| Payment Solutions | Manufacture and supply of payment instruments on Indian and global schemes, merchant QR codes for UPI payments | High entry barriers via certifications, proprietary tech, scale, and trusted relationships | B2B with PSU, private banks and fintech clients | Metal cards and premium card offerings | 1000 | 65 | Sales of payment cards and digital payment solutions to banks and fintechs | Direct sales contracts and multiyear supply agreements | Rising digital payments adoption, bank premium card segment growth, government financial inclusion schemes | Metal Cards, Wood Cards, Prepaid Cards, Debit & Credit Cards, Mass Transit Cards |
| Communication and Fulfilment Solutions | Print, email, SMS communications, customized account statements, insurance documents, direct mailers | Compliance certifications, large client network, technology-enabled automation | B2B BFSI sector including banks and insurers | Digital and secure communications segments | 500 | 30 | Service contracts, volume-based billing for communication fulfillment to BFSI branches and offices | Recurring contracts with usage or volume billing | Regulatory compliance, data privacy laws, preference for integrated vendor solutions | Secure Omni-channel Communication, Print and Digital Document Services |
| IoT Solutions | Design, manufacture, firmware customization of RFID devices, IoT middleware platform, data loggers, RFID-based automation | In-house R&D, patent portfolio, scalable manufacturing, end-to-end tech stack integration | B2B across retail, logistics, manufacturing, healthcare | Proprietary platforms and value-added services | 100 | 5 | Product sales, platform subscriptions, integration services | Combination of product sales and recurring platform license fees | Growing RFID adoption in retail and supply chain, Digital Product Passport regulations, AI-enabled analytics | RFID Tags (Passive & Active), RFID Hardware (Tunnels, Cabinets, Kiosks), izeIoT Platform |
