CMS Info Systems has secured a major five-year contract from HDFC Bank for integrated ATM managed services. Valued at ₹400 crore, the mandate covers services for 6,000 ATMs across India. 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.
Strategic Expansion in Banking Services
CMS Info Systems, India’s leading business services platform, has been awarded a prestigious mandate by HDFC Bank, the nation’s largest private sector lender. The five-year contract, valued at ₹400 crore, focuses on providing comprehensive ATM managed services across a fleet of 6,000 ATMs. This partnership underscores the company’s capability to deliver high-uptime and compliant services at a pan-India scale.
Leveraging Technology for Growth
A core component of this mandate is the integration of HAWKAI™, the company’s advanced Vision AI solution. By incorporating its specialized technology, CMS aims to enhance operational efficiency and security for its client. This win is the latest in a series of landmark collaborations, following the recent ₹1,000 crore contract with SBI, which significantly bolsters the company’s market position.
FY27 and FY30 Strategic Goals
The company reports significant progress in its strategic objectives, noting an increase in private bank revenue mix from 22% in FY25 to 25%. With this latest HDFC Bank mandate, management remains confident in its trajectory to hit 30% by FY27. This development is part of a broader effort to scale its ATM Management Solutions platform and accelerate progress toward the company’s long-term FY27 and FY30 performance goals.
Source: BSE
