Incorporated in 2008 and headquartered at Manipal, Karnataka, Manipal Payment and Identity Solutions Limited ("MPISL") is part of The Manipal Group and supplies payment solutions, identification solutions, secure solutions and smart tagging and IoT solutions to banks, fintechs, NBFCs and governments. It was among the largest manufacturers of payment cards globally and in India in FY26, with an estimated 36.4% share of credit card issuance and 30.9% of debit card issuance in India, having billed 13.54mn credit cards and 72.66mn debit cards (F&S). Operations run from 10 facilities across 11 cities, including 14 personalisation bureaus and five cheque printing facilities. Revenue compounded at only...