CMS wins landmark ₹1,000 Cr SBI integrated cash solutions contract for ~5,000 ATMs

CMS Info Systems Limited (CMS), India's leading business services company offering logistics, technology solutions & services, has been awarded a ₹1,000 crore, 10‑year contract from State Bank of India (SBI). This is the first such direct large PSU bank cash outsourcing contract, covering ~5,000 bank-owned ATMs across India. The project will include managed services, improving cash efficiency, and delivering higher ATM uptime to benefit millions of bank customers. The contract goes live in January 2026.

This win marks a clear preference for integrated solutions in bank outsourcing. This contract further strengthens the long‑standing relationship between CMS and SBI, building on CMS's partnership with the bank through large and complex projects, including multi‑vendor software solution (ALGO MVS™), vision AI solution HAWKAI™, and managed services for ATMs.

Commenting on the win, Mr. Anush Raghavan, Chief Business Officer, said, "This landmark ₹1,000 crore, 10-year contract from SBI will deliver incremental revenue growth of ₹500 Cr. A large part of India's ATM channel was disrupted in 2025, and we have played an active role in helping stabilize ATM operations for many banks. This long-term contract will provide stability and high-quality services to millions of consumers with seamless self-service banking."

Shares of CMS Info Systems Limited was last trading in BSE at Rs. 349.60 as compared to the previous close of Rs. 341.70. The total number of shares traded during the day was 299809 in over 6364 trades.

The stock hit an intraday high of Rs. 364.70 and intraday low of 338.15. The net turnover during the day was Rs. 106104281.00.

Source : Equity Bulls

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