CMS Strengthens ATM Management Through FSS Deal

31 Mar 2026 CW Team

Company executives said the acquisition is consistent with the group's 2030 goals and reflects a programmematic approach to consolidation in the managed services industry. CMS's ATM Management Solutions business generated Rs 13,000 mn in FY25 services revenue and carries an 11 per cent compound annual growth rate outlook through FY30. The managed services portfolio increases from about 31,000 to 39,000 units, distinct from the roughly 68,000 machines that CMS services through its currency logistics operations.

FSS, established in 1991, has been a recognised name in payments and banking technology and has developed long standing relationships with demanding public and private sector banking clients over three decades. Bringing FSS operations and staff onto CMS's platform is expected to deepen operational capabilities and create immediate opportunities to serve these institutions across cash logistics, remote monitoring solutions and software offerings. CMS intends to realise integration efficiencies through its existing infrastructure and operating scale as the business is absorbed into the platform.

CMS continues to build a unified platform comprising ATM Management Solutions, Retail Solutions and Currency Logistics, and Technology and Payment Solutions to serve banks, financial institutions, organised retail and e-commerce companies across India. The company reports a pan India network covering 97 per cent of districts and technology capabilities that include HAWKAI remote monitoring and ALGO MVS software. Listed on national exchanges since December 2021, CMS is focused on disciplined growth, high free cash flow conversion and expanding its total addressable market in banking and organised retail.

CMS Info Systems Limited has acquired the ATM Managed Services business of Financial Software and Systems Private Limited, with a purchase consideration of up to Rs 1,150 mn. The transaction involves the transfer of operating assets and novation of customer contracts and is expected to close in Q1 FY27. The deal adds approximately eight thousand managed units and brings new private sector banking relationships to CMS's platform. Company executives said the acquisition is consistent with the group's 2030 goals and reflects a programmematic approach to consolidation in the managed services industry. CMS's ATM Management Solutions business generated Rs 13,000 mn in FY25 services revenue and carries an 11 per cent compound annual growth rate outlook through FY30. The managed services portfolio increases from about 31,000 to 39,000 units, distinct from the roughly 68,000 machines that CMS services through its currency logistics operations. FSS, established in 1991, has been a recognised name in payments and banking technology and has developed long standing relationships with demanding public and private sector banking clients over three decades. Bringing FSS operations and staff onto CMS's platform is expected to deepen operational capabilities and create immediate opportunities to serve these institutions across cash logistics, remote monitoring solutions and software offerings. CMS intends to realise integration efficiencies through its existing infrastructure and operating scale as the business is absorbed into the platform. CMS continues to build a unified platform comprising ATM Management Solutions, Retail Solutions and Currency Logistics, and Technology and Payment Solutions to serve banks, financial institutions, organised retail and e-commerce companies across India. The company reports a pan India network covering 97 per cent of districts and technology capabilities that include HAWKAI remote monitoring and ALGO MVS software. Listed on national exchanges since December 2021, CMS is focused on disciplined growth, high free cash flow conversion and expanding its total addressable market in banking and organised retail.

Products

20 Apr 2026

OrnaMatte Brings Premium Matte Finishes to Modern Interiors

Action TESA has introduced OrnaMatte, a curated range of 38 matte finishes designed for contemporary interior surfaces. The new offering combines premium aesthetics with practical performance, reflecting the growing demand for surface solutions that balance design appeal with durability. The company said matte finishes continue to gain popularity for their understated, elegant look across modern interiors. OrnaMatte features anti-fingerprint properties, a velvety satin feel, near-zero gloss and 3H scratch resistance, making it suitable for long-term use in residential and commercial spaces. ..

Real Estate

20 Apr 2026

Vestian reports 36% drop in construction activity in Q1

Vestian reported a 36 per cent quarter-on-quarter decline in new office completions to 9.7 million sq ft in Q1 2026, marking the lowest level in the past four quarters amid the West Asia crisis.The slowdown was led by cities such as Bengaluru, Hyderabad and Mumbai, where developers adopted a cautious approach. Hyderabad saw the steepest drop, with completions falling 95 per cent to 0.3 million sq ft from 6.0 million sq ft in the previous quarter.Despite constrained supply, office absorption rose 20 per cent year-on-year to 21.53 million sq ft, driven by sustained demand from global capability ..

Real Estate

20 Apr 2026

fäm Properties reports 95% sales in Dubai 2026 supply

Data from DXBinteract shows that 41,015 of 43,217 units due this year have already been sold. Across the 2026–2029 pipeline, 71.45 per cent of 426,182 units have been committed, indicating sustained absorption levels.The analysis highlights strong demand across leading developers, with several reporting near or full sell-outs. Emaar and Meraas have sold over 99 per cent of their 2026 inventory, while Dubai Holding and Meydan projects are fully sold.Commenting on the trend, Firas Al Msaddi, CEO, fam Properties, said, “Dubai continues to demonstrate a level of forward demand that is structur..