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Magellanic Cloud Ignites Growth with Full Acquisition of Finoux Solutions for ₹438 Million

Updated: May 12, 2025 16:32

Image Source: Communications Today
Magellanic Cloud Ltd has taken a decisive leap in its expansion strategy by announcing the 100% acquisition of Finoux Solutions at an estimated cost of ₹438 million. The board has formally approved a share purchase agreement, marking a significant milestone in the company’s aggressive inorganic growth roadmap.
 
Key Highlights:
  • The acquisition of Finoux Solutions, a fintech player, is valued at approximately ₹438 million, subject to successful completion of due diligence and regulatory approvals.
  • This move aligns with Magellanic Cloud’s broader vision to drive 30–40% growth through strategic acquisitions, with over ₹3,000 million earmarked for buying out multiple companies in FY25–26.
  • The company’s leadership, under Global CEO Joseph Sudheer Thumma, has emphasized that only businesses strategically aligned with Magellanic Cloud’s technology, geography, and client expansion goals are being targeted.
  • Magellanic Cloud is on track to surpass ₹600 crore in revenue within the next two years, leveraging acquisitions like Finoux Solutions to enhance its fintech and IT services portfolio.
  • The deal is part of a larger pipeline, with several acquisitions planned across India, the US, and Dubai, focusing on sectors such as e-surveillance, staffing, and digital transformation.
  • Funding for the acquisition will be a mix of internal accruals and equity or debt, with payments structured in tranches over the coming 18 months.
The company’s ongoing investments in AI, deep-tech, and next-gen analytics further position it as a leader in digital innovation and enterprise solutions.
 
With this acquisition, Magellanic Cloud cements its commitment to rapid growth, diversification, and technological leadership in the digital and fintech domains.
 
Sources: The Hindu Business Line, BizzBuzz, EquityBulls, Moneycontrol

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