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CMS Info Systems Limited — Major Shareholding Notification 2024
Feb 29, 2024
62583_rns_2024-02-29_f13c2ddb-e7c6-45d2-a2d3-053c2ab58bfb.pdf
Major Shareholding Notification
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February 29, 2024
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CMSINFO/2402/008
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 Media Release
Dear Sir/Madam,
Please find enclosed herewith a Media Release being issued by the Company titled “Rajiv Kaul increased stake in CMS Info Systems to over 6%”, which is self explanatory.
The Media 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
Debas Digitally signed by Debashis Dey Date: 2024.02.29 his Dey 19:16:13 +05'30' Debashis Dey Company Secretary & Compliance Officer
CMS Info Systems Limited |CIN: L45200MH2008PLC180479 | www.cms.com | E: [email protected]
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Media Release
Rajiv Kaul increases stake in CMS Info Systems to over 6%
Mumbai, February 29, 2024: CMS Info Systems (CMSINFO), a leading business services platform has today announced that Rajiv Kaul, Executive Vice Chairman, Whole Time Director and CEO has increased his stake in the company from 2.62% to 6.20% .
Baring Private Equity Asia (Sion Investment Holdings) acquired a 100% stake in 2015 from Blackstone Private Equity (Blackstone FP Capital Partners) and other shareholders, subsequently listing CMSINFO on Indian exchanges in Dec’21. The PE firm has successfully exited its investment through the IPO and subsequent sell-downs in the last one year. Since listing, CMSINFO has delivered 34% earnings CAGR over the last two years.
Mr. Rajiv Kaul – Executive Vice Chairman, Whole Time Director and CEO commented, “I started this journey with a dream to make CMS a public institution. Today we are one of the few unique companies in India with a 100% public shareholder base. We are very proud that most of our anchor investors have increased their stakes significantly since our listing. In the last 15 years, our revenues have grown at 17% CAGR, and earnings at 20%+. In the same period, the company’s valuation has compounded at XIRR of over 25%. Increasing my stake significantly in the company demonstrates our commitment and focus on expanding our offerings to continue our high growth and strong profits track record.
Our mission is to become India’s best business services platform, leveraging our network, technology, and solutions mindset to solve complex problems for our BFSI and retail clients. We are a play on both the consumption and outsourcing opportunities India has to offer on its path to becoming a $7 Tn economy by 2030. I strongly believe that today’s India can nurture worldclass services companies that operate domestically without relying on dollar growth and labor arbitrage margins from international expansion.”
About CMS Info Systems Limited (CMSINFO):
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 a 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 the number of ATM points and retail pick-up points as well as one of the largest ATM cash management companies worldwide.
CIN: L45200MH2008PLC180479 | Email: [email protected] | Tel: +91 22 4889 7400 | Web: www.cms.com | LinkedIn
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Contact Information:
Media Relations Representative
Investor Relations Representative
Smita Sengupta Puneet Kokru [email protected] [email protected] +91-9769550799 +91-22-6918-4015
Company Secretary & Compliance Officer
Debashis Dey [email protected] +91-22-4889-7400
Pushkar Gupta Anuj Sonpal [email protected] [email protected] +91-9323090909 +91-22-4903-9500
CIN: L45200MH2008PLC180479 | Email: [email protected] | Tel: +91 22 4889 7400 | Web: www.cms.com | LinkedIn