Magellanic Cloud Limited has secured an order to provide end-to-end implementation and management of E-surve surveillance of ATM sites in 8 geographical circles spread across India. The contract is awarded post competitive bidding and will enable MCLOUD to provide E-Surve surveillance services to 3,032 ATM sites of a well-known Public Sector bank. MCLOUD through this contract will generate revenues to the tune of INR 130 million per year for the five-year contract period.

Considering the scale of contract and scope of services, this order will likely yield healthy profit margins and add a new reputable client to existing list of marquee clientele. This order-win is a testimony of MCLOUD's dominant presence in the E-surve surveillance segment and showcases the trust placed by clients in MCLOUD's team and provision of quality of services.