AGS Securevalue sets up state-of-the-art cash vault facility in Bengaluru

Hyderabad: Securevalue India Ltd. (SVIL), wholly-owned cash management subsidiary of AGS Transact Technologies Limited, has set up a new cash vault facility in Bengaluru. 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 top-notch security features, including 24x7 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, according to a media release here.

Commenting on the development, Shailesh Shetty, Managing Director, Securevalue India limited said, “The new state-of-the-art cash vault facility is significant for the cash management operations.

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 and 400 spoke locations, and 2,370 secure cash vans.