Corporate Governance

About us

Radiant Cash Management Services (RCMS) was founded in March 2005 by Colonel David Devasahayam under the name of Radiant Cash Management Services Private Limited. Col. David Devasahayam is the Chairman and Managing Director of the Company

RCMS is an ISO-Certified Company, and an integrated Cash Logistics Player with a leading presence in the Retail Cash Management (“RCM”) segment of the cash management services industry in India and are one of the largest players in the RCM segment in terms of network locations or touch points served and on revenue or profitability as of Fiscal 2021. (Source: F&S Report). We provide services across 13,000 plus pin codes in India, covering all districts (other than Lakshadweep) with more than 66,000 touch points serving more than 6,200 locations as of September 30, 2023. Our 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.

The Company is listed on the Stock Exchanges of BSE Limited and National Stock Exchange of India Limited w.e.f. 04 January, 2023 and is among the top 1000 listed Companies India, based on the Market Capitalisation as on 31 March, 2023.

The Company has one Subsidiary “Aceware Fintech Services Pvt. Ltd”, a Cochin based banking correspondence & fintech services provider for Banks / Financial Institutions / Merchants, facilitating digital payment solutions and other allied services to the rural population.

About The Founder

Colonel David Devasahayam

Col. David Devasahayam is the Chairman and Managing Director and founder of our Company. He holds a bachelor’s degree in science from Jawaharlal Nehru University along with a master’s degree in science in defence studies from University of Madras. He has also completed the 44th session of the Owner/President Management Program at Harvard Business School. He has served in the Indian Army for over twenty four years. He has been associated with our Company since its incorporation in 2005. He has 16 years of experience in relation to his professional association with the Company. He received an award at the Security Leadership Summit in 2011 and was also awarded one of Asia’s Greatest Leader Award by ‘Asia One’ in 2018.

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Key Awards & Accolades



The Company received an award at ‘Asia’s Greatest Brands 2018’ award in the Category ‘Cash Logistics Services’ by ‘Asia One’ magazine.



Was awarded the gold medal by the Institute of Economic Studies (IES) India at the “Global Economic Scenario” seminar held in Bangkok, Thailand.



Received the ‘Best Cash Management Services’ award at the 3rd State Conference CAPSI & APDI Tamil Nadu and Pondicherry chapter.



Key Managerial Personnels (KMP)