CMS Info Systems Secures 5-Year ATM Managed Services Mandate from HDFC Bank
CMS Info Systems Limited, India's leading business services platform, announced that it has been awarded an integrated ATM managed services outsourcing mandate by HDFC Bank, India's largest private sector bank.The contract is set for five years, positioning CMS to deliver comprehensive managed service solutions. These services include currency forecasting and logistics, alongside the utilization of the company’s proprietary Vision AI solution, HAWKAI™.
The mandate secured from HDFC Bank is valued at ₹400 Cr and covers 6,000 ATMs.
Key transaction details from the announcement are summarized below:
| Client Bank | Mandate Type | Duration | Value | Scope |
|---|---|---|---|---|
| HDFC Bank | ATM Managed Services | 5 Years | ₹400 Cr | Across 6,000 ATMs |
Growth Trajectory and Market Position
Anush Raghavan, Chief Business Officer, highlighted the significance of the HDFC Bank win, calling it a "powerful endorsement" of CMS’s platform, technology, pan-India scale, and consistent execution in uptime and compliance.Raghavan pointed out that the company is decisively shaping its growth phase in the ATM Management Solutions platform. He noted that the private bank revenue mix has expanded from 22% in FY25 to 25% in FY26, with the company projected to reach 30% by FY27. This growth is supported by securing landmark mandates, including a recent ₹1,000 Cr mandate from SBI, alongside the HDFC Bank agreement.
Company Overview
CMS Info Systems Limited is an integrated business services company serving banks, financial institutions, organized retail, and e-commerce companies across India. The company operates across three primary business segments: ATM Management Solutions, Retail Solutions & Currency Logistics, and Technology & Payment Solutions.CMS boasts a pan-India network spanning 97% of districts. Its technology capabilities include the HAWKAI Vision AI solution and ALGO MVS ATM software. Listed on the BSE and NSE since December 2021, CMS maintains a focus on disciplined growth, expanding its total addressable market across the banking, financial services, and organized retail sectors.
CMSINFO Stock Price Movement
On Friday, CMS Info Systems Limited shares gained momentum, settling at ₹289.60 following a positive rally of 0.94%. The equity saw significant interest, trading on a volume of 488,924 shares throughout the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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