IVIS International Secures ₹18.4 Crore Contract from NCR for E-Surveillance Solutions at PNB ATM Sites

IVIS International Secures ₹18.4 Crore Contract from NCR for E-Surveillance Solutions at PNB ATM Sites​

Magellanic Cloud Limited’s wholly owned subsidiary, IVIS International Private Limited (IVIS), has secured multiple Purchase Orders from NCR Corporation India Private Limited. The orders pertain to the provision of E-Surveillance Solutions across Punjab National Bank (PNB) ATM sites.

The contracts involve both Capital Expenditure (Capex) and Operational Expenditure (Opex) components, totaling an aggregate value of approximately ₹ 18.4 Crore over a five-year period. This substantial contract highlights the growing scale of IVIS’s capabilities within the Banking & Financial Services (BFSI) sector.

The deployment scope covers 1,000 PNB ATM sites nationwide, reinforcing IVIS's track record in executing large and distributed technology-led E-Surveillance projects across extensive banking networks.

Key details regarding the contract are summarized below:

Strategic Importance in BFSI Surveillance​

The order strengthens Magellanic Cloud’s presence in the dedicated BFSI E-Surveillance domain. The project underscores IVIS's proven capacity to handle scaled surveillance deployments within critical financial infrastructure.

Mr. Joseph Sudheer Reddy Thumma, Chairman and Managing Director of Magellanic Cloud Limited, commented on the achievement. He stated that BFSI has been a key focus for IVIS, and the receipt of these orders further strengthens their experience in delivering E-Surveillance solutions to banking networks. Mr. Thumma added that the contract demonstrates their ability to execute scalable, technology-led deployments across large and distributed networks. The company remains focused on leveraging its domain expertise and AI enabled e-surveillance capabilities to deepen its presence in the BFSI segment and address evolving security requirements of financial institutions.

About Magellanic Cloud Limited​

Magellanic Cloud Limited is a global technology company headquartered in Hyderabad, India. Specializing in digital transformation, Generative Artificial Intelligence (AI), cloud computing, e-surveillance, and drone technologies, the company delivers advanced solutions to industries including smart infrastructure, defence, fintech, and enterprise IT.

Serving over 100 clients across Asia, Europe, and the USA, Magellanic Cloud operates through a strong ecosystem of subsidiaries, which include Motivity Labs, Provigil Surveillance Limited, IVIS International, Scandron, MCRAYXTEND India, and JNIT Technologies. The company's solutions are utilized in various critical infrastructure projects such as railways, highways, PSUs, urban security systems, and BFSI. Magellanic Cloud is backed by a team of over 1,600 professionals and holds CMMI Maturity Level 3 certification.

MCLOUD Stock Price Movement​

Shares of Magellanic Cloud Limited are edging higher to ₹29.48 as of 12:12 PM today, rallying after gaining 1.97%. The stock has experienced vigorous buying interest in live trading, with over 1.5 million shares already changing hands during the current session.