Computer Age Management Services Ltd · NSE:CAMS
Computer Age Management Services — Investor Day (February 2026)
61 slides from Computer Age Management Services's investor day presentation, Feb 5, 2026
Slide 1: Investor Presentation - Analyst Day cover letter
5th February 2026 BSE Limited, National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th floor, Plot No. C/1, Dalal Street G Block, Bandra Kurla Complex, Bandra Mumbai 400 001 (East), Mumbai 400 051 Scrip Code: 543232 Trading Symbol: CAMS Dear Sirs / Madam, Sub: Investo
Slide 2: Framework of Trust - Analysts Day 2026
: Framework 2 of Trust Analysts Day - 2026
Slide 3: Year Gone By – MF business
Year Gone By – MF business Strengthening market leadership with superior performance, resilient scaling and a rapid return to peak profitability
Slide 4: Sustained momentum in new AMC mandates – winning on merits, value beats price
SUSTAINED MOMENTUM IN NEW AMC MANDATES – WINNING ON MERITS, VALUE BEATS PRICE 6 AMCs taken LIVE in CY25 Won – Yet to Go live
Slide 5: CAMS Platform Now Powers Large and Fast-growing AMCs
CAMS Platform Now Powers 24 Large and Fast-growing AMCs CAMS services ₹55 Trillion AuM* of the ₹82.0 Trillion Indian MF industry ~68% market share 4 out of Top 5 AMCs & 6 of the Top 10 AMCs Yet to Note: AuM for Dec’25 Launch
Slide 6: Sustained Market Leadership, Superior Equity AUM Growth
Sustained Market Leadership, Superior Equity AUM Growth CAMS AUM (in Trillion) Equity AUM (in Trillion) 56 31 54.7 30.3 67.5% Share 66.4% Share 54 30 52 29 28 50 27 48 65.7% Share 67.4% Share 26 25.6 46.3 46 25 44 24 42 23 Dec’24 Dec’25 Dec’24 Dec’25 In Dec’2025 CAMS’s share in overall AuM has In De
Slide 7: Scaling at Speed: Operational Excellence with Zero Disruption
Scaling at Speed: Operational Excellence with Zero Disruption SIP Book Systematic Transactions Transaction Volume 63.8 Mn. Processed 777 Mn. (as on December 31, 2025) 639.5 Mn. Y-o-Y: 19% Y-o-Y:22% Y-o-Y: 8% Unique Investors Serviced Live Investor Folios 44.6 Mn. 107.8 Mn. (as on December 31, 2025)
Slide 8: Scaling at Speed: Operational Excellence with Zero Disruption
Scaling at Speed: Operational Excellence with Zero Disruption Currently at an aggregate level, the CAMS has a share of ~68% of industry’s complaints to transactions % is at assets, whereas CAMS serviced Funds’ 0.002% and the absolute number of share of complaints (absolute number complaints has decl
Slide 9: SIF: New Asset Category Unlocking Fresh Growth Pathways
SIF: New Asset Category Unlocking Fresh Growth Pathways 12 CAMS Serviced AMCs in 4 Successful SIF launches till date scope for SIFs Other funds in Q4 FY26 & Q1 FY27 Rs.3500+ Cr. Rs.5 Lakh Cr. Sales from successful SIF launches AUM Opportunity in 3-5 years Minimum Rs.10 Lakh Equivalent of new AMC– In
Slide 10: Scaling to Peak Revenue & EBITDA Within a Year, Even Amid Price Realignment
Scaling to Peak Revenue & EBITDA Within a Year, Even Amid Price Realignment MF - Operating Revenue (₹ Lakh) Enterprise – OPEBITDA (₹ Lakh) 34,000 18,500 33,500 33,337 17,936 One Time Price reduction 18,000 33,000 One Time Price reduction 17,377 32,409 impact 32,257 17,500 impact 32,500 17,000 16,813
Slide 11: Our Non-MF business
Our Non-MF business Driving sustained Non-MF momentum with innovative products, platform leadership and a focused roadmap to 20%+ CAGR Revenue Growth
Slide 12: Non-MF revenue grew 26% CAGR over 5 years on innovative product launches
NON-MF REVENUE GREW 26% CAGR OVER 5 YEARS ON THE BACK OF INNOVATIVE PRODUCT LAUNCHES & SUSTAINED SALES EFFORTS Steady Progress: Non-MF Revenue Share Climbs to 14.5% from 9.8% in Five Years FY’26 FY’25 PG FY’24 FY’23 Affluence 360 RAIDAR FY’22 10 MIN KYC
Slide 13: CAMSPay emerges as a standout growth driver + payment gateway expansion
12 CAMSPay emerges as a standout growth driver + payment gateway expansion CAMSPay posted strong results, revenue grows 41% (9M Y-o-Y) UPI AutoPay (new service line) transactions grows 96% (9M Y-o-Y) Payment Gateway business (cards) off to a strong start, 19% revenue contribution (9M FY26) from near
Slide 14: CAMS Alternatives Evolves into a Leadership Platform, Deepening GIFT City Footprint
CAMS Alternatives Evolves into a Leadership Platform, Deepening Its GIFT City Footprint Through Industry-First Launches Revenue up ~14% (9M Y-o-Y), clocks highest ever quarterly revenue in Q3 FY26 Sustains leadership position with over 50% outsourced market share 250+ mandates on CAMS WealthServ (di
Slide 15: CAMS KRA market share + diversification beyond MF
CAMS KRA market share + diversification beyond MF #2 in India with 2.15 Cr+ unique users, Continues to improve market share by increased penetration across capital market ecosystem Acquired and integrated NSE Dotex KRA Business to cement leadership position The momentum in new client sign-ups contin
Slide 16: CAMSRep Achieves Scale; Bima Central Sees Sustained Adoption
15 CAMSRep Achieves Scale Through Strategic Signups, while Bima Central Sees Sustained Adoption and Volume Growth CAMS Rep Bima Central Revenue grows 19% (9M Y-o-Y) on the back LIC starts eIA account conversions paving of increased conversion of policies to demat way for wider adoption 01 04 4 insur
Slide 17: Target 20%+ CAGR over the next 3 years in Non-MF businesses
16 TARGET 20%+ CAGR OVER THE NEXT 3 YEARS TO FORTIFY OUR POSITION IN THE NON-MF BUSINESSES IN KEY FOCUS SEGMENTS FY’27 and beyond Target Rs.400 Cr revenue by FY’29 from non-MF Businesses Launched the Payment Gateway New products and offerings like business in FY’26, which is expected 05 ConsenPro, P
Slide 18: Framework of Trust - Analysts Day 2026
: Framework 2 of Trust Analysts Day - 2026
Slide 19: CAMS Lens
i ‘CAMS Lens
Slide 20: Framework of Trust - Analysts Day 2026
: Framework 2 of Trust Analysts Day - 2026
Slide 21: Scan to submit your questions
20 Scan to submit your questions ‹#›
Slide 22: Soumendu Ganguly, Chief Operating Officer
Soumendu Ganguly Chief Operating Officer
Slide 23: Re-Architecture program
Re-Architecture program
Slide 24: 3 Pillars of Re-Architecture
3 PILLARS OF RE-ARCHITECHTURE RE-ARCH EFFICIENCY SCALE AI@ITS CORE
Slide 25: Efficiency
Self remediating workflows EFFICIENCY Error reduction Near real-time tracking & visibility
Slide 26: Efficiency
EFFICIENCY |
Slide 27: Scale
SCALE
Slide 28: AI @ Its Core
Domain-trained SLM AI @ ITS Self-learning flows CORE Advanced algorithms for fraud & anomaly detection
Slide 29: Scan to submit your questions
28 Scan to submit your questions ‹#›
Slide 30: Framework of Trust - Analysts Day 2026
: Framework 2 of Trust Analysts Day - 2026
Slide 31: ConsenPro
o Ws onsenPro
Slide 32: Amit Das, CEO and Co-Founder, Think360 AI
Amit Das Chief Executive Officer and Co-Founder, Think360 AI
Slide 33: Consent Pro: The 3D Trust Lifecycle
Consent Pro: The 3D Trust Lifecycle DPDP Act Compliance: The Key Value 8h @ C G Data Assets & Compliant Sensitivity Mapping Customer Journeys Co 3. DEPLOY nO) Seamless API-first Integration
Slide 34: Framework of Trust - Analysts Day 2026
: Framework 2 of Trust Analysts Day - 2026
Slide 35: Scan to submit your questions
34 Scan to submit your questions ‹#›
Slide 36: CAMS Analyst Day - Framework of Trust
Fra CAMS Analyst Day b mewOrk of Trust
Slide 37: Bima Central Administrator
Bima Central Administrator
Slide 38: Vivek Bengani, CEO – CAMSRep
Vivek Bengani Chief Executive Officer – CAMSRep
Slide 39: Bima Central Snapshot
Bima Central Snapshot Bima Central has established the benefit realisation value proposition, offering a bouquet of verified policy maintenance services, reflected by strong growth in subscriber base. eIA base ~ doubled Service Volume ~doubled 1 crore ~1.1 crore 82k/month 59 lacs 45k/month Multi-Cur
Slide 40: Framework of Trust - Analysts Day 2026
: Framework 2 of Trust Analysts Day - 2026
Slide 41: Scan to submit your questions
40 Scan to submit your questions ‹#›
Slide 42: CAMS Analyst Day - Framework of Trust
Fra CAMS Analyst Day b mewOrk of Trust
Slide 43: Assisted Digital Mutual Funds Investment - Unified
Assisted Digital Mutual Funds Investment - UNIFIED A unified, all-encompassing biometric-enabled assisted digital device that powers compliant, paperless end-to- end investor journey - anytime, anywhere India’s MF stack is digitally robust, but ~58% of investors Built for : still lean toward assiste
Slide 44: A single assisted device powering a compliant, paperless investor journey
A single assisted device powering a compliant, paperless investor journey - from first touch to final completion
Slide 45: ID2Pay
ID2Pay ID2Pay
Slide 46: Scan to submit your questions
45 Scan to submit your questions ‹#›
Slide 47: Ram Charan Sesharaman, Chief Financial Officer
Ram Charan Sesharaman Chief Financial Officer
Slide 48: CAMS Financial Performance
CAMS Financial Performance
Slide 49: CAMS has demonstrated impressive revenue growth over the last 5 years
CAMS has demonstrated impressive Revenue growth over the last 5 years Revenue (INR Cr) CAGR 17% 1,600 1,400 1,200 1,000 800 1,515-1,525 1,422 600 1,137 910 972 400 705 200 - FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 esti. 12M based on 9M actuals
Slide 50: Impressive Mutual Fund revenue growth over the last 5 years
CAMS has demonstrated impressive Mutual Fund Revenue growth over the last 5 years Mutual Fund Revenue (INR Cr) Mutual Fund AAuM (INR Tn) 60.0 CAGR 22% CAGR 15% 54.0 1,500 1,300-1,305 50.0 1,237 44.6 196 40.0 988 1,000 874 33.4 820 159 30.0 27.3 134 25.5 637 130 20.0 94 20.0 1,515-1,530 500 1,041 829
Slide 51: Correlation between AAuM and fee growth; scale-based pricing impact
Correlation between AAuM and Fee growth is consistent, Impact of scale-based pricing and price reductions close to long term averages AAuM & Fee Growth - 5 yr CAGR 25% 22% 20% 20% 20% 20% 15% 15% 16% 16% 16% ❖ Fee growth vs AAuM growth for the past 5 years has been 14% 15% 12% between 74 - 80%. 11%
Slide 52: Robust momentum in Non-Mutual Fund revenue growth
CAMS has shown robust momentum in Non–Mutual Fund Revenue growth Revenue (INR Cr) 250 CAGR 26% 200 150 1,515-1,530 215-225 100 185 149 50 98 90 69 - FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 esti. 12M based on 9M actuals
Slide 53: Cost optimisation through productivity, improvements and automation in MF business
CAMS has continuously demonstrated cost optimisation through productivity, improvements and automation in Mutual fund business Average Annual MF Transaction Count (in Cr) Overall Head count increase 120 CAGR 26% 9,000 104 8,000 1,013 8% 915 100 89 7,000 797 738 1,125 1,221 14% 676 80 6,000 1,010 687
Slide 54: High bottom-line growth over the last 5 years
CAMS has continuously demonstrated high bottom- line growth over the last 5 years EBITDA & PAT (INR Cr) CAGR 18% 800 685-695 700 656 CAGR 18% 600 506 500 470 476-482 424 422 400 354 296 287 285 300 205 200 100 - FY21 FY22 FY23 FY24 FY25 FY 26 esti. 12M based on 9M actuals EBITDA PAT Inspite of yield
Slide 55: Market Benchmark
= } -Market Benchmark
Slide 56: CAMS vs Nifty companies: revenue and EBITDA growth
CAMS VS NIFTY 500 COMPANIES ( till FY 25) Revenue Growth EBITDA Growth 50,000 1,400 9,000 700 4 yr CAGR - 19% 4 yr CAGR – 22% 45,000 1,200 8,000 Rest of Nifty 500 Average EBITDA 600 Nifty 500 Average Revenue 40,000 7,000 35,000 1,000 500 CAMS Revenue 6,000 CAMS EBITDA 30,000 4 yr CAGR - 16% 800 4 yr
Slide 57: CAMS vs Nifty companies: EPS growth and return on equity
CAMS VS NIFTY 500 COMPANIES ( till FY 25) EPS Growth Return On Equity 9000 120 8000 60.00 4 yr CAGR - 23% 100 7000 4 yr Average = 43% Nifty 500 Average EPS 50.00 6000 80 CAMS EPS 40.00 5000 60 4000 30.00 4 yr CAGR - 16% 3000 40 4 yr Average = 17% 20.00 2000 20 10.00 1000 0 0 0.00 2021 2022 2023 2024
Slide 58: Ranked in the top 15% across critical earnings metrics
RANKED IN THE TOP 15% ACROSS CRITICAL EARNINGS METRIC IN 2025 25% CAMS PERFORMANCE w.r.t NIFTY 500 20% Percentile Rank 15% Top 15% 10% Top 10% 5% Top 5% 0% ROE PAT % EBITDA% Metrics
Slide 59: Framework of Trust - Analysts Day 2026
: Framework 2 of Trust Analysts Day - 2026
Slide 60: Q&A
Q&A
Slide 61: Thank you
= Thank you
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