Mumbai, India – Aug 26, 2020
CMS Info Systems (CMS), India’s leading Cash Management Services Company, today announced the elevation of Anush Raghavan to head its mothership Cash Business Unit. With a network spanning over 115,000 ATMs and retail outlets that spread across 98.3% of districts in India, CMS is uniquely positioned as the backbone of the ‘circulation cycle’ of the country’s economy.
Anush is currently the Senior Vice President and has been with CMS for the past 10 years. He has played a key role in scaling up the cash business. Over the years he has handled sales, operations, risk, strategy and been a core part of CMS’ growth journey in India.
As a three term President of the Cash Logistics Association (CLA), Anush has been instrumental in working with RBI and MHA towards regulatory compliance standards for the industry. He also played a key role in setting up of the Currency Cycle Association (CCA), which is a Self-Regulatory organization for the cash management industry. He currently serves as the President of the CCA. Anush is a post-graduate from IIM Ahmedabad, batch of 2007 and worked for The Hay Group as a consultant.
Speaking on this organizational development, Rajiv Kaul, Executive Vice Chairman, Chief Executive Officer and Whole time Director, said, "Anush has built close working relationships with all our key customers and has also worked closely with our field leaders over these years. With his understanding of the industry, our culture, business and team, I cannot think of anyone better to take CMS’ cash business to a stronger level of performance and growth. He will be supported by a strong team with leaders like Vijay Iyer, who had previously set up Secure Value operations in India and currently handles the combined role of Sales, Service and Operations for CMS. This is important to deliver a better ‘ONE CMS’ experience to our customers."
CMS is currently piloting Cash2Home delivery with Banks and Cash collections for other financial institutions.
CMS Info Systems Ltd. (CMS) is India’s leading Cash Management and Payment Solutions company, that handles cash processing to cash-intransit, from cards to ATM network management, retail management and managed services. CMS manages the entire flow and management of money for the 115,000 business points that it serves every day - from when the RBI initially deposits cash in the bank’s currency chests, to when cash is deposited back in banks after going through the various stages of the cash cycle. CMS became India’s largest physical payments company in 2012. Asia’s largest PE firm, Baring PE Asia owns 100% stake in CMS Info Systems. For more information, please visit: www.cms.com