Announcement
On September 22, 2026, Onward Technologies Limited (BSE: 517536, NSE: ONWARDTEC) issued a press release from Mumbai stating that it has renewed a multi‑year Managed Digital Services contract with one of the world’s leading manufacturers of construction and mining equipment.
Contract Details
The renewed agreement is valued at approximately ₹44 Crore (Rupees Forty‑Four Crore) and will be effective from August 2026 through August 2029. The contract value represents a 72 % increase over the previous engagement with the same client.
Services Scope
Under the contract, Onward Technologies will provide Managed Digital Services that support the client’s global e‑commerce and aftermarket business platforms. The scope of services includes application development and enhancement, cloud‑native engineering, microservices architecture, API development, DevOps‑enabled delivery, testing, deployment and integration services.
Management Comment
Mr. Jigar Mehta, Managing Director of Onward Technologies, commented that the renewal reflects the confidence customers place in the firm’s engineering expertise and delivery capabilities, and reaffirmed the company’s focus on delivering high‑quality digital engineering solutions that create long‑term value.
Company Overview
Onward Technologies Limited is a software outsourcing firm specializing in digital and engineering research & development (ER&D) services for global clients. Headquartered in Mumbai, the company serves customers across North America and Europe and operates through 12 global offices and India‑based delivery centres. Its domain expertise spans sectors such as Industrial Equipment, Off‑Highway, Energy, Data Centres, Automotive, Rail Transportation, Healthcare and Life Sciences. More information is available at www.onwardgroup.com.