Hyderabad's Magellanic Cloud Embarks on Bold Expansion: Acquisitions, AI, and 3,400 New Jobs

Hyderabad-based IT services firm Magellanic Cloud plans to invest ₹300 crore in acquisitions and expand its workforce by 3,400 employees over the next two years. The company aims to reach a total headcount of 5,000 by 2026, leveraging AI and deep-tech advancements to achieve ₹600 crore in revenue. Strategic acquisitions in e-surveillance, IT, and drone technology are underway, with a focus on enhancing capabilities through AI-driven solutions. Magellanic Cloud is also setting up an AI and deep-tech center in Telangana for next-gen video analytics.
Source: money.rediff, uniindia, good returns