IIFL Securities Ltd
Motilal Oswal Investment Advisors Pvt Ltd
YES Bank Limited
Incorporated in 2005, Radiant Cash Management Services Limited is the market leader in retail cash management services for banks, financial institutions, and organized retail and e-commerce companies in India. The company offers a range of services under this segment consisting of collection and delivery of cash on behalf of our clients from the end user.
The company’s management is supported by a qualified and motivated pool of about 2,012 employees (as of July 31, 2022).
The main objects of the Company are:
The company is one of the largest players in the RCM segment in terms of network locations or touch points served as of March 31, 2022.
Radiant Cash Management Services provide services across 13,044 pin codes in India covering all districts (other than Lakshadweep) with about 55,513 touchpoints serving more than 5,388 locations as of July 31, 2022.
The company’s key clients are Axis Bank Limited, Citibank, Deutsche Bank Limited, HDFC Bank Limited, ICICI Bank Limited, Kotak Mahindra Bank, Standard Chartered Bank, State Bank of India, The Hongkong and Shanghai Banking Corporation Limited and Yes Bank Limited.
For year/ period ended ( in Cr.)
|Profit After Tax||38.21||32.43||36.50|
1. Funding working capital requirements.
2. Funding of capital expenditure requirements for the purchase of specially fabricated armoured vans.
3. General corporate purposes.
The company enjoys a niche place in retail cash management segment with a lion’s share. It sees vast opportunities in Tier-II and Tier-III cities with retailing businesses. The management is hopeful of maintaining the trends going forward as it is giving specialized cash logistics services. Investors may park funds with a medium to long term perspective.