M
Manipal Payment and Identity Solutions
Fintech · India · Founded 2008
End-to-end banking and smart card manufacturing solutions MoreLess
Manipal Payment and Identity Solutions (MPi), previously known as MCT Cards & Technology Private Limited, is a major manufacturer of banking and smart cards in India. Founded in 2008, the company provides end-to-end services to a global client base that includes banks, financial technology companies, and government bodies. MPi is a part of the Manipal Group, which is led by Gautham Pai. The parent company, Manipal Technologies Limited, began in 1941 as Manipal Power Press, a print services provider for banks.
MPi's business model revolves around the complete lifecycle of card services, from design and secure manufacturing to packaging, logistics, and final delivery to the end customer. The company serves over 100 domestic banks and more than 50 global banks and fintechs across regions including the United Kingdom, Europe, the Asia-Pacific, and the Middle East and Africa. Revenue is generated through the provision of these comprehensive card and identity solutions. The firm has received investments from entities such as Amicus Capital India, Bravia Capital, Nuvama Wealth Management, and India SME Investments.
The company's offerings include a wide array of products such as payment cards, smart wearables, cheque solutions, and digital automation. It also provides identification solutions like driving licenses and national IDs, secure solutions including tax stamps and holograms, and smart tagging and IoT solutions. MPi has been noted for its role in the technological transition from magnetic stripe to chip-embedded cards and holds process patents for manufacturing metal cards. Committed to sustainability, the company utilizes eco-friendly materials like recycled PVC in its card production.
Keywords: smart card manufacturing, payment solutions, identity security, banking cards, end-to-end card services, fintech partner, government ID cards, secure printing, card personalization, payment technology, eco-friendly cards, biometric payments, smart wearables, secure logistics, digital automation, IoT solutions, tax stamps, cheque solutions
Company overview
Manipal Payment and Identity Solutions company information
The essential company record, classifications and operating signals in one place.
- Status
- Operational
- Founded
- 2008
- Headquarters
- India
- Employees
- 449
- Open positions
- None listed
- Dealroom signal
- 56.6
Valuation & funding
Manipal Payment and Identity Solutions funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| LATE VC✓Equity / VC | Apr 2025 | $0 | — | Nuvama Wealth | — |
| SERIES B✓Equity / VC | Dec 2024 | $24M | $96M | Undisclosed | — |
Financials
Workforce over time
Available workforce history. Financial fields without reported data are omitted.
| Year | Employees |
|---|---|
| 2026 | 456 |
| 2025 | 170 |
Growth signals
Manipal Payment and Identity Solutions website traffic
Latest recorded traffic for Manipal Payment and Identity Solutions is 2K monthly website visits, up 81.8% over the last three months. Manipal Payment and Identity Solutions's team grew 164.1% over the past year.
Comparisons
Manipal Payment and Identity Solutions compared with similar companies
Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.
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|---|---|---|---|---|---|
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 Automated Transaction DeliveryATM technology and branch automation for financial institutions. |
Riverview, United States | Acquired | |||
 Ironwood PaymentsCustomized credit card and payment processing solutions. |
— | Operational | |||
 CultCreditPlatform monetizing unused credit card limits. |
— | Operational |
Talent graph
Manipal Payment and Identity Solutions's talent
Source: Dealroom Talent Intelligence.
Investors
1 investor on Manipal Payment and Identity Solutions's cap table
Sourced from Dealroom's funding and investor records.
Global footprint
Where Manipal Payment and Identity Solutions has talent and traffic
team presence
In the news
Latest news about Manipal Payment and Identity Solutions
Recent press, funding announcements, and product moves mentioning Manipal Payment and Identity Solutions — open to read from the original sources.
Market sentiment
What the market is saying about Manipal Payment and Identity Solutions
An AI-synthesized read of the highest-engagement posts about Manipal Payment and Identity Solutions on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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