CMS Info Systems Secures ₹400 Crore Contract with HDFC Bank for ATM Management
CMS bags Rs 400 cr contract to manage 6,000 HDFC Bank ATMs
The Economic Times
Image: The Economic Times
CMS Info Systems has secured a ₹400 crore (approximately $48 million USD) contract from HDFC Bank to manage 6,000 ATMs for five years. This partnership will enhance CMS's revenue from private sector banks to 30% by FY27, up from 25%.
- 01CMS Info Systems won a ₹400 crore contract from HDFC Bank.
- 02The contract involves managing 6,000 ATMs over five years.
- 03CMS aims to increase revenue from private banks to 30% by FY27.
- 04The deal includes currency forecasting and AI solutions.
- 05CMS recently expanded its partnership with ICICI Bank and secured a ₹1,000 crore contract from SBI.
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CMS Info Systems, based in Mumbai, has announced a significant contract worth ₹400 crore (approximately $48 million USD) with HDFC Bank, one of India's largest private-sector banks. Under this five-year agreement, CMS will manage 6,000 ATMs and provide integrated services including currency forecasting and logistics, along with an AI solution. This contract is expected to boost CMS's revenue from private sector banks to 30% by the end of FY27, up from the current 25%. CMS has been actively expanding its partnerships, having recently secured a ₹1,000 crore contract with the State Bank of India (SBI) and strengthened its collaboration with ICICI Bank in the last fiscal year. HDFC Bank operates a network of over 21,000 ATMs as of March 2026.
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This contract will enhance ATM services for HDFC Bank customers, potentially leading to improved access to cash and banking services.
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