Key Highlights
- CMS Info Systems secured a 5-year ATM managed services mandate from HDFC Bank.
- The contract is valued at around ₹400 crore across 6,000 ATMs.
- CMS will provide currency forecasting, cash logistics and managed ATM services.
- The company will also deploy its AI-powered Vision solution HAWKAI.
- CMS said private bank revenues now contribute 22% of FY25 revenues.
- The company added ICICI Bank partnership in FY26 and crossed ₹1,000 crore in CRISL mandate wins.
CMS Info Systems Limited has secured a five-year ATM managed services contract from HDFC Bank, with the order valued at approximately ₹400 crore covering nearly 6,000 ATMs across India.
The company announced that it will provide integrated ATM management services for HDFC Bank, including currency forecasting, cash logistics, and technology-led managed solutions. CMS Info Systems will also deploy its AI-powered Vision AI platform, HAWKAI, as part of the engagement.
CMS Info Systems stated that the mandate strengthens its position in India’s ATM management and outsourcing segment, where banks continue to focus on operational efficiency and technology-enabled service delivery.
According to the company, the agreement marks another major private sector banking partnership after its expanded ICICI Bank collaboration announced earlier in FY26. CMS added that private bank revenues contributed around 22% of its FY25 revenue mix.
Anush Raghavan, Chief Business Officer at CMS Info Systems, said the HDFC Bank mandate reflects confidence in the company’s nationwide scale, technology capabilities, uptime performance, and compliance execution. He added that the company has now secured mandates from three of India’s largest banks and recently crossed ₹1,000 crore in cumulative contract wins.
CMS Info Systems operates across ATM management services, retail cash management, and payment solutions. The company said its nationwide network spans over 97% of Indian districts and supports banks, financial institutions, retail chains, and e-commerce businesses.
The contract comes as banks increasingly rely on outsourcing partners for ATM operations, cash management, and AI-driven monitoring solutions to improve service availability and operational efficiency.