German security technology major Giesecke+Devrient (G+D) has announced plans to invest ₹1,100 crore (approximately €100 million) in India in 2026, reinforcing its long-term commitment to one of the world’s fastest-growing digital economies. The company is also evaluating acquisition opportunities in India’s fintech and digital security sectors as it seeks to expand its presence in areas such as secure payments, digital identity, cybersecurity and digital infrastructure.
The planned investment was outlined by G+D Group CEO and Chairman of the Management Board, Ralf Wintergerst, who said India is increasingly becoming a strategic pillar of the company’s global growth plans, serving not only as a key market but also as a centre for innovation, research and global service delivery.
The fresh capital infusion will be directed towards expanding the company’s shared services operations, information technology capabilities and research and development activities in India. The move reflects G+D’s strategy of strengthening its footprint in high-growth markets while leveraging India’s talent base to support global operations.
India Central to G+D’s Three-Pillar Business Strategy
Founded in Germany more than 170 years ago, G+D has traditionally been associated with banknote printing and currency management technologies. Over the years, however, the company has diversified significantly and now operates across three major business segments: currency technology, digital financial platforms, and cybersecurity and digital security solutions.
India occupies a prominent position across all three verticals. In the currency segment, G+D has maintained a long-standing relationship with the Reserve Bank of India (RBI), supporting initiatives related to currency management systems and the RBI’s clean note policy.
Despite the rapid growth of digital payments in India, Wintergerst believes physical currency will continue to play an important role in the economy.
Highlighting what he described as the “cash paradox,” Wintergerst said, “Digital payments grow, but cash does not disappear.”
According to him, cash continues to serve as an essential backup payment mechanism and remains important in segments of the economy that are not fully integrated into digital systems.
The coexistence of cash and digital payment platforms, he noted, creates opportunities for companies that provide infrastructure for both physical and digital financial ecosystems.
Focus on Digital Identity, Secure Payments and Cybersecurity
Alongside its traditional currency business, G+D is increasing its focus on digital identity, secure payments, connectivity solutions and cybersecurity technologies. The company expects demand for trusted digital infrastructure to accelerate as governments, financial institutions and businesses continue their digital transformation journeys.
India’s expanding fintech ecosystem, growing adoption of connected devices and government-led digital initiatives are seen as key drivers for future growth. The company believes solutions developed in India can also be scaled and deployed across international markets.
The planned acquisition strategy is expected to complement these efforts. By exploring opportunities in fintech and digital security, G+D aims to strengthen its technology portfolio and accelerate innovation in critical areas of the digital economy.
‘Strong Belief in India’s Long-Term Growth Potential’
Commenting on the investment plans, Sachin A., Division Head – Mobile Security India at G+D, said the company’s commitment reflects its confidence in India’s future as a digital powerhouse.
“Giesecke+Devrient planned investment of ₹1,100 crore (~€100 million) in India reflects a strong belief in the country’s long-term potential of growth,” he said.
Highlighting India’s leadership in digital transformation, he added, “As India continues to lead in digital payments, connected devices, digital identity, and secure digital ecosystems, the need for trusted infrastructure becomes increasingly important.”
Sachin noted that India’s development path is distinctive because digital adoption and traditional systems continue to evolve simultaneously.
“What makes India’s journey unique is that digital adoption and traditional systems continue to evolve together. The same market that is pioneering digital payments also requires resilient currency management, secure identities, trusted connectivity, and cybersecurity at scale,” he said.
Reiterating the company’s broader mission, he added: “At G+D, our vision is to create confidence in the digital age. From secure payments and digital identity to connectivity and critical infrastructure, we are committed to supporting India’s ambition of becoming a global digital powerhouse.”
Looking ahead, he emphasized the growing importance of secure digital infrastructure in an increasingly connected world.
“The future will be defined not just by how connected we are, but by how securely and reliably those connections are built. India’s next decade presents immense opportunities, and G+D is proud to deepen its commitment to this journey,” he said.
India Emerges as Key Growth Market
With its planned ₹1,100 crore investment in 2026, expanded local capabilities and potential acquisitions in fintech and cybersecurity, G+D is positioning India as a major pillar of its global strategy. The move underscores growing international confidence in India’s digital economy and highlights the country’s increasing role in shaping the future of secure payments, digital identity, connectivity and cybersecurity solutions worldwide.
