CAMS Expands Footprint with New Office in GIFT City, Boosting Global Fund Services

On October 23, 2024, Computer Age Management Services Limited (CAMS), India’s leading registrar and transfer agent for mutual funds and a SEBI-regulated entity, opened its second office at GIFT City SEZ (Gujarat International Finance Tec-City Special Economic Zone) in Gandhinagar. 

CAMS is among the first Registrar & Transfer Agents (RTAs) to start operations in this city, providing extensive fund administration services to financial institutions launching funds both globally and within GIFT City.

GIFT City is an emerging hub that allows both global and Indian funds to access international markets. CAMS initially established its presence in GIFT City in 2021, and the opening of this larger second office supports the expanding needs of its clients. This expansion offers clients several benefits, including a favourable regulatory environment, strong infrastructure, global connectivity, and efficient administrative processes. The new office was inaugurated by Mr. Anuj Kumar, Managing Director of CAMS, and Mr. S K Mohanty, a director at CAMS and a former SEBI member, in the presence of regulatory officials and clients.

Anuj Kumar, Managing Director, CAMS, said, “Access to world-class infrastructure and facilities, a business-friendly regulatory environment, and tax incentives make GIFT city a preferred destination for both global and Indian Funds. We are delighted to expand our presence with the inauguration of our second facility in GIFT City. This strategic expansion underscores our commitment to provide top-tier services to financial institutions outsourcing operations to GIFT city.”

He further added, “Our holistic service stack, including transfer agency, fund administration, multi-currency and multi-geography fund-accounting and compliance services (delivered through CAMS WealthServ360 and Multifonds), is tailored to meet clients’ global expansion needs and their augmented growth aspirations. We are confident that our presence here will foster growth and innovation in the Indian investment landscape.” 

About CAMS Limited 

CAMS is a key partner in financial infrastructure and services for the asset management industry, offering platform-based solutions to the banking, financial services, and insurance (BFSI) sectors. It is India’s largest registrar and transfer agent for mutual funds, holding about 68% of the market share based on the average assets under management (AAUM). Since March 2015, CAMS has increased its market share from around 61% to approximately 68%. Among its clients are ten of the fifteen largest mutual funds in the country.

On October 23, 2024, CAMS Ltd’s share price opened at ₹4,393.00, touching the day’s high of ₹4,580.00  as of 12:34 PM on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.