K Sateeshkumar (29) and K Arunkumar (22), both from Udumalpet in Tirupur district, were working in a firm in Souripalayam here, which had been entrusted with remitting cash in ATMs.
They had been tasked with filling cash in seven ATMs from Pollachi to Udumalpet after drawing money from various banks.
However, an audit found a shortage of Rs 90 lakh in the ATMs during the April 2 to May 5 period.
Based on a complaint by the firm, police registered a case against the duo, who had been absconding.
Police said they acted on specific clues that the duo had fled to Himachal Pradesh, following which a team went to that state, arrested them and brought them here today.