If you have withdrawn cash recently from an ATM, then chances are, you have used the services of CMS Info Systems. The company is India’s largest cash management company in terms of the number of ATMs and retail pick-up points. It provides a range of services to financial institutions, organised retail and e-commerce companies. From cash pick up and delivery to feeding it into ATMs - the company caters to a broad set of outsourcing solutions. And now, CMS Info Systems is all set to launch its IPO.
Good to know
Despite the spurt in digital transactions in India post demonetisation, around 90% of the payments are still made in cash. Also, the number of ATMs in India are expected to grow at a CAGR of 6.2% to 3.6 lakh by FY27. Being one of the leading cash management companies in India, CMS Info Systems is well-positioned to benefit from the growth in the coming years.