Manipal Payment IPOLISTED

anipal Payment and Identity Solutions Limited is a technology-driven provider of payment, identification, secure printing, and smart tagging & IoT solutions serving banks, fintechs, NBFCs, governments, and other customers across India and global markets. The company is part of the Manipal Group, which has a long operating history in secure printing and related solutions.

Business Segments:

• Payment Solutions: Payment cards, cheque solutions, NFC/QR products, smart wearables, and digital automation, including PVC, rPVC, metal, prepaid, gift and meal cards.
• Identification Solutions: Driving licences, vehicle registration certificates, national identity cards, and transit solutions, including over 1 billion paper-based and 12 million+ PVC-based national identity cards billed as of March 31, 2026.
• Secure Solutions: Secure logistics, insurance document personalization, tamper-evident packaging, holograms, and coated products.
• Smart Tagging & IoT Solutions: Excise labels, RFID-based tracking, and anti-counterfeiting solutions.

The company had 344 customers as of March 31, 2026, including private and PSU banks, co-operative banks, small finance banks, fintech companies, and government departments. More than 211 customers had been associated with the company for over five years, highlighting its long-standing customer relationships. For its payment-card business, the company served over 105 customers in Fiscal 2026 and had relationships with 60 fintech companies.

In Fiscal 2026, the company had 118.97 million cards of production capacity and produced 13.54 million credit cards and 72.66 million debit cards, exporting to markets including the UK, Singapore, UAE, South Africa, Bangladesh, Brazil, Nepal and Sri Lanka.

The company operates through 10 facilities across India, covering card manufacturing, personalization, cheque printing, and smart tagging & IoT activities. As of March 31, 2026, it had 1,816 employees, including a 116-member sales and marketing team.