CMS Info Systems

CMS Info Systems Limited has completed the acquisition of 15,14,299 Compulsorily Convertible Preference Shares of Securens Systems Private Limited, representing 53.89% of the target company's share capital on a fully diluted basis. This acquisition was completed under the first tranche of their arrangement. The company plans to acquire the remaining shares of Securens Systems through one or more additional tranches, with each transaction to be disclosed separately upon completion.

CMS Info Systems has been awarded a contract to replace 1,000 ATMs and cash dispensers for India Post Payments Bank following the bankruptcy of previous service provider AGS Transact Technologies. The IPPB had experienced disruptions in ATM operations due to AGS's financial troubles. CMS managed 73,000 ATMs as of March 31, 2025, representing 47% of all outsourced ATMs in India, along with 65,000 retail touchpoints. The collapse of AGS, which previously operated nearly 40,000 ATMs, has led several banks to transition to CMS. India's total ATM network contracted by 4% to 208,063 by end-July 2025 from 216,352 a year earlier. Private banks are using this disruption to restructure ATM strategies, shifting from brown label models to fixed-cost contracts and upgrading to cash recyclers that function as self-service kiosks for broader transaction capabilities.

CMS Info Systems delivered consolidated revenue of ₹627 crores (up 5% year-on-year) and PAT of ₹93.6 crores (up 3%) for the quarter ended June 30, 2025. The company faced headwinds from a 10% dip in India ATM transactions, geopolitical issues, and muted consumption, resulting in an estimated revenue impact of ₹8-10 crores. Both cash logistics and managed services segments grew 8% year-on-year to ₹417 crores and ₹258 crores respectively. The company secured new orders worth ₹500 crores during the quarter, including a multi-year software contract with a leading bank. CMS announced a binding agreement to acquire Securens Systems Private Limited for approximately ₹80 crores enterprise value, valued at 10X FY2025 adjusted EBITDA. The company expanded its cash logistics footprint to 153,000 business touchpoints (9% year-on-year increase) and increased its ATM cash market share to 58-60%. Management highlighted challenges from AGS-related ATM shutdowns affecting the industry, with almost 50% of AGS's 20,000 brown label ATMs shut down. The company maintained its pricing discipline and focus on fixed-price contracts over transaction-linked models.