CMS Info Systems Ltd, a prominent ATM services and cash management company, is actively seeking acquisitions in the fintech and financial inclusion sectors. The company is targeting annual revenue growth of 17-19%, aiming to reach a level of Rs 2,500-2,700 crore for the next financial year (FY25). CMS has identified inorganic growth as one of the drivers for medium-term growth and has completed six merger and acquisition deals, including the acquisition of Logicash Solutions’ ATM business in 2020 and Checkmate Services Private Ltd’s doorstep banking business. The company’s liquidity position, supported by healthy internal accrual generation and substantial cash and investments, positions it well for funding inorganic growth through acquisitions.
CMS Info Systems Eyes Fintech and Financial Inclusion Acquisitions, Targets 17-19% Revenue Growth
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