Magellanic Cloud Arm Wins Purchase Order From Capri Global

HYDERABAD — Information technology and surveillance solutions provider Magellanic Cloud Limited announced on Thursday, August 20, 2026, that its wholly owned subsidiary, IVIS International Private Limited, has secured a commercial purchase order from non-banking financial institution Capri Global Capital Limited.

The order represents the second commercial mandate awarded by Capri Global Capital to IVIS International. Under the agreement, IVIS will deploy its Integrated E-Surveillance and Vault Operation Solution across additional operational sites on a pan-India basis.

The announcement, submitted to Indian stock exchanges under regulatory disclosure guidelines, underscores expanding adoption of artificial intelligence surveillance technology across the Banking, Financial Services, and Insurance (BFSI) sector in India.

Technical Scope and Operational Deployment

The purchase order covers the implementation of automated physical-digital security infrastructure for Capri Global Capital's branch network and critical vault facilities.

Key Delivery Parameters of the Contract

• Executing Entity: IVIS International Private Limited (wholly owned subsidiary of Magellanic Cloud Limited).

• Client Organization: Capri Global Capital Limited.

• Core Solutions: Integrated e-surveillance, vault operation automation, remote monitoring, and AI-powered video analytics.

• Deployment Scale: Multi-location expansion across additional financial sites nationwide.

• Contract Framework: Awarded in the ordinary course of business, aligned with core surveillance services.

The integrated system combines real-time video analytics, central command center monitoring, and automated threat detection to protect physical assets and streamline vault safety management.

Strategic Growth and BFSI Expansion

The contract reinforces Magellanic Cloud’s strategy to scale its surveillance technology vertical across major enterprise and financial accounts.

The deal follows a series of operational contracts secured by Magellanic Cloud subsidiaries. In earlier August 2026 disclosures, IVIS International secured multi-year purchase orders valued at approximately ₹18.4 crore from NCR Corporation India to supply e-surveillance solutions across 1,000 Punjab National Bank ATM locations.

Additionally, Magellanic Cloud's board approved the corporate amalgamation of IVIS International directly into Magellanic Cloud to simplify administrative structures and consolidate operating verticals. The amalgamation process remains subject to standard statutory approvals from the National Company Law Tribunal (NCLT).

Official Sources Section

According to regulatory filings submitted to capital market regulators:

• Magellanic Cloud Limited Regulatory Filing on BSE

• National Stock Exchange of India (NSE) Corporate Disclosures

• Magellanic Cloud Limited Official Investor Portal

Quote Section

"The Purchase Order further strengthens the Company's relationship with Capri Global Capital Limited and reflects the continued confidence in Ivis's technology, nationwide deployment capabilities and managed e-surveillance services," stated Jagan Mohan Reddy Thumma, Managing Director of Magellanic Cloud Limited, in an official disclosure submitted to stock exchanges.

Why It Matters

For financial institutions like Capri Global Capital, deploying AI-driven e-surveillance and automated vault security reduces physical risk, deters unauthorized intrusion, and ensures regulatory compliance across branch networks. For investors, the additional order demonstrates high client retention and recurring service demand within Magellanic Cloud's primary technology verticals.

Key Facts at a Glance

• Contract Issuing Entity: Capri Global Capital Limited.

• Executing Subsidiary: IVIS International Private Limited.

• Primary Technology: Integrated E-Surveillance and Vault Operation Solution.

• Deployment Scope: Pan-India rollout across expanded branch and vault sites.

Frequently Asked Questions

What did Magellanic Cloud announce regarding Capri Global Capital?

Magellanic Cloud announced that its subsidiary, IVIS International, received a second purchase order from Capri Global Capital Limited for pan-India e-surveillance and vault security deployments.

What specific technologies are included in the deployment?

The solution includes AI-powered video analytics, remote site monitoring, technology-enabled security management, and automated vault protection systems.

Is IVIS International a subsidiary or merged entity?

IVIS International operates as a wholly owned subsidiary of Magellanic Cloud Limited, with a board-approved amalgamation plan currently undergoing regulatory approval processes.

Source: Corporate announcements and filings submitted by Magellanic Cloud Limited to BSE Limited and the National Stock Exchange of India on August 20, 2026.