CMS Info rallies up to 7% on winning SBI contract worth ₹1,000 crore

CMS Info Systems Limited surged nearly 7% on WednesdayJanuary 7,  as the company said it won a ₹1,000 crore integrated cash solutions contract from State Bank of India.

In a regulatory filing, CMS said the 10-year contract will cover around 5,000 bank-owned ATMs across the country and will go live in January 2026. The project includes managed services aimed at improving cash efficiency and enhancing ATM uptime for SBI customers.

The company said this is the first large, direct cash outsourcing contract of this scale awarded by a PSU bank, underscoring a growing preference for integrated solutions in bank outsourcing.

CMS Info's Chief Business Officer Anush Raghavan said that the "landmark" contract is expected to generate incremental revenue of around ₹500 crore over its tenure.

Raghavan said, "A large part of India’s ATM channel was disrupted in 2025, and we have played an active role in helping stabilise ATM operations for many banks."

"This long-term contract will provide stability and high-quality services to millions of consumers with seamless self-service banking," he added.

The cash management company also said that the win strengthens its long-standing relationship with SBI, building on earlier engagements that included large and complex projects such as multi-vendor software solutions, vision AI deployments and ATM managed services.

Shares of CMS Info Systems Ltd surged nearly 8% from intraday lows, following the announcement. The stock has since come down and was trading at ₹354.10 as of 11:25 am, still 3.60% up from the opening price. 

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