CMS Info Systems has secured a significant ₹400 crore five-year ATM managed services outsourcing mandate from HDFC Bank, according to reports from The Economic Times and CNBC TV18. The contract covers 6,000 ATMs and represents a major expansion of CMS's banking partnership portfolio. As reported by The Economic Times, CMS will provide comprehensive managed service solutions including currency forecasting, cash logistics, and artificial intelligence-led service optimisation. This strategic win incorporates the company's proprietary HAWKAI™ Vision AI solution, marking a significant milestone in CMS's growth strategy and its target to expand its private bank revenue mix to 30% by FY27.
According to CNBC TV18, Anush Raghavan, Chief Business Officer at CMS, highlighted the company's expanding private bank revenue strategy. The company's private bank revenue mix has grown from 22 per cent in FY25 to 25 per cent in FY26, with plans to reach 30 per cent by FY27. As reported by CNBC TV18, Raghavan stated that "with landmark wins now secured at three of India's largest banks, including our recent ₹1,000 crore SBI mandate, CMS is decisively shaping the next phase of growth in ATM management solutions platform and accelerating towards FY27 and FY30 goals." This growth builds on the company's expanded partnership with ICICI Bank and the recent ₹1,000 crore SBI mandate, which significantly bolsters the company's market position.
Shares of CMS Info Systems ended the previous trade session 0.9% up at ₹290.5 apiece, according to CNBC TV18. However, the stock has declined 5.1% in the past month and is down 17.5% this year, so far. The company informed the stock exchanges on Sunday that it has been awarded the integrated ATM managed services outsourcing mandate by HDFC Bank. The latest contract extends CMS's service offerings to include complete ATM services, including cash management and AI-driven optimization, positioning the company as a comprehensive banking technology solutions provider across three business segments: ATM Management Solutions, Retail Solutions & Currency Logistics, and Technology & Payment Solutions.
