As part of its commitment to building future-ready leadership, CAMS launched the FuEL (Future Emerging Leaders) program – an intensive 21-month initiative aimed at developing a strong pipeline of professionals with deep expertise in both technology and business operations. Through this program, CAMS has hired over 180 talented individuals from leading institutions such as IITs, IIMs, XLRI, Great Lakes Institute of Management, and others. The recruitment spans a wide range of roles including Graduate Engineer Trainees, Software Development Engineers, Risk, Process, and Market Analysts, along with experienced professionals from diverse industries.
Notably, the Company has also onboarded 10+ PhDs specialising in Artificial Intelligence and Computer Vision to enhance its research and innovation capabilities in the fintech space.
CAMSRep launched Bima Central, a one-stop platform designed to simplify insurance portfolio management for policyholders by helping users to easily manage policies purchased from different insurers on a single platform.
Through their secure e-Insurance Account (eIA), users can manage Life, Health, and Motor insurance policies with features like policy summaries, renewal reminders, profile updates, nominee management, and a policy calendar. New users can also open an eIA instantly on Bima Central after completing their KYC. The platform is currently available in English and Hindi across Android, iOS, and web.
CAMS partnered with Google Cloud to build a nextgeneration platform to modernise its business services, especially for the Indian asset management industry. This new platform will use advanced cloud technologies to improve efficiency, accuracy, and service delivery for digital-first customers.
With a modular design, AI-powered digital tools, and strong data management capabilities, the platform aims to streamline transaction processing and enhance overall performance. It will also include advanced security and digital sovereignty features tailored to the Indian market.
The platform will be developed in phases over the next five years and will be funded through internal accruals. The project is expected to have minimal impact on profit margins during the implementation period.
As India’s largest registrar and transfer agent for mutual funds and a leading platform for alternative investments, CAMS inaugurated a larger facility at GIFT City SEZ, Gandhinagar. With this expansion, CAMS strengthens its presence at GIFT City and continues to offer fund administration services to financial institutions launching funds in India and globally
The new, larger facility supports the growing needs of its clients and aligns with their global expansion plans. It was inaugurated by Mr. Anuj Kumar, Managing Director of CAMS, and Mr. S. K. Mohanty, Director at CAMS and former SEBI whole-time member, in the presence of regulatory officials and clients.
In line with SEBI’s 2021 directive to enhance investor convenience, CAMS and KFintech collaborated to launch MF Central, a centralised platform that allows investors to access and transact across multiple mutual fund houses through a single interface. The platform was initially launched in September 2021 with non-financial services, followed by the launch of its mobile app and full range of financial transactions in 2023.
To further strengthen this initiative, CAMS and KFintech have now formalised MF Central into a standalone joint venture company, with equal ownership. Both partners will continue to focus on its development – across technology, sales, and marketing – to expand investor services and enhance the overall mutual fund experience.
CAMSRep achieved a major milestone by crossing 1 crore insurance policies in electronic format, reflective of a strong and growing preference among policyholders to manage their insurance digitally. While it took nearly five years to reach the first 10 lakh policies, the most recent 10 lakh were added in just four months – showing rapid growth in recent times.This marks the second major milestone for Bima Central, India’s only digital insurance portfolio management platform.
During the year, CAMS won the first international mandate to the Registrar and Transfer Agent (RTA) for CeyBank, a leading Sri Lankan Asset Management company catering to a wide variety of investor needs in Sri Lanka.
CAMSRep has expanded the capabilities of its Bima Central platform by directly integrating with ICICI Prudential Life, one of India’s largest private life insurers. This integration allows CAMSRep e-Insurance Account (eIA) holders to access real-time services for their ICICI Prudential Life policies, including renewal payments, updating personal and bank details, and changing nominee/appointee information. The system also ensures that any changes made at ICICI Prudential Life’s service points are automatically reflected in the digital policy records held in the eIA, maintaining data accuracy and consistency. This integration was made possible through close collaboration between the CAMSRep and ICICI Prudential Life Customer Service and IT teams, with a strong focus on data security, compliance, and process integrity.
CAMSRep continues to work on adding more insurers to the platform, aiming to provide complete servicing access for all eIA holders. Bima Central is also preparing to launch digital features for lien marking and assignment of policies for loans – making the policy loan process fully digital.
This marks the second major milestone for Bima Central, India’s only digital insurance portfolio management platform.
CAMS Insurance Repository Services Limited (CAMSRep) has signed an agreement with Life Insurance Corporation of India (LIC), the country’s largest life insurer. With this partnership, LIC’s insurance policies can now be issued in electronic (dematerialised) format through e-Insurance Accounts (eIA) opened with CAMSRep.
This is a major milestone for the insurance industry, as LIC begins offering digital policies for the first time.
