BSECompany Update12 Aug 2026 · 12 Aug 2026, 10:54 am
Receipt of Purchase Orders from NCR Corporation India Private by IVIS International Private Limited, wholly owned subsidiary of the Company
Magellanic Cloud Ltd · 538891
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Magellanic Cloud Ltd's wholly owned subsidiary, IVIS International Private Limited, receives purchase orders from NCR Corporation India Private for E-Surveillance Solutions across Punjab National Bank ATM sites, valued at approximately ₹18.4 Crore over 5 years.
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Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk5/10
Liquidity Impact9/10
Market Sentiment9/10
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Full Announcement
Magellanic Cloud Ltd - 538891 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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August 12, 2026
Bombay Stock Exchange Limited, National Stock Exchange of India Ltd.,
Dept. of Corporate Services, Dept. of Corporate Services,
14th Floor, P.J. Towers, Dalal Street, Exchange Plaza, Bandra- Kurla Complex,
Fort, Mumbai - 400001 Bandra (East), Mumbai - 400051
Scrip Code: 538891/Scrip ID: MCLOUD Symbol: MCLOUD/Series: EQ
Sub: Submission of Press Release – Magellanic Cloud Limited's Wholly Owned
Subsidiary, IVIS International Private Limited receives Purchase Orders from NCR
Corporation India Private for E-Surveillance Solution at Punjab National Bank
("PNB") ATM Sites
Respected Sir/Madam,
Please find enclosed herewith the Press Release regarding the receipt of Purchase Orders by IVIS
International Private Limited, a wholly owned subsidiary of Magellanic Cloud Limited, from NCR
Corporation India Private for E-Surveillance Solution at Punjab National Bank ("PNB") ATM Sites
The same will be made available on the website of the Company i.e. www.magellanic-cloud.com
We request you to kindly take the above on record.
Thanking You,
Yours faithfully,
For Magellanic Cloud Limited
Joseph Sudheer Reddy Thumma
Chairman and Managing Director
DIN: 07033919
Encl: a/a
MAGELLANIC CLOUDLIMITED
Formerly known as South India Projects Limited
CIN: L72100TG1981PLC169991
Registered Office: 6th Floor, Dallas Center, 83/1, Plot No A1 Knowledge City, Rai Durg Hyderabad Rangareddi TG 500032
Telephone No.: 040-46515454
www.magellanic-cloud.com info@magellanic-cloud.com
Punjab National Bank (PNB) to Deploy Magellanic Cloud’s E-Surveillance
Solutions Across 1,000 ATMs Nationwide
Magellanic Cloud Limited (NSE: MCLOUD | BSE: 538891) today announced that its wholly owned
subsidiary, IVIS International Private Limited (IVIS), has secured multiple Purchase Orders from
NCR Corporation India Private Limited, comprising both Capex and Opex components, for
providing E-Surveillance Solutions across Punjab National Bank (PNB) ATM sites. The Purchase
Orders have an aggregate value of approximately ₹18.4 Crore over a period of 5 years.
Strategic Impact & Growth Highlights
• ₹18.4 Crore Order: Multiple Purchase Orders secured from NCR Corporation India Private Limited
for E-Surveillance Solutions across PNB ATM sites.
• 1,000 ATM Sites: The deployment covers 1,000 PNB ATM sites, highlighting the scale of the
opportunity and IVIS’s execution capabilities.
• BFSI Expansion: The order further strengthens Magellanic Cloud’s footprint in the Banking &
Financial Services E-Surveillance space, particularly in large-scale ATM surveillance deployments.
• Large-Scale Deployment Capability: The project reinforces IVIS’s track record in executing
scalable, technology-led E-Surveillance deployments across large and distributed banking networks.
• Capex & Opex Components: The Purchase Orders comprise both Capex and Opex components,
supporting a broader opportunity across deployment and services.
Leadership Insights
Commenting on the development, Mr. Joseph Sudheer Reddy Thumma, Chairman & Managing
Director, Magellanic Cloud Limited, said:
“BFSI has been a key focus for IVIS over the years, and we have built significant experience in
delivering E-Surveillance solutions for banking networks and critical financial infrastructure over the
last 1.5 decades. The receipt of these Purchase Orders for E-Surveillance Solutions across Punjab
National Bank ATM sites further strengthens this track record and demonstrates our ability to
execute scalable, technology-led E-Surveillance deployments across large and distributed networks.
We remain focused on leveraging our proven domain expertise, AI-enabled e-surveillance
capabilities and pan-India deployment strength to further deepen our presence in the BFSI segment
and address the evolving security requirements of financial institutions.”
MAGELLANIC CLOUD LIMITED
Formerly known as South India Projects Limited
CIN: L72100TG1981PLC169991
Registered Office: 6th Floor, Dallas Center, 83/1, Plot No A1 Knowledge City, Rai Durg Hyderabad Rangareddi TG 500032
Telephone No.: 040-46515454
www.magellanic-cloud.com info@magellanic-cloud.com
About Magellanic Cloud Limited
Magellanic Cloud Limited (NSE: MCLOUD | BSE: 538891), headquartered in Hyderabad, India, is a
global technology company specialising in digital transformation, Generative Artificial Intelligence
(AI), cloud computing, e-surveillance, and drone technologies. The company delivers advanced
solutions across industries, including smart infrastructure, defence, fintech, and enterprise IT,
serving over 100 clients across the USA, Europe, and Asia.
With a strong ecosystem of subsidiaries - Motivity Labs, Provigil Surveillance Limited, IVIS
International, Scandron, MCRAYXTEND India and JNIT Technologies - Magellanic Cloud offers
integrated capabilities across IT services and AI-driven surveillance systems. Its solutions are widely
deployed in critical infrastructure projects, including railways, highways, BFSI, PSUs and urban
security systems.
The company is backed by a team of over 1,600 professionals and has achieved CMMI Maturity
Level 3 certification.
Media Contact
Magellanic Cloud Limited
Kshitiza Shukla
Email: Kshitiza.shukla@magellanic-cloud.com
MAGELLANIC CLOUD LIMITED
Formerly known as South India Projects Limited
CIN: L72100TG1981PLC169991
Registered Office: 6th Floor, Dallas Center, 83/1, Plot No A1 Knowledge City, Rai Durg Hyderabad Rangareddi TG 500032
Telephone No.: 040-46515454
www.magellanic-cloud.com info@magellanic-cloud.com