{"id":52065,"date":"2026-08-13T10:25:49","date_gmt":"2026-08-13T04:55:49","guid":{"rendered":"https:\/\/indianbusinessline.com\/index.php\/2026\/08\/13\/punjab-national-bank-pnb-to-deploy-magellanic-clouds-e-surveillance-solutions-across-1000-atms-nationwide\/"},"modified":"2026-08-13T10:25:49","modified_gmt":"2026-08-13T04:55:49","slug":"punjab-national-bank-pnb-to-deploy-magellanic-clouds-e-surveillance-solutions-across-1000-atms-nationwide","status":"publish","type":"post","link":"https:\/\/indianbusinessline.com\/index.php\/2026\/08\/13\/punjab-national-bank-pnb-to-deploy-magellanic-clouds-e-surveillance-solutions-across-1000-atms-nationwide\/","title":{"rendered":"Punjab National Bank (PNB) to Deploy Magellanic Cloud\u2019s E-Surveillance Solutions Across 1,000 ATMs Nationwide"},"content":{"rendered":"<p class=\"wp-block-paragraph\"><strong>Hyderabad (Telangana) [India], August 13:<\/strong> <strong>Magellanic Cloud Limited (NSE: MCLOUD | BSE: 538891),&nbsp;<\/strong>today announced that its wholly owned subsidiary,&nbsp;<strong>IVIS International Private Limited (IVIS),<\/strong>&nbsp;has secured multiple Purchase Orders from&nbsp;<strong>NCR Corporation India Private Limited<\/strong>, comprising both&nbsp;<strong>Capex and Opex components<\/strong>, for providing&nbsp;<strong>E-Surveillance Solutions across Punjab National Bank (PNB) ATM sites<\/strong>. The Purchase Orders have an aggregate value of approximately&nbsp;<strong>\u20b918.4 Crore over a period of 5 years<\/strong>.<\/p>\n<p class=\"wp-block-paragraph\"><strong>Strategic Impact &amp; Growth Highlights&nbsp;<\/strong><\/p>\n<ul class=\"wp-block-list\">\n<li><strong>\u20b9<\/strong><strong>18.4 Crore Order<\/strong>: Multiple Purchase Orders secured from NCR Corporation India Private Limited for E-Surveillance Solutions across PNB ATM sites.&nbsp;<\/li>\n<li><strong>1,000 ATM Sites<\/strong>: The deployment covers&nbsp;<strong>1,000 PNB ATM sites<\/strong>, highlighting the scale of the opportunity and IVIS\u2019s execution capabilities.&nbsp;<\/li>\n<li><strong>BFSI Expansion<\/strong>: The order further strengthens Magellanic Cloud\u2019s footprint in the&nbsp;<strong>Banking &amp; Financial Services E-Surveillance<\/strong>&nbsp;space, particularly in large-scale ATM surveillance deployments.&nbsp;<\/li>\n<li><strong>Large-Scale Deployment Capability<\/strong>: The project reinforces IVIS\u2019s track record in executing scalable, technology-led E-Surveillance deployments across large and distributed banking networks.&nbsp;<\/li>\n<li><strong>Capex &amp; Opex Components<\/strong>: The Purchase Orders comprise both Capex and Opex components, supporting a broader opportunity across deployment and services.<\/li>\n<\/ul>\n<figure class=\"wp-block-table\">\n<table class=\"has-fixed-layout\">\n<tbody>\n<tr>\n<td><strong>Commenting on the development, Mr. Joseph Sudheer Reddy Thumma, Chairman &amp; Managing Director of Magellanic Cloud Limited, said:&nbsp;<\/strong><em>\u201c<\/em><em>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. 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. We remain focused on leveraging our proven domain expertise, AI-enabled e-surveillance capabilities and pan-India deployment strength to further deepen our presence in the BFSI segment and address the evolving security requirements of financial institutions.<\/em><em>\u201d<\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n<p class=\"wp-block-paragraph\"><strong>About&nbsp;Magellanic Cloud Limited<\/strong><\/p>\n<p class=\"wp-block-paragraph\">Magellanic Cloud Limited (BSE: 538891 | NSE: MCLOUD), headquartered in Hyderabad, India, is a global technology company specialising in digital transformation, Generative Artificial Intelligence (AI), cloud computing, e-surveillance, and drone technologies. The company delivers advanced solutions across industries, including smart infrastructure, defence, fintech, and enterprise IT, serving over 100 clients across the USA, Europe, and Asia.&nbsp;<\/p>\n<p class=\"wp-block-paragraph\">With a strong ecosystem of subsidiaries &#8211; Motivity Labs, Provigil Surveillance Limited, IVIS International, Scandron, MCRAYXTEND India and JNIT Technologies &#8211; Magellanic Cloud offers integrated capabilities across IT services and AI-driven surveillance systems. Its solutions are widely deployed in critical infrastructure projects, including railways, highways, BFSI, PSUs and urban security systems.&nbsp;<\/p>\n<p class=\"wp-block-paragraph\">The company is backed by a team of over 1,600 professionals and has achieved CMMI Maturity Level 3 certification.<\/p>\n<p class=\"wp-block-paragraph\"><em>If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.<\/em><\/p>\n<p class=\"wp-block-paragraph\">\n","protected":false},"excerpt":{"rendered":"<p>Hyderabad (Telangana) [India], August 13: Magellanic Cloud Limited (NSE: MCLOUD | BSE: 538891),&nbsp;today announced that its wholly owned subsidiary,&nbsp;IVIS International Private Limited (IVIS),&nbsp;has secured multiple Purchase Orders from&nbsp;NCR Corporation India Private Limited, comprising both&nbsp;Capex and Opex components, for providing&nbsp;E-Surveillance Solutions across Punjab National Bank (PNB) ATM sites. The Purchase Orders<span class=\"more-link theme-more-link\"><a href=\"https:\/\/indianbusinessline.com\/index.php\/2026\/08\/13\/punjab-national-bank-pnb-to-deploy-magellanic-clouds-e-surveillance-solutions-across-1000-atms-nationwide\/\">Continue Reading<\/a><\/span><\/p>\n","protected":false},"author":2,"featured_media":52064,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,2],"tags":[],"class_list":["entry","author-admin_indianbusinessline","post-52065","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-press-release"],"_links":{"self":[{"href":"https:\/\/indianbusinessline.com\/index.php\/wp-json\/wp\/v2\/posts\/52065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indianbusinessline.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indianbusinessline.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indianbusinessline.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/indianbusinessline.com\/index.php\/wp-json\/wp\/v2\/comments?post=52065"}],"version-history":[{"count":0,"href":"https:\/\/indianbusinessline.com\/index.php\/wp-json\/wp\/v2\/posts\/52065\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/indianbusinessline.com\/index.php\/wp-json\/wp\/v2\/media\/52064"}],"wp:attachment":[{"href":"https:\/\/indianbusinessline.com\/index.php\/wp-json\/wp\/v2\/media?parent=52065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indianbusinessline.com\/index.php\/wp-json\/wp\/v2\/categories?post=52065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indianbusinessline.com\/index.php\/wp-json\/wp\/v2\/tags?post=52065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}