AGS Infotech was set up in 2003 in as a principal distributor for Wincor Nixdorf International GmbH and Postec. The company offers technology-based solutions for the Banking, Petroleum, Retail and Postal sectors.
AGS group of companies has engineered its strength in the automation solutions space. The group was founded in 1992 by Ravi B. Goyal with a team of 4 employees. Today the group turnover is approximately Rs. 340 crores and employee strength of over 600. Poised for larger challenges, AGS thrives on its ability to adapt to dynamic market conditions. AGS has representations in India across 360 locations. AGS has regional offices across India, a manufacturing unit in Daman. (Gujarat) & Stagging centres in Navi Mumbai & Puducherry.
AGS Infotech: AGS Infotech was established in 2003 as a principal distributor for Wincor Nixdorf International GmbH and Postec. The company offers technology- based solutions for the Banking, Petroleum, Retail and Postal sectors.
Advanced Graphic Systems: Advanced Graphic Systems was established in 1992 with the marketing of Computer Aided Textile Designing Systems from Computer Design Inc., USA and soon became the market leader for CAD systems in India. AGS CAD users list includes BTRA, Zodiac, Mantra, and West Coast etc.
AGS Sundyne Technologies Pvt. Ltd.: Established in 2007, AGS Sundyne Technologies Pvt. Ltd. is a new generation enterprise wholly dedicated to offering enterprise class, cutting edge Embedded Technology. AGS Sundyne Technologies is a leader in Thin Client Solutions.
Fillon Technologies Pvt. Ltd.: Fillon Technologies Pvt. Ltd. is as joint venture of Fillon Investments, France and AGS for manufacturing of mixing systems required for automotive industry.
India Transact Services Pvt. Ltd.: ATM Bay: Business centers for ATM deployments where Banks share the infrastructure. There are two channels available ? HIGHSTREET & INMALL. Cash Management Services: India Transact?s Managed services is a partnership approach that leverages global best practices, economies of scale, accumulated vendor experience and knowledge to deliver continuous improvements, operational efficiency and cost reduction for client Banks and other institutions.
Aim / Vision / Mission
To be the leader in transforming touch-points across industries by enabling our customers to deliver quality products and services to their end consumers in a cost-effective manner through the latest in technology.
Awards / Recognition
AGS Infotech’s Newsletter bags Silver at the 49th Annual ABCI awards
AGS Infotech won a silver award in Newsletter category at the 49th Annual awards ceremony of ABCI (Association of Business Communicators of India) held on 19th March, 2010 at the Taj President in Mumbai.
ABCI gives awards every year in various categories of Business Communication. Amit Tandon, AGS Infotech, received the award from M. B. Jayaram, General Manager (Corporate Communications), Karnataka Power Corporation. The Chief guest for the evening was the Governor of Maharashtra, K. Sankaranarayanan & Dr. Subir Gokarn, Dy. Governor, RBI.
The ABCI Annual Awards are designed to promote excellence in all areas of written and visual business communications.
The main objective is to provide a platform for recognising Business Communications and improving professional skills by organising meaningful activities.
Organisations all over India participated in the competition. L&T, Mahindra & Mahindra, Asian Paints, IDBI Bank, Bank of Baroda, RBI, Indian Oil, Crisil, UB Group, Sail, Tata Motors, Tata Chemicals, Union Bank of India were some of the award winners.
AGS emerged a winner from over 565 entries out of which 23 entries were from the Newsletter category.
Year of Establishment
Nature of Business
Posted on: [05-MAY-10]
Happenings / News / Press Coverage
Bank use outsourcing route to scale up ATM network
The Economic Times_14.01.2010
Entry Of MNC Fin Tech Service Providers Paves Way For More Networks
BANKS are increasingly using the outsourcing route to scale up their ATM networks without wearing out their resources. The entry of multinational financial technology service providers, who are keen to be a part of the payment space, has facilitated large investments in ATM network.
Axis Bank is in advanced stages of finalising its outsourcing vendor while others like Central Bank of India have recently signed an agreement. SBI has also adopted this model on some ATMs with different providers. Under this model, the cost of setting up and running the ATM is borne by the service provider while the bank pays a fee for every transaction. Since the bank has the ATM licence and also deploys its cash in the ATMs, it receives a portion of the fees generated by the use of the ATM by customers of third-party banks.
ATM transactions have jumped 40percent after RBI allowed accountholders to access any ATM across the country without any charge for five withdrawals up to Rs 10,000 a month. Since April 2009, the transaction costs are netted out by bankers among themselves with each bank paying for any third-party ATM use by its customer.
Axis Bank, which currently has 4,000 ATMs, had started the process around eight months ago. Vendors who are in the race for the transaction include Tata Communications Banking InfraSolutions, AGS Infotech and Prizm Payments. The bank is likely to take a final decision within the next couple of months. We had to build an entire new model. We also had to ensure that customers are not impacted. Also, we have to ensure that costing is effective. ATMs are an important part of our branding strategy. The move would help the capital expenditure to go down, said a bank official. The bank is likely to go in for a 2-3-year contract. The SBI group, which currently has around 17,000 ATMs, had last year signed an agreement with TCBIL to set up 500 ATMs. Once these ATMs are set up, it plans to issue another tender for setting up of another 1,000 ATMs.
Considering the high capital investment and technology requirement, banks are finding it extremely convenient to partner with financially strong payment services company. With 140 million debit cards issued, banks are finding that the transaction volumes are increasing. From April 1, 2009, there has been nearly 40percent jump in ATM transaction volumes, says B Amrish Rau, country manager of First Data.
Setting up an ATM currently costs around eight lakhs, including the VSAT, interiors, signages, etc. Rental costs would differ from area to area and would range from Rs 5,000 a month in small towns to Rs 50,000 a month in upmarket areas in metros. The total expenditure per ATM would be around Rs 25 lakh over a 5-7 year period. The cost of a bank to set up say around 1,000 ATMs will be at Rs 100 crore.
Central Bank of India has just awarded an outsourcing contract to Financial Software and Systems (FSS) to set up 495 ATMs within the next one year. The bank currently has 400 ATMs, and other than the outsourcing contract, is also looking to set up around 1,000 of its own ATMs too, which will be set up in its own branches. Both the banks are looking at a transaction-based model.