 "ATM, banks, cash withdrawal, bank fraud, debit card, credit")
Baring Private Equity-backed CMS Info Systems (CMS), plans invest upto Rs 1,300 crore to scale up its managed ATM business and cash management business in India.
Rajiv Kaul, vice-chairman and wholetime director, CMS Info System, said that starting with a capital expenditure of Rs 180-200 crore, the company expects to create 2,000 jobs.
Out of them, 70 per cent of will be blue-collar job opportunities, and the balance 30 per cent white-collar ones.
The investment will be funded through internal accrual and debt. The span for investment would be over seven years, Kaul said.
For the time being, the firm does not envisage specific
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