Nautilus Hyosung has partnered with HCL Infosystems to provide complete ATM solutions for 

Indian banks across the country with special emphasis on service offering for rural India. 
With just 38000 plus ATMs in India, a country with a population of over 1.2 billion, there is a 

huge demand for ATM banking services across India. Nautilus Hyosung comes with extensive 

knowledge and Product experience on both the ATM and various application software 

platforms and remote management solutions to make the ATM an effective channel.
Commenting on the partnership, J V Ramamurthy, COO, HCL Infosystems said, “HCL has 

been working with major banks across the country for the past 33 years and with our 500+ 

service touch points spreading across 4,000 cities, we are well placed to address the market 

anywhere in India. We are very excited about this project as we believe that this partnership 

will make banking a smoother experience for many banking customers in the urban and rural 

areas.”

Speaking on the occasion, Hyun Sik Sohn, Sr. Executive vice president, Nautilus Hyosung, 

said, “Banking in India has come a long way due to a combination of factors like increasing 

consumer awareness, technological advancement and growing financial value. Our tie-up with 

HCL is definitely a long-term commitment, which will bring value to the Indian banks and will 

definitely give a good opportunity to get closer to the customers across India.”
India being an emerging market has high growth rate and size. Number of ATM installations is 

approximately 38,000 units and the ATM’s per million people approximately is 33 units as 

compared to Korea which is 1,920 units. Experts forecast that the growth rate (CAGR) is 

expected to grow 18 percent up by 2013. Banks going into a self service model can have huge 

potential savings and increase the convenience for the customers.

The “HCL Nautilus” range of ATMs will offer products that have been customized to the various 

requirements of the Indian market. Combining ATM design and manufacturing strengths of 

Nautilus Hyosung and the experience of HCL in designing products for the Indian market, this 

ATM incorporates technology designed to meet the implicit challenges of India.

Looking ahead HCL and Nautilus will launch rural ATMs meant for deployment by banks in 

locations with relatively low transaction volumes and also help in the Financial Inclusion 

initiatives of banks. This solution is thus the ideal vehicle to offer cost-effective ATM 

convenience to the largely untapped rural areas taking the power of banking to every Indian.
With the global expertise of Nautilus Hyosung and the System Integration and pan India 

support strengths of HCL Infosystems; the Indian banking industry will have a proven state of 

art end to end ATM product and solution partner.