Giesecke+Devrient supplies banknote processing systems, SIM cards, payment cards and identity cards in India. It runs a smart card production plant in Noida and has its Indian head office in Gurugram.
Ownership and structure
G+D operates in India through its wholly owned subsidiary Giesecke & Devrient India Private Limited, set up in 2001 with its head office in Gurgaon.
What India does for Giesecke+Devrient
India is a market for G+D's banknote processing and card products, a manufacturing base whose Noida plant exports cards to other Asian countries, and an R&D base in Pune that serves global clients.
Investment and deals
In 2018 G+D planned to invest up to US$10 million in its India operations over two years, mainly in talent and technology.
Giesecke+Devrient's India business
G+D made its first banknote processing system sales in India in 1997. Its Indian subsidiary was established in 2001.
In 2006 it opened a smart card plant in Noida designed for more than 40 million cards a year. The Noida plant produces SIM, payment and ID cards and exports to other Asian countries.
Key moves in India
- 1997: G+D made its first sales of banknote processing systems in India.
- 2001: Giesecke & Devrient India Pvt Ltd was established with its head office in Gurgaon.
- 2006: In August G+D opened a smart card plant in Noida designed for more than 40 million cards a year.
- 2008: G+D set up its R&D centre in Pune, which had 500 staff by 2018.
Where it operates
Giesecke+Devrient runs its India business from Gurugram. It also has a presence in Noida and Pune.
At a glance
- Home country: Germany
- Global headquarters: Munich
- Sector: Cybersecurity & Digital Risk
- Business: Digital identity and payment security
- Role of India: Sales market, Manufacturing base, Export base, R&D and engineering hub
- India entity: Giesecke & Devrient India Private Limited
- India head office: Gurugram
- India offices: Gurugram, Noida, Pune
- India headcount: Not available
- In India since: 2001
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