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AGS Transact Technologies
3.0
based on 1.1k Reviews
Video summary
Company Overview
Company Locations
Working at AGS Transact Technologies
Company Summary
AGS Transact Technologies is a leader in cash and digital payment solutions within India, providing automation technology and customized services to financial institutions.
Overall Rating
3.0/5
based on 1.1k reviews
19% below
industry average
Critically rated for
Promotions, Salary, Job security
Work Policy
Work from office
61% employees reported
Monday to Saturday
54% employees reported
Flexible timing
63% employees reported
Within city
49% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
73 employees reported
Health insurance
67 employees reported
Office cab/shuttle
43 employees reported
Cafeteria
34 employees reported
View all benefits
About AGS Transact Technologies
Founded in2002 (23 yrs old)
India Employee Count1k-5k
Global Employee Count1k-5k
India HeadquartersMumbai, India
Office Locations
--
Websiteagsindia.com
Primary Industry
Other Industries
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View in video summary
We are one of India’s leading providers of end-to-end cash and digital payment solutions and automation technology. We provide customised products and services comprising ATM outsourcing services and cash management solutions, as well as digital payment solutions including merchant solutions, transaction processing services and mobile wallets. As of March 31, 2018, we were the second largest company in India in terms of number of ATMs managed, revenue from ATM managed services and number of ATMs provided with cash management services, and the fourth largest company in India in terms of revenue from cash management.
For the financial year 2019, we derived 96.1% of our revenues from India where our business started, although we have expanded internationally to offer payment and automation solutions to banks and financial institutions in other Asian countries such as Sri Lanka, Singapore, Cambodia, and Philippines.
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AGS Transact Technologies Ratings
based on 1.1k reviews
Overall Rating
3.0/5
How AmbitionBox ratings work?
5
383
4
221
3
163
2
93
1
249
Category Ratings
3.1
Work-life balance
3.1
Skill development
3.0
Company culture
3.0
Work satisfaction
2.9
Job security
2.5
Salary
2.4
Promotions
AGS Transact Technologies is rated 3.0 out of 5 stars on AmbitionBox, based on 1.1k company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at AGS Transact Technologies
based on 1k reviews
3.4
Rated by 98 Women
Rated 3.6 for Work-life balance and 3.6 for Company culture
2.9
Rated by 945 Men
Rated 3.1 for Skill development and 3.0 for Work-life balance
Work Policy at AGS Transact Technologies
based on 178 reviews in last 6 months
Work from office
61%
Hybrid
31%
Permanent work from home
8%
AGS Transact Technologies Reviews
Top mentions in AGS Transact Technologies Reviews
+ 5 more
Compare AGS Transact Technologies with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.0/5 based on 1.1k reviews | 3.0/5 based on 2.4k reviews | 2.9/5 based on 1.4k reviews | 4.0/5 based on 1.6k reviews |
Highly Rated for | No highly rated category | No highly rated category | No highly rated category | Work-life balance Salary Job security |
Critically Rated for | Promotions Salary Job security | Promotions Company culture Work satisfaction | Job security Work satisfaction Work-life balance | No critically rated category |
Primary Work Policy | Work from office 61% employees reported | Work from office 88% employees reported | Work from office 93% employees reported | Permanent work from home 51% employees reported |
Rating by Women Employees | 3.4 Average rated by 98 women | 3.0 Average rated by 590 women | 2.9 Poor rated by 340 women | 3.8 Good rated by 437 women |
Rating by Men Employees | 2.9 Poor rated by 945 men | 3.0 Average rated by 1.7k men | 2.8 Poor rated by 938 men | 4.0 Good rated by 1k men |
Job security | 2.9 Poor | 2.9 Poor | 2.3 Poor | 3.8 Good |
View more
AGS Transact Technologies Salaries
AGS Transact Technologies salaries have received with an average score of 2.5 out of 5 by 1.1k employees.
Engineer- Customer Support
(120 salaries)
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₹1.5 L/yr - ₹4.7 L/yr
Executive Engineer
(75 salaries)
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₹1.6 L/yr - ₹4.5 L/yr
Deputy Manager
(73 salaries)
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₹4 L/yr - ₹12 L/yr
Desktop Support Engineer
(57 salaries)
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₹1.5 L/yr - ₹3.3 L/yr
MIS Executive
(51 salaries)
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₹1.7 L/yr - ₹4 L/yr
Help Desk Executive
(49 salaries)
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₹1.5 L/yr - ₹2.4 L/yr
Service Engineer
(49 salaries)
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₹1.8 L/yr - ₹3.9 L/yr
IT Executive
(48 salaries)
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₹1.7 L/yr - ₹3.5 L/yr
Technical Support Engineer
(43 salaries)
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₹1.7 L/yr - ₹5 L/yr
Reconciliation Executive
(37 salaries)
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₹1.8 L/yr - ₹4 L/yr
AGS Transact Technologies Jobs
Popular Designations AGS Transact Technologies Hires for
Engineer- Customer Support
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Legal Executive
Create job alerts
Reconciliation Executive
Create job alerts
Back Office Executive
Create job alerts
Company Secretary
Create job alerts
Logistic Coordinator
Create job alerts
ATM Monitoring Executive
Create job alerts
Chairman & Managing Director
Create job alerts
Assistant Vice President Legal
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AGS Transact Technologies News
NDTV Profit Pulse on March 28—Top 8 Stories At 8 P.M. Under 8 Minutes
- The top stories for today include the National Stock Exchange responding to SEBI on IPO approval, banks rushing to replace AGS Transact as an ATM service provider, fiscal deficit nearing annual target, Nifty and Sensex ending the monthly losing streak with gains.
Bloomberg Quint | 28 Mar, 2025
ATM Crisis: Lenders Scramble To Replace AGS Transact Amid Financial Woes
- India's largest banks are facing challenges as AGS Transact Technologies, a key ATM service provider, grapples with financial instability.
- State Bank of India and Union Bank of India are swiftly shifting ATMs to other providers due to AGS Transact's financial crisis causing concerns about meeting obligations.
- AGS Transact is struggling with defaults, outstanding dues, employee salaries, and payments to ATM property owners, totaling Rs 726 crore.
- RBI held meetings with banks using AGS services, prompting banks like SBI and Union Bank of India to migrate to different vendors for ATM operations.
- SBI has already transitioned over half of its 7,000 ATMs managed by AGS, aiming to complete the transfer of 2,000 machines by March 31.
- India recorded 2.57 lakh ATMs in January, with about 35,000 affected by AGS Transact's financial crisis.
- Apart from SBI and Union Bank of India, other major banks like HDFC, Axis, ICICI, Kotak, YES Bank, and India Post Payments Bank faced similar disruptions.
- Transition costs may have been lower for banks that shifted to new service providers last year, as higher fees are now being charged due to the industry's current situation.
- AGS Transact Executive Director mentioned that public sector banks have been reducing their reliance on AGS since September, leading to a decline in the total number of ATMs managed by AGS.
- AGS Transact has transferred approximately 50% of its ATMs to banks and other service providers to minimize disruptions, according to a media statement.
Bloomberg Quint | 28 Mar, 2025
Stock Market Today: All You Need To Know Before Going Into Trade On March 20
- The NSE Nifty 50 ended 0.32% higher at 22,907.60, while the BSE Sensex closed 0.2% up at 75,449.05 on Wednesday.
- Benchmark stock indices ended higher for the third consecutive day ahead of the US Federal Reserve's monetary policy decision.
- Foreign portfolio investors turned net sellers of Indian equities on Wednesday, offloading stocks worth Rs 1,096.5 crore.
- Domestic institutional investors remained net buyers for the 29th straight session, purchasing equities worth Rs 2,140.8 crore.
- Stocks to watch include companies like Hyundai Motor India, Wipro, Indian Overseas Bank, Avenue Supermarts, NHPC, and more.
- F&O cues indicate Nifty March futures went up by 0.32% at a premium of 61 points, with open interest down by 1.91%.
- Currency update: The rupee ended 13 paise higher at 86.44 against the US Dollar, extending its gaining streak for the fifth consecutive session.
- Insider trades included actions by companies like Pidilite Industries, Texmaco Infrastructure & Holdings, Westlife Foodworld, JB Chemicals, and more.
- Bulk/block deals involved transactions by companies like VL E Governance & IT Solutions, SBFC Finance, Mahindra Lifespace, AGS Transact, and AVG Logistics.
- Overall, the market showed positive momentum with various companies making strategic announcements and investors keeping an eye on global cues for further trading decisions.
Bloomberg Quint | 20 Mar, 2025
ATM operator AGS Transact says taking steps to address liquidity concerns
- ATM operator AGS Transact is taking steps to address liquidity concerns.
- The company is in discussions with lenders to restructure loans and reviewing options to sell stake in subsidiaries for improving cash flow.
- AGS Transact attributed its liquidity challenges to delay in trade receivables realization and operational difficulties.
- The company's shares have significantly dropped due to fall in revenues and delays in receivables affecting liquidity position.
HinduBusinessLine | 17 Feb, 2025
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AGS Transact Technologies FAQs
When was AGS Transact Technologies founded?
AGS Transact Technologies was founded in 2002. The company has been operating for 23 years primarily in the FinTech sector.
Where is the AGS Transact Technologies headquarters located?
AGS Transact Technologies is headquartered in Mumbai.
How many employees does AGS Transact Technologies have in India?
AGS Transact Technologies currently has more than 1,100+ employees in India. Customer Success, Service & Operations department appears to have the highest employee count in AGS Transact Technologies based on the number of reviews submitted on AmbitionBox.
Does AGS Transact Technologies have good work-life balance?
AGS Transact Technologies has a work-life balance rating of 3.1 out of 5 based on 1,100+ employee reviews on AmbitionBox. 46% employees rated AGS Transact Technologies 3 or below, while 54% employees rated it 4 or above for work-life balance. This rating suggests that while some employees recognize efforts towards work-life balance, there is scope for improvement based on employee feedback. We encourage you to read AGS Transact Technologies work-life balance reviews for more details
Is AGS Transact Technologies good for career growth?
Career growth at AGS Transact Technologies is rated as poor, with a promotions and appraisal rating of 2.4. 46% employees rated AGS Transact Technologies 3 or below on promotions/appraisal. This rating reflects a negative sentiment among employees for career growth. We recommend reading AGS Transact Technologies promotions/appraisals reviews for more detailed insights.
What are the cons of working in AGS Transact Technologies?
Working at AGS Transact Technologies does have some drawbacks that potential employees should consider. The company is poorly rated for promotions / appraisal, salary & benefits and job security, based on 1,100+ employee reviews on AmbitionBox.
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