Headquartered in Bengaluru, Essae Group of Companies commenced its operations in the year 1965. Essae entered into a joint venture with Teraoka Seiko Co. Ltd. Japan in April 1986 to form Essae – Teraoka Pvt. Ltd. CITI-India has subcontracted its Retail hardware requirements to Essae.

Essae – Teraoka are pioneers in manufacturing of Electronic Weighing Systems, POS Systems, Self-service KIOSKS and GPS Clocks in India with production units in Bengaluru and Goa.