Business Update10 May 2026, 12:00 pm
CMS Info Systems wins ₹400 Cr HDFC Bank ATM mandate
AI Summary
CMS Info Systems has secured a 5-year ATM managed services mandate from HDFC Bank valued at ₹400 Crores, covering 6,000 ATMs. The contract includes managed service solutions like currency forecasting & logistics and its Vision AI solution – HAWKAI™. This win expands CMS's private bank revenue mix and reinforces its position in the ATM management solutions market, aligning with its FY27 and FY30 growth objectives.
Key Highlights
- CMS wins a 5-year ATM managed services contract from HDFC Bank valued at ₹400 Cr.
- The mandate covers 6,000 ATMs and includes currency forecasting and HAWKAI™ solution.
- CMS's private bank revenue mix is expected to reach 30% by FY27.
- This win follows a ₹1,000 Cr SBI mandate, strengthening CMS's market position.