HCL Infosystems, India’s premier information enabling, ICT System Integration company today announced that it has bagged an order of over Rs. 40 crs from the largest public sector bank State Bank of India and associated banks to deploy, maintain & service Automated Teller Machines (ATMs). HCL will deploy over 1000 ATMs and cash dispensers across the country. The state of the art ATMs will come with enhanced features like Braille enablement and support for multi lingual content. This is a first of its kind order for HCL Infosystems since its tie-up with Korean major Nautilus Hyosung, to provide complete ATM solutions for banks across the country.
“We have been focusing on providing innovative banking & finance solutions for the Indian market. This order from SBI is once again a recognition of our reach & capability to rollout and support technology solutions across the country. Given the potential of this sector, we are sure that with our ATM solutions we will be able to raise the bar for the banking & financial solutions in India”, said Mr. J.V. Ramamurthy, Chief Operating Officer, HCL Infosystems Ltd.
The HCL – Nautilus Hyosung range of ATM’s offers products that have been customized to the various requirements of the Indian Market. Going ahead, HCL also plans to introduce rural ATMs, meant for deployment by banks in locations with relatively low transaction volumes and also help in the Financial Inclusion initiatives of banks. This solution will be an ideal vehicle to offer cost-effective ATM convenience to the largely untapped rural areas taking the power of banking to every Indian.
India being an emerging market has high growth rate and size. The Total number of ATM installations is proximately over 40,000 units and the ATM’s per million people approximately is 33 units as compared to Korea which is 1,920 units. Experts forecast that the growth rate (CAGR) is expected to grow at 18% by 2013. With just over 40,000 ATMs in India, a country with a population of over 1.2 billion, there is a demand for ATM banking services across India. HCL with its extensive domain knowledge and Product experience on both the ATM & various application software platforms and remote management solutions can contribute to make ATM an effective channel to extend financial services across the country.
About HCL Infosystems Ltd.
HCL Infosystems Ltd, with revenue (LTM) of US $ 2.7 billion (Rs. 12,445 crores) is India’s premier information enabling and ICT System Integration company offering a wide spectrum of ICT products that includes Computing, Storage, Networking, Security, Telecom, Imaging and Retail. HCL is a one-stop-shop for all the ICT requirements of an organization. India’s leading System Integration and Infrastructure Management Services Organization, HCL has specialized expertise across verticals including Telecom, BFSI, E-Governance & Power. HCL has India’s largest distribution and retail network, taking to market a range of Digital Lifestyle products in partnership with leading global ICT brands, including Apple, Cisco, Ericsson, Kingston, Kodak, Konica Minolta, Microsoft, Nokia, Toshiba, and many more. HCL today has India’s largest vertically integrated computer manufacturing facility with over three decades of electronic manufacturing experience & HCL desktops is the largest selling brand into the enterprise space. With India?s largest ICT services network that reaches to every corner of India, HCL?s award winning Support Services makes it the preferred choice of enterprise and consumers alike. HCL Infosystems has a 100% subsidiary that addresses the physical security technology system integration market. The subsidiary leverages technology to build a security framework called “Safe State? that will safe guard life, infrastructure & society. For more information please visit us at www.hclinfosystems.in
HCL is a $5 billion leading global Technology and IT Enterprise that comprises two companies listed in India – HCL Technologies & HCL Infosystems. Founded in 1976, HCL is one of India’s original IT garage start-ups, a pioneer of modern computing, and a global transformational enterprise today. Its range of offerings spans Product Engineering, Custom & Package Applications, BPO, IT Infrastructure Services, IT Hardware, Systems Integration, and distribution of ICT products across a wide range of focused industry verticals. The HCL team comprises over 60,000 professionals of diverse nationalities, who operate from 23 countries including over 500 points of presence in India. HCL has global partnerships with several leading Fortune 1000 firms, including leading IT and Technology firms. For more information, please visit www.hcl.in