Magellanic Cloud Subsidiary Secures $4.70 Million Order
Magellanic Cloud Limited announced that its step-down subsidiary, Motivity Labs Inc. (USA), has secured multiple Purchase Orders from a leading multinational company. The combined contract value totals approximately USD 4.70 million, equivalent to roughly INR 39 crores.The scope of work for the engagements includes advanced data engineering, analytics, infrastructure support, and program management services. These orders are expected to be executed over the calendar year 2026 and will contribute to the company’s revenue visibility and growth momentum.
According to a filing, the order win reinforces Magellanic Cloud’s strong positioning in the global technology and data engineering space. The company stated that the transaction does not involve any interest from promoters, promoter groups, or group companies and does not constitute a related-party transaction.
Order Details
| Particulars | Details |
|---|---|
| Entity Awarding the Order/Contract | A Multinational Company |
| Nature of Order/Contract | Data engineering, analytics, infrastructure and program management services |
| Time period for Order/Contract Execution | Within 1 year (approx.) |
| Broad Consideration/Size of the Order/Contract | USD 4.70 million (~INR 39 crores). |
Joseph Sudheer Reddy Thumma, Managing Director of Magellanic Cloud Limited, disclosed the information.
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