Seshaasai Technologies Ltd. is a leading technology-driven solutions provider focused on delivering payments, communications, and fulfilment solutions, primarily catering to the banking, financial services, and insurance (BFSI) sectors. The company also offers IoT solutions across various industries, with a strong emphasis on data security and compliance. Seshaasai Technologies is one of the top two payment card manufacturers in India, with a market share of 31.9% in fiscal 2025.

Business Segments and Solutions

Seshaasai Technologies operates across three key business verticals:

1. Payment Solutions
Seshaasai offers payment instruments like credit/debit cards, pre-paid cards, cheques, and mass transit cards, along with merchant QR codes, NFC codes, and non-card solutions like wearables and stickers, including “Made in India” metal and biometric cards.

2. Communication and Fulfilment Solutions

The company provides secure omni-channel communication for BFSI clients, including policy documents and utility bills, ensuring efficient delivery and quick turnaround with its inventory management system.

3. IoT Solutions
Seshaasai manufactures RFID tags and labels, offering IoT services such as RFID automation and middleware for industries like retail, logistics, and BFSI, focusing on inventory and warehouse management.

Technology and Innovation

Seshaasai leverages proprietary technology platforms to enhance its solutions. These include:

a) RUBIC: A platform designed to personalize data and generate outputs based on customer needs and business rules.
b) eTaTrak: An AI-powered logistics and deliverables management system that enhances customer satisfaction and reduces costs by integrating logistics partners, production partners, and end-consumers.
c) IOMS: An inventory and order management platform that optimizes backend processes for manufacturing and logistics.

Customer Base and Market Presence

Seshaasai serves a diverse customer base that includes private and public sector banks, insurance companies, depositories, and fintech firms. The company has strong relationships with BFSI clients and has provided services to 10 out of 12 public sector undertaking banks and 15 out of 21 private banks in India as of fiscal 2025.

Competitive Strengths

i) Established Leadership in Payment Solutions: With a market share of 31.9% in credit and debit card issuance, Seshaasai is one of the top two card manufacturers in India.
ii) Comprehensive and Scalable Solutions: The company offers a broad range of customizable, scalable solutions across payments, communications, and IoT for BFSI clients and beyond.
iii) Proprietary Technology Stack: Seshaasai’s technology platforms, including RUBIC, eTaTrak, and IOMS, enable the company to deliver bespoke solutions that drive digital transformation.
iv) Pan-India Manufacturing Capabilities: The company’s 24 manufacturing units across India support the production of a wide variety of payment instruments and RFID solutions, ensuring high-quality, efficient delivery.

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