CMS Info Systems Ltd has won a ₹10 billion contract from State Bank of India (SBI), marking a significant milestone in its cash management and technology services portfolio. The deal is expected to generate incremental revenue growth of ₹5 billion, strengthening CMS’s leadership in financial services outsourcing and operational efficiency.
CMS Info Systems Ltd, India’s largest cash management company, has announced the signing of a ₹10 billion contract with State Bank of India (SBI). The agreement underscores SBI’s trust in CMS’s expertise in cash logistics, ATM management, and technology-driven financial services.
The contract is projected to deliver incremental revenue growth of ₹5 billion, reinforcing CMS’s strong financial outlook and positioning it as a key partner in India’s banking ecosystem. With this deal, CMS continues to expand its footprint in financial services outsourcing, leveraging innovation and scale to meet the evolving needs of banks and customers.
Key Highlights
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Contract Value: ₹10 billion agreement with State Bank of India.
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Revenue Impact: Expected incremental growth of ₹5 billion.
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Scope: Cash logistics, ATM management, and technology-enabled financial services.
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Strategic Importance: Strengthens CMS’s role as India’s leading cash management company.
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Future Outlook: Enhances operational efficiency and supports long-term growth in financial services outsourcing.
This landmark deal reflects CMS Info Systems’ ability to deliver value-driven solutions and highlights the growing reliance of major banks on specialized service providers.
Sources: Business Standard, Moneycontrol, Economic Times