About CMS Info Systems Limited

CMS Info Systems Limited is one of India’s leading business services companies providing logistics and technology solutions to banks, financial institutions, organised retail, and e-commerce firms. Originally known for its cash logistics expertise, CMS has since transformed into a comprehensive business services platform. The company manages end-to-end financial and retail transaction services, bridging the gap between physical payments and banking networks.

As of March 31, 2025, CMS serviced more than 73,000 ATMs, managed 28,000+ ATMs, processed 11 million+ cards annually, and handled `14 lakh crore in gross transaction value, surpassing any fintech in the country.Its services cover 97% of Indian districts, supported by over 27,000 employees. The company operates through six subsidiaries: Securitrans India Private Limited, CMS Securitas Limited, CMS Marshall Limited, Quality Logistics Services Private Limited, Hemabh Technology Private Limited, and CMS Info Foundation.

CMS Info Systems Limited Milestone

Key milestones include transitioning from a pure cash logistics player to a managed services and technology solutions provider, expanding customer segments from banks to NBFCs, insurance, retail, and e-commerce. The brand recently repositioned itself with the promise “Unified Platform. Limitless Possibilities” to reflect its evolution from commerce facilitator to transformation enabler. 

CMS Info Systems Business Segments

The company operates in two primary business segments:

• Cash Logistics – This includes ATM cash management, retail cash management, and cash-in-transit services. In FY25, CMS handled its highest-ever annual cash volumes of `14 trillion, with business points increasing from 1,37,000 in FY24 to 1,50,000 in FY25, reflecting a 10% rise.

• Managed Services and Technology – This encompasses banking automation, brown-label ATMs, card personalisation, ALGO software solutions, HAWKAI Vision AI surveillance, Retail 360 digitisation, and other automation platforms. This segment contributed 40% of revenues, positioning CMS among the top three players in India.

Revenue contribution (FY25 consolidated): ATM Cash 13%, Retail Cash 7%, Cash-in-Transit 10%, Managed Solutions 16%, Transaction-linked Brown Label ATMs 12%, Automation 7%, and RMS & Software 39%

CMS Info Systems Key Management

• Rajiv Kaul – Executive Vice Chairman & CEO

• Pankaj Khandelwal – President & CFO

• Anush Raghavan – Chief Business Officer

• Puneet Bhirani – Chief Operations Officer

• Rajeev Bhatia – Chief Information Officer

• Mrydul Vats – SVP – Sales

• Sanjay Singh – Chief Human Resources Officer

• Vijay Iyer – SVP – Cash Management Solutions

• Manjunath Rao – Advisor – Managed Services

The Board is chaired by Shyamala Gopinath, former RBI Deputy Governor.

Latest Updates on CMS Info Systems

• Market share gains: 200 basis points in Cash Logistics and ranking #3 in Managed Services.

• Expansion into Quick Commerce and EV infrastructure through Vision AI solutions.

• A complex reorganisation unifying 27,000+ employees under single leadership for customer centricity.

• Recognition: Ranked #22 in Fortune India’s 100 Emerging Stars and CFO Pankaj Khandelwal awarded “Best CFO – Medium Enterprises” by Financial Express.

• Declassification of Sion Investment Holdings Pte. Ltd. as promoter following complete shareholding exit in 2024.