The solid tree, page-49

Yes, there are a good handful of third party providers that offer specific ATM e-surveillance/power management solutions, but how many have existing relationships with over 30 clients for complete end-to-end ATM deployment and management? TSI India do.

Your second link that you posted only highlighted that the company are implementing the solutions at around 10 ATM sites. TSI India have hundreds of their own ATMs already installed with their very very own IP ATM e-surveillance and power management solutions. You do realise that TSI India are now managing 14,000 ATMs for various institutions and that they now have a complete managed service solutions suite that they can potentially offer these institutions?

Let's however keep the focus of this discussion on e-surveillance/power management solutions. Here's what I highlighted in my previous post....

The March 2014 article below highlighted that only a mere ONE PERCENT of the total 160k + ATMs in India (at the time) had or proposed to have e-surveillance systems. Perhaps it is closer to 10% today as ATM numbers are growing at a decent compounded rate year upon year, now just over 200k ATMs throughout India.

http://articles.economictimes.india...crimes-control-room-automated-teller-machines

https://www.rbi.org.in/scripts/ATMView.aspx

So assuming it's at 10% of 200k today, that means that there would only be approximately 20k e-surveillance systems installed and operational at these ATMs throughout the country, leaving approximately 180k ATMs up for grabs for an e-surveillance solution. Note, projected ATM growth across India to reach 400k by 2020. As I mentioned in some of my previous posts, I've only come across a handful of 'ATM specific e-surveillance' players in India, so fingers crossed TSI India is well positioned to capture a large chunk of this enormous market opportunity. So what sets TSI India apart from the other handful of players in this space? The May 2016 Operations Update highlighted that TSI India have developed their own in-house IP for e-surveillance with enhanced features to asset owners, not available in the Indian market today.

Not available in the Indian market today!!

So what could this potentially mean?

In the May 2015 Corporate Presentation below, the company highlighted that they have the potential to target 100+ banks with new leading technology. TSI India's very own in-house IP for e-surveillance/power management would certainly fit in the 'leading technology' category.

http://www.asx.com.au/asxpdf/20150515/pdf/42yl8x4cqbsnp7.pdf

What slice of the current 200k ATM e-surveillance/power management market can TSI India capture is the question. Even a modest 20% of that market would equate to 40k machines with an e-surveillance/power management solution. As you can see banks could realise significant cost savings if such a solution was implemented, which in turn would mean ANOTHER very lucrative business opportunity for TSI India, when you take into account the hypothetical exercise I highlighted above.

Tony