CMS Info Systems Ltd. Company History and Annual Growth Details

The Company was originally incorporated as ‘Subhiksha Realty Private Limited’, at Mumbai, Maharashtra as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated March 26, 2008 issued by the RoC. The name of the Company was subsequently changed to ‘CMS Info Systems Private Limited’ pursuant to a fresh certificate of incorporation granted by the RoC on December 10, 2008. Thereafter, the Company was converted into a public limited company pursuant to a special resolution passed in the extra ordinary general meeting of the Shareholders held on December 24, 2014 and the name of the Company was changed to the present name ‘CMS Info Systems Limited’, pursuant to a fresh certificate of incorporation issued by the RoC on January 27, 2015.

Major events and milestones of the Company :

2008

- Incorporation of the Company as a private limited company, with the name of ‘Subhiksha Realty Private Limited’.

2009

- The IT infrastructure management division of CMS Computers Limited was demerged and transferred to the Company, pursuant to a scheme of arrangement approved vide an order of the High Court of Bombay dated April 24, 2009.

- Pursuant to a share subscription and shareholders agreement dated November 26, 2008, amongst CMS Computers Limited, Blackstone FP Capital Partners (Mauritius) V Limited, Ramesh Grover and certain other individuals/entities, the Company allotted two Equity shares for every three equity or preference shares of CMS Computers Limited as consideration of the demerger which resulted in Blackstone FP Capital Partners (Mauritius) V Limited acquiring 56.67% shareholding of the Company.

2011

- The ATM and cash management division of CMS Securitas Limited was demerged and transferred to the Company; pursuant to a scheme of arrangement approved vide orders of the High Court of Bombay and High Court of Delhi dated October 25, 2010 and January 17, 2011, respectively.

- The Company acquired SIPL, through purchase of its entire shareholding pursuant to a share purchase agreement dated May 23, 2011 amongst SIPL, Anuj Puri, Anil Puri and the Company.

2013

- The Company won a large order for ATM deployment in India from SBI, to deploy more than 7,850 ATMs.

2015

- The IT and print division of the Company was demerged and transferred to CMS IT Services Private Limited, pursuant to a scheme of arrangement approved vide an order of the High Court of Bombay dated January 23, 2015.

- The Company was converted from a private limited company into a public limited company and consequently the name of the Company was changed to its present name ‘CMS Info Systems Limited’, pursuant to a fresh certificate of incorporation granted by the RoC on January 27, 2015.

- Sion Investment Holdings Pte. Limited, an affiliate of Baring Private Equity Asia, acquired the entire shareholding of the Company pursuant to a share purchase agreement with Blackstone FP Capital Partners (Mauritius) V Limited and other individuals/entities dated February 16, 2015, amended vide an amendment agreement dated August 19, 2015, an amendment and waiver agreement dated August 20, 2015 and a settlement agreement dated December 18, 2017.

2017

- The Company acquired the business, assets and liabilities of Clover Transaction Systems Private Limited as a going concern, on an ‘as is where is’ basis and on slump sale basis, pursuant to a business transfer agreement.

2018

- The Company acquired the business undertaking, assets and liabilities of door-step banking business vertical of banking division of Checkmate Services Private Limited a going concern and on a slump sale basis, pursuant to a business transfer agreement.

2020

- The Company acquired 5,340 identified ATMs from Logicash Solutions Private Limited

- The Company entered into a service level agreement with State Bank of India to install 3,000 ATMs.

2021

- The Company won an order for remote monitoring of 9,520 ATMs from State Bank of India.

- The Company entered into a share purchase agreement with Hemabh Solutions, Hemalsinh Gohil, Abhijeet Lamture and Hemabh Solutions Private Limited