Yusuf Pachmariwala Appointed as Managing Director & CEO of Hitachi Cash Management Services

Hitachi Cash Management Services (CMS), a subsidiary of Hitachi Payment Services, has officially announced the appointment of Yusuf Pachmariwala as its Managing Director & Chief Executive Officer (MD & CEO), effective April 1, 2025. He will be succeeding Anup Neogi, who has decided to retire from his role after a successful tenure.

This leadership change is expected to further strengthen Hitachi CMS’s position in the cash management industry, leveraging Pachmariwala’s extensive experience in cash business operations and digital payments.

Background of Yusuf Pachmariwala

Yusuf Pachmariwala is currently serving as the Director, Operations – Cash Business at Hitachi Payment Services. Over the years, he has played a crucial role in scaling cash business operations within the company. His leadership has been instrumental in ensuring efficient cash logistics, ATM management, and payment processing solutions across India.

With a deep understanding of the evolving financial technology landscape, Pachmariwala’s expertise in the cash and digital payments ecosystem makes him a suitable candidate to drive Hitachi CMS’s next phase of growth.

Hitachi Payment Services: An Industry Leader

Hitachi Payment Services is one of India’s leading end-to-end payment solution providers. The company has established itself as a key player in the financial services sector, with an extensive network that includes:

• Over 79,000 ATMs under management
• More than 3 million merchant touchpoints nationwide
• Processing over 7 million digital transactions daily

The company has been instrumental in providing cash management services, ATM solutions, and digital payment processing to banks and financial institutions across the country.

What This Appointment Means for Hitachi CMS

The appointment of Yusuf Pachmariwala is expected to bring:

1. Strategic Growth Initiatives – Strengthening the cash and payment services business with innovative solutions.
2. Operational Efficiency – Enhancing cash management operations with a customer-centric and technology-driven approach.
3. Expansion of Services – Driving expansion in ATM management, digital payments, and fintech solutions.
4. Digital Transformation – Accelerating the adoption of digital and automated solutions for seamless transactions.

The Legacy of Anup Neogi

Anup Neogi, the outgoing MD & CEO, has been a key figure in shaping Hitachi CMS’s market presence. Under his leadership, the company has witnessed significant growth in cash management and financial solutions. His contributions have laid a strong foundation for continued success under the new leadership.

Future of Hitachi Cash Management Services

With India’s financial ecosystem evolving rapidly, the demand for efficient cash management and digital payment solutions is increasing. Under Pachmariwala’s leadership, Hitachi CMS aims to:

• Enhance service quality and efficiency for banking partners and clients.
• Invest in advanced technologies to improve cash logistics and security.
• Expand its footprint in the Indian financial services market.
• Foster innovation in digital and cash payment services.

Summary of the news