CMS Info Systems targets fintech, financial inclusion acquisitions.

CMS Info Systems, an ATM services and cash management company, is planning to acquire companies in the fintech and financial inclusion sectors. The company aims to achieve annual revenue growth of 17-19% and reach a revenue level of Rs 2,500-2,700 crore for the next financial year. CMS Info Systems is currently incubating businesses such as collections and logistics services for bullion, and pilot projects are already underway. The company sees consolidation in various business segments as an opportunity for mergers and acquisitions (M&A). It has already completed six M&A deals, including acquiring the ATM business of Logicash Solutions in 2020 and the doorstep banking business from Checkmate Services Private Ltd. The company’s strong liquidity position, supported by internal accrual generation and a sizable cash and investment balance, will help fund its inorganic growth through acquisitions. CMS Info Systems’ main revenue streams are from cash management and managed services, including ATM cash management, retail cash management, cash in transit, and banking automation. The company’s CEO, Rajiv Kaul, stated that the business momentum is driven by increased outsourcing and growth in retailisation. The company has already won orders worth Rs 600 crore in the current quarter and cumulative orders worth Rs 1,250 crore for the current financial year. With a total order book of Rs 4,400 crore, the company aims to achieve total revenues of Rs 2,250-2,300 crore for the current financial year.