CMS Info Systems shares surged nearly 10% to hit an intraday high of ₹319 on the NSE following the announcement of the major contract win. As per Upstox, the stock buzzed in trade after the company secured the integrated ATM managed services outsourcing mandate from HDFC Bank. This represents a significant market response to the substantial new business acquisition, with investors responding positively to the company's expansion in the private banking sector.
CMS Info Systems has secured a significant ₹400 crore order from HDFC Bank to manage 6,000 ATMs for the next five years. According to reports from The Economic Times, this represents an integrated ATM managed services outsourcing mandate that will help the company increase revenues from private sector banks to 30 per cent by the end of FY27 from the current 25 per cent. The deal was announced on Sunday and includes advanced solutions such as currency forecasting, logistics, and AI technology. The contract was officially disclosed to BSE and NSE on May 10, 2026, under Regulation 30 of the SEBI Listing Regulations, with the announcement made via a media release signed by Company Secretary Debashis Dey.
As reported by The Economic Times, this contract follows recent large deals with other major banks, including an ₹1,000 crore contract from SBI and an expanded partnership with ICICI Bank in the last fiscal. The company's Chief Business Officer, Anush Raghavan, emphasized that these strategic partnerships demonstrate CMS Info Systems' growing presence in the private sector banking segment. HDFC Bank currently operates a network of over 21,000 ATMs as of March 2026, making this a substantial portion of their ATM infrastructure. This latest win positions CMS Info Systems to potentially secure similar large-scale ATM managed services deals from other major private or public sector banks in the near term.
According to the official statement reported by The Economic Times, the integrated ATM managed services outsourcing mandate includes comprehensive solutions beyond basic ATM management. The contract encompasses currency forecasting and logistics services along with AI-based solutions, positioning CMS Info Systems to provide advanced technology-driven services to HDFC Bank. As per Upstox, the company's Vision AI solution, HAWKAI, is also part of the offering. The company recently acquired the ATM Managed Services business of Financial Software and Systems (FSS) for a purchase consideration of up to ₹115 crore in March, which is expected to close in Q1FY27. This acquisition grows the managed services portfolio from around 31,000 to 39,000 units, distinct from the around 68,000 machines CMS services through its currency logistics operations.
The company's ATM Management Solutions business generated around ₹1,300 crore in FY25 services revenue with an 11% CAGR outlook through FY30. In Q3FY26, CMS Info Systems posted 6% YoY growth in revenue at ₹618 crore compared to ₹581 crore in the same period last year. However, the EBITDA for the quarter plunged 13% YoY to ₹158 crore compared to ₹182 crore, with EBITDA margin contracting to 25.6% vs 31.3% in the same period last year. This substantial mandate from HDFC Bank, India's largest private sector bank, represents a strong endorsement of CMS Info Systems' platform and proven execution capabilities, positioning the company in a competitive environment with global providers like NCR Corporation and Diebold Nixdorf offering ATM managed services in India.
