How Does CMS Info Systems Company Work?

CMS Info Systems manages end-to-end cash logistics, including ATM replenishment and cash-in-transit services. The company supports over 150,000 business points nationwide, utilizing a fleet of more than 4,000 cash vans and a network of 240 branches.

This segment involves the sale, deployment, and maintenance of ATMs and banking automation products. CMS also provides multi-vendor software solutions and remote monitoring services for ATMs, enhancing operational efficiency.

CMS develops and deploys advanced software solutions like ALGO for ATM security and Retail 360 for optimizing cash operations. These technologies are crucial for their integrated service offerings.

The company's value proposition centers on its extensive pan-India presence, high route density, and proprietary technology, such as efficient route planning. This allows for industry-leading margins, with the cash management business achieving over 25%.

A significant milestone for CMS Info Systems was the 2011 acquisition of Securitrans India Private Limited (SIPL), which cemented its position as India's premier cash management services provider. The company has achieved notable financial performance, reporting an 18.3% revenue growth and a 23.1% adjusted net profit growth in FY24, reaching ₹2,265 crore and ₹374.5 crore respectively. This marks the eighth consecutive quarter of over 20% year-on-year earnings growth.

CMS Info Systems navigates the increasing reliance on digital payments by highlighting the continued importance of cash, particularly in semi-urban and rural areas. The company has diversified its services beyond traditional cash logistics to include managed services and technology solutions, such as ATM-as-a-service and AIoT Remote Monitoring.

The company is enhancing its capabilities in AI and predictive analytics, exemplified by its Q1 FY26 acquisition of Securens, a leading AIoT RMS player. This move strengthens CMS's ability to offer a full-stack Vision AI platform to clients across banking, retail, and e-commerce sectors.

CMS Info Systems boasts a significant competitive edge through its extensive pan-India presence, operating across 96% of India's districts with over 153,000 business touchpoints in Cash Logistics as of Q1 FY26. This extensive network provides high route density, a critical factor in efficient cash management.

CMS Info Systems is the largest player in India's cash management industry, managing approximately 46% of all outsourced ATMs and around 28% of all ATMs nationwide as of March 2022. It holds a 42% revenue share in the organized cash logistics market as of Q3 FY25, benefiting from industry consolidation driven by regulatory shifts and a customer preference for integrated services.

The increasing adoption of digital payments, with platforms like UPI handling over 16.6 billion transactions in October 2024, poses a long-term risk to cash-dependent services. While cash in circulation is projected to grow, a significant decline in cash usage could impact core operations. Regulatory changes and compliance delays also present potential challenges.

CMS Info Systems has set a revenue guidance of ₹2,500-2,700 crore for FY25 and is focusing on expanding its managed services and technology solutions. The company anticipates strong execution in FY26, with revenue growth projected to exceed 15%, supported by investments in technology and diversification into allied businesses.

The company aims to nearly double the revenue contribution from its AIoT remote monitoring services to 7-8% within three years, with its technology business expected to grow upwards of 15%. CMS is also actively exploring mergers and acquisitions across various sectors, including B2B, payments, and specialized logistics, to enhance its market position.