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 Sep 30, 2026, the latest employee count at AGS Transact Technologies is 3181.

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 37th amongst 6048 active competitors, of which 538 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Flutterwave, which secured an undisclosed amount in Jul, 2026.

Who are the top competitors of AGS Transact Technologies?

AGS Transact Technologies' top competitors include PayPal, Stripe and Razorpay. Among them, Flutterwave secured the most recent funding round in July, 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 6048 active competitors, including 538 funded and 493 that have exited. Its top competitors include companies like PayPal, Stripe and Razorpay.

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

37^th among 6048 active competitors

Annual Revenue

₹1,000+ Cr as on Mar 31, 2024

Employee Count

3,181 as on Sep 30, 2026

Similar Companies

PayPal & 3637 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	Reports
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 Limited CIN: L72200MH2002PLC138213 , India, Under CIRP	Dec 11, 2002	₹1,000+ Cr (As on Mar 31, 2024)	1106 (As on Mar 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	1342106	Conventional Debt	2116385	2201831	8694799	3606397
Aug 10, 2012	8273795	PE	5525660	9989442	6910422	1499187
Mar 03, 2012	3541054	PE	9712500	5929833	TPG	1333716

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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, Stanley Johnson Panacherry and Vijay Chugh 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 8m
rkctpyd	Team	-	Past	5y 3m
tzasppb	Team	-	Past	1y 2m
Rahul Bhagat	Independent board member	-	Current	8y 2m
nosjxvu	Independent board member	-	Current	4y 7m
tqr{jqc	Independent board member	-	Past	6y 3m
gzor{ci	Independent board member	-	Past	4y 8m
glilhgx	Independent board member	-	Past	8y 1m

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

AGS Transact Technologies' employee count trend

AGS Transact Technologies has 3,181 employees as of Sep 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 PayPal, Stripe and Razorpay. 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	PayPal 1998, United States, Public	Provider of online payment solutions, money transfers, and virtual wallets	$216M	ING, MDP & 29 others	87/100
2nd	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 & 133 others	86/100
3rd	Razorpay 2014, Bengaluru (India), Series F	Provider of payment and business banking solutions for enterprises	$742M	Peak XV Partners, GIC & 35 others	85/100
4th	Flutterwave 2016, San Francisco (United States), Series E	Provider of payment solutions for online and physical business transactions	$489M	Greycroft, Mastercard & 73 others	83/100
5th	Xendit 2015, Jakarta (Indonesia), Series D	Online payment and money transfer platform for businesses	$554M	Accel, Goodwater Capital & 28 others	83/100
6th	Airwallex 2015, San Francisco (United States), Series H	Provider of financial infrastructure for processing payments and managing treasury	$1.9B	Lone Pine Capital, Addition & 51 others	83/100
7th	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
8th	Pine Labs 1998, Noida (India), Public	Provider of in-store and online payment, prepaid, and financial solutions	$954M	Peak XV Partners, Actis & 186 others	80/100
9th	GoCardless 2011, London (United Kingdom), Acquired	Provider of automated bank payment collection and recurring billing services	$540M	Adams Street Partners, Accel & 26 others	80/100
10th	PayU 2002, Amsterdam (Netherlands), Funding Raised	Provider of online payment solutions and financial services for businesses	-	PROSPER, Gecad Ventures & 4 others	79/100
37th	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	59/100

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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. The cap table displayed below is for Ags Transact Technologies Limited which is the legal entity associated with AGS Transact Technologies.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	55.12%	739Cr	2138203	1537612	1370576	1509687
Ravi Badrinarain Goyal	1325968	9598034	5612058	6803744	6431451	5471108
Fund	42.34%	567Cr	1361692	8442978	1424014	9137815
TPG	8045844	3669504	6672339	4209682	3769919	9235628
Actis	6444904	6736369	5961122	7496804	7772232	6667099
Other People	0.62%	8.34Cr	0	0	0	0
ESOP Pool	1.92%	25.8Cr	2	8	1	6
Total	100.00%	1,340Cr	5713980	6081662	1013146	6073907