- #1,545 Ravi B Goyal ₹1,300 Cr

About Ags Transact Technologies Limited
Data last updated:
Ags Transact Technologies Limited is a public limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 11 December 2002.
Its director Ravi B Goyal is #1,545 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L72200MH2002PLC138213. Its GSTIN is 27AAECA0901H1Z6 (Maharashtra). The company holds 34 GST registrations, of which 4 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 543451 and NSE: AGSTRA.
The company has an authorised share capital of ₹160 Cr and a paid-up capital of ₹128.43 Cr. It was formerly known as Ags Transact Technologies Private Limited and Ags Infotech Private Limited. It is led by directors including Ravi Badrinarain Goyal (Managing Director) and Stanley Johnson Panacherry.
Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 601 – 602 Trade World B – Wingkamala Mill Compound Senapati Bapat Marg Lower Parel, Mumbai, Maharashtra, India – 400013.
As per the latest consolidated financials for FY 2023-24, the company reported a revenue of ₹1,470.63 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net loss of ₹81.28 Cr (net margin -5.5%) and EBITDA of ₹197.45 Cr (EBITDA margin 13.4%). The net worth stands at ₹461.67 Cr (down 13.7% YoY). Total assets are valued at ₹1,607.06 Cr (down 10.3% YoY).
The company has about 1,016 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 2 brands: AGS Transact Technologies and OnGo. As per MCA filings, the company has open charges of ₹1,423.71 Cr and satisfied charges of ₹2,285.11 Cr on record. Court records list 268 cases involving the company, including 47 filed by the company and 223 filed against it; 135 cases are pending. The company has 42 deals on record (29 market trades, 7 secondary share transfers, 4 funding rounds), with disclosed funding of ₹1,114.14 Cr; the latest was in September 2025. The company has 22 MSME Form 1 returns on record between 2019 and 2024, listing 5,055 overdue payments to 261 micro and small suppliers.
The last known website on record is agsindia.com.
Company details
Name history
Ags Transact Technologies has undergone 2 name changes throughout its history. The company was previously known as Ags Transact Technologies Private Limited, and Ags Infotech Private Limited. The current legal name is Ags Transact Technologies Limited.
| Company Name | Status |
|---|---|
| Ags Transact Technologies Limited | Current |
| Ags Transact Technologies Private Limited | Previous |
| Ags Infotech Private Limited | Previous |
CIN history
Ags Transact Technologies has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L72200MH2002PLC138213, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L72200MH2002PLC138213 | Current |
| U72200MH2002PTC138213 | Previous |
| U72200MH2002PLC138213 | Previous |
Recognitions & Rankings of Ags Transact Technologies
Contact details
Ags Transact Technologies Limited's registered office is in Mumbai, Maharashtra. Its website is agsindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address601 – 602 Trade World B – Wingkamala Mill Compound Senapati Bapat Marg Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Ags Transact Technologies Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Ags Transact Technologies operates two associated brands: AGS Transact Technologies and OnGo. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| End-to-end payment processing solutions are provided for merchants and businesses. | agsindia.com | |
| Payment processing solutions are provided for businesses and merchants. | ongo.co.in |
Business activity
The main business activity of Ags Transact Technologies is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Ags Transact Technologies Limited, buy the company report.
Financials of Ags Transact Technologies Limited
FY 2023-24 filings availableAgs Transact Technologies Limited reported revenue of ₹1,470.63 Cr (down 12% YoY) for FY 2023-24.
Financial Highlights
FY 2023-24 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,471 | 1,671 | 1,772 | 1,759 | 1,800 | 1,806 | 1,473 |
| Revenue growth | -12.0% | -5.7% | +0.7% | -2.3% | -0.3% | +22.6% | - |
| EBITDA | 197 | 396 | 410 | 437 | 461 | 425 | 205 |
| EBITDA margin | +13.4% | +23.7% | +23.2% | +24.8% | +25.6% | +23.5% | +13.9% |
| Profit before tax | (125) | 57.52 | (66.58) | 82.42 | 120 | 78.89 | 23.75 |
| Net profit | (81.28) | 38.61 | (81.85) | 54.37 | 85.12 | 69.02 | 6.77 |
| Net profit margin | -5.5% | +2.3% | -4.6% | +3.1% | +4.7% | +3.8% | +0.5% |
| EPS (₹) | (6.62) | 3.07 | (6.86) | 4.62 | 7.00 | 5.58 | 0.53 |
| Balance sheet | |||||||
| Total assets | 1,607 | 1,792 | 1,615 | 2,216 | 1,698 | 1,567 | 1,135 |
| Net worth | 462 | 535 | 482 | 559 | 499 | 425 | 402 |
| Total debt | 1,120 | 1,231 | 1,104 | 1,622 | 1,159 | 1,105 | 703 |
| Cash & bank | 116 | 94.01 | 80.65 | 694 | 75.88 | 38.11 | 28.06 |
| Net working capital | 614 | 724 | 447 | 971 | 314 | 290 | 322 |
| Cash flow | |||||||
| Cash from operations | 349 | 249 | 325 | 418 | 446 | 486 | 196 |
| Cash from investing | (15.17) | (126) | (12.08) | (156) | (291) | (165) | (161) |
| Cash from financing | (316) | (137) | (875) | 320 | (172) | (315) | (30.71) |
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 210 | 352 | 340 | 349 | 374 | 377 | 371 | 425 |
| Revenue growth (YoY) | -43.9% | -6.6% | -8.5% | -17.8% | -10.0% | - | - | - |
| Other income | 3.91 | 16.43 | 11.83 | 7.58 | 10.27 | 12.09 | 8.20 | 10.21 |
| EBITDA | (174) | 88.26 | 93.48 | 49.20 | 57.57 | 7.43 | 83.25 | 73.27 |
| EBITDA margin | -83.1% | +25.1% | +27.5% | +14.1% | +15.4% | +2.0% | +22.4% | +17.3% |
| Depreciation | 43.79 | 47.55 | 49.21 | 52.51 | 52.99 | 54.00 | 53.73 | 57.17 |
| Interest | 37.85 | 36.43 | 35.71 | 36.68 | 37.60 | 36.72 | 36.71 | 39.10 |
| Profit before tax | (252) | 20.71 | 20.39 | (32.41) | (22.75) | (71.20) | 1.01 | (12.79) |
| Tax | (57.56) | 5.55 | 6.54 | (27.96) | (7.37) | (10.29) | 0.36 | 2.57 |
| Net profit | (194) | 15.16 | 13.85 | (4.45) | (15.38) | (60.91) | 0.65 | (15.36) |
| EPS (₹) | (15.99) | 1.23 | 1.13 | (0.37) | (1.28) | (5.05) | 0.05 | (1.28) |
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 1,043 | 1,210 | 1,317 | 1,373 | 1,458 | 1,547 | 1,309 |
| Revenue growth | -13.8% | -8.1% | -4.1% | -5.8% | -5.8% | +18.2% | - |
| EBITDA | 111 | 284 | 322 | 378 | 405 | 216 | 182 |
| EBITDA margin | +10.7% | +23.4% | +24.4% | +27.6% | +27.8% | +14.0% | +13.9% |
| Profit before tax | (123) | 18.15 | (81.46) | 101 | 124 | 67.80 | 32.07 |
| Net profit | (68.92) | 16.07 | (88.34) | 69.27 | 91.84 | 42.21 | 21.39 |
| Net profit margin | -6.6% | +1.3% | -6.7% | +5.0% | +6.3% | +2.7% | +1.6% |
| EPS (₹) | (5.53) | 1.23 | (7.37) | 5.91 | 7.47 | 3.56 | 1.62 |
| Balance sheet | |||||||
| Total assets | 1,473 | 1,650 | 1,526 | 2,109 | 1,360 | 935 | 1,121 |
| Net worth | 514 | 576 | 552 | 635 | 562 | 541 | 493 |
| Total debt | 945 | 1,059 | 956 | 1,455 | 463 | 376 | 609 |
| Cash & bank | 81.41 | 60.17 | 47.86 | 668 | 44.08 | 22.99 | 19.03 |
| Net working capital | 430 | 559 | 373 | 904 | 29.91 | 116 | 339 |
| Cash flow | |||||||
| Cash from operations | 303 | 196 | 237 | 363 | 391 | 332 | 210 |
| Cash from investing | (5.24) | (109) | 29.83 | (117) | (235) | (150) | (149) |
| Cash from financing | (279) | (101) | (830) | 334 | (165) | (182) | (54.52) |
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 154 | 257 | 244 | 243 | 267 | 273 | 261 | 304 |
| Revenue growth (YoY) | -42.3% | -5.8% | -6.8% | -20.2% | -13.0% | - | - | - |
| Other income | 4.57 | 10.69 | 8.62 | 5.38 | 5.15 | 33.41 | 6.38 | 8.42 |
| Total expenses | 270 | 193 | 175 | 216 | 233 | 281 | 202 | 259 |
| EBITDA | (117) | 63.93 | 68.16 | 26.95 | 33.16 | (8.41) | 59.50 | 45.53 |
| EBITDA margin | -76.0% | +24.9% | +28.0% | +11.1% | +12.4% | -3.1% | +22.8% | +15.0% |
| Depreciation | 31.63 | 34.64 | 36.20 | 37.95 | 39.20 | 40.79 | 40.13 | 40.05 |
| Interest | 30.43 | 29.82 | 29.54 | 30.84 | 31.89 | 31.22 | 32.10 | 33.61 |
| Profit before tax | (174) | 10.16 | 11.04 | (36.46) | (32.78) | (47.01) | (6.35) | (19.71) |
| Tax | (41.96) | 2.90 | 3.47 | (31.53) | (10.22) | (12.27) | (1.58) | (4.33) |
Financial Statements
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 210 | 352 | 340 | 349 | 374 | 377 | 371 | 425 |
| Revenue growth (YoY) | -43.9% | -6.6% | -8.5% | -17.8% | -10.0% | - | - | - |
| Other income | 3.91 | 16.43 | 11.83 | 7.58 | 10.27 | 12.09 | 8.20 | 10.21 |
| EBITDA | (174) | 88.26 | 93.48 | 49.20 | 57.57 | 7.43 | 83.25 | 73.27 |
| EBITDA margin | -83.1% | +25.1% | +27.5% | +14.1% | +15.4% | +2.0% | +22.4% | +17.3% |
| Depreciation | 43.79 | 47.55 | 49.21 | 52.51 | 52.99 | 54.00 | 53.73 | 57.17 |
| Interest | 37.85 | 36.43 | 35.71 | 36.68 | 37.60 | 36.72 | 36.71 | 39.10 |
| Profit before tax | (252) | 20.71 | 20.39 | (32.41) | (22.75) | (71.20) | 1.01 | (12.79) |
| Tax | (57.56) | 5.55 | 6.54 | (27.96) | (7.37) | (10.29) | 0.36 | 2.57 |
| Net profit | (194) | 15.16 | 13.85 | (4.45) | (15.38) | (60.91) | 0.65 | (15.36) |
| EPS (₹) | (15.99) | 1.23 | 1.13 | (0.37) | (1.28) | (5.05) | 0.05 | (1.28) |
| Particulars | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,471 | 1,671 | 1,772 | 1,759 | 1,800 | 1,806 | 1,473 |
| Revenue growth | -12.0% | -5.7% | +0.7% | -2.3% | -0.3% | +22.6% | - |
| Other income | 38.13 | 36.24 | 25.39 | 38.21 | 33.08 | 17.89 | 14.05 |
| Total expenses | 1,273 | 1,276 | 1,362 | 1,322 | 1,339 | 1,381 | 1,268 |
| Employee cost | 215 | 240 | 266 | 277 | 280 | 275 | 233 |
| EBITDA | 197 | 396 | 410 | 437 | 461 | 425 | 205 |
| EBITDA margin | +13.4% | +23.7% | +23.2% | +24.8% | +25.6% | +23.5% | +13.9% |
| Depreciation | 213 | 231 | 252 | 260 | 245 | 227 | 113 |
| Interest | 148 | 144 | 250 | 133 | 130 | 137 | 82.78 |
| Profit before tax | (125) | 57.52 | (66.58) | 82.42 | 120 | 78.89 | 23.75 |
| Tax | (45.25) | 20.57 | 15.90 | 27.64 | 36.51 | 12.69 | 17.43 |
| Net profit | (81.28) | 38.61 | (81.85) | 54.37 | 85.12 | 69.02 | 6.77 |
| Net profit margin | -5.5% | +2.3% | -4.6% | +3.1% | +4.7% | +3.8% | +0.5% |
| EPS (₹) | (6.62) | 3.07 | (6.86) | 4.62 | 7.00 | 5.58 | 0.53 |
| Particulars | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 121 | 120 | 120 | 119 | 119 | 119 | 119 |
| Reserves & surplus | 341 | 415 | 362 | 426 | 369 | 300 | 284 |
| Shareholders' funds (net worth) | 462 | 535 | 482 | 559 | 499 | 425 | 402 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 488 | 628 | 590 | 1,015 | 554 | 450 | 571 |
| Unsecured loans | 632 | 603 | 515 | 607 | 605 | 656 | 132 |
| Total debt | 1,120 | 1,231 | 1,104 | 1,622 | 1,159 | 1,105 | 703 |
| Total liabilities | 1,607 | 1,792 | 1,615 | 2,216 | 1,698 | 1,567 | 1,135 |
| Assets | |||||||
| Gross block | 1,561 | 1,563 | 1,573 | 1,511 | 1,483 | 1,331 | 758 |
| Net block | 718 | 804 | 910 | 965 | 1,052 | 1,008 | 549 |
| Capital work in progress | 28.83 | 39.55 | 43.79 | 58.17 | 89.01 | 50.11 | 65.55 |
| Investments | 2.08 | 0.88 | 0.01 | 10.48 | 2.36 | 0.00 | 0.00 |
| Inventories | 87.91 | 74.03 | 64.89 | 72.01 | 63.90 | 91.86 | 135 |
| Sundry debtors | 731 | 904 | 915 | 491 | 456 | 443 | 367 |
| Cash & bank balances | 116 | 94.01 | 80.65 | 694 | 75.88 | 38.11 | 28.06 |
| Loans & advances | 163 | 143 | 124 | 412 | 261 | 204 | 212 |
| Total current assets | 1,098 | 1,215 | 1,184 | 1,669 | 857 | 777 | 742 |
| Total current liabilities | 484 | 491 | 737 | 697 | 543 | 487 | 420 |
| Net working capital | 614 | 724 | 447 | 971 | 314 | 290 | 322 |
| Total assets | 1,607 | 1,792 | 1,615 | 2,216 | 1,698 | 1,567 | 1,135 |
| Particulars | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Opening cash | 15.77 | 30.02 | 592 | 10.61 | 27.00 | 21.40 | 17.88 |
| Net cash from operating activities | 349 | 249 | 325 | 418 | 446 | 486 | 196 |
| Net cash from investing activities | (15.17) | (126) | (12.08) | (156) | (291) | (165) | (161) |
| Net cash from financing activities | (316) | (137) | (875) | 320 | (172) | (315) | (30.71) |
| Net change in cash | 18.48 | (14.24) | (562) | 582 | (16.39) | 5.60 | 3.52 |
| Closing cash | 116 | 94.01 | 80.65 | 694 | 75.88 | 38.11 | 28.06 |
| Particulars | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -12.0% | -5.7% | +0.7% | -2.3% | -0.3% | +22.6% | - |
| EBITDA growth | -50.1% | -3.5% | -6.1% | -5.3% | +8.6% | +106.9% | - |
| PBT growth | - | +9998.0% | - | -31.0% | +51.5% | +232.2% | +9998.0% |
| Net income growth | -310.5% | +147.2% | -250.5% | -36.1% | +23.3% | +919.5% | - |
| Revenue CAGR (3Y) | -5.8% | -2.5% | -0.6% | +6.1% | +11.2% | - | - |
| EBITDA CAGR (3Y) | -23.3% | -5.0% | -1.2% | +28.6% | +44.9% | - | - |
| Profitability & leverage | |||||||
| Net income margin | -5.5% | +2.2% | -4.7% | +3.1% | +4.6% | +3.7% | +0.4% |
| Return on capital employed | 0.0% | +11.8% | +9.6% | +11.0% | +15.3% | +16.0% | +10.1% |
| Return on net worth | 0.0% | +7.3% | -15.9% | +10.4% | +18.0% | +16.0% | +1.7% |
| Debt / equity | 2.36 | 2.30 | 2.62 | 2.63 | 2.45 | 2.19 | 1.71 |
| Long-term debt / equity | 1.37 | 1.46 | 1.77 | 1.70 | 1.62 | 1.25 | 0.76 |
| Interest cover | -935.99 | 87.10 | 158.12 | 75.06 | 60.14 | 69.14 | 89.51 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.94 | 1.07 | 1.15 | 1.18 | 1.28 | 1.73 | 2.19 |
| Inventory turnover | 18.16 | 24.06 | 25.89 | 25.88 | 23.12 | 15.89 | 9.77 |
| Debtors turnover | 1.80 | 1.84 | 2.52 | 3.71 | 4.00 | 4.46 | 4.48 |
| EPS (₹) | (6.62) | 3.07 | (6.86) | 4.62 | 7.00 | 5.58 | 0.53 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 38.15 | 44.41 | 40.09 | 45.95 | 41.11 | 35.29 | 33.93 |
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 154 | 257 | 244 | 243 | 267 | 273 | 261 | 304 |
| Revenue growth (YoY) | -42.3% | -5.8% | -6.8% | -20.2% | -13.0% | - | - | - |
| Other income | 4.57 | 10.69 | 8.62 | 5.38 | 5.15 | 33.41 | 6.38 | 8.42 |
| Total expenses | 270 | 193 | 175 | 216 | 233 | 281 | 202 | 259 |
| EBITDA | (117) | 63.93 | 68.16 | 26.95 | 33.16 | (8.41) | 59.50 | 45.53 |
| EBITDA margin | -76.0% | +24.9% | +28.0% | +11.1% | +12.4% | -3.1% | +22.8% | +15.0% |
| Depreciation | 31.63 | 34.64 | 36.20 | 37.95 | 39.20 | 40.79 | 40.13 | 40.05 |
| Interest | 30.43 | 29.82 | 29.54 | 30.84 | 31.89 | 31.22 | 32.10 | 33.61 |
| Profit before tax | (174) | 10.16 | 11.04 | (36.46) | (32.78) | (47.01) | (6.35) | (19.71) |
| Tax | (41.96) | 2.90 | 3.47 | (31.53) | (10.22) | (12.27) | (1.58) | (4.33) |
| Particulars | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Revenue | 1,043 | 1,210 | 1,317 | 1,373 | 1,458 | 1,547 | 1,309 |
| Revenue growth | -13.8% | -8.1% | -4.1% | -5.8% | -5.8% | +18.2% | - |
| Other income | 50.32 | 28.54 | 15.02 | 33.99 | 24.36 | 14.25 | 11.80 |
| Total expenses | 932 | 927 | 995 | 995 | 1,053 | 1,332 | 1,127 |
| Employee cost | 112 | 129 | 139 | 137 | 134 | 140 | 112 |
| EBITDA | 111 | 284 | 322 | 378 | 405 | 216 | 182 |
| EBITDA margin | +10.7% | +23.4% | +24.4% | +27.6% | +27.8% | +14.0% | +13.9% |
| Depreciation | 158 | 172 | 187 | 197 | 194 | 93.66 | 87.37 |
| Interest | 126 | 122 | 231 | 114 | 111 | 68.64 | 74.28 |
| Profit before tax | (123) | 18.15 | (81.46) | 101 | 124 | 67.80 | 32.07 |
| Tax | (55.60) | 3.27 | 7.17 | 31.02 | 34.53 | 25.59 | 12.87 |
| Net profit | (68.92) | 16.07 | (88.34) | 69.27 | 91.84 | 42.21 | 21.39 |
| Net profit margin | -6.6% | +1.3% | -6.7% | +5.0% | +6.3% | +2.7% | +1.6% |
| EPS (₹) | (5.53) | 1.23 | (7.37) | 5.91 | 7.47 | 3.56 | 1.62 |
| Particulars | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 121 | 120 | 120 | 119 | 120 | 119 | 119 |
| Reserves & surplus | 393 | 455 | 432 | 516 | 444 | 422 | 375 |
| Shareholders' funds (net worth) | 514 | 576 | 552 | 635 | 562 | 541 | 493 |
| Secured loans | 425 | 554 | 514 | 914 | 457 | 0.00 | 506 |
| Unsecured loans | 520 | 505 | 443 | 540 | 5.11 | 376 | 103 |
| Total debt | 945 | 1,059 | 956 | 1,455 | 463 | 376 | 609 |
| Total liabilities | 1,473 | 1,650 | 1,526 | 2,109 | 1,360 | 935 | 1,121 |
| Assets | |||||||
| Gross block | 1,080 | 1,089 | 1,139 | 1,115 | 760 | 415 | 579 |
| Net block | 535 | 598 | 694 | 739 | 448 | 415 | 415 |
| Capital work in progress | 27.24 | 34.54 | 37.34 | 35.67 | 44.59 | 23.04 | 46.18 |
| Investments | 302 | 290 | 266 | 276 | 266 | 220 | 142 |
| Inventories | 86.61 | 72.61 | 64.05 | 70.19 | 62.46 | 91.27 | 134 |
| Sundry debtors | 573 | 718 | 769 | 707 | 407 | 421 | 353 |
| Cash & bank balances | 81.41 | 60.17 | 47.86 | 668 | 44.08 | 22.99 | 19.03 |
| Loans & advances | 120 | 114 | 102 | 73.65 | 218 | 171 | 199 |
| Total current assets | 861 | 965 | 983 | 1,519 | 731 | 706 | 706 |
| Total current liabilities | 431 | 406 | 610 | 615 | 701 | 590 | 367 |
| Net working capital | 430 | 559 | 373 | 904 | 29.91 | 116 | 339 |
| Total assets | 1,473 | 1,650 | 1,526 | 2,109 | 1,360 | 935 | 1,121 |
| Particulars | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Opening cash | 6.55 | 20.87 | 584 | 4.26 | 13.89 | 13.92 | 7.19 |
| Net cash from operating activities | 303 | 196 | 237 | 363 | 391 | 332 | 210 |
| Net cash from investing activities | (5.24) | (109) | 29.83 | (117) | (235) | (150) | (149) |
| Net cash from financing activities | (279) | (101) | (830) | 334 | (165) | (182) | (54.52) |
| Net change in cash | 17.84 | (14.32) | (563) | 579 | (9.62) | (0.04) | 6.73 |
| Closing cash | 81.41 | 60.17 | 47.86 | 668 | 44.08 | 22.99 | 19.03 |
| Particulars | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -13.8% | -8.1% | -4.1% | -5.8% | -5.8% | +18.2% | - |
| EBITDA growth | -60.8% | -11.8% | -15.0% | -6.5% | +87.5% | +18.7% | - |
| PBT growth | - | +9998.0% | - | -18.7% | +83.5% | +111.4% | +176.2% |
| Net income growth | -528.9% | +118.2% | -227.5% | -24.6% | +117.6% | +97.3% | - |
| Revenue CAGR (3Y) | -8.8% | -6.0% | -5.2% | +1.6% | +6.2% | +10.7% | +3.9% |
| EBITDA CAGR (3Y) | -33.5% | -11.2% | +14.2% | +27.6% | +39.1% | +17.4% | +1.8% |
| Profitability & leverage | |||||||
| Net income margin | -6.4% | +1.2% | -6.7% | +5.1% | +6.2% | +2.7% | +1.5% |
| Return on capital employed | +0.2% | +8.8% | +8.2% | +12.4% | +20.5% | +14.0% | +10.8% |
| Return on net worth | -12.3% | +2.6% | -14.9% | +11.7% | +16.3% | +8.2% | +3.9% |
| Debt / equity | 1.84 | 1.79 | 2.03 | 1.60 | 0.76 | 0.85 | 1.03 |
| Long-term debt / equity | 1.13 | 1.17 | 1.39 | 1.07 | 0.47 | 0.54 | 0.53 |
| Interest cover | -268.97 | 109.35 | 171.73 | 62.94 | 52.62 | 56.17 | 78.56 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.96 | 1.09 | 1.17 | 1.47 | 2.05 | 2.50 | 2.50 |
| Inventory turnover | 13.11 | 17.71 | 19.62 | 20.70 | 18.96 | 13.74 | 8.75 |
| Debtors turnover | 1.62 | 1.63 | 1.78 | 2.47 | 3.52 | 4.00 | 4.09 |
| EPS (₹) | (5.53) | 1.23 | (7.37) | 5.91 | 7.47 | 3.56 | 1.62 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 42.47 | 47.78 | 45.92 | 53.53 | 46.87 | 45.59 | 41.64 |
To see the full year-wise statements and ratios of Ags Transact Technologies Limited, buy the company report.
Board of directors of Ags Transact Technologies Limited
Ags Transact Technologies has 3 current directors and 34 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Stanley Johnson Panacherry | Director | 09 Jun 2021 | 5 Years 4 Months | As last reported |
| Sudip Bandyopadhyay Also directs: VST Industries Limited, Inditrade Capital Limited, Inditrade Fincorp Limited and 5 more | Director | 29 Mar 2023 | 3 Years 6 Months | As last reported |
| Ravi Badrinarain Goyal Also directs: India Transact Services Limited, Securevalue India Limited, Fillon Technologies India Private Limited and 2 more | Managing Director | 11 Dec 2002 | 23 Years 10 Months | As last reported |
Auditor
Ags Transact Technologies Limited is audited by B S R & Co Llp for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co Llp | FY 2024 | 101248W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 26.50%, foreign institutional investors hold 0.10%, domestic institutional investors hold 3.60% and retail and other public shareholders hold 69.80%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 26.50% | 26.50% | 26.50% | 26.50% |
| Public | 73.50% | 73.50% | 73.50% | 73.50% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Jan 2025 | 101048652 | Others | ₹2.73 Cr | Open | |
| 12 Jun 2024 | 100940723 | Others | ₹50 Cr | Open | |
| 12 Jun 2024 | 100940728 | Others | ₹75 Cr | Open | |
| 03 Jun 2024 | 100950332 | Sbicap Trustee Company Limited | ₹117.46 Cr | Open | |
| 31 May 2024 | 100937833 | Others | ₹31 Cr | Open |
To see the full charge records of Ags Transact Technologies Limited, buy the company report.
Total charge records: 61 View all charges
Deals & funding
Ags Transact Technologies Limited has 42 deals on record (29 market trades, 7 secondary share transfers, 4 funding rounds), with disclosed funding of ₹1,114.14 Cr; the latest was in September 2025.
Deals on record (5 of 42)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2025 | Market trade | ₹53.1 Lakh | Buyer: Devi Traders LLP Seller: Ishaan Tradefin LLP |
| Jun 2025 | Market trade | ₹58.4 Lakh | Buyer: Ishaan Tradefin LLP Seller: Devi Traders LLP , Ishaan Tradefin LLP |
| May 2025 | Market trade | ₹39.2 Lakh | Seller: Devi Traders LLP |
| May 2025 | Market trade | ₹35.9 Lakh | Seller: Ishaan Tradefin LLP |
| May 2025 | Market trade | ₹1.17 Cr | Buyer: Devi Traders LLP , Ishaan Tradefin LLP Seller: New Berry Advisors Limited , Devi Traders LLP , Ishaan Tradefin LLP |
To see the full deal history of Ags Transact Technologies Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Ags Transact Technologies Limited has 268 court cases on record: 47 filed by Ags Transact Technologies, 223 filed against it. 135 cases are pending and 133 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 208 | 202 | 129 |
| High courts | 54 | 17 | 6 |
| NCLT | 4 | 2 | 0 |
| Supreme Court | 1 | 1 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 268)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed against the company by Siemens Financial Services Pvt Ltd | Pending |
| District court, Ernakulam, Kerala | Arbitration matter | Filed against the company by M/S. Muthoot Finance Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed against the company by Diebold Nixdorf India Private Limited | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed against the company by CMS Info Systems Limited Authorized Signatory Priyanka Atal | Pending |
| District court, Hyderabad Central, Telangana | Civil suit | Filed by the company against M/S Ags Transact Technologies Ltd | Pending |
To see the full case history of Ags Transact Technologies Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Ags Transact Technologies Limited was last rated by Indiarating on 31 Mar 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 31 Mar 2022 |
To see the full credit ratings and regulatory alerts of Ags Transact Technologies Limited, buy the company report.
MSME payment delays
Ags Transact Technologies Limited has 22 MSME Form 1 returns on record between 2019 and 2024, listing 5,055 overdue payments to 261 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 261)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Rax Tech International | |||
| L K Nakashe Consultants Private Limited | |||
| Oki India Private Limited | |||
| an individual supplier | |||
| V5 Logistics & Warehousing Private Limited |
To see the full MSME payment records of Ags Transact Technologies Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Ags Transact Technologies has 3 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| India Transact Services Limited | U72900MH2007PLC172249 | |
| Securevalue India Limited | U74120MH2012PLC230193 | |
| Ags Community Foundation | U85300MH2019NPL330923 |
To see the full group structure of Ags Transact Technologies Limited, buy the company report.
Employees & EPFO
Ags Transact Technologies Limited has a workforce of 1,016 employees on its EPFO records as of Dec 24, 2025, across 1 active EPFO establishment.
GST
Ags Transact Technologies has 34 GST registrations: 4 active and 30 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECA0901H1Z6 | Maharashtra | Active | 01 Jul 2017 |
| 27AAECA0901H2Z5 | Maharashtra | Active | 23 May 2019 |
| 27AAECA0901H3Z4 | Maharashtra | Active | 06 Nov 2025 |
| 26AAECA0901H1Z8 | Daman & Diu | Active | 01 Aug 2020 |
To see the full GST registrations and return filing status of Ags Transact Technologies Limited, buy the company report.
Recent activity
Ags Transact Technologies Limited has 33 board changes on record since 2002: 4 appointments and 29 cessations. The latest: Saurabh Lal ceased to be CFO on 01 Apr 2025.
148 earlier events are in the company report.
News
Frequently asked questions
Ags Transact Technologies is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Ags Transact Technologies is a company under insolvency, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 11 December 2002 and is registered under CIN L72200MH2002PLC138213. Listed on BSE: 543451 and NSE: AGSTRA. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Ags Transact Technologies reported revenue of ₹1,470.63 Cr for FY 2023-24 (down 12% YoY) based on consolidated financials.
Ags Transact Technologies has 3 current directors:
- Ravi Badrinarain Goyal - Managing Director
- Stanley Johnson Panacherry - Director
- Sudip Bandyopadhyay - Director
The latest financial statements of Ags Transact Technologies on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 27 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Ags Transact Technologies is L72200MH2002PLC138213. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Ags Transact Technologies is a listed company as per MCA records. Its shares are listed on both BSE (code: 543451) and NSE (symbol: AGSTRA).
Ags Transact Technologies has open charges of ₹1,423.71 Cr and satisfied charges of ₹2,285.11 Cr as per latest MCA filings.
Ags Transact Technologies has 268 court cases on record: 47 filed by the company and 223 filed against it. 135 are pending. Most are in the district courts.
Ags Transact Technologies was incorporated on 11 December 2002. It is registered with the Registrar of Companies, Mumbai.
Ags Transact Technologies has 42 deals on record (29 market trades, 7 secondary share transfers, 4 funding rounds), with disclosed funding of ₹1,114.14 Cr; the latest was in September 2025.