HMA Group is one of the most reputed & respected business conglomerates, possessing 25 years of domain knowledge in offering state-of-the-art retail banking solutions. The group has the honor of being the only corporate to have introduced the “ATM revolution in India” and bring in the concept of “outsourcing” to the banking industry. Having consolidated its position in serving the banking industry with state-of-the-art retail banking solutions, the HMA Group (our holding company) ventured into the business of land banking, promotion & development in the year 2004. The core competency of HMA Land Pvt. Ltd. is to purchase land with the objective of promoting & constructing amusement parks, theme parks, beach resorts, guest houses, commercial residential flats, commercial complexes, theatres and other kind of buildings and sell or lease/rent the same.
History & Milestones
HMA Data Systems Pvt. Ltd. (HMAD) – 1988
HMAD (the parent & promotor co.), the provider of electronic security solutions for banks and financial institutions, began its operations, way back in 1988.
Diebold - HMA – 1992
  • Diebold - HMA Pvt Ltd, 50:50 joint venture, formed in the year 1992, between Diebold Inc. USA & HMA Data Systems Pvt Ltd, India, offered a wide range of innovative and cost-effective self-service products & technological banking solutions. The company offered the Total Implementation Solution that allowed single window-shopping for banks for all their ATM needs
  • A brand built over a decade, installed over 3000 ATMs in the Indian Market. During the Year 2002, introduced India’s first ATM for visually impaired, for ICICI bank.
  • The joint venture company, with the market share, over 55%, crossed a turnover of more than USD 27 mn, till the parent company, on mutual consent, exited from the partnership in May 2003.
ISC Investment & Finance (P) Ltd. (ISC), formerly India Switch Company – 1995
ISC promoted by HMAD during the year 1995, has a proud history of pioneering in Business Process Outsourcing, Transaction Processing, Electronic Fund Transfer and Manager Services & Networking.
HMA STARware Pvt. Ltd (HMAS) – 2000
With proven capabilities in hardware & services part of operations, the only missing link in the HMA stable was a software solutions company. With a bid to become India’s total solutions group, the HMA hived its software division into a separate entity, HMA Starware Pvt. Ltd. [HMA Starware Pvt. Ltd. is now works under the unified umbrella of CGS Pvt. Ltd. – CashLink Global Systems Pvt. Ltd.,].
CashLink Global Systems Pvt. Ltd (CGS) – 2004
With wide experience and expertise gained over the years in the retail-banking arena, the group took the next logical step to launch an exclusive hardware company that would cater to the exact needs and demands of the Retail Banking sector. With the objective of bringing more automated approach to retail banking, HMA Group promoted CashLink Global Systems during the Year 2004.
HMA Land Pvt. Ltd – 2004
HMA Land Pvt Ltd, floated by the Group in the year 2004, primarily focuses on acquisition, development & promotion of land in the growing realty market of India.
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