AI assistant
CMS Info Systems Limited — Capital/Financing Update 2023
May 19, 2023
62583_rns_2023-05-19_b781772d-e982-42e8-9392-44d443a2cee4.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
May 19, 2023
==> picture [176 x 38] intentionally omitted <==
CMSINFO/2305/002
To, BSE Limited National Stock Exchange of India Limited Listing Department, Listing Department, 1[st] Floor, PJ Towers, Exchange Plaza, C‐1, Block‐G, Dalal Street, Bandra Kurla Complex, Bandra(East), Fort, Mumbai – 400 001 Mumbai – 400 051
Scrip Code: 543441
Symbol: CMSINFO
Subject: Intimation of Press release
Dear Sir/Madam,
Please find attached herewith press release to be issued by the Company in respect of new production plant in Ambattur, Chennai.
The press release is also being uploaded on the Company’s website at www.cms.com.
You are requested to kindly take the same on your record.
Thanking You,
For CMS Info Systems Limited
PRAVEE Digitally signed by PRAVEEN SONI N SONI Date: 2023.05.19 08:12:47 +05'30'
CS Praveen Soni Company Secretary & Compliance Officer (Membership No. FCS 6495)
Encl: a/a
Regd. Office: T‐151, 5th Floor, Tower No.10, Sector‐11, railway station complex, CBD Belapur, Navi Mumbai‐ 400 614 | T: +91‐22‐4889 7400 | F: +91‐22‐4889 5177 CMS Info Systems Limited |CIN: L45200MH2008PLC180479 | www.cms.com | E: [email protected]
==> picture [119 x 26] intentionally omitted <==
Media Release
CMS forays into production of Banking Automation products
Opens a new production plant in Ambattur, Chennai
Mumbai, 19 May 2023: CMS Info Systems Limited (CMS), India’s leading business services company offering banking logistics and technology services, announced its latest venture with the production and manufacturing of Banking Automation products in its newly opened plant in Ambattur, Chennai. The facility will help India’s largest cash logistics company to offer integrated banking automation solutions to its banking clients, from production to deployment to surveillance solutions of their complete ATM eco‐ system.
CMS will source components locally from certified Indian suppliers, and ATM modules from its partner in Korea. The company has implemented LEAN management and just‐in‐time inventory management to maximize production through a well‐controlled quality process.
The hub‐and‐spoke production process will produce ATMs, Cash Recycler machines and Self‐service kiosks to support Digital Banking Unit initiative by banks and RBI. The facility has the capacity to produce more than 2000 units per month to meet the diverse needs of banking clients and support their expansion and refreshment cycle of Banking Automation infrastructure.
Manjunath Rao, President ‐ Managed Services, CMS Info Systems, said, “The opening of our manufacturing plant for production of branch automation solutions in India, helps us complete the full backward integration of our ATM business portfolio offerings. The timing of the launch aligns well with the announcement of branch expansion plans of the country’s leading banks. The production of ATMs in India will help us cater to the customized requirements of clients faster and with greater efficiency. We, at CMS, are very excited to enter this phase of our business that allows us to be a powerful ally in India’s journey to financial inclusion and proudly contribute towards the Make in India initiative.”
The plant has received certification for ISO 9001:2015, ISO14001, reflecting efficient usage of resources and reduction of waste for improved environmental performance, and enables CMS to complete the value chain in the Banking Automation ecosystem of India.
About CMS Info Systems Limited:
CMS Info Systems Limited (BSE: CMSINFO | 543441, NSE: CMSINFO) is a leading business services company providing logistics and technology solutions to banks, financial institutions, organized retail and e‐commerce companies in India with presence across Cash Logistics, ATM Managed Services and Technology Solutions.
CMS businesses include ATM and Retail Cash Management, Currency Chest Automation, Bullion Logistics, Banking Automation Solutions, Brown Label ATM and Managed Services, Multi‐vendor Software Solution, ATM Security Software, AI‐based Remote Monitoring Services and Card Issuance, Management and Personalization.
CMS is India’s largest cash management company based on number of ATM points and number of retail pick‐up points as well as one of the largest ATM cash management companies worldwide.
Regd. Office: T‐151, 5th Floor, Tower No. 10, Sector‐11, Railway Station Complex, CBD Belapur, Navi Mumbai‐400 614 CIN: L45200MH2008PLC180479
Email: [email protected] | Tel: +91 2248897400 | Web: cms.com | LinkedIn: CMS Info Systems | Twitter: @systems_cms
==> picture [119 x 26] intentionally omitted <==
Contact Information:
Media Relations Representative
Smita Sengupta [email protected] +91‐9769550799
Pushkar Gupta [email protected] +91‐9323090909
Investor Relations Representative
Puneet Kokru [email protected] +91‐22‐6918‐4015
Anuj Sonpal [email protected] +91‐22‐4903‐9500
Company Secretary & Compliance Officer
Praveen Soni [email protected] +91‐22‐4889‐7400
Regd. Office: T‐151, 5th Floor, Tower No. 10, Sector‐11, Railway Station Complex, CBD Belapur, Navi Mumbai‐400 614 CIN: L45200MH2008PLC180479 Email: [email protected] | Tel: +91 2248897400 | Web: cms.com | LinkedIn: CMS Info Systems | Twitter: @systems_cms