Now Reading: CMS Info Systems aims to double tech revenue share by FY30
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CMS Info Systems aims to double tech revenue share by FY30
CMS Info Systems plans to double its technology and payment solutions business to over 20% of total revenue by FY30, from around 16% or ₹370 crore in FY26, says CEO Rajiv Kaul.…
The Story in Brief
CMS Info Systems plans to double its technology and payment solutions business to over 20% of total revenue by FY30, from around 16% or ₹370 crore in FY26, says CEO Rajiv Kaul. The vertical has grown at 25-30% CAGR over five years and targets 20% growth ahead. The company is expanding AI surveillance and payment offerings beyond banking into quick commerce, EV charging, and retail.
Cash logistics remains the core business, contributing about 60% of revenue. CMS commands a 42-45% share in cash logistics and manages 57-60% of ATMs nationwide. Kaul avoids the 'fintech' label, calling CMS a financial infrastructure company focused on cash generation and margins. The total addressable market for the tech division is estimated at ₹800-1,000 crore.
The Indian Opinion
The fintech tag is a trap for companies chasing valuations over profit. CMS's decision to stick to selling 'shovels', cash logistics tied to AI surveillance, is refreshing. But the real test is execution. Quick commerce and EV charging are crowded fields with thin margins. Watch whether the 20% CAGR materialises by FY30, or whether the ₹800-1,000 crore addressable market proves optimistic against competition from pure-play tech firms with deeper pockets.
Source: livemint.com
This story was synthesised by AI from the source linked above.
