What Magellanic Cloud does

Magellanic Cloud Limited (NSE: MCLOUD, BSE: 538891), headquartered in Hyderabad, India, is an IT services and technology systems integrator that originated as South India Projects Limited in 1981 and was rebranded in 2018. The company operates through subsidiaries including Provigil Surveillance (e-surveillance), Motivity Labs (telecom and IoT), Scandron (drones), Scanalitix (analytics), iVIS, JNIT Technologies, and the recently acquired Finoux Solutions (fintech and BFSI IT services). Its core products center on AI-enabled video surveillance and analytics platforms deployed across Indian Railways stations, PSU bank branches, and critical infrastructure sites, alongside telecom testing and fintech robo-advisory solutions.

The company monetizes primarily through long-term CAPEX and OPEX contracts with Indian central and state government entities, public-sector banks, and select private enterprises. Customer engagements typically include multi-year maintenance and managed-services components — such as 5-year OPEX frameworks with railway divisions — that create recurring revenue and high switching costs. With the recent MCRAY XTEND INDIA joint venture (60% owned, with Rayonix Tech and XTEND Israel), the company is extending into autonomous UAV manufacturing using XTEND's XOS operating system, opening a defence and homeland-security vertical adjacent to its surveillance business.

Magellanic Cloud is expanding internationally with offices in the UAE, Saudi Arabia, and the USA, supplementing its India-centric revenue base. Its growth strategy combines organic order-book expansion in railway and PSU surveillance with inorganic moves — most notably the May 2025 acquisition of Finoux Solutions (₹43.8 crore) and the April 2026 MCRAY XTEND JV (₹100 crore commitment). FY26 total income reached ₹706 Crores (~$84M USD) with net profit of ₹114.23 Crores, and the company is pursuing a preferential allotment for growth capital with a board consideration date of June 25, 2026.

Name

Magellanic Cloud

Legal name

Magellanic Cloud Limited

Website

https://magellanic-cloud.com

Company type

Public

Founded year

1981

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Magellanic Cloud is a Hyderabad-based IT services and surveillance systems integrator serving Indian Railways, PSU banks, and government clients with AI-enabled video analytics, telecom, and fintech solutions, and is expanding into autonomous UAV manufacturing via a JV with XTEND Israel.

Ownership category

akta.pro rank

Product category

Integrated Surveillance, Drone and Enterprise Technology Services

NAICS

Computer Systems Design and Related Services (54151), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Software Publishers (5132), Computer Facilities Management Services (541513), Security Systems Services (except Locksmiths) (561621)

SIC

Services-Computer Integrated Systems Design (7373), Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Cloud-Managed & Managed Security Systems Services (Remote Monitoring, Maintenance) (BPAKAGAJ)

akta.pro secondary industries

Strategy & IT Advisory (BPAEAAAA), Cloud Data Platforms & Analytics Migration (BPAEACAI), Cloud, DevOps & Infrastructure Staffing (BPACADAD)

Keywords

• AI video surveillance
• Digital transformation services
• UAV drone manufacturing
• Fintech automation platforms
• Enterprise IT services

Headquarters

HQ city

Kolkata

HQ country

India

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. E-Surveillance & Infrastructure Projects: Revenue from CCTV surveillance system deployments for Indian Railways, BFSI institutions, and government infrastructure. Projects range from ₹2 crore to ₹85 crore contracts with execution periods of 6-12 months and 5-year maintenance components.
2. Enterprise Technology Services: IT services through Motivity Labs including digital transformation, data engineering, and enterprise engagements. Includes $4.7 million renewal engagements with global enterprise partners.
3. Fintech Solutions: AI/ML-powered financial analytics and robo-advisory platforms through Finoux subsidiary, serving banks, fintechs, NBFCs with subscription and licensing models.
4. Drone Manufacturing & Sales: Drone and UAV systems manufacturing and sales through Scandron subsidiary, including ₹5 crore drone orders and drone logistics services.
5. OPEX Surveillance Services: Five-year OPEX-based surveillance deployment models for BFSI clients including Punjab & Sind Bank (₹25+ crore) and Indian Bank (₹10 crore) providing recurring revenue streams.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels11 records

Core offering

Magellanic Cloud is a diversified technology enterprise that designs, deploys and supports AI-powered e-surveillance systems for railways, BFSI and public infrastructure; manufactures tactical UAV/drone systems; delivers enterprise digital transformation and IT services; and operates fintech automation platforms for the BFSI sector. Its offerings are delivered through wholly-owned subsidiaries including Provigil Surveillance and iVIS (surveillance), Scandalitix (VMS/video analytics), Scandron (drones), Motivity Labs (IT services), Finoux (fintech), and JNIT (ITES).

Product overview

Magellanic Cloud is a diversified technology enterprise operating a platform-plus-subsidiaries model. The parent company delivers core offerings across Digital Transformation, AI, Cloud Computing, Intelligent E-Surveillance, Drone Technology, FinTech Automation, and IT Services through its portfolio of specialized subsidiaries: Provigil Surveillance and iVIS for e-surveillance with AI-powered video analytics and face recognition; Scandron for drone manufacturing; Scanalitix for VMS and video analytics; Motivity Labs for IT services and digital transformation; Finoux for fintech automation with robo-advisory and AI-driven financial analytics; and JNIT for ITES and human capital solutions. The subsidiaries operate both independently and synergistically, enabling Magellanic Cloud to deliver integrated solutions spanning surveillance, defense drones, fintech, and enterprise technology.

Differentiator

Problem solved

Functional benefit

Brands

• Motivity Labs: IT services subsidiary providing digital transformation, product engineering, and data analytics solutions
• Scandron
• iVIS
• Provigil Surveillance
• Scanalitix
• Finoux

Products and services

• Provigil Surveillance (AI-enabled CCTV for railways, highways, banking and public infrastructure) Wholly-owned subsidiary providing AI-enabled CCTV surveillance systems for railways, highways, banking and public infrastructure, including IP-based video surveillance, face recognition, video analytics and centralized command control for mission-critical environments.
• iVIS Intelligent E-Surveillance E-surveillance technology offering end-to-end intelligent e-surveillance solutions powered by AI, video analytics, centralized monitoring and Integrated Command and Control Centre (ICCC) capabilities for government agencies, railways, BFSI institutions and smart cities.
• Motivity Labs Enterprise IT Services IT services subsidiary delivering digital transformation, product engineering, quality assurance, DevOps, data analytics, multi-cloud automation and process automation for global enterprise clients, including Fortune 1000 companies.
• Scandron Tactical Drones and UAV Systems Drone manufacturing subsidiary designing and producing advanced UAS for defence, surveillance, logistics and industrial applications, including tactical drones SCORPIO 500, SCORPIO 1000, XTENDER, HONEY BADGER and WOLVERINE powered by XTEND's XOS autonomous operating system.
• Finoux Fintech Automation Platform (BankOne, Fenfoo, Goal Post, Tick) Acquired fintech platform delivering AI-driven digital transformation for the BFSI sector with robo-advisory, investment intelligence and AI/ML-powered financial analytics, comprising the BankOne, Fenfoo, Goal Post and Tick products used by banks, fintechs, NBFCs and brokers.
• Scanalitix VMS and AI Video Analytics Platform VMS and AI-powered video analytics platform providing intelligent surveillance solutions with real-time video processing, anomaly detection and operational intelligence for smart city and infrastructure applications.
• JNIT ITES and Human Capital Services ITES subsidiary providing human capital solutions including talent sourcing, recruitment, training, workforce management and optimization services across various industries.

Quantifiable outcome

• 45% improvement in incident response time for smart city surveillance deployments
• +5 more outcomes

Named customers13 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability9 records

Feature4 records

Partnerships

Six partnerships are on record, tiered minor and core.

• Redington LimitedminorGTM or Marketing Partner · 26 May 2026Joint AI-led enterprise and cloud transformation events conducted with Redington Limited and AWS for market engagement and customer acquisition.
• XTEND (Israel)coreStrategic or Co-development Partner · 29 April 2026Strategic joint venture valued at approximately USD 11 million (~₹100 crore) to manufacture advanced UAV systems in India. Magellanic Cloud serves as exclusive manufacturing and distribution partner for XTEND platforms including SCORPIO 500, SCORPIO 1000, XTENDER, HONEY BADGER, and WOLVERINE. Partnership combines XTEND's XOS autonomous operating system with domestic manufacturing capabilities.
• Rayonix TechcoreStrategic or Co-development Partner · 29 April 2026India-based defence technology firm partnering with Magellanic Cloud and XTEND for UAV manufacturing joint venture. Rayonix enables technology integration and operational execution for domestic drone production supporting Make in India initiative.
• Finoux SolutionscoreStrategic or Co-development Partner · 12 May 2025100% acquisition of Finoux Solutions for ₹43.8 crore to enhance fintech offerings in BFSI sector. Finoux brings AI/ML-powered robo-advisory, investment intelligence platforms, and 75+ BFSI clients including HDFC Bank, ICICI Securities, Angel One, and Motilal Oswal.
• TSSC (Telecom Sector Skill Council)minorOthersPartnership with TSSC for workforce upskilling and digital transformation support under Skill India Mission.
• RailTel Corporation of IndiaminorStrategic or Co-development PartnerProvigil subsidiary received Letter of Intent from RailTel for CCTV surveillance deployment in engineering college campus environment - strategic expansion beyond core railway infrastructure.

Scale indicators9 records

Recent moves8 records

Expansion highlights7 records

Direct peers

• ideaForge Technology: Indian-listed UAV manufacturer competing with Magellanic's Scandron subsidiary in defence and commercial drones. Both target Indian Army, paramilitary, and government security customers with similar tactical drone offerings, making ideaForge the most directly comparable listed peer in the UAV vertical.
• Tata Elxsi: Indian-listed design and technology services firm with deep exposure to automotive, aerospace, and media. Overlap with Magellanic in design-led digital transformation, embedded systems/drones adjacency, and enterprise engineering services for global Fortune 1000 customers.
• Birlasoft: Indian mid-cap IT services company specializing in cloud, data, and enterprise digital transformation for BFSI and manufacturing verticals. Comparable in scale (~₹5,000 Cr revenue range), customer overlap in BFSI, and digital transformation capability similar to Motivity Labs.
• Cyient: Indian-listed IT services and engineering firm with established drone/UAV systems engineering practice serving aerospace and defence customers. Closely comparable to Motivity Labs in digital engineering plus Scandron in drone/UAV systems integration, with similar customer profile in Indian aerospace and global aerospace primes.
• Persistent Systems: Mid-cap Indian IT services company offering digital transformation, cloud, and data engineering to global enterprise clients. Directly comparable to Motivity Labs' enterprise IT services practice serving Fortune 1000 clients, including the $4.7M enterprise engagement model Magellanic references.
• Paras Defence and Space Technologies: Indian-listed defence electronics and UAV subsystems manufacturer with overlapping exposure to Indian defence procurement, surveillance optics, and drone components. Comparable in serving DRDO/IAF customers and in pursuing 'Make in India' defence indigenization, similar to Magellanic's XTEND JV thesis.
• Genetec: Canadian-based provider of unified security, surveillance (VMS), and access control software platforms that compete directly with Scanalitix's VMS and AI video analytics offerings in the global physical security market, especially for smart city and enterprise deployments.

Broad incumbents

• Infosys: Global IT services giant offering digital transformation, cloud, and data analytics at scale. Overlaps with Motivity Labs and Finoux in enterprise IT services and BFSI digital transformation, but operates at vastly larger scale across global Fortune 500 customers.
• Axis Communications: Swedish network camera and surveillance infrastructure provider competing in the same IP-based CCTV surveillance market that Provigil/iVIS serve, particularly for railways and public infrastructure. Functions as a hardware OEM that Magellanic's subsidiary could either partner with or compete against.
• Bosch Security and Safety Systems: Division of Bosch providing video surveillance, intrusion detection, and access control systems globally. Competes with Provigil and iVIS in IP-based CCTV surveillance for railways, banking, and public infrastructure, while bringing global brand and integrated hardware-software stack.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/CloudMagellanic
• Facebookfacebook.com/Magellanic-Cloud-112710940449023
• LinkedInlinkedin.com/company/magellanic-cloud
• Instagraminstagram.com/magellaniccloudofficial

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Magellanic Cloud