Onward Technologies Limited has disclosed the renewal of a multi-year Managed Digital Services contract pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The contract is valued at ₹44.46 Crores (Rupees Forty Four Crores and Forty Six Lakhs Only) and represents a 72% increase in value compared to the previous contract. The contract tenure extends from August 2026 to August 2029.
The client is described as "one of the world's leading manufacturers of construction and mining equipment" and is a domestic entity. The contract involves Managed Digital Services supporting the client's global e-commerce and aftermarket business platforms.
Significant Contract Terms
- Contract Type: Managed Digital Services contract
- Commercial Construct: Outcome based Services
- Contract Duration: 3 years
- Delivery Location: 100% Offshore based delivery from India Delivery Centers
- Nature of Services: Application development and enhancement, cloud-native engineering, microservices architecture, API development, DevOps-enabled delivery, testing, deployment and integration services
- Broad Consideration: Aggregate contract value of ₹44.46 Crore over the contract tenure