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Leadership Team

Rajiv Kaul
Executive Vice Chairman, Chief Executive Officer and Whole Time Director
Pankaj Khandelwal
President and CFO
Manjunath Rao
President - Managed Services
Anush Raghavan
President – Cash Management Solutions
Sanjay Singh
Chief Human Resources Officer
Pankaj Rawat
Chief Marketing Officer
Vijay Iyer
Senior Vice President - Cash Management Solutions
Deepak Bhagchandaney
Senior Vice President - Managed Services
Pankaj Rawat
Chief Marketing Officer
Pankaj drives an integrated marketing and communications strategy to augment the positioning of CMS and brings over 18 years of experience across the mainstream and digital domain.
Prior to CMS, he served as a Director, Marketing & Communications at CRISIL Ltd, responsible for driving business impact marketing strategy across 11 global markets. He has also played key roles at HSBC, Angel One, and ING in establishing the brand, launching key campaigns, re-positioning the companies, and driving their ESG and Sustainability efforts.
Pankaj holds a bachelor’s degree in Physics from the University of Mumbai and an MBA from the Indian Institute of Planning and Management. He also completed his MDP in Digital Transformation from IIM, Calcutta.
Deepak Bhagchandaney
Senior Vice President - Managed Services
Deepak brings more than three decades of experience, including a decade of an entrepreneurial stint. With an established track record of running large tech-driven businesses, Deepak is currently driving Brown Label ATMs (BLA) and AIoT-based Remote Monitoring & e-surveillance businesses for our Managed Services business.
In his previous leadership roles at Spanco, Alcatel, Motorola, and Tata Telecom, Deepak has scaled large businesses by creating successful outcomes in complex situations.
Deepak is an alumnus of NMIMS, Mumbai University.
Rajiv Kaul
Executive Vice Chairman, Chief Executive Officer and Whole Time Director
Rajiv Kaul is the Executive Vice Chairman, Whole Time Director and CEO of our Company. He has been associated with our Company since July 1, 2009. He is currently heading the Company and is responsible for the overall management of our Company. He holds a bachelor’s degree in engineering specialising in computer science from Birla Institute of Technology, Mesra and a post-graduate diploma in business management specialising in marketing and finance, from XLRI - Xavier School of Management, Jamshedpur. He has over 24 years of experience across technology, private equity and cash management industry. Prior to his association with our Company, he was associated with Actis Capital LLP, London as a partner and with Microsoft Corporation (India) Private Limited in the capacity of general manager and managing director, India from where he moved to Redmond, USA as senior director of emerging markets including BRIC. He was formerly a member of RBI’s Committee on Currency Movement, which was constituted post demonetisation to review movement of fresh currency. In the past, he has been associated with National Association of Software and Service Companies as an elected member to the executive council and was also a member of the national council of CII from 2003 to 2005. He is also a member of the general council of Birla Institute of Technology, Mesra.
Pankaj Khandelwal
President and CFO
Pankaj Khandelwal is the President and Chief Financial Officer of our Company. He has been associated with our Company since July 1, 2009 and prior to the demerger was associated with CMS Computers Limited as a chief financial officer since May 8, 2006. He is currently responsible for finance, legal and secretarial function of our Company. He holds a bachelor’s degree in commerce from University of Rajasthan and is a qualified chartered accountant from ICAI with over 27 years of experience. In the past, he has been associated with Gajra Bevel Gears Limited in the capacity of deputy general manager (accounts) and with NRC Limited in the capacity of vice president (commercial).
Manjunath Rao
President - Managed Services
Manjunath leads the Managed Services business unit at CMS and has been associated with the company since July 2012. He is responsible to drive an integrated technology-led services & solutions platform by offering Banking Automation, Software Solutions, and AIoT-based Remote Monitoring Services.
He has over 34 years of experience in handling enterprise sales and services including leadership roles in leading global institutions. Prior to CMS, Manjunath has been associated with NCR Corporation India in the capacity of Country Manager and Interim Managing Director and as Chief Operating Officer at CashLink Global Systems. He has also served as the Director of Sales and Marketing at Diebold Systems India Private Limited.
Manjunath holds a Bachelor’s degree in Science, with a specialization in Statistics from Madras University.
Anush Raghavan
President – Cash Management Solutions
Anush Raghavan is the President- Cash Management Business of our Company. He has been associated with our Company since October 1, 2009. He is currently heading the cash management business of our Company He holds a bachelor’s degree in academic laws from University of Mysore and a post-graduate diploma in management from Indian Institute of Management, Ahmedabad. He has over 14 years of experience in business management and business development. He has previously been associated with Hay Consultants India Private Limited in the capacity of an associate consultant. He is the president of Cash Logistics Association and Currency Cycle Association.
Vijay Iyer
Senior Vice President - Cash Management Solutions
Vijay brings more than two decades of experience in the Indian cash management industry. With a proven track record of process re-engineering and productivity enhancement, Vijay is currently responsible to drive operations efficiency, service delivery, and complex project management for our cash management business.
In his previous leadership roles with Securevalue India Ltd. AGS Transact Technologies Ltd and Brinks Arya India Ltd., Vijay has grown the scale and diversity of the range of services offered.
Vijay is an alumnus of Mumbai University.
Sheen Sunny Akkara
Chief Human Resource Officer
Over 25 years of experience across various sectors. In the past, he has been associated with Nielsen India Private Limited as Executive Director (Human Resources), Deloitte Consulting India Private Limited as Vice President (Talent) and Sutherland Global Services Private Limited as General Manager
Subhash Kelkar
CTO
More than 26 years of diverse IT experience across IIFL, Club Mahindra and Tech Mahindra.
Sanjay Singh
Chief Human Resources Officer
Sanjay leads the people and social agenda at CMS and is currently responsible for developing and executing the HR and CSR strategy.
With over three decades of human resources leadership and business partnership experience in transforming business strategy into organizational effectiveness, he has been previously associated with Cairn India Ltd., Hi-Tech Gears Ltd., and Strides Pharma Science Ltd. in diverse leadership roles.
Sanjay holds a bachelor’s degree in science, with a specialization in dairy technology from the National Dairy Research Institute, Karnal, and a postgraduate diploma in personnel management and industrial relations from the Institute of Management and Labour Studies, XLRI Jamshedpur.