Archive · 25 Nov 2025
Federal Card Services Expands India Operations
Federal Card Services (FCS) is a big company that makes special payment cards.
They are planning to grow their business in India.
They will open a new factory in Pune by the first part of next year and hire about 300-400 people to start.
They also plan to open an office in Mumbai between October and December next year.
FCS will make 2 million cards next year, with 10% for India and the rest for other countries.
They want to make up to 25 million cards in India and sell them all over the world except the US.
They already work with big banks and card companies in India and want to work with more.
Over time, they plan to have 1,000 employees in India.
Federal Card Services (FCS) plans to expand its business in India with a new manufacturing facility in Pune operational by Q1 2026.
The company will invest $250 million in India and aims to open an office in Mumbai by the end of 2026.
FCS will initially hire 300-400 employees and plans to increase the headcount to 1,000 over time.
The Pune facility will produce 2 million cards annually, with 10% for the domestic market and 90% for international markets.
FCS currently partners with Axis Bank, VISA, Mastercard, and FPL Technologies (OneCard) in India and is approaching other banks for collaboration.
- Who
- Federal Card Services (FCS)
- What
- Expansion of business operations in India
- When
- Office in Mumbai by end of 2026, Pune facility operational in Q1 2026
- Where
- Pune (manufacturing), Mumbai (office)
- Why
- To increase market presence and production capacity
- Company
- Federal Card Services (FCS)
- Manufacturing Facility
- Pune
- Office Location
- Mumbai
- Initial Hiring
- 300-400 employees
- Projected Growth
- 25 million units annually
- Current Partners
- Axis Bank, VISA, Mastercard, FPL Technologies (OneCard)