CMS Info Systems has secured a major long-term contract from the State Bank of India (SBI), strengthening its position in India’s cash and ATM services space.
On Wednesday, CMS announced that it has bagged a ₹1,000 crore deal to manage 5,000 SBI ATMs across the country. The 10-year contract will begin from January 1 and covers end-to-end ATM services, including managed operations, better cash efficiency, and higher ATM uptime for SBI customers.
According to the company, this is the first time a large public sector bank has directly awarded such a big nationwide cash outsourcing contract. The move is expected to improve the reliability of ATM services and benefit millions of SBI customers who depend on cash withdrawals.
CMS Chief Business Officer Anush Raghavan said the deal will bring strong growth for the company. He added that the contract is expected to generate around ₹500 crore in incremental revenue over time. “This long-term partnership will provide stability and ensure high-quality, seamless self-service banking for millions of consumers,” he said.
Raghavan also pointed out that India’s ATM network faced major disruptions in 2025. During that period, CMS played a key role in stabilising ATM operations for several banks, helping restore normal services.
Investors reacted positively to the news. Shares of CMS Info Systems rose over 4% in early trade on the BSE, touching ₹355.80, while the broader market was slightly in the red.
With this deal, CMS not only deepens its relationship with SBI but also signals growing confidence among public sector banks in outsourcing critical ATM operations to specialised players.
