Mumbai, India – April 19, 2011
India, Mumbai, 19th April 2011: CMS Info Systems, a Blackstone portfolio company, today announced the appointment of Anup Neogi as Sr. VP & COO of the Securitas Cash Management business. CMS Securitas is currently the market leader in India’s fast growing ATM and Cash Management services with more than 40% market share. In his new role, Anup will focus on scaling the business operations, improving risk management and driving technology adoption.
Anup has more than 20 years experience in cash management and logistics services. In his previous role Anup served as CEO of Brinks India, where he had overall responsibility for the Indian operations which includes cash management and bullion/diamond transport solutions. Prior to this, he spent nearly 2 decades with Skypak where he served various leadership roles.
Commenting on the development, Rajiv Kaul, Executive Vice-Chairman and CEO, CMS Info Systems said, “CMS Securitas is our fastest growing division, with over 12,000 team members and reach across 2,100+ cities. It is a market leader servicing all leading banks in India. As we invest significantly to scale this unit, I am excited to have Anup, with his operational leadership across MNC and Indian environments, join us to help build Securitas into a 1,000cr unit.
Said Anup Neogi, Sr. VP & COO, CMS Securitas, “I am excited to join CMS, the market leader in India in the fast growing and exciting area of Cash Management. My focus will be to move up the value chain to offer our customers better value and integrated high quality services and increase our market share.”
CMS Securitas is a division of CMS Info Systems. As an end-to-end service provider, CMS Securitas offers ATM Operations and Management, Transaction Processing and Retail Cash Management.
CMS Info Systems was formed with transfer of business from CMS Computers in 2008.The Blackstone group, one of the largest PE firms has invested in CMS Info Systems whose offerings span application services, systems integration, IT infrastructure management including Print services, IT training businesses. It has market leadership in outsourced cash logistics, transaction printing, card personalization and self service solutions businesses. The company offers a wide bouquet of services across the value chain, focusing on Retail Banks, Insurance, Telecom, Retail, PSU and Government segments and serves over 700 large customers in India. The customer base is supported by 21,000+ CMS team members, spread across 180 offices in India.