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CMS to employ 1,000 employees in next 2 months

NEW DELHI: Leading cash management service provider provider CMS is planning to hire 1,000 employees in the next two months with salaries upward of Rs 30,000 per month as it expands into service vertical of cash collections for its partner banks,NBCs and Microfinance firms, a company official said.

 

CMS Info Systems (CMS) has signed up for cash and cheque collections with several companies, including, Mahindra Finance, L&T Finance and Hero FinCorp.

 

Anush Raghavan, Senior Vice-President and Head – Cash Business Unit of the CMS said that with a network spanning over 115,000 ATMs and retail outlets that spread across 98.3 per cent of districts in India, the company is uniquely positioned as the “backbone of the circulation cycle” of the economy.

 

“While CMS has built out the offering for NBFCs, we are also looking at the cash pickups from the other industries such as travel, education; cheque collections for the insurance industry, apart from doorstep banking service for senior citizens.”


CMS is looking to hire 1000 employees in the next two months. We will continue to expand and hire more in this fiscal,” he said.

 

Apart from cash collections, the collection agents of CMS would also be undertaking other services for NBFCs and MFIs such as KYC and other tech-enabled services. Average salary of such collection agents could be upwards of Rs 30,000 per month, CMS said.

PTI