Magellanic Cloud Ltd.

Magellanic Cloud’s wholly owned subsidiary -- IVIS International has secured Letter of Intent (LOI) from Manappuram Finance for the proposed engagement relating to outsourced Command & Control Centre (CCC) e-surveillance services. Under the proposed engagement, IVIS International is expected to deploy the supply, installation, commissioning, centralized monitoring, and maintenance of security infrastructure across Manappuram Finance’s branch network. Employing its AI-powered Command & Control Centre platform, the proposed solution is designed to deliver intelligent surveillance, real-time event monitoring, automated alert handling and escalation, centralized branch visibility, vault operations monitoring, and end-to-end maintenance of the security infrastructure.

The deployment is proposed to be executed in a phased manner and may extend to around 1,000+ branches, subject to the issuance of Purchase Orders and the execution of definitive agreements between the parties. Serving one of the country's largest gold loan institutions, with an extensive branch network handling high-value secured assets, highlights the growing industry confidence in IVIS' AI-enabled surveillance and centralized security management capabilities. The engagement also strengthens the company's presence in the BFSI segment, where intelligent command centres, proactive threat detection, and real-time operational visibility are becoming critical components of enterprise security. 

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