Seshaasai Technologies was originally incorporated as ‘Seshasai Business Forms Private Limited’ at Mumbai as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated September 17, 1993, by the Registrar of Companies, Maharashtra at Mumbai (RoC). Pursuant to the Scheme of Arrangement approved by the National Company Law Tribunal vide order dated February 8, 2024 (Scheme of Arrangement), the company was converted from a private limited company to a public limited company and consequent upon conversion, the name of the company was changed to ‘Seshaasai Business Forms Limited’ and a certificate of change of name dated October 14, 2024, was issued by the RoC. The name of the company was further changed to ‘Seshaasai Technologies Limited’ as part of the corporate rebranding of the company to reflect the principal business being undertaken by the company in terms of the Scheme of Arrangement, and a fresh certificate of incorporation consequent upon change of name was issued to the company by the RoC on November 25, 2024.

It is a technology driven multi-location solutions provider focussed on offering payments solutions, and communications and fulfilment solutions catering primarily to the banking, financial services and insurance (BFSI) industry, with data security, and compliance at the core of its solutions. Solutions, that it offers at scale and on a recurring basis driven by its proprietary platforms, play a crucial role in enabling the operations and deliverables of the BFSI sector in India. It also offers Internet of Things (IoT) solutions to a diverse set of customers across industries. 

Its business verticals comprise Payment Solutions, Communication and Fulfilment Solutions and IoT solutions. Under payment solutions, it offers a range of payment enabling instruments such as, debit cards, credit cards, pre-paid cards, mass transit cards and cheques. Under communications and fulfilment solutions, it offers secured omni-channel communication solutions such as print, interactive portable document format sent via email and text messages. Its IoT Solutions encompass a comprehensive range of radio frequency identification enabled offerings and IoT ecosystem services.

Also, it offers a range of payment enabling instruments on Indian and well recognized global payment schemes such as, debit cards, credit cards, pre-paid cards, mass transit cards and cheques. As part of its offerings, it designs and develops these instruments and securely embeds customers data onto them and send to end customers, either individually or packaged into specialised kits. Its patented QR technology helps to enhance security of instruments manufactured by it.

Business area of the company

The company is a technology driven multi-location solutions provider offering payments solutions, communications and fulfilment solutions and IoT solutions. It is primarily catering to the banking, financial services and insurance (BFSI) industry, with data security, and compliance at the core of its solutions. 

Business verticals of the company

• Payment Solutions
• Communication and Fulfilment Solutions
• IoT solutions

Awards and accreditations

• 2021: Best Tech brand in the BFSI Sector by Economic Times 
• 2021: Leader in the Customer Communication Management (CCM) space by Asia One 
• 2022: One of the Best Tech Brand in the BFSI Sector by Economic Times 
• 2023: One of the Best Tech Brands by ET Edge 
• 2024: One of the Best Tech Brands by ET Edge

History and milestones

• 1993: Incorporation of the company 
• 1995: Received RBI Permit for Security printing 
• 2001: First personalized cheque book printed for a large private sector bank in India 
• 2001: Started printing bank statements 
• 2001: Seshaasai e-forms incorporated 
• 2002: Started its first unit outside Navi Mumbai, in Velacherry, Chennai 
• 2002: Chennai unit received IBA License for printing security instruments 
• 2003 Started printing insurance statements, welcome kits and data entry 
• 2005: Started its unit at Okhla, Delhi 
• 2006: Delhi unit received IBA License for printing security instruments 
• 2007: Started its unit at GF 1, Peenya Stage 1, Bengaluru 
• 2007: Its Bengaluru unit (GF 1, Peenya Stage 1) received IBA Licence for printing Security instruments 
• 2009: Started Telecom bill printing activity 
• 2009: Bagged first big Government Project for GOI - ICR Scannable schedules with Variable and Barcode printing, census of India 2011 
• 2009: Started Kundli and Kolkata units 
• 2010: Kolkata unit received IBA Licence for printing security instruments 
• 2012: Awarded UIDAI order for printing of Aadhar Cards 
• 2015: Set up Card units for Rupay and two Global Payment Schemes at Mumbai 
• 2016: Kundli unit received IBA Licence for printing security instruments 
• 2018: First certified bureau in India to receive NPCI approval for Smart City - Common mobility cards for transit 
• 2019: Approval for Fast Tags - ETC Toll Tag 
• 2019: Manufacture of personalised Chip cards 
• 2019: Set up the RFID unit at Bengaluru 
• 2019: Started Nagpur unit 
• 2021: Developed smart wearables as an alternative for payments and launched the Rupay On-the-Go for making contactless payments using everyday wearables 
• 2021: Set up the chip bonding facility at Mumbai 
• 2022: Nagpur unit received IBA Licence for printing Security instruments 
• 2023: Expanded the RFID facility to new facility at Bengaluru and Kundli 
• 2023: Setup specialty cards (Metal, Biometric) manufacturing at Bengaluru 
• 2024: Scheme of Arrangement entered into by and amongst the company, Seshaasai E-Forms Private Limited, Qupod Technovations Private Limited and their respective shareholders and creditors 
• 2025: Acquisition of Atoll Solutions Private Limited