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Computers - Software & Consulting
Project Update2 Sept 2026, 09:25 am

Magellanic Cloud Completes 74% of Punjab & Sind Bank Sites in 5 Months

AI Summary

Magellanic Cloud Limited has successfully completed Phase 1 deployment of e-surveillance solutions across 685 out of 930 sites for Punjab & Sind Bank. This represents approximately 74% of the total scope and was achieved within five months of the purchase order date (March 19, 2026), with handover completed by the second week of August 2026. The rapid execution highlights the company's operational efficiency and capability in large-scale, distributed deployments. This milestone strengthens Magellanic Cloud's position in the BFSI sector, offering intelligent, AI-enabled security ecosystems. The company will continue to provide operations and maintenance support for the deployed infrastructure.

Key Highlights

  • Completed handover of 685 sites for Punjab & Sind Bank Phase 1.
  • Achieved ~74% of the total 930-site deployment scope within 5 months.
  • Demonstrates strong execution and operational efficiency in large-scale projects.
  • Strengthens BFSI e-surveillance capabilities with AI-driven solutions.