Magellanic Cloud Secures E-Surveillance Contract for 2000 ATM Sites in India

Magellanic Cloud Limited, through its subsidiary iVIS, has secured a significant contract from a major public sector bank in India for the implementation and management of e-surveillance services for 2000 ATM sites across the country. The contract, awarded through a competitive bidding process, is expected to generate revenue of approximately Rs. 42 crores over a 5-year period and positions the company for healthy profit margins. This contract win further solidifies Magellanic Cloud's reputation as a trusted leader in providing comprehensive e-surveillance solutions tailored to meet the evolving needs of the financial sector.,