Magellanic Cloud Hand-over of 685 Sites under Phase 1 of Punjab & Sind Bank
New Delhi, 2 September: Magellanic Cloud Limited has announced the handover of 685 sites under Phase 1 of its Punjab & Sind Bank deployment by the second week of August 2026.
The company has completed and handed over approximately 74% of the total 930-site deployment scope within a short span of just 5 months, demonstrating strong execution capabilities, operational efficiency, and the ability to deliver large-scale, distributed surveillance deployments at pace.
The milestone, completed by the second week of August 2026, demonstrates the company's ability to execute large-scale, geographically distributed e-surveillance deployments at speed and scale while maintaining operational efficiency across a complex banking network.
Key Execution Milestones
• 685 Sites Handed Over: Phase 1 deployment successfully completed, and 685 sites handed over to Punjab & Sind Bank.
• Around 74% Completion: The 685 sites represent approximately 74% of the total 930-site deployment scope under the Purchase Order.
• Rapid Execution: The deployment progressed from the 19 March 2026 Purchase Order to the handover of 685 sites by the second week of August 2026, with nearly three-fourths of the overall scope completed within approximately five months.
Strengthening BFSI Execution Capabilities:
The successful Phase 1 execution further strengthens Magellanic Cloud's capabilities in BFSI-focused e-surveillance solutions. The BFSI sector is rapidly moving beyond conventional surveillance towards intelligent, connected, and data-driven security ecosystems.
The group's technology portfolio is positioned to address this evolution through capabilities spanning e-surveillance, AI, cloud computing, analytics, and digital infrastructure.
The scale and speed of the deployment demonstrate the company's ability to coordinate and implement e-surveillance infrastructure across a large, distributed banking network.
With the engagement also covering operations and maintenance support, the company continues to support the e-surveillance infrastructure deployed across Punjab & Sind Bank's network. The milestone reinforces the company's growing capabilities in delivering technology-led & AI-powered e-surveillance solutions for BFSI and other critical infrastructure environments.