CMS wins Rs 1,000 Cr SBI integrated cash solutions contract for 5,000 ATMs

CMS Info Systems Limited (CMS) has been awarded a ₹1,000 crore, 10‑year contract from State Bank of India (SBI), the company announced. This is the first such direct large PSU bank cash outsourcing contract, covering 5,000 bank-owned ATMs across India. The project will include managed services, improving cash efficiency, and delivering higher ATM uptime to benefit millions of bank customers. The contract goes live in January 2026.

This win marks a clear preference for integrated solutions in bank outsourcing. This contract further builds on CMS’s partnership with the SBI through large and complex projects, including multi‑vendor software solution (ALGO MVS), vision AI solution HAWKAI, and managed services for ATMs.

Commenting on the win, Anush Raghavan, Chief Business Officer, said, “This landmark Rs 1,000 crore, 10-year contract from SBI will deliver incremental revenue growth of Rs 500 Cr. A large part of India’s ATM channel was disrupted in 2025, and we have played an active role in helping stabilize 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.”