Magellanic Cloud Unit Secures ₹18.4 Cr Order for PNB ATM Surveillance

Nikunj Parikh - Mumbai Bureau Aug 12, 2026 1,550 Views

Magellanic Cloud subsidiary IVIS International has secured purchase orders worth ₹18.4 crore from NCR Corporation India to provide e-surveillance solutions across Punjab National Bank ATM sites over five years. The contract covers Capex and Opex deliverables, expanding IVIS's AI-enabled security footprint in the BFSI market.

HYDERABAD, India — August 12, 2026 — IT solutions provider Magellanic Cloud Limited announced that its wholly owned subsidiary, IVIS International Private Limited (IVIS), has secured multiple purchase orders valued at approximately ₹18.4 crore (₹184 million). According to regulatory filings submitted to domestic stock exchanges on Wednesday, August 12, 2026, the orders were awarded by NCR Corporation India Private Limited to deploy advanced e-surveillance solutions across Punjab National Bank (PNB) ATM locations nationwide over a five-year period. This deployment expands Magellanic Cloud's operational footprint within India's banking, financial services, and insurance (BFSI) security sector.

Details of the ₹18.4 Crore E-Surveillance Contract

Under the commercial terms outlined in the exchange disclosures, the purchase orders comprise both capital expenditure (Capex) and operational expenditure (Opex) components. The contract spans five years and covers automated security monitoring, real-time video analytics, and central monitoring capabilities across remote PNB ATM installations.

The project involves installing integrated security infrastructure designed to deter vandalism, detect unauthorized entry, and provide automated alerts to central command units.

Contract Parameter	Official Disclosure Details
Awarding Entity	NCR Corporation India Private Limited
Executing Subsidiary	IVIS International Private Limited (Wholly owned by Magellanic Cloud)
End Client / Deployment	Punjab National Bank (PNB) ATM Sites
Total Order Value	Approximately ₹18.4 Crore (₹184 Million)
Contract Duration	5 Years (Capex and Opex structure)

Operational Scope and Technology Integration

The deployment utilizes artificial intelligence-enabled e-surveillance systems managed by IVIS. The platform integrates video surveillance with automated sensor arrays, health-monitoring telemetry for hardware, and incident detection algorithms designed for distributed ATM operations.

By automating threat detection at self-service terminal hubs, the system aims to minimize operational downtime and reduce manual security oversight costs for financial institutions. Magellanic Cloud stated that the order was received in the ordinary course of business, reinforcing the company's core strategy of supplying integrated telecom, surveillance, and security infrastructure to critical national sectors.

Official Sources Section

Regulatory information regarding the order win was officially submitted by Magellanic Cloud Limited to the BSE Limited and the National Stock Exchange of India (NSE) under corporate disclosures on August 12, 2026.

Quote Section

"BFSI has been a key focus for IVIS over the years, and we have built significant experience in delivering E-Surveillance solutions for banking networks and critical financial infrastructure over the last 1.5 decades," said Joseph Sudheer Reddy Thumma, Chairman & Managing Director of Magellanic Cloud Limited. "The receipt of these Purchase Orders for E-Surveillance Solutions across Punjab National Bank ATM sites further strengthens this track record and demonstrates our ability to execute scalable, technology-led E-Surveillance deployments across large and distributed networks."

Why It Matters

Securing robust electronic surveillance across remote financial terminals is critical to maintaining retail banking integrity and protecting public cash infrastructure. As banking networks expand physical ATM access across suburban and rural areas, AI-powered e-surveillance reduces physical theft risks, mitigates hardware tampering, and ensures safer transactional environments for banking consumers across India.

Key Facts at a Glance

Contract Value: ₹18.4 crore (₹184 million) over a five-year period.
Primary Client: NCR Corporation India, for deployment at Punjab National Bank (PNB) ATMs.
Service Model: Includes both capital expenditure (Capex) and operational expenditure (Opex) components.
Core Technology: AI-enabled e-surveillance, remote video analytics, and integrated threat monitoring.

FAQ Section

Who awarded the ₹18.4 crore contract to Magellanic Cloud's unit?

The contract was awarded by NCR Corporation India Private Limited to IVIS International Private Limited, a wholly owned subsidiary of Magellanic Cloud.