Radiant Cash Management Services IPO

Radiant Cash Management Services is an integrated cash logistics player with leading presence in retail cash management (“RCM”) segment of the cash management services industry in India. It is one of the largest players in the RCM segment in terms of network locations as it provides services across 13,044 pin codes in India covering all districts (other than Lakshadweep). The company has 55,513 touch points serving more than 5,388 locations as of July 31, 2022.

The company operates their business across five verticals — cash pick-up and delivery; network currency management; cash processing; cash vans /cash in transit; and other value added services.

The company’s marquee clients include some of the largest foreign, private and public sector banks, and the end user of our services include some of the largest e-commerce companies, retail chains, NBFCs, insurance firms, e-commerce logistics players, railways and retail petroleum distribution outlets. Amongst the company’s key clients are Axis Bank, Citibank, Deutsche Bank, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Standard Chartered Bank, State Bank of India, The Hongkong and Shanghai Banking Corporation and Yes Bank.

Radiant’s end user segments are fairly well diversified across multiple sectors, including e-commerce companies, retail chains, NBFCs, insurance firms, ecommerce logistics players, railways and retail petroleum distribution outlets. Some of the end users of our services include Bajaj Finance, Equitas Small Finance Bank, Ecom Express Private, Delhivery and Hiveloop Logistics.

Further, Radiant has created ‘RADMUS’ mobile application which is an enterprise mobile application for secure end-to-end reconciliation between the customer, end user and Radiant.