Computer Age Management Services

Computer Age Management Services Pvt. Ltd.
Private
Industry
Founded India (1988 (1988))
Headquarters M.G.R.Salai, Nungambakkam, Chennai, India, India
Key people
 N. Koteswara Prasad (President and CEO)
M. Somasundaram, (CFO)
Products
  • Services to Mutual Funds, PAN/TIN Services, Payment Services, Services to Private Insurance Companies, Alternate Investment Fund, Banks & NBFCs, National Pension System, CAMS Insurance Repository & KYC Services
Number of employees
 4800+
Website www.camsonline.com

Computer Age Management Services (CAMS) is a Mutual Fund Transfer Agency[1] to the Indian Asset Management Companies with a share of 61% [2] of the assets under management (AuM). The company was incorporated in year 1988. CAMS is an institutionally owned company with three shareholders - NSE Strategic Investment Corporation – subsidiary of National Stock Exchange Ltd., HDFC Bank group and Acsys.[3]

History

CAMS was founded in early 1988 by V Shankar as a start-up in the area of Software Development and Computer Education. This was a promising venture, and for a period of 3–4 years in the early 90s, it was one of the establishments in Chennai, similar to NIIT in the education domain.

During Y2K, CAMS decided that the domestic financial services was the area on focus, and the area of operation in managed services among the IT services.

The Indian Financial Services went through a renaissance in the period 1997/8-2006/7, with changes in regulation, products and supporting infrastructure. Financial businesses, always early adopters, started taking advantage of technology and networking to facilitate their business, and CAMS pivoted into what are now known as Platform based services to the Indian Financial industry. In 2013 the HDFC Group invested into CAMS,[4] facilitating in its chosen businesses. In 2007 the company accepted a PE investor to further facilitate help in its operations. In early 2014 India’s Stock Exchange, the NSE, took a position in the Company.[5]

CAMS started off with a team of 20 personnel and started to process Transfer Agency operations during the early nineties. CAMS had handled IPOs like IPCA Laboratories, Wockhardt Ltd, NCD issues of RPPL, RPEL, Crossland Research Labs Ltd etc. CAMS was also known for processing the first ever allotment of Cars for Ford Escort Model, launched during 1996 by Ford India Pvt Ltd.

With the advent of close-ended Mutual Funds, CAMS was involved in processing of Indian Bank Mutual Fund and later started to handle the operations of Alliance Capital Mutual Fund. This was the first Open Ended Mutual Fund of CAMS. CAMS also handled the oldest of Indian Mutual Funds like JM Mutual Fund, ITC Threadneedle, Zurich India Mutual Fund, Sun & FC Mutual Fund, Dundee Mutual Fund, Taurus Mutual Fund etc.

As of May 2016, CAMS employs over 4800 staff and offers services to the Mutual Fund, Insurance and Banking industries through its network of 314 locations all over India.[6]

Services Offered

Services to Mutual Funds using ERP kind of IT platform

Services for Private Equity & Venture Funds

Operations

As of September 2014, CAMS has all India presence with around 314 Customer Service Centers (CSCs) and all these branches are linked on a real time.

These CSCs normally provide services to Mutual Fund, Insurance, Private Equity, KRA and NPS processes. In these CSCs, the customers have an option to enquire about their investments, obtain statement of accounts, seek portfolio valuations, buy, sell, switch mutual fund units, notify changes in their account details, register and submit KRA applications.

CAMS has enabled self-servicing through the investor and distributor services webpages on its website.

Subsidiaries

CAMSRep - CAMS Repository Services Ltd ("CAMSRep") – is licensed by IRDA to provide insurance repository services such as:

Outsourced Services to Private Insurance Companies

Marketing & Distribution including

Branch Operations / Restructuring

New Business & Underwriting

Policy Administration & Policy Servicing

Persistency

CAMS KRA

CAMS Investor Services Pvt Ltd ("CAMS KRA") is a SEBI registered KYC Registration Agency (KRA) providing KYC registration services[7] and maintains KYC records of the investors centrally, on behalf of capital market intermediaries registered with SEBI, eliminating the need to repeat KYC. The details of services offered are:

CAMS KRA Online Services for Clients


CAMS KRA Online services for Intermediaries

Sterling Software Pvt Ltd is subsidiary software solution provider of CAMS for Mutual Fund industries globally. Sterling supports all its service users like the Mutual Fund House, the Distributor and the Investor.

Sterling serves the requirements of Mutual Funds, Asset Management Companies, Fund Distributors and intermediaries. All its products are designed [8] and customized using Client Server Architecture for Oracle Databases with Microsoft .Net and other Internet enabled front ends.

Memberships, Associations, Accreditations

CAMS is the founding member of Registrars Association of India (RAIN)[9] which was founded in the year 1991. RAIN is a representative body of Registrars and Share Transfer Agents in India.

CAMS is a member of The National Association of Software and Services Companies of the USA.[10] CAMS is an ISO 9001 – 2008, ISO 27001 compliant organization as well as being compliant to SOC 1 & 2 (UTC)standards Service Organization Controls Service Organization Controls

References

This article is issued from Wikipedia - version of the 10/22/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.