Key Transaction Details
IVIS International Private Limited has secured multiple purchase orders from NCR Corporation India Private Limited amounting to approximately ₹18.4 crore for a period of 5 years. The orders comprise both Capex (capital expenditure) and Opex (operational expenditure) components for providing e-surveillance solutions across Punjab National Bank ATM sites.
Business Context and Significance
This contract represents 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. The company has 1.5 decades of experience in delivering e-surveillance solutions for banking networks and critical financial infrastructure.
Management Commentary
Mr. Joseph Sudheer Reddy Thumma, Chairman & Managing Director of Magellanic Cloud Limited, stated that BFSI has been a key focus for IVIS over the years. He emphasized the company's ability to execute scalable, technology-led e-surveillance deployments across large and distributed networks, leveraging proven domain expertise, AI-enabled e-surveillance capabilities, and pan-India deployment strength.
Business Alignment
The purchase orders were received in the ordinary course of business of IVIS International Private Limited and are aligned with its core business of providing integrated surveillance, telecom and security infrastructure solutions.