Market Leader stock engaged in providing investor, distribution, and asset management company services jumped upto 5 percent in the day’s trade upon receiving authorization from RBI to operate as an Online Payment Aggregator.
With a market capitalization of Rs. 15,622 Crores, the shares of Computer Age Management Services Limited were trading at Rs. 3,175, up 4 percent from its previous day’s close price of Rs. 3,052.50.
Computer Age Management Services Limited has received authorization from The Reserve Bank of India (RBI), to operate as an Online Payment Aggregator. It received an in-principle authorization from RBI in February 2023.
CAMSPAY, the payment business unit of Computer Age Management Services Limited has been at the forefront of the payment solutions industry for the past 15 years, specializing in providing secure, seamless, and innovative payment services tailored specifically to the unique needs of the Banking, Financial Services, and Insurance (BFSI), and Education Technology (Ed-Tech) sectors.
CAMSPay serves a diverse portfolio of clients which include, Banks, Mutual Funds, Insurance Companies, and Non-Banking Finance Companies. In March 2024, CAMSPay achieved a record-setting registration of more than 1.2 million mandates for UPI Autopay, underlining the company’s growing influence in the online Digital Payments Segment.
Its Collaboration with major Banks in the country and with the National Payments Corporation of India (NPCI) further enhances the capability to deliver a broad spectrum of payment services to the markets we serve.
Computer Age Management Services Limited is engaged in providing investor services, distributor services, and asset management company services. It acts as a transfer agency for mutual funds, catering to Indian asset management firms. It is India’s largest registrar and transfer agent with an aggregate market share of 68.2 percent.
Computer Age Management Services Limited has a Pan-India physical network comprising 280 service centers spread over 25 states and 5 union territories. It provides services to 9 of the 15 largest Mutual Funds in India with ~20 years average relationship with the 10 largest MF clients
Its revenue breakdown as of Q3FY24 consists of 73.2 percent from MF asset-based,14 percent from MF non-asset-based, and 12.8 percent from non-met fund.
Its revenue from operations grew by 15.45 percent from Rs. 233 Crores in Q3FY23 to Rs. 269 Crores in Q4FY24, accompanied by profits of Rs. 71 Crores to Rs. 86 Crores.
Written by: Bharath K.S
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