| Cash Pick-up and Delivery | Daily or on-demand cash collection and deposit services from end-user outlets to client bank accounts. | Wide geographic reach with extensive outlet network and strong client relationships. | B2B clients including banks and retail outlets. | Beat pick-up points serviced daily with consistent volume guarantees. | 2400 | 58 | Fixed monthly fees based on outlet location and daily cash limits. | Fixed monthly charges per point plus variable fees for cash volumes. | Expansion in Tier 2/3 towns and rising outsourcing of cash operations by banks and retailers. | |
| Network Currency Management | Cash deposited in Radiant’s accounts where clients lack branches; funds transferred electronically afterwards. | Integrated technology and process controls enabling efficient cash transfers. | Banks and financial institutions relying on networked cash placement services. | High volume locations with limited bank presence. | 850 | 20 | Variable fees linked to cash deposited amounts. | Volume-linked service charges. | Bank branch expansion constraints in smaller towns; cash volume growth. | |
| Cash Processing | Cash counting, verification, sorting into categories like fit, mutilated, counterfeit notes with trained staff. | Trained personnel and proprietary verification processes increase client trust. | Banks, financial institutions requiring value-added cash processing. | Value-added services with manual verification processes. | 230 | 5 | Fees linked to volume and complexity of cash processing services. | Per transaction or volume-based fees. | Increased currency replacement by RBI and demand for secure cash sorting. | |
| Cash Van Operations | Leasing of armored vans with crew for bulk cash transport between branches and vaults. | Asset-light leased fleet and trained security personnel. | Banks primarily for bulk cash logistics. | Long-term leased vans with full crews for client operations. | 500 | 12 | Fixed monthly leasing fees plus overage charges for extra usage. | Lease with variable excess usage charges. | Rising demand for secure and insured cash transit services. | |
| Technology-Enabled Services and Others | Mobile apps for reconciliation; fintech credit products; bullion logistics via Radiant Valuable Logistics. | Proprietary technology platforms and diversified service portfolio. | Banks, retail clients, fintech users, bullion logistics customers. | Digital credit product and app-based reconciliation services. | 150 | 5 | Subscription and transaction fees for apps; commissions and interest for fintech products. | Subscription, usage-based, and commission models. | Digital banking growth, bullion sector expansion, and fintech adoption. | RADMUS and Radiant Insta Credit |
