CMS is India€™s largest Cash Management and Payment Solutions firm, and the world€™s fourth largest ATM Cash Management company. With a network spanning over 100,000 ATMs and retail outlets, CMS is uniquely positioned as the company that literally serves as the 'circulation system' of the country's economy. Clients include all the leading banks in the country, along with financial institutions and top retail chains.
In 2015 Baring Private Equity Asia, Asia€™s largest private equity fund bought a 100% stake in the company. CMS is headed by Rajiv Kaul, former country manager Microsoft India and known industry leader.
A few fact points that make it an exciting time to be at CMS:
These are times when the relevance and importance of the work we do to the society and economy is being established within a context of intense conversation around financial inclusion and a post-demonetisation scrutiny of all things cash on the one hand, and payment digitisation on the other. Our business is all about reaching cash anywhere in the country at the lowest cost possible. It is the stated mission of the company to increase cash velocity in the economy and hence every new business that CMS has entered in the recent past: Managed Services, Complete Line Maintenance of ATMs, Retail Cash Vaults and Currency Chest Management for India€™s largest bank, to name a few, has been with a view to enable the same.
The company today employs more than 24000 associates, earning it the recognition of being one of the most productive employment generators among emerging large companies. This team ensures that we cover 95% of all districts in India, every single day.