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CMS Bags Rs 400 Cr HDFC ATM Deal
10 May
Summary
- CMS Info Systems secures a Rs 400 crore HDFC Bank order.
- The five-year contract covers management of 6,000 ATMs.
- The deal includes AI solutions and currency logistics.
CMS Info Systems announced a major achievement on Sunday, securing a Rs 400 crore order from HDFC Bank. This five-year contract involves the comprehensive management of 6,000 ATMs for India's largest private sector lender.
The scope of this integrated managed services outsourcing includes advanced solutions such as currency forecasting, logistics, and artificial intelligence. This strategic move is projected to increase CMS's revenue contribution from private sector banks from 25% to 30% by the end of fiscal year 2027.
This recent success builds on CMS's expanding partnerships, including an expanded collaboration with ICICI Bank in the last fiscal year. The company also recently secured a substantial Rs 1,000 crore contract from the State Bank of India, reinforcing its position in the financial services sector.
