Axis Capital Limited
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CMS Info Systems Limited (“CMS”) was incorporated on March 26, 2008. CMS is India’s largest cash management company based on number of ATM points and number of retail pick-up points, as well as one of the largest ATM cash management companies worldwide based on number of ATM points as of March 31, 2021.
The business operates in 3 segments; 1. cash management services, 2. managed services i.e. banking automation product sales, common control systems, and software solutions, etc., and 3. others i.e. financial cards issuance for banks and card personalization services. As of August 31, 2021, it has a network of 3,965 cash vans and 238 branches and offices to cover all of India’s states and union territories. Sion Investment Holdings Pte. Limited is the promoter of the company.
For year/ period ended ( in Cr.)
|31 Mar 2021||31 Mar 2020||31 Mar 2019|
|Profit After Tax||168.52||134.71||96.41|
CMS is well-known cash management and automation solution providing companies in the financial markets. It has posted consistent growth in its business except for the pandemic year. In this critical year too it earned good margins on a static top line. Investors may consider investment for short to long term rewards.
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