Bengaluru, June 13, 2024: Wholly-owned cash management subsidiary of AGS Transact Technologies Limited (BSE: 543451 & NSE: AGSTRA), Securevalue India Ltd. (SVIL), has set up a new cash vault facility in Bengaluru, Karnataka. This state-of-the-art facility will offer world class cash processing and vault services. The addition of this new cash vault facility is expected to further enhance company’s cash management operations across Karnataka.
SVIL’s new cash vault facility is spread over an area of 14,000 square feet. It is equipped with topnotch security features, including 24×7 CCTV monitoring, intrusion systems with motion sensors, fire alarm systems, interlocking systems and other advanced access control systems to ensure highest level of security for the stored cash.
Commenting on the development, Shailesh Shetty, Managing Director, Securevalue India Limited said, “The new state-of-the-art cash vault facility in Bengaluru is significant for the cash management operations at Securevalue India. Our focus is on optimising route operations and other processes to maximise growth, revenue, and profit margins. This facility will enable us to provide best-in-class cash-in-transit services with higher operational efficiency and security. Furthermore, its strategic location will offer us a competitive advantage.”
Securevalue India Limited is the second-largest cash management company in India. As of March 31, 2024, SVIL services 38,418 ATMs/CRMs across 1,800+ locations in India and has an expansive infrastructure of 47 vaults & 400+ spoke locations, and 2,370+ secure cash vans.