Its top competitors include companies like Stripe, Razorpay and PayU.

Company Details

Provider of end-to-end payment processing solutions for merchants and businesses. Features integrated omnichannel payment solutions providers in terms of providing digital and cash-based solutions to banks and corporate clients. Also provides customized products and services comprising ATM and Cash Recycler Machines (CRM) outsourcing, cash management, and digital payment solutions including merchant solutions, transaction processing services, and mobile wallets.

Website: agsindia.com
Social
Email ID: *****@agsindia.com
Phone Number: +91 **********
Registered Address: 601-602 TRADE WORLD B-WINGKAMALA MILL COMPOUND SENAPATI BAPAT MARG LOWER PAREL, MUMBAI, Maharashtra, India, 400013

Key Metrics

Founded Year

2002

Location

Mumbai, India

Stage

Public

Total Funding

$81M in 4 rounds

Latest Funding Round

Conventional Debt, Mar 26, 2021, $*****

Investors

TPG & 15 more

Ranked

13^th among 627 active competitors

Annual Revenue

₹1,000+ Cr as on Mar 31, 2024

Employee Count

3,197 as on Jun 30, 2026

Similar Companies

Stripe & 3306 more

Exit Details

Public

View AGS Transact Technologies' full profile

AGS Transact Technologies is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Ags Transact Technologies Limited CIN: L72200MH2002PLC138213 , India, Under CIRP	Dec 11, 2002	₹1,000+ Cr (As on Mar 31, 2024)	1106 (As on Mar 31, 2024)
INDIA TRANSACT SERVICES LIMITED CIN: U72900MH2007PLC172249 , India, Active	Jul 11, 2007	₹100 - ₹500 Cr (As on Mar 31, 2024)	46 (As on Oct 31, 2024)

AGS Transact Technologies got listed on Jan 31, 2022.

Click here to take a look at AGS Transact Technologies's IPO in detail

AGS Transact Technologies has raised a total funding of $81M over 4 rounds. Its first funding round was on Jun 07, 2011. Its latest funding round was a Conventional Debt round on Mar 26, 2021 for $*****. 2 investors participated in its latest round. AGS Transact Technologies has 7 institutional investors and 9 angel investors.

Here is the list of recent funding rounds of AGS Transact Technologies:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Mar 26, 2021	5093094	Conventional Debt	8852552	9138480	7947686	7377458
Aug 10, 2012	6936940	PE	6767814	2190483	9557308	2757190
Mar 03, 2012	2866938	PE	5493805	9556537	TPG	4694305

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View details of AGS Transact Technologies's funding rounds and investors

The founders of AGS Transact Technologies is Ravi Badrinarain Goyal.

Here are the details of AGS Transact Technologies' key team members:

Ravi Badrinarain Goyal: Founder & MD of AGS Transact Technologies and founder of 2 other companies, HP Fastlane and Ongo. They serve on the board of 1 company.
Contact Info: 2 email addresses and 1 phone number

AGS Transact Technologies' Board of Directors

AGS Transact Technologies's board has 7 active members. Ravi Badrinarain Goyal and BadriNarayan Goyal are part of team and Sudip Bandyopadhyay, Rahul Bhagat, Vinayak Ravi Goyal, Vijay Chugh and Stanley Johnson Panacherry are independent board members.

Here is the list of AGS Transact Technologies' board of directors:

Name	Type	Representing	Status	Duration
BadriNarayan Goyal	Team	-	Current	23y 6m
doxbzfl	Team	-	Past	4y 6m
bzwvkng	Team	-	Past	8y 9m
Rahul Bhagat	Independent board member	-	Current	8y 0m
iapiomz	Independent board member	-	Current	9y 4m
vjqswry	Independent board member	-	Past	4y 7m
{ymezny	Independent board member	-	Past	4y 8m
jthkdof	Independent board member	-	Past	7y 6m

View details of AGS Transact Technologies's Founder profiles and Board Members

AGS Transact Technologies' employee count trend

AGS Transact Technologies has 3,197 employees as of Jun 26. Here is AGS Transact Technologies's employee count trend over the years:

Employee count trend for AGS Transact Technologies

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Top competitors of AGS Transact Technologies include Stripe, Razorpay and PayU. Here is the list of Top 10 competitors of AGS Transact Technologies, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Stripe 2010, San Francisco (United States), Series I	Provider of financial infrastructure solutions for revenue growth and payment processing	$9.81B	General Catalyst, Sequoia Capital & 127 others	86/100
2nd	Razorpay 2014, Bengaluru (India), Series F	Provider of payment and business banking solutions for enterprises	$742M	Peak XV Partners, GIC & 35 others	86/100
3rd	PayU 2002, Amsterdam (Netherlands), Series C	Provider of online payment solutions and financial services for businesses	$35.1M	Naspers, PROSPER & 5 others	84/100
4th	Flutterwave 2016, San Francisco (United States), Series E	Provider of payment solutions for online and physical business transactions	$489M	Greycroft, Tiger Global Management & 72 others	83/100
5th	Xendit 2015, Jakarta (Indonesia), Series D	Online payment and money transfer platform for businesses	$554M	Accel, Insight Partners & 28 others	83/100
6th	Adyen 2006, Amsterdam (Netherlands), Public	Provider of end-to-end payment, data, and financial management platform solutions	$266M	Index Ventures, Iconiq Capital & 15 others	81/100
7th	Rapyd 2016, London (United Kingdom), Series F	Provider of financial infrastructure for processing payments and issuing cards	$1.01B	Tal Capital, Oak HC/FT & 33 others	76/100
8th	Mintoak 2017, Mumbai (India), Series A	Digital payments and engagement solutions for MSMEs	$30.6M	HDFC Bank, PayPal & 18 others	74/100
9th	ACI Worldwide 1975, Omaha (United States), Public	Process and manage digital payments	-	Starboard Value, JMI Management & 3 others	74/100
10th	Airpay 2012, Mumbai (India), Series A	Provider of omnichannel payment gateway solutions and financial service platform	$3.63M	Kalaari Capital, Mosaic Capital Services & 7 others	72/100
13th	AGS Transact Technologies 2002, Mumbai (India), Public	Provider of end-to-end payment processing solutions for merchants and businesses	$81M	Analah Ventures, Kotak Investment Advisors ... & 14 others	69/100

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Founders (largest shareholder) own 55.12%, Funds own 42.34%, Other People own 0.62% and ESOP Pool own 1.92%. The net worth of AGS Transact Technologies's founders is INR 739Cr as of Aug 10, 2012.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	55.12%	739Cr	9905888	6539225	3183022	4207832
Ravi Badrinarain Goyal	9742547	7896016	3245840	6176096	1245961	4737779
Fund	42.34%	567Cr	7690446	8065323	8257847	7439523
TPG	8717185	7791774	1267070	4913029	9967994	9794104
Actis	9803763	2542247	4003697	4091027	8897159	6695644
Other People	0.62%	8.34Cr	0	0	0	0
ESOP Pool	1.92%	25.8Cr	7	4	3	2
Total	100.00%	1,340Cr	3998316	7548571	8560940	7881310