| Payment Solutions | Manufacture and supply of secure payment cards and instant issuance kiosks | Strong market leadership, advanced technology, exclusive govt contracts, large-scale manufacturing | B2B, focusing on financial institutions and payment networks | Chip-embedded and metal card segments | 900 | 68 | Sales of cards and value-added services to banks, fintechs, NBFCs | Direct sales and contracts, mostly recurring supply agreements | Increasing digital payments, regulatory mandates for secure cards, product innovation | Rupay metal cards, Chip-embedded cards, Contactless chip cards |
| Identity and Secure Solutions | Manufacture of smart government documents and secure ID solutions | Specialized technology with government approvals, first-mover advantage | Government agencies, transport departments (B2G) | Polycarbonate-based smart cards for government IDs | 300 | 23 | Government tenders and contracts for producing secure identity cards | Contract-based supply agreements | Government digitization programs and secure identification needs | Polycarbonate smart driving licenses, Government ID cards |
| IoT and Smart Tagging Solutions | Internet of Things solutions, smart tagging products for security and tracking | Technological expertise and integration capabilities | Fintech, logistics, manufacturing sectors (B2B) | Custom IoT solution deployments | 130 | 9 | Sales and service contracts | Project-based revenue and recurring services | IoT adoption and smart asset tracking growth | |
