Ahead of IPO of CMS Info Systems, Executive VC & CEO Rajiv Kaul speaks to Anil Singhvi; opens up on business and more

Talking about the mechanism behind the ATM, Zee Business' Managing Editor, Anil Singhvi, talked to Rajiv Kaul, Executive Vice Chairman & CEO, Whole-time Director at CMS Info-Systems. 

He was joined by Pankaj Khandelwal, President and Chief Financial Officer (CFO) at CMS Infosystems.

The banking sector in India will grow in tandem with country's growth and so will the support system behind it, Rajiv Kaul, Executive Vice Chairman & CEO, Whole-time Director at CMS Info-Systems said. The banks will need a deep network to support them, he added. 

It is a B2B outsourcing company which offer a platform spread across 15,000 pin codes and 98 per cent districts and have their networks spread across every state of the country, Kaul said. The company has a fleet of around 4000 vehicles, with which they work for the banks at a point of around 1.3 lakhs points, Kaul claimed. 

The Executive Vice Chairman was speaking to Zee Business Managing Editor Anil Singhvi ahead of the IPO which open on Tuesday.

Kaul said that they are working in the cash management sector with 66,000 ATMs, and through this, they generated around Rs 900 crore as revenue last year. 

Along with it, the company also offer ATM management services. They have also won an order book, which is worth more than Rs 1500 crores, despite the business being worth Rs 360 crores for it.

Apart from the two sectors, they also offer tech solutions to the bank, enabling them to monitor their sites remotely. They've won an order book of Rs 400 crores within 12 months of initiating it.

Kaul said that their network distribution platform is their biggest advantage. 

Explaining the reason behind improving margins, Khandelwal said that they had made a lot of investments in technology and operational efficiency. If you look back around 3 years, they have made a CapEx of Rs 300 - Rs 350 crores, which was done to comply with RBI as well. Their revenue grew by 21 per cent in 2020.

IPO details:

Opening Date of Issue: 21 December to 23 December

Price Band: Rs 205 - Rs 216

Lot Size: 69 shares

Issue Size: Rs 1100 crores

Minimum Investment: Rs 14,904

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देखिए IPO से पहले मैनेजमेंट के साथ अनिल सिंघवी की खास बातचीत@systems_cms | @AnilSinghvi_ | @kaulrajiv | #IPOAlert pic.twitter.com/SR8U2PyJNA

— Zee Business (@ZeeBusiness) December 20, 2021