Manipal Payment & Identity Solutions IPO

Company Name: Manipal Payment & Identity Solutions Limited

Industry / Sector: Non-Banking Financial Company (NBFC) / Payment & Identity Solutions

Founded Year: 2008

Promoters: Tonse Gautham Pai, T. Satish U. Pai, Sandhya S. Pai, Manipal Technologies Ltd., Manipal Media Network Ltd., Tridevitha Consultancy Services Pvt. Ltd., Tridevita Family Trust 2017

Manipal Payment & Identity Solutions Limited is part of The Manipal Group. The Company provides payment solutions, identification solutions, secure solutions, and smart tagging and Internet of Things (IoT) solutions to banks, fintechs, non-banking finance companies and governments across domestic and international markets. Its payment solutions include payment cards, cheque solutions, Near-Field Communication (NFC)/Quick Response (QR) codes, payment-enabled wearables and digital automation solutions. Its identification solutions include driving licences, registration certificates, national identity cards and transit management solutions. Its secure solutions include secure logistics, personalisation of insurance policies, premium notices, renewal letters and marketing collaterals, as well as tamper-evident envelopes, holograms and coated products. The Company also provides smart tagging and IoT solutions and operates a coated products business. In Fiscal 2026, the Company served over 300 customers across domestic and international markets. Its payment card business served over 105 customers, including 18 private banks, 9 public sector banks, 10 small finance banks, 13 co-operative banks and 34 fintech companies. As of March 31, 2026, the Company had 1,809 permanent employees and 1,509 contracted employees.