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Magellanic Cloud’s arm secures orders worth Rs 18.4 crore

Date: 12-08-2026

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.

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