The writing was on the wall for AGS Transact's collapse

AGS Transact Technologies , the second-largest ATM servicing and cash management player, finds itself in a disastrous free fall. The company has seen its market value obliterated—plunging from over Rs 1,300 crore in September 2024 to a paltry Rs 90 crore today. While the scale of the drop is shocking, anyone paying attention to the signs could have seen this disaster coming from a mile away.