Magellanic Cloud Subsidiary Secures ₹18.4 Cr E-Surveillance Orders

Magellanic Cloud Limited's wholly-owned subsidiary, IVIS International Private Limited, has secured multiple purchase orders from NCR Corporation India Private Limited. These orders are for providing E-Surveillance Solutions at Punjab National Bank ATM sites and are valued at approximately ₹18.4 crore over a 5-year period. The deal includes both Capex and Opex components, reinforcing IVIS's position in the BFSI E-Surveillance sector. The company highlighted its decade-long experience and AI-enabled capabilities in delivering scalable surveillance solutions for financial institutions.