Seshaasai Technologies Ltd

Incorporated in 1993, Seshaasai Technologies Limited is a technology-driven, multi-location solutions provider, specializing in payment solutions, as well as communications and fulfilment services, primarily catering to the banking, financial services, and insurance (BFSI) industry.The company offers scalable, recurring solutions through proprietary platforms, enabling BFSI sector operations in India. Additionally, it provides IoT solutions to a diverse range of customers across various industries.The company offers a customized portfolio of services through 24 self-sustaining manufacturing units across seven locations in India, equipped with advanced machinery, raw materials, and skilled workforce to meet local requirements.The company’s units are certified by global payment schemes, NPCI, PCI, and IBA for payment card production, data security, and cheque manufacturing, ensuring compliance with IT, cyber, and physical security standards.Business Operation:Payment Solutions: The company offers payment instruments like debit, credit, prepaid, and transit cards, wearables, merchant QRs, cheques, and secured transaction stationery to banks, fintech, and other issuers in the public and private sectors.Communication and Fulfilment Solutions: The company offers omni-channel communication solutions via its Rubic platform, providing print and digital services for banks, insurance companies, AMCs, depositories, and financial institutions, including account statements, compliance communication, and customer requests in physical or digital formats.IoT Solutions: The company offers IoT-powered RFID and NFC solutions, including passive RFID tags, labels, and readers, to optimize supply chain management, product authenticity, and real-time data across industries like retail, manufacturing, and logistics.Technology Platforms:RUBIC: RUBIC is a data processing platform that personalizes outputs, integrates with systems, and supports secure communication and IoT solutions.eTaTrak: eTaTrak is an AI-powered logistics solution that tracks deliveries in real-time, ensuring accurate billing and enhanced service delivery.IOMS: IOMS is a web-based order and inventory management platform, streamlining ordering processes and reducing costs by consolidating transactions.As of June 30, 2025,the company had 862 permanent employees.Competitive Strengths:Established Leadership Position in the Large and Regulated Payment Solutions Industry with High Barriers to EntryLong Standing Relationships with a Large Customer BaseComprehensive Portfolio of Customizable and Scalable SolutionsProprietary Technology Stack Enabling Bespoke SolutionsPan-India Advanced Manufacturing CapabilitiesTrack Record of Healthy Financial PerformanceExperienced Promoters and Senior Management Team backed by Committed Employee Base.

Seshaasai Technologies Ltd proposes to utilise the net proceeds from the Issue for the following objects: