CMS Info Systems Secures ₹1,000 Cr SBI ATM Contract
Filing Summary
CMS Info Systems Limited has secured a ₹1,000 crore contract from the State Bank of India. The 10-year agreement involves providing integrated cash solutions for approximately 5,000 ATMs across India. This is the first direct large PSU bank cash outsourcing contract for CMS. The project includes managed services aimed at improving cash efficiency and ATM uptime. The contract is set to commence in January 2026. CMS has a longstanding relationship with SBI, having previously collaborated on various projects.
CMS Info Systems Limited has been awarded a ₹1,000 crore contract by the State Bank of India (SBI) for integrated cash solutions. The contract spans 10 years and covers approximately 5,000 ATMs across India. This marks the first direct large public sector unit bank cash outsourcing contract for CMS. The project is scheduled to commence in January 2026.
The contract involves providing managed services, which aim to enhance cash efficiency and increase ATM uptime. This initiative is expected to benefit millions of bank customers by ensuring more reliable access to ATM services. The agreement reflects a preference for integrated solutions in bank outsourcing.
This contract builds on the existing relationship between CMS and SBI. CMS has previously partnered with SBI on various projects, including the multi-vendor software solution ALGO MVS™, the vision AI solution HAWKAI™, and managed services for ATMs. These collaborations have contributed to CMS’s role in stabilizing ATM operations for several banks.
Mr. Anush Raghavan, Chief Business Officer of CMS, noted that the contract will deliver incremental revenue growth of ₹500 crore. He highlighted CMS’s role in stabilizing ATM operations, particularly after disruptions in 2025, and emphasized the importance of providing stable and high-quality services to consumers.
CMS Info Systems Limited is a leading business services company in India, offering logistics and technology solutions to banks, financial institutions, organized retail, and e-commerce companies. The company focuses on providing scalable, technology-driven solutions that enable businesses to accelerate growth and expand their reach. CMS’s services are designed to empower businesses and serve millions of consumers effectively.