Radiant CMS Secures ₹35 Crore Order from IDBI Bank for Cash Management Services
Radiant Cash Management Services Limited secured a ₹35 Crore order from IDBI Bank for Cash Delivery & Pick-up services. The three-year contract begins April 1, 2026. The order value includes ₹15 Crores from renewal of existing business.
The order value of ₹35 Crores is significant and will contribute to the company's revenue over three years, impacting its financial performance.
The company has secured a new order, which is a positive development for its business and revenue.
Radiant Cash Management Services Limited (RADIANTCMS) has announced securing a significant order from IDBI Bank Limited. The company received a Letter of Intent (LOI) for providing Dedicated Cash Van Business, Cash Delivery & Pick-up (CDP) Services across seven zones.
The contract is for a period of three years, commencing from April 1, 2026, and will extend until March 31, 2029. The total consideration for this order is approximately ₹35 Crores. This amount includes the renewal of existing business, which accounts for about ₹15 Crores.
The order has been awarded by a domestic entity, IDBI Bank Limited, and does not involve any promoters, promoter group, or group companies having an interest in the awarding entity. The transaction is not considered a related party transaction and is conducted at arm's length. The company received the work order on February 11, 2026, at 11:00 am.
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Radiant Cash Management Services Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Radiant Cash Management Services Limited. Read the original for the full detail.