Magellanic Cloud subsidiary IVIS wins repeat pan-India e-surveillance contract from Capri Global Capital

Magellanic Cloud Limited’s wholly owned subsidiary, IVIS International Private Limited, has secured a second purchase order from Capri Global Capital Limited to deploy its Integrated E-Surveillance & Vault Operation Solution across additional sites nationwide in India.

Hyderabad-based Magellanic Cloud Limited, through its wholly owned subsidiary IVIS International Private Limited, has secured a second repeat purchase order from Capri Global Capital Limited. Under the terms of the engagement, IVIS will deploy its proprietary Integrated E-Surveillance & Vault Operation Solution across additional branch and vault sites on a pan-India basis. While the exact contract value and completion timeline were not disclosed in the official filing, the expanded engagement underscores growing institutional demand for managed remote monitoring solutions across financial networks.

Capri Global Capital Limited is a prominent non-banking financial company in India focused on MSME lending and housing finance, operating an extensive nationwide branch footprint. IVIS International Private Limited, a subsidiary of technology provider Magellanic Cloud Limited, specializes in AI-driven e-surveillance and managed video analytics for enterprise clients. Magellanic Cloud operates globally across digital transformation, cloud computing, generative artificial intelligence, and drone technologies.

This second order significantly broadens the operational coverage of IVIS within Capri Global Capital's security architecture. By integrating centralized automated monitoring and vault protection systems across geographically dispersed financial outlets, the project enhances real-time risk mitigation, asset safety, and operational governance across the non-banking financial institution's network.

The expansion reflects a broader trend within India's banking, financial services, and insurance sector toward replacing traditional security protocols with integrated cloud-managed e-surveillance capabilities. Financial institutions are increasingly adopting centralized monitoring platforms to streamline operational expenditure, ensure regulatory compliance, and mitigate security threats across retail locations.

For Magellanic Cloud and its subsidiary IVIS, securing repeat business from a major financial entity validates its technology stack and deployment capabilities. Demonstrating high client retention and multi-site scalability strengthens IVIS's market position as a key provider of managed surveillance infrastructure across critical financial and public infrastructure segments.