Dear Stakeholders,
FY 2025-26 was another year of strong execution, strategic progress and operational resilience for Computer Age Management Services Limited ("CAMS"). Amid evolving market conditions and continued transformation across India's financial services landscape, your Company delivered record revenues, sustained profitability and made meaningful progress across its strategic priorities.
India's financialisation journey continued to gather momentum during the year. The mutual fund industry witnessed sustained growth driven by increasing retail participation, robust SIP inflows, rising digital adoption and growing investor awareness across geographies. Equity-oriented investments remained healthy despite intermittent market volatility, while the expanding penetration of financial products continued to reinforce the long-term structural opportunity for the industry.
Against this backdrop, CAMS continued to strengthen its leadership position as India's largest registrar and transfer agent for mutual funds. During FY 2025-26, we serviced mutual fund assets under management of over ₹ 55.1 Lakh Crore and maintained our leadership position with nearly ~ 68% market share by assets serviced. The scale, reliability and resilience of our platforms enabled us to process record transaction volumes while consistently delivering high standards of service and operational efficiency.
For FY 2025-26, the Company reported consolidated revenue from operations of ₹ 1,516 Crore, representing healthy year-on-year growth. Profitability remained robust with EBITDA margins of approximately 45%, reflecting the strength of our scalable operating model, disciplined execution and sustained focus on operational excellence.
One of the defining themes of the year was the continued progress in our diversification strategy. Our non-mutual fund businesses delivered strong growth and increased their contribution to the overall business portfolio. CAMSPay continued to strengthen its position in the digital payments' ecosystem, while CAMS Alternatives expanded its engagement across alternative investment funds and portfolio management services. Our insurance repository, KYC registration and account aggregation-related offerings also continued to witness steady growth, supported by increasing digitisation across financial services.
Technology and innovation remain central to CAMS' long-term strategy. During the year, we accelerated investments in our multi-year platform transformation programme focussed on cloud-enabled infrastructure, modular platforms, data modernisation and AI-led automation. These initiatives have improved scalability, strengthened cybersecurity capabilities, enhanced operational resilience and enabled superior customer experience across our platforms.
We also undertook several operational improvement initiatives during the year to strengthen efficiency and service delivery. Enhanced automation across key workflows, improved digital servicing capabilities and modernised transaction processing infrastructure contributed to faster turnaround times, improved productivity and stronger operating leverage. As transaction volumes and investor interactions continue to scale, these capabilities position CAMS strongly for the future.
The year also saw recognition of our continued commitment to technology excellence, customer-centric innovation and operational reliability. CAMS and its platforms received appreciation and recognition across industry forums for digital transformation, fintech enablement and service excellence. These recognitions reaffirm the trust placed in us by clients, investors and ecosystem participants. The company is in the process of rearchitecting its platform which will also incorporate the AI capabilities.
Technology and innovation remain central to CAMS' long-term strategy. During the year, we accelerated investments in our multi-year platform transformation programme focussed on cloud-enabled infrastructure, modular platforms, data modernisation and AI-led automation.
At CAMS, governance, trust and compliance remain foundational to the way we operate. As custodians of critical financial infrastructure, we remain deeply focussed on operational resilience, risk management, information security and regulatory compliance. We also continue to strengthen our ESG commitments and responsible business practices in alignment with the expectations of our stakeholders and the communities we serve.
I would like to express my sincere gratitude to our clients, investors, regulators, business partners and Board members for their continued trust and support. Most importantly, I thank all our employees for their dedication, agility and unwavering commitment to excellence. Their collective efforts continue to be the cornerstone of CAMS' success.
India's financial services sector remains at an inflection point with significant long-term growth potential. With our market leadership, strong technology capabilities, diversified growth engines and deep domain expertise, CAMS is well positioned to participate meaningfully in the next phase of growth and continue creating sustainable long-term value for all stakeholders.
Warm regards,
Anuj Kumar
Managing Director & CEO