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CMS Info Systems Limited Investor Presentation 2026
62583_rns_2026-05-14_dfd34c7a-e48b-4fb7-9931-149dc8a4bbda.pdf
Investor Presentation
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CMS
UNIFIED PLATFORM.
LIMITLESS POSSIBILITIES.
CMSINFO/VSDD/2605/005
May 14, 2026
To,
BSE Limited
Listing Department,
1st Floor, PJ Towers, Dalal Street,
Fort, Mumbai – 400 001
National Stock Exchange of India Limited
Exchange Plaza, C-1, Block-G, Bandra Kurla
Complex, Bandra (East),
Mumbai – 400 051
Scrip Code: 543441
Symbol: CMSINFO
Sub: Presentation for Conference Call scheduled to be held on Friday, May 15, 2026 at 12:00 Noon (IST)
Dear Sir/Madam,
Further to our letter no. CMSINFO/SDDD/2605/003 dated May 11, 2026 and pursuant to Regulation 30 read with Part A of Para A of Schedule III of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, please find enclosed CEO letter to shareholders and the Presentation for Conference Call with the Management team of CMS Info Systems Limited ("the Company") which is scheduled to be held on Friday, May 15, 2026 at 12:00 Noon (IST) to discuss, Company's business strategy and outlook post the declaration of its 4QFY26 and FY26 results.
This is for your information and dissemination.
Thanking You,
Yours faithfully,
For CMS Info Systems Limited
DEBASHI
Digitally signed by
DEBASHIS DEY
Date: 2026.05.14
21:41:34 +05'30'
Debashis Dey
Company Secretary & Compliance Officer
Encl: a/a
Regd. Office: T-151, 5th Floor, Tower No.10, Railway Station Complex, Sector-11, 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]
CMS Info Systems
Letter to Shareholders
For the financial year ended 31 March 2026
Dear Shareholders,
Sometimes people call us a cash company. Sometimes an ATM company. Sometimes, given our name, a technology company. CMS does not fit neatly into any of these descriptions.
Our work happens before markets open, in districts most companies have never visited, across 97% of India’s geography. What you see is a cash van. Behind it is one of India’s most complex business services platforms, built over seventeen years, refined through every market cycle.
On any given day we manage cash replenishment and reconciliation across 70,000+ ATMs. We service over 65,000 retail touchpoints. Our currency-in-transit network runs approximately 1,400 routes across 20,000 bank branches. Our HAWKAI Vision AI platform monitors 50,000+ sites in real time. We process ₹14 lakh crore of currency through our network annually. And yet FY26 was a difficult year.
FY26: What Happened and What We Did
FY26 was hard, and we said so early. We flagged it at our September 2025 analyst day; between our July call and that meeting, the H1 consumption slowdown had become unmistakable.
Three pressures hit simultaneously. Tepid consumption in H1 hit ATM transaction volumes and retail cash collections, creating operating deleverage on our largely fixed-cost network. SBI’s cash outsourcing contract, for which we had invested ahead in network capacity, was delayed significantly. The exit of a key competitor led to short-term disruption even as it validated our long-term position. EBITDA margin for FY26 was 24.1% versus 26.1% in FY25, even as services revenue grew 6% to ₹2,312 crore.
We focused on what we could control. We protected revenue and grew market share in every segment. AI-led route optimisation let us reduce routes by 10% while we tightened network investment strictly to contracted milestones, a correction we have now made permanent. We stayed away from transaction-linked contract bids and insisted on fixed-fee models. In October 2025, we walked away from a ₹700cr PSU bank contract, linked to a transaction price of ₹18.95 (highest transaction price till date), based on this principle. After years of rapid retail growth, we rationalised low-yield customers to leave the remaining base healthier. We tightened DSOs, accepting some short-term revenue impact to protect cash flow quality. Each of these choices made FY26 harder and sets up a better FY27.
Alongside FY26’s operating moves, the customer mix has shifted. Today, 52% of our revenue comes from large private banks, other PSU banks, and retail customers, versus a concentrated mix from SBI and large MSPs in prior years. The platform is materially more diversified than the one we listed in 2021.
Q3’26 marked our bottom. The recovery began in Q4: services revenue crossed ₹600 crore for the first time, after eight quarters in the ₹550–575 crore range. EBITDA margin recovered 280 basis points to 25.6%. The inflection is now visible in the numbers.
CMS Info Systems · Letter to Shareholders · FY26
The Transformation, and the Foundation It Rests On
In FY22, our Technology and Payment Solutions business contributed 7% of services revenue. In FY25 it hit 12%. End of FY26 it crossed 16%. CMS has historically outspent its competitors on technology; in FY26 we invested ₹40 crore, a key reason behind our scale, margin and return profile.
AI is changing CMS in two ways. The visible way is HAWKAI, now the largest Vision AI platform in BFSI in India. The less visible way is what AI is doing inside the company itself: route optimisation across our 4,000+ routes, predictive maintenance on the fleet, fraud and shrinkage detection across millions of cash movements, and an internal productivity programme embedded across finance, sales and operations. We are not just adopting AI, we are restructuring around it.
This transformation is built on a foundation that is itself difficult to replicate. Banks, NBFCs and retail of every format are expanding their physical footprints, all of which require infrastructure for moving cash safely, managing it intelligently, securing it in real time, and connecting India's physical and digital payment layers. CMS has built that trust infrastructure. Our moats are operational, relational, and now technological, the product of years of compounding network density, client trust and proprietary capability. No competitor can replicate this in five years or ten.
The clearest proof came in late FY25, when a large publicly listed competitor was forced to cease operations. Banks did not have to scramble; they called CMS. We absorbed the disruption and stabilised their networks, as we did during demonetisation and COVID. Our market share in Cash Logistics rose 200 basis points. In Managed Services we jumped from number five to number three.
The transformation runs across three platforms: ATM Management Solutions, Retail Solutions and Currency Logistics, and Technology & Payment Solutions. Each operating in its own market, on its own economics, with its own growth drivers. We laid CMS out this way at our September 2025 analyst day. The choice was deliberate, since each platform needs the autonomy to compete on its own terms, and growth investments, including M&A, would concentrate where the opportunity was largest and most differentiated.
Three Platforms, Each with a Strong Hand
ATM Management Solutions
Our ATM Management Solutions business has doubled in the last five years and continues to grow strongly, even as the industry's ATM installed base has stayed flat. As the market contracted on the back of the AGS disruption and offsite ATMs became unviable for weaker players, we focused on pricing and yield discipline. We won the key SBI contract, with ₹500 crore incremental revenues to CMS, and executed it completely in Q4. Earlier in the year we won a ₹400 crore contract from ICICI Bank, now 90% live. A pipeline of 6,000 to 8,000 ATM units in active RFP stages represents a contracted-value opportunity of over ₹2,000 crore for the industry. We have signed an accretive acquisition of FSS's Managed Services and Tech business, and CMS is now operating those contracts. The acquisition brings direct contractual relationships with mid-sized banks that would have taken CMS years to build organically. Our commercial discipline also shows in execution: a ₹100 crore one-time revenue win became a ₹225 crore long-term recurring contract. This business is positioned to compound at approximately 11% CAGR through FY30.
Retail Solutions and Currency Logistics
Our Retail Solutions and Currency Logistics business had a difficult H1 as the consumption slowdown hit our retail customers directly. The GST 2.0 reforms drove a strong rebound, with same-store cash collection volumes in December 2025 growing across every segment we serve. Our market share in retail
CMS Info Systems · Letter to Shareholders · FY26
cash management has grown 400 basis points to 38% over the last two years, and currency-in-transit routes have grown at 11% CAGR, driven by sustained bank-branch expansion. Cash usage in semi-urban and rural India remains structurally strong: currency throughput per touchpoint in SURU markets matches metro/urban, and SURU now represents over half our base.
Our direct-to-retail platform has grown to 165 logos across quick commerce, large-format retail, QSR, NBFCs, and e-commerce. This is a fraction of the 5-6 lakh organized retail points in India, and a deepening cross-sell base for HAWKAI and automation solutions. Our Gig delivery model has scaled to 2,500 partners serving 20% of our retail touchpoints, converting fixed costs to variable, enabling network agility, and supporting expansion into semi-urban and rural markets at lower capital intensity. This business is positioned to compound at 11%+ CAGR through FY30.
Technology & Payment Solutions
Our T&PS business reached ₹370 crore in FY26, compounding at 25%+ CAGR over the last five years, and doubling in the last three. HAWKAI began as a ₹25 crore acquisition in 2022, a small, deliberate bet. Four years later, we monitor 50,000+ sites, up from 2,000 at acquisition. Our BFSI market share has grown from 7% to 25% organically. Our enterprise-grade product is going live across thousands of bank and NBFC branches. Revenue has doubled from ₹100 crore to ~₹200 crore in the last two years. We have expanded into eight non-BFSI sectors including quick commerce, EV infrastructure, QSR, and retail. We own the full stack: hardware, software, AI models. The Securens acquisition (₹75 crore) added a decade of proprietary AI training data and consolidated our BFSI market share to 36%, a category position no competitor can replicate near-term. Our addressable market exceeds ₹8,000 crore annually, split between ₹3,000 crore in BFSI and ₹5,000 crore in non-BFSI sectors.
Our ALGO MVS software, which turns ATMs into customer-acquisition and service-delivery engines, today powers 68,000 machines (40% market share) on the SBI network. ICICI Bank goes live across 10,000+ ATMs in FY27. Our card management business contributes a steady ₹75 crore in annual revenue. The T&PS business is positioned to continue compounding at 20%+ CAGR through FY30.
The three platforms operate in different markets with different growth drivers. The shared institutional foundation is what makes them compound, and what makes CMS difficult to replicate.
Capital Allocation: The Discipline That Compounds
We have approached capital allocation the same way for over a decade, in good markets and difficult ones. Since our listing in December 2021 we have not raised a single rupee of primary equity from public shareholders. Our IPO was a pure offer for sale. The only addition to share capital since has been ESOP exercises by our management, colleagues investing their own capital in the business they are building alongside you. Every rupee we have allocated has come from operating cash flow. We have been debt-free for over a decade and have cash on books of ₹650 crore. We have generated over ₹2,275 crore since IPO, allocated as below:
| SINCE IPO | CUMULATIVE |
|---|---|
| Capex investments | ~₹1,000 Cr |
| Accretive acquisitions | ~₹190 Cr |
| Dividends to shareholders | ₹437 Cr |
CMS Info Systems · Letter to Shareholders · FY26
The capex profile is shifting. Through the years following listing, much of our capex went into the cash logistics infrastructure and the BLA ATM business. FY26's ₹352 crore capex spend was predominantly HAWKAI and managed services, now on fixed-price contracts.
The M&A playbook has been patient and deliberate. In FY23 and FY24, with valuations elevated, we evaluated fifteen opportunities across e-commerce logistics, digital payments, loan collections and bullion logistics. We walked away from every one of them. The hurdle is clear: a minimum 20% post-tax IRR with conviction on the durability of the return. Most opportunities do not clear it.
The environment is now shifting. Rational valuations and an industry consolidating around scale create the kind of opening a self-funded acquirer with intact balance-sheet capacity waits for. We are looking for small and mid-sized businesses in domains where CMS already has customer relationships and operational credibility: banking software and payments infrastructure, Vision AI applications in new sectors, and specialised logistics. We will move when the right business is available at the right price, and not before.
We applied the same 20% IRR hurdle to capital-return options. At current valuations, repurchasing our own shares clears that hurdle with conviction. We are deploying ~₹168 crore for the buyback while retaining ₹477 crore for organic investment and opportunistic M&A, preserving the dry powder for a consolidating environment.
On dividends, we have grown the dividend in line with earnings and will continue to apply that principle as PAT recovers. Across the decade, our priorities have stayed in the same order: organic growth first, accretive M&A second, sufficient liquidity maintained, and surplus returned through dividends and buybacks.
Risks We Are Watching
Fuel prices, wage inflation and currency movement remain live operating pressures, and geopolitical volatility in the Middle East could compound them. Our response is structural: a variable-cost model through gig delivery, AI-led route optimisation across 4,000+ routes, and fixed-fee managed services contracts that insulate revenue from transaction-volume swings. These do not eliminate the risk, but they reduce its amplitude.
On digital substitution, we believe cash and digital payments remain complementary in India for the foreseeable future. Monthly currency dispensed through ATMs is steady at ₹2.5 lakh crore, and rural withdrawals are rising. We are accelerating the mix toward T&PS and Retail in any case.
Two other risks we manage actively. Commoditisation in Vision AI is one, where our moat is our proprietary incident dataset. Competitive intensity is the other, where we have a proven cyclical playbook.
These risks shape how we run the business; they do not change our conviction in it.
The Year Ahead, and Beyond
In FY27, we expect total revenue in the range of ₹2,800 to ₹2,900 crore, with services revenue of ₹2,700 to ₹2,800 crore and EBITDA margin trending towards the 25%+ range. This is grounded in contracted order book and operational improvements underway. Macro variables such as fuel, wage inflation, geopolitical volatility could shift the trajectory.
CMS Info Systems · Letter to Shareholders · FY26
| FY27 GOALS | RANGE |
|---|---|
| Total revenue (13% - 17% growth) | ₹2,800 – 2,900 Cr |
| Services revenue (17% - 21% growth) | ₹2,700 – 2,800 Cr |
| EBITDA margin | 25%+ |
On profitability, the mix shift toward fixed-fee contracts and T&PS revenue, combined with operating leverage on a larger revenue base, will continue to rebuild profitability through FY27. The buyback we are pursuing will reduce share count and put balance-sheet cash currently earning interest income to work.
Our FY30 trajectory remains intact, and the mix shift toward higher-margin T&PS revenue is running ahead of our model. We expect to compound services revenue at 13–14% to ₹3,750–3,950 crore by FY30. We will revisit the longer-term outlook at our next analyst event.
The CMS that exists today is not the CMS we listed in 2021. Our core business generates the free cash flow to fund every part of our growth: the platform approach, the acquisitions, and the capital we return to shareholders. FY26 was the year we accelerated the transformation through a difficult market. In FY27 we should see the results.
At the heart of CMS is something intangible: a management team that has stayed together for seventeen years, a frontline workforce of 27,000 people who show up in difficult conditions, and a culture that treats reliability as non-negotiable. This reflects in market-share data, client-retention numbers, and the way banks depend on us, when things break. That is our institutional strength. FY26 tested it. It held.
The cash vans are still up at 4am. Behind them is your institution, built to last and impossible to replicate.
Thanks to everyone who held with us through a tough year. Now, back to work. We will update you at the half-year mark.
Rajiv Kaul
Executive Vice Chairman, Whole-time Director & Chief Executive Officer
CMS Info Systems Ltd.
CMS INFO SYSTEMS LIMITED
Q4 & FY26 Earnings Presentation
Where Platform Meets Possibilities
14 May 2026
cms.com
CMS | UNIFIED PLATFORM. LIMITLESS POSSIBILITIES.
AGENDA
| Year in review: FY26 | Wins, mix shift, capital allocation | Looking ahead: FY27 & 30 |
|---|---|---|
Where Platform Meets Possibilities
cms.com
CMS | UNIFIED PLATFORM. LIMITLESS POSSIBILITIES.
FY26: Four factors converged in a difficult year
WHAT HAPPENED
Four factors converged
-
Weaker H1 consumption
Reduced ATM transaction volumes and retail cash collections; operating deleverage on a fixed-cost network. -
SBI cash outsourcing delay
Capacity invested ahead; the contract was delayed significantly. Now executed in Q4. -
Competitor exit disruption
A listed competitor ceased operations in late FY25. Short-term industry disruption; we absorbed and stabilised. -
Shut-down of low-yield off-site ATMs by Pvt. Banks
This combined with delayed roll out of ATMs by MSPs impacted outsourced ATM base.
Where Platform Meets Possibilities
cms.com
CMS | UNIFIED PLATFORM. LIMITLESS POSSIBILITIES.
What we said - what we did
WHAT WE SAID
- Protect revenue and gain share → Cash Logistics +200 bps; Managed Services moved #5 → #3
- Drive cost efficiency through technology → ML-based route optimization; 10% reduction (Sep'25-Mar'26)
- De-risk the commercial model → Drove shift to fixed-fee contracts; avoided Txn-linked exposure
- Improve portfolio quality → Rationalised low-yield retail customers; tightened MSP DSOs
- Reset the operating base for FY27 → Tech investment to 1.5% of revenue; ₹15 Cr GIG model in SURU
Where Platform Meets Possibilities
cms.com
CMS | UNIFIED PLATFORM. LIMITLESS POSSIBILITIES.
Q4FY26 recovery: 6% Services Revenue growth; EBITDA margin +280 BPS QoQ
Services Revenue (₹ Crs)
EBITDA margin (%)
WHAT WE SAID IN Q3
"With Q3 we have bottomed out...
EBITDA margins should improve to the
25-26% range for FY27."
WHAT WE DELIVERED IN Q4
+280 bps
EBITDA margin QoQ, 22.8% → 25.6%
+6%
Services revenue QoQ, ₹577 Cr → ₹609 Cr
Where Platform Meets Possibilities
cms.com
CMS | UNIFIED PLATFORM. LIMITLESS POSSIBILITIES.
Q4 & FY26 key metrics
Q4 FY26 (QoQ)
FY26 FULL YEAR (YoY)
Where Platform Meets Possibilities
*Includes impact of labour code in H2
cms.com
CMS | UNIFIED PLATFORM. LIMITLESS POSSIBILITIES.
Q4FY26 Segment Performance
Revenue
| BU | YoY | QoQ |
|---|---|---|
| Cash | -3% | +4% |
| MS | +20% | -0.5% |
EBIT
| BU | YoY | QoQ |
|---|---|---|
| Cash | -22% | +26% |
| MS | +7% | +5% |
EBIT %
Where Platform Meets Possibilities
cms.com
CMS | UNIFIED PLATFORM. LIMITLESS POSSIBILITIES.
Two strategic acquisitions in FY26
| VISION AI. SCALE | |
|---|---|
| Securens | ₹75 Cr |
| WHAT | Consolidated CMS as the clear #1 in BFSI Vision AI. Combined CMS + Securens market share now ~36%. |
| WHY | Decade of AI training data we would have taken years to accumulate independently. |
| STATUS | Integration completed |
| ATM MANAGED SERVICES. CONSOLIDATION | |
| --- | --- |
| FSS Managed Services | ₹115 Cr |
| WHAT | Acquired managed services and tech portfolio with direct contractual relationships to banks that would have taken years to build. |
| WHY | Immediate cross-sell into HAWKAI, ALGO MVS and the broader platform into mid-sized PSU and Pvt banks. |
| STATUS | Binding agreement signed; closure by Q1 FY27 |
Where Platform Meets Possibilities
cms.com
CMS | UNIFIED PLATFORM. LIMITLESS POSSIBILITIES.
Disciplined Capital Allocation
Strong cash flow generation...
...reinvesting for growth...
...delivering high post tax RoCEs...
...returning cash to shareholders
*Includes ₹3 special dividend
71%
Avg. OCF/EBITDA
₹1,200
Crs+
Capex+ M&A
23.0%
Post Tax ROCE
₹438 Crs
Cumulative Dividend
Where Platform Meets Possibilities
cms.com
CMS | UNIFIED PLATFORM. LIMITLESS POSSIBILITIES.
Accelerating Customer Mix Change
Revenue Mix
FY25
- SBI
- Private Sector Banks/Retail
- Managed Service Providers
- PSU Banks
FY26
Where Platform Meets Possibilities
cms.com
CMS | UNIFIED PLATFORM. LIMITLESS POSSIBILITIES.
Platform mix shift: Tech and Payment solutions scaled from 7% to 16% of services revenue
WHAT IS DRIVING THE SHIFT
HAWKAI
Scale up of HAWKAI to 50,000+ sites.
ALGO MVS
63,000+ ATMs;
Expected to ramp up to 73,000+ by FY27
Where Platform Meets Possibilities
cms.com
CMS | UNIFIED PLATFORM. LIMITLESS POSSIBILITIES.
HAWKAI: scaled rapidly to ~£200 Cr revenue, 2× in two years
India's largest Vision AI platform for BFSI; expanded into eight non-BFSI sectors. CMS owns the full stack — hardware, software, AI models.
SITES MONITORED
50,000+
Real-time across the network.
BFSI Market SHARE
36%+
Largest player in BFSI Vision AI.
NON-BFSI SECTORS
8
Quick commerce, EV infra, QSR, retail.
TOTAL TAM
₵8,000 Cr
₵3,000 Cr BFSI · ₹5,000 Cr non-BFSI.
Where Platform Meets Possibilities
cms.com
CMS | UNIFIED PLATFORM. LIMITLESS POSSIBILITIES.
FY26 order book: ₹2,000 Cr+ of high-quality wins · FY27 base is contracted
Marquee mandates across India's largest banks — fixed-fee, multi-year, integrated
| ₹2,000 Cr+
FY26 cumulative order wins | 3 of 3
Largest Indian banks (SBI, ICICI, HDFC) | 4-7 yrs
Avg contract life on new mandates | ~85%
of FY27 services revenue contracted |
| --- | --- | --- | --- |
| SBI
EXECUTED MAR'26
₹1,000 Cr
10-year contract
₹500 Cr incremental revenue
Rolling out across 5,000 ATMs | ICICI Bank
90% LIVE
₹400+ Cr
TCV across 1,500 CRMs over 7 years
ALGO MVS rollout to 10,000+ ATMs in FY27 | HDFC Bank
WON Q1FY27
₹400 Cr
5-year integrated managed services mandate
6,000 ATMs | Pipeline
ACTIVE
₹2,000 Cr+
6,000-8,000 ATM units across PSU and Pvt banks
Moving to fixed-fee pricing models |
Composition: integrated managed services, HAWKAI, ALGO MVS · skewed away from low-yield transaction BLAs
Where Platform Meets Possibilities
cms.com
CMS | UNIFIED PLATFORM. LIMITLESS POSSIBILITIES.
FY27 outlook: reaffirming Sep'25 analyst day guidance
| TOTAL REVENUE | SERVICES REVENUE | EBITDA MARGIN |
|---|---|---|
| ₹2,800 - 2,900 Cr | ₹2,700 - 2,800 Cr | 25%+ |
| +13% - 17% | ||
| growth | +17% - 21% | |
| growth |
Where Platform Meets Possibilities
cms.com
CMS | UNIFIED PLATFORM. LIMITLESS POSSIBILITIES.
Board has approved a ₹168Cr Buyback
| BUYBACK SIZE
~₹168Cr | EQUITY RETIRED
3% | BUYBACK PRICE
₹340/share | MODE
Tender Offer |
| --- | --- | --- | --- |
₹650Cr Cash on books
Sufficient liquidity for growth post Buyback
Where Platform Meets Possibilities
cms.com
CMS | UNIFIED PLATFORM. LIMITLESS POSSIBILITIES.
FY30 Goal
- Large TAM of ₹20,000 Cr+
- Strong market consolidation opportunity with pricing upside
- Disciplined capital allocation and reinvestment for expansion
- Maintain high margin quality and ROCE
Where Platform Meets Possibilities
cms.com
_____
A P P E N D I X
CMS | UNIFIED PLATFORM. LIMITLESS POSSIBILITIES.
Operating metrics — the pan-India platform at scale
| REACH | OPERATIONS | VALUE PROCESSED |
|---|---|---|
| 70,000+ | ||
| ATMs managed daily | 1,400 | |
| CIT routes daily | ₹14 L Cr | |
| Cash processed annually | ||
| 20,000 | ||
| Bank branches connected | 4,000+ | |
| Optimised cash routes | 50,000+ | |
| HAWKAI sites monitored | ||
| 65,000+ | ||
| Retail touchpoints serviced | 27,000 | |
| People on the frontline |
Where Platform Meets Possibilities
cms.com
CMS | UNIFIED PLATFORM. LIMITLESS POSSIBILITIES.
FY23-FY26 historical consolidated financials
| Particulars (₹ Cr) | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Operating Income | 1,915 | 2,265 | 2,425 | 2,487 |
| Operating EBITDA | 538 | 599 | 627 | 596 |
| EBITDA Margin (%) | 28.1% | 26.5% | 25.9% | 24.0% |
| Depreciation & Amortisation | 132 | 150 | 162 | 208 |
| Finance costs | 20 | 16 | 18 | 20 |
| PBT (before exceptional) | 401 | 467 | 498 | 415 |
| PAT | 297 | 347 | 372 | 304 |
| PAT Margin (%) | 15.5% | 15.3% | 15.4% | 12.2% |
Where Platform Meets Possibilities
cms.com
CMS | UNIFIED PLATFORM. LIMITLESS POSSIBILITIES.
FY26 Segment Performance
Revenue
EBIT
EBIT %
Where Platform Meets Possibilities
cms.com
CMS | UNIFIED PLATFORM. LIMITLESS POSSIBILITIES.
CMS across cycles: 11× revenue and 13× PAT since FY09
15% Revenue CAGR
16% PAT CAGR
Where Platform Meets Possibilities
cms.com
CMS | UNIFIED PLATFORM. LIMITLESS POSSIBILITIES.
APPENDIX · GOVERNANCE & MANAGEMENT
Seasoned leadership; experienced board
Experienced Directors
Shyamala Gopinath
Former Deputy Governor, RBI
Rajiv Kaul
Exec. VC, Whole Time Director & CEO
30+ years of industry experience
Microsoft actis
Sunil Mehta
Former MD & CEO - PNB, CEO Indian Banks' Association
Krzysztof Jamroz
Executive Chairman at Roadrunner
GARDAVORLD
Vishnu Jerome
Founding Partner: Jerome Merchant+ Partners; Former Partner AZB & Partners
Vidya Krishnan
Non-Executive Independent Director, Deputy Managing Director,
SBF
Strong Management With Deep Industry Know-How
Pankaj Khandelwal
President & CFO
30+ years of industry experience
Puneet Bhirani
Chief Operations Officer
30+ years of industry experience
Anush Raghavan
Chief Business Officer
18+ years of industry experience
HayGroup
Rajeev Bhatia
Chief Information Officer (CIO)
20+ years of industry experience
Where Platform Meets Possibilities
cms.com
CMS | UNIFIED PLATFORM. LIMITLESS POSSIBILITIES.
APPENDIX · SHAREHOLDING & STOCK
Capital market data
| SHAREHOLDING PATTERN · 31 MAR 2026 | |
|---|---|
| Foreign Institutional Investors | 25.0% |
| Mutual Funds | 29.1% |
| Alternative Investment Funds | 6.0% |
| Others (incl. retail and PMS) | 39.9% |
| CAPITAL MARKET INFORMATION (12^{th} May 2026) | |
| --- | --- |
| Listing | BSE: 543441 · NSE: CMSINFO |
| Face value | ₹10 |
| Market cap (₹ Cr) | 4,914 |
| Equity shares outstanding (Mn) | 164.6 |
| Market price (₹) | 298.8 |
| 52-week H/L (₹) | 540.5/263.5 |
| Avg trading volume ('000) | 667.8 |
Where Platform Meets Possibilities
cms.com
Thank you
CMS Info Systems Limited
BSE: 543441 · NSE: CMSINFO · cms.com · [email protected]
DISCLAIMER
No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. Certain statements made in this presentation may not be based on historical information or facts and may be 'forward-looking statements' based on the currently held beliefs and assumptions of the management of CMS Info Systems Limited (CMS), which are expressed in good faith and in their opinion reasonable, including those relating to the Company's general business plans and strategy, its future financial condition and results of operations. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. The Company assumes no obligation to update or revise any forward-looking statements.
Mumbai · India