Mumbai: CMS Info Systems has received a Rs 400 crore contract from HDFC Bank to manage 6,000 ATMs of the country’s largest private-sector bank for five years.
Under this integrated ATM managed services contract, CMS will also provide services such as currency forecasting, cash logistics, and AI-based solutions, the company said in an official statement.
Currently, CMS earns 25% revenue from private sector banks. The deal is expected to increase CMS’s revenue share from private-sector banks to 30% by the end of FY27, compared to the current 25%, said Chief Business Officer Anush Raghavan.
After from HDFC Bank, CMS has also expanded its partnership with ICICI Bank during the last financial year. Recently, CMS also received a Rs 1,000 crore contract from State Bank of India.
