Computer Age Management Services Limited stands as India's premier technology-driven financial infrastructure and services provider, with a commanding presence in the mutual fund industry. The company is India's largest registrar and transfer agent of mutual funds with an aggregate market share of nearly 68% based on mutual fund average assets under management (AAUM). Its mutual fund clients include ten of the fifteen largest mutual funds, demonstrating its deep-rooted relationships with the industry's key players.
Computer Age Management Services (CAMS) is India's largest Mutual Fund Transfer Agency, controlling over 69% of mutual fund assets in the country. Founded in 1988, it is approved by the Securities and Exchange Board of India (SEBI) and has since gained a reputation for being a technology-enabled services partner. The company has evolved from a traditional transfer agent to a comprehensive financial infrastructure provider, serving diverse segments including mutual funds, alternative investment funds, insurance companies, and banks.
The company offers technology-enabled solutions to Mutual Funds and Private Equity Funds, offering services like account creation, transaction processing, and redemptions. It is India's largest registrar and transfer agent of mutual funds with an aggregate market share of 68% based on mutual fund average assets under management (AAUM). It serves 26 of 50 fund houses in the industry, including 10 of the top 15 mutual funds.
The mutual fund segment represents the core of CAMS' business operations, contributing approximately 87% of revenues in the nine months of FY25. The company's dominance in this space is further reinforced by its continuous expansion, with Angel One MF and Unifi MF launched their first funds during the quarter, taking the total number of live AMCs with CAMS to 21. Looking ahead, five additional AMCs are expected to go live on CAMS' platform over the next six months.
The Company provides financial infrastructure and services to mutual funds (MFs), alternative investment funds (AIFs), insurance companies, and other financial institutions. It also provides services in electronic payments, know your customer (KYC) and national pension system (NPS) registration, insurance repository services, and account aggregation.
The company's alternatives business has shown remarkable growth, with CAMS Alternatives having a standout quarter, winning 56+ new mandates, bringing the FY25 total to over 200. Its digital platform, WealthServ360, continues to dominate the alternatives space, serving 200+ clients for onboarding and servicing.
Computer Age Management Services Ltd has a market capitalization of ₹20,864 Crore as of July 2025, reflecting its substantial market presence and investor confidence. The company's financial performance demonstrates consistent growth across key metrics.
Q4 FY25 Performance:
- For the final quarter of FY25, CAMS recorded a YoY revenue from operations of ₹356.2 Crore. This is up by 14.7% from ₹310.5 Crore in the corresponding quarter last year.
- In CAMS Q4 results, the company posted a consolidated net profit of ₹114 Crore. This marks a 10% year-on-year (YoY) rise from ₹103.5 Crore reported in the same quarter of the previous fiscal year.
- The EPS of Computer Age Management Services is 23.08 for the quarter ended March 2025 and 95.41 for the financial year 2024-25.
Annual Performance FY25:
- In 2024, NSE:CAMS's revenue was ₹14.22 billion, an increase of 25.16% compared to the previous year's 11.37 billion. Earnings were ₹4.70 billion, an increase of 32.96%.
- Revenue: ₹1,334 Crore. Profit: ₹441 Crore.
CAMS has established itself as a technology pioneer in the financial services sector. The company's digital transformation initiatives include platforms like MFCentral, myCAMS mobile app, and WealthServ360. It provides MF Central, an investor platform for monitoring and managing mutual fund investments; myCAMS, a mobile app and portal for retail investors to manage and transact across multiple mutual funds; and digiLoan that enables investors to pledge mutual fund units digitally for loans.
Think360 launched a new Personal Finance Management (PFM) product and is currently implementing it for one of India's most downloaded financial apps, expanding its digital engagement offerings. This demonstrates the company's commitment to innovation and its ability to adapt to changing market demands.
The mutual fund industry in India has witnessed unprecedented growth, driven by increasing retail participation and systematic investment plans (SIPs). Equity assets continued to thrive, crossing the ₹25 lakh Crore milestone, supported by steady inflow despite market volatility. Net inflows for the quarter remained largely stable YoY at ₹72,624 Crore, with a significant 86% growth in FY25 over FY24.
The number of Live SIPs reached 5.7 Crore in Q4 FY25, marking an 18% YoY growth. New SIP registrations stood at 86.6 lakh, flat YoY but reflecting a 51% annual growth over FY24. This growth in SIPs directly benefits CAMS as it processes these transactions and earns recurring revenues.
Company is almost debt free. Company has a good return on equity (ROE) track record: 3 Years ROE 41.6%. Company has been maintaining a healthy dividend payout of 72.1%. This strong financial position provides the company with flexibility to invest in growth opportunities while maintaining shareholder returns.
The Board has recommended a final dividend of ₹19 per share for FY25, reflecting the company's commitment to sharing its success with shareholders. Current dividend yield is 1.71%. An investment of ₹1,000 in the stock is expected to generate a dividend of ₹17.12 every year.
CAMS continues to expand its service offerings beyond traditional mutual fund transfer agency services. The company's strategic focus on alternative investment funds, insurance repository services, and fintech solutions positions it well for future growth. CAMSPay recorded an impressive 85% YoY revenue growth (64% growth for FY25 over FY24). The launch of BIMA-ASBA for premium payments in partnership with three insurance clients marked a key milestone.
The company's expansion into new segments like KYC registration for brokerages and NPS services through its subsidiary Fintuple demonstrates its ability to leverage its core competencies in new markets. CAMSKRA expanded its footprint in the non-mutual fund segment by onboarding three prominent brokerages during Q4 FY25.
Computer Age Management Services remains well-positioned to capitalize on India's growing financial services sector, with its dominant market position, strong technology platform, and diversified service offerings providing multiple growth avenues for sustained long-term performance.
