Manipal Payment and Identity Solutions Ltd (MPISL), a part of the Manipal Group, is a leading provider of secure payment and identity solutions in India, offering products like banking cards, smart cards, and government ID solutions. The company operates on a B2B model, delivering end-to-end services including payment card manufacturing, Aadhaar and PAN card solutions, transit cards, and personalization services like chip encoding and secure distribution. It serves major clients such as top banks, government agencies, fintech companies, and metro systems, making it a preferred partner across sectors. With advanced manufacturing facilities in Karnataka and certifications from global players like Visa, Mastercard, and RuPay, MPISL ensures high-quality and secure production. The company is also preparing for a potential IPO to raise around ₹1,200 crore, backed by a strong order book and the long-standing reputation of the Manipal Group.