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HomeMarket NewsCMS Info Systems wins ₹400 crore order from HDFC Bank for ATM services; Stock may react
The order is valued at ₹400 crore across 6,000 ATMs. CMS said as per of the five-year contract, it will manage the service solutions including currency forecast and logistics and its Vision AI solution - HAWKAI.
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Shares of CMS Info Systems Ltd. gained over 4% on Monday, May 11, after it won an order worth ₹400 crore from HDFC Bank Ltd.
The company informed the stock exchanges on Sunday that it has been awarded an integrated ATM managed services outsourcing mandate by HDFC Bank.
The order is valued at ₹400 crore across 6,000 ATMs. CMS said as per of the five-year contract, it will manage the service solutions including currency forecast and logistics and its Vision AI solution - HAWKAI.
The company's chief business officer Anush Raghavan said building on its expanded ICICI Bank partnership in FY26, its private revenue mix has grown from 22% in FY25 to 25% and CMS is on track to reach 30% by FY27.
"With landmark wins now secured at three of India's largest banks, including our recent ₹1,000 crore SBI mandate, CMS is decisively shaping the next phase of growth in ATM management solutions platform and accelerating towards FY27 and FY30 goals," Raghavan said.
Shares of CMS Info Systems were trading 4.6% higher at ₹302.9 apiece at 9.20 am on Monday. The stock has declined 14% this year, so far.
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First Published:
May 11, 2026 7:29 AM
IST
