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CMS Info Systems plans to invest upto Rs 1,300 crore on ATM ramp-up

Rajiv Kaul, vice-chairman and wholetime director, CMS Info System, said that starting with a capital expenditure of Rs 180-200 crore, the company expects to create 2,000 jobs

ATM, banks, cash withdrawal, bank fraud, debit card, credit

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Besides CMS, the other players in ATM management include AGS Transact, SIS, and Writers Corp. Apart from ATM and cash management, CMS does maintenance and card personalisation services

Abhijit Lele Mumbai

2 min read Last Updated : Dec 21 2020 | 1:23 AM IST

Baring Private Equity-backed CMS Info Systems (CMS), plans invest upto Rs 1,300 crore to scale up its managed ATM business and cash management business in India.

Rajiv Kaul, vice-chairman and wholetime director, CMS Info System, said that starting with a capital expenditure of Rs 180-200 crore, the company expects to create 2,000 jobs.

Out of them, 70 per cent of will be blue-collar job opportunities, and the balance 30 per cent white-collar ones.

The investment will be funded through internal accrual and debt. The span for investment would be over seven years, Kaul said.

For the time being, the firm does not envisage specific

Topics : ATMs in India Indian Banks Baring Private Equity Asia

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