Shares of CMS Info Systems experienced significant upward movement on Wednesday, January 7, rising as much as 8% from intraday lows following the company's announcement of securing a major contract from State Bank of India. The stock was trading at ₹354.10 as of 11:25 am, still 3.60% up from the opening price. Earlier in the session, the stock had risen as much as 6.78% to ₹365 per unit on the National Stock Exchange (NSE). Latest data shows the stock was trading 4.13% up at ₹355.80 apiece on the BSE during Wednesday morning, against a 0.09% correction on the benchmark.
In a regulatory filing dated January 7, CMS Info Systems announced it has secured a ₹1,000 crore, 10-year contract from State Bank of India for integrated cash solutions. This represents the first large direct cash outsourcing contract of this scale awarded by a PSU bank, covering approximately 5,000 bank-owned ATMs across India. The contract is scheduled to go live in January 2026. According to the company, the contract starting January 1 will include managed services aimed at improving cash efficiency and delivering higher ATM uptime to benefit millions of bank customers.
The project encompasses managed services aimed at enhancing cash efficiency and delivering higher automated teller machine (ATM) uptime to benefit bank customers. According to the company's regulatory filing, the comprehensive service agreement will cover operational management of the extensive ATM network, representing a significant expansion of CMS Info Systems' operations in the banking services sector. Chief Business Officer Anush Raghavan noted that a large part of India's ATM channel was disrupted in 2025, and CMS helped stabilise ATM operations for many banks, positioning the company as a key player in banking infrastructure management.
The contract is expected to deliver significant financial benefits for CMS Info Systems. Chief Business Officer Anush Raghavan stated that the landmark contract will deliver an incremental revenue of around ₹500 crore over its tenure. He emphasized that this long-term contract will provide stability and high-quality services to millions of consumers with seamless self-service banking operations. The substantial revenue potential underscores the strategic importance of this partnership for the company's growth trajectory.
The contract strengthens CMS Info Systems' long-standing relationship with SBI, building on earlier engagements that included large and complex projects such as multi-vendor software solutions, vision AI deployments and ATM managed services. The deal demonstrates the company's capability to handle large-scale banking infrastructure projects and establishes a strong foundation for future growth in the financial services sector. This partnership positions CMS Info Systems to capture a substantial share of the banking infrastructure management market through its strategic alliance with India's largest public sector bank.
