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Kilam will be relieved from his responsibilities after the end of working hours on 24 November 2023.
The firm said that it has already shortlisted his replacement who is expected to join the company shortly.
CMS is a cash management and managed services provider. The cash management segment includes ATM cash management, retail cash management and cash in transit. The managed services include banking automation, brown label ATM, managed services, software solutions and remote monitoring.
The company's consolidated net profit jumped 16.3% to Rs 84.36 crore on 15.3% improvement in revenue from operations to Rs 543.73 crore in Q2 FY24 over Q2 FY23.
Shares of CMS Info Systems shed 0.14% to Rs 394.70 on the BSE.
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