Magellanic Cloud Limited’s step-down subsidiary, Motivity Labs Inc. (USA), has secured significant purchase orders from a leading multinational company, with a combined contract value of approximately USD 4.70 million (around ₹39 crores). This strategic order win underscores the company’s strong positioning in the global technology and data engineering sector.
The scope of work for these contracts includes advanced data engineering, analytics, infrastructure support, and programme management services. These engagements are part of large-scale projects, reflecting the continued trust of global enterprises in Magellanic Cloud‘s capabilities and execution strength.
The orders are expected to be executed over the calendar year 2026, contributing significantly to the company’s revenue visibility and growth momentum. Magellanic Cloud continues to focus on expanding its global footprint and strengthening relationships with marquee clients, thereby enhancing long-term shareholder value.
Importantly, none of the promoter or promoter group companies have any interest in the entity that awarded the order, and the transaction does not fall under related party transactions.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Arunika Jain and reviewed by Aman Shukla before publication.