Press Release : AGS Securevalue India emerges nation’s second largest cash-in-transit company

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Mumbai, August 1st, 2018: Securevalue India (SVIL), the fastest growing cash-in-transit (CIT) company in India and a group company of AGS Transact Technologies Ltd. (AGSTTL), today announced that it has achieved a milestone of 29,000+ ATMs in its service network becoming the second largest CIT company by number of ATMs.

The company’s strong network is efficiently supported by its expansive infrastructure which includes 1364 cash vans and trained work-force of more than 5000 people spread across 1500 towns and cities nationwide. Securevalue India is a trusted partner for cash management services and door-step banking for leading banks, financial institutions and well-known retailers. The company also offers vault services across 45 locations in the country.

India has close to 2.1lakh ATMs which are managed by various managed service providers (MSPs). Securevalue India, in a short span of six years has become a reliable CIT partner for various MSPs in the country and manages more than INR 1000 crore in cash every day.

Commenting on the milestone, Ravi Goyal, Founder and Chairman & Managing Director, AGS Transact Technologies Ltd. said, Securevalue India forms a critical part of the AGSTTL value chain. At a time when the cash logistics industry is moving towards consolidation, the 29,000+ ATM network is an important landmark for the company. We started SVIL with the vision to offer world-class cash-in-transit services and security processes that conform to international standards. This has enabled our clients to outsource complete ATM management to us in return for more efficient service and a customized experience. Today, with a robust infrastructure in place and an adept team, Securevalue India has carved a niche for itself in the industry and is growing at CAGR of 91 %.”

Mehernosh Parekh, Head, Securevalue India Ltd. said, “It is a proud moment for us to reach this landmark target in our growth evolution. Securevalue India is among the few companies that conforms to almost all industry guidelines announced recently by the RBI. We focus on precise and stringent security processes to ensure the safest possible service. All Securevalue cash-vans are LCV, armored with two compartments and GPS enabled for live tracking and real-time monitoring. Our par excellence service and advanced security measures have enabled us to reach this goal. We are determined to further expand our network while maintaining the highest quality standards.”

The company also offers India’s only and award winning cash-management solution with intelligent cash deposit machine (iCD) to leading ecommerce, aviation and retail brands which streamlines the complex and tedious process of cash counting, counterfeit detection and collection and ensures a safe transit and deposit in the concerned bank account.