📌At a glance:Computer Age Management Services Ltd (CAMS) has doubled its revenue and2x’d profitin 5 years, without launching a single app you’d recognize. With68% mutual fund RTA market share, a chokehold on back-end operations, and ROCE of 57%, CAMS is the most profitable “invisible tech” stock in India. And it’s giving your favorite SaaS stocks a serious complex.
💼 About the Company
- Name:Computer Age Management Services Ltd (CAMS)
- Founded:Pre-dotcom bubble
- Listed:2020
- Business:India’s largestRTA (Registrar & Transfer Agent)for mutual funds
- Core Services:
- Investor onboarding
- KYC, transaction processing
- Distributor services
- Backend tech for 26 AMCs (including 10 of top 15)
🧠 Basically, when you invest in a mutual fund via Zerodha, Groww, or anywhere — CAMS is quietly running the backend like a tech ninja in chappals.
👨💼 Key Managerial Personnel (KMP)
| Name | Role |
|---|---|
| Anuj Kumar | CEO & Whole-time Director |
| S. Venkateswaran | CFO |
| V Shankar | Chairman |
💡 Most of the leadership is ex-Citibank, TCS, and HDFC — a perfect blend of compliance nerds and tech bureaucrats.
🧾 5-Year Financial Performance (FY21–FY25)
| Year | Revenue (₹ Cr) | Net Profit (₹ Cr) | EPS (₹) | ROCE (%) | Dividend Payout (%) |
|---|---|---|---|---|---|
| FY21 | 674 | 219 | 44.88 | 53% | 140% |
| FY22 | 864 | 289 | 59.18 | 61% | 65% |
| FY23 | 929 | 275 | 56.04 | 48% | 67% |
| FY24 | 1,054 | 337 | 68.60 | 50% | 68% |
| FY25 | 1,334 | 441 | 89.22 | 57% | 81% |
📈5-Year CAGR:
- Revenue:18.2%
- Profit:19.1%
- EPS:18.0%
- ROE:45.9% (FY25)
- Debt:ZERO
📊 Business Mix — Mutual Funds, But With Moats
1.RTA Services (87% of revenue):
- Serves 26 out of 50 AMCs in India
- Exclusive backend for Jio BlackRock MF, Choice MF, and Pantomath MF in FY25
- Every new MF = more annuity revenue
2.Insurance Repository, AIF Services, KYC & ONDC-related platforms:
- Slowly expanding into alternate asset servicing
- Launched “edge360” for distributors
- Digital Signature infra (DigiSahamati
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