MUMBAI:  CMS Info Systems, India’s largest and world’s fifth largest cash management and payment solutions firm announced two key appointments. Subhash Kelkar comes on board as chief technology officer and Vijay Iyer is elevated to vice president of the cash management business and service delivery head.

Based in Mumbai, Kelkar and Iyer will provide further impetus and direction to developing and expanding the company’s businesses across the country.

Kelkar joins CMS Info Systems from IIFL Group where he managed four of the group’s companies and represented group IT to the IIFL Board. With over 25 years of experience, he has also led the digital transformation at brands such as Club Mahindra, Tech Mahindra and TCS.  At CMS, Kelkar will accelerate the company’s digital transformation in addition to managing the Managed Services Technology Projects.

In his new role, Iyer will oversee the operations in the North and Central zones and the process of building CMS as an agile commercial, finance and fleet organisation. Iyer’s appointment will help CMS’ leadership team to move forward to the next phase of growth in the cash management business. Vijay joined CMS in December 2018.  He is a CIT industry veteran and has worked at Brinks, Secure Value and AGS.

With a network spanning over 105,000 ATMs and retail outlets, CMS is uniquely positioned as the backbone of the ‘circulation cycle’ of the country's economy. Cash continues to be in strong demand even post demonetisation and demand for cash will continue to grow which has resulted in rising of ATM transaction volumes. Currently, as per April 2019, the economy has again seen an uptrend in currency circulation of Rs 21.42 lakh crore, recording an increase of 17.5 per cent on a Y-o-Y basis.