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Magellanic Cloud’s arm secures orders worth Rs 18.4 crore

12 Aug 2026 Evaluate

Magellanic Cloud’s wholly owned subsidiary -- IVIS International (IVIS) has secured multiple purchase orders, comprising both capex and opex components, from NCR Corporation India, amounting to around Rs 18.4 crore for a period of 5 years, for providing e-surveillance solutions across Punjab National Bank (PNB) ATM sites.

This marks a significant win for IVIS and reinforces its growing footprint in the Banking & Financial Services E-Surveillance space, particularly in large-scale, mission-critical ATM surveillance deployments.

Magellanic Cloud is global Leaders in Software Development, Digital Transformation, DevOps space.

Peers
Company Name CMP
TCS 2498.05
Infosys 1180.65
HCL Technologies 1438.60
Wipro 197.70
Tech Mahindra 1830.00
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