Chairman’s Message

Dear Stakeholders,

I am happy to address you as part of the Annual Report of CAMS for FY23 at a time when the world has almost come out of the Pandemic. The year also witnessed the capital markets weighingin the impact of various macroeconomic events including the Russia-Ukraine war, high inflation, and reports of China Covid surge. Despite the global volatility and slowdown, the Indian MF Industry remained resilient, particularly with retail investor participation.

CAMS retained its performance levels and continued to make significant progress in operational excellence and customer satisfaction. It successfully managed multiple large New Fund Offers for Mutual Fund houses smoothly and efficiently. It has also geared up to meet the increased requirements of the MF industry due to the growing volumes. It has been making significant investments in enhancing its operational capabilities, cyber security features and technological innovations.

The Company continued to focus on its growth through multiple avenues. It has been appointed as the Registrar and Transfer Agent for Helios and Navi Mutual fund. The momentum in the Alternatives platform and services increased both on the revenue side and in launching market relevant technology. There has also been significant progress as Account Aggregator and TSP combination, onboarding several marquee banks, broking houses, NBFCs and wealth platforms. The Insurance Repository business saw improved traction and the number of eInsurance accounts that is being opened was on a continuous increase. The CRA operations completed the first full year of operations during the year and eNPS clocked a double-digit market share and PoP modules went live. MFCentral, India’s first industry-wide all-in-one investment management platform which was launched last year along with other RTA has seen increased utilisation by the investors. The payments business carried on by the Company has become a regulated business and the Company has received the in-principle approval from Reserve Bank of India for carrying out the business as a Payment Aggregator.

As part of its efforts to increase its Non Mutual Fund revenue and for improving its presence in new edge technology platforms, CAMS has acquired a controlling stake in two start-up entities viz. Fintuple and Think360 AI. Integration of their products with the services of CAMS is underway and this will assist CAMS in building overall market reach and drive innovation. The product and solution suite of Think360 AI is a great fit to the Account Aggregator offerings of CAMS, and this will help the Company to solidify its position as a digital public infrastructure. This acquisition will also further drive CAMS’ vision of providing technologically superior products in the analytics space.

On behalf of the Board of CAMS, I would like to thank investors, intermediaries and all the customers who avail our services for making us the industry leader. My heartfelt gratitude to all the employees of CAMS Group for their commitment to excel and hard work which has enabled the Company to retain its leadership position. I would also like to thank our shareholders who have reposed their faith in us and the Directors on the Board for their support and active participation in the governance of the Company.

Warm Regards,