Magellanic Cloud Subsidiary Secures ₹39Cr Global Tech Deals

Magellanic Cloud Ltd’s step-down subsidiary, Motivity Labs Inc. (USA), has secured multiple high-value purchase orders from a leading multinational client, with a combined value of approximately USD 4.70 million (around ₹39 crore).

The scope of these orders includes advanced data engineering, analytics, infrastructure support, and program management services, highlighting the company’s growing presence in the global technology and data engineering space.

Commenting on the development, a company spokesperson stated that these engagements reflect the continued trust of global enterprises in the firm’s capabilities and execution strength. The projects are scheduled to be executed through 2026 and are expected to strengthen revenue visibility and support sustained growth.

Magellanic Cloud Ltd remains focused on expanding its global footprint and building deeper relationships with marquee clients, with the objective of driving long-term value creation for shareholders.

News by Rahul Yelligetti.