News

Magellanic Cloud Bets Big on FinTech with 100% Finoux Acquisition Hyderabad, India – May 20, 2025 Magellanic Cloud Limited (NSE: MCLOUD | BSE: MCLOUD), a global technology leader in AI-powered digital transformation, has announced the 100% Finoux Acquisition, a next-generation fintech automation platform. This strategic move marks Magellanic Cloud’s official debut in the fintech space, reinforcing its vision to drive digital transformation across high-growth industries through advanced technologies.Finoux’s unparalleled expertise in robo-advisory, investment intelligence, and AI/ML-powered financial analytics enriches Magellanic Cloud’s deep-tech portfolio. Recognized thought leader in the financial services space, renowned for its use of predictive analytics, AI/ML, and ready-to-deploy frameworks and trading algorithms that accelerate go-to-market strategies for banks, fintechs, NBFCs, and other financial institutions. Backed by over 25 years of BFSI domain expertise and a strong UX practice, Finoux has become the go-to technology transformation partner for organizations looking to digitize at scale. Magellanic Cloud’s Finoux acquisition adds a customer base of over 75 clients and a team of 250+ professionals across India, the Middle East, Saudi Arabia, and Southeast Asia to the group company’s ecosystem. With partnerships that include prominent names in financial services such as HDFC Bank, BondBazaar, ICICI Securities, Angel One, and Motilal Oswal, this acquisition positions Magellanic Cloud to offer next-gen, scalable, and intelligent solutions across a broader global footprint.Finouz  Leadership Voices on the Finoux Acquisition Commenting on the acquisition Mr Joseph Sudheer Thumma quoted, “We’re excited to announce that Finoux is more than just a new addition to our ecosystem; it represents a significant leap forward in the future of fintech. With its advanced robo-advisory platforms and AI/ML-powered tools for risk profiling, investment tracking, and financial planning, Finoux brings invaluable domain expertise and cutting-edge innovation to the Magellanic Cloud. By seamlessly integrating AI/ML into financial decision-making, Finoux enhances our ability to provide smarter, data-driven solutions that solve business challenges faster, with greater accuracy and optimization. This acquisition solidifies our commitment to advancing financial services and empowering our clients with next-gen technology.” The leadership team at Finoux shared their excitement about the 100% acquisition by Magellanic Cloud, highlighting the new opportunities for innovation and global growth: “The acquisition of Finoux by Magellanic Cloud marks a pivotal chapter for both organizations, blending financial technology expertise with cutting-edge automation and global reach. Leadership from Finoux shared their thoughts on this strategic move and the promising road ahead.Finoux is delighted to join the Magellanic Cloud group as a subsidiary. We believe that MCloud’s diverse technology business and geographical reach, coupled with Finoux’s deep domain legacy in the BFS sector, will provide a major impetus to our growth and acceleration in the future.” — Sanjay Sarkar, Director, Finoux “This strategic alignment not only enhances our technological depth but also opens the door to significant investments in top-tier engineering talent, empowering us to deliver high-impact solutions at scale. This journey excites us as we gear up to pursue bigger growth, more innovative products, and transformative offerings that redefine industry standards.” — Praveen Nair, Director, Finoux “The merger between Finoux and MCLOUD represents a pivotal moment in our evolution. This strategic alignment brings together Finoux’s deep expertise in financial technology with the scale, infrastructure, and global reach of our new partner. Together, we are uniquely positioned to shape the future of digital innovation, accelerate client success, and redefine industry standards in a rapidly transforming technological landscape.” — Hemesh Shah, Director, Finoux Magellanic Cloud’s recent move reflects its unwavering commitment to ownership, acquisition, and innovation, driving industry transformation and creating long-term value through decisive actions. The acquisition also unlocks new opportunities for collaboration, cross-functional innovation, and growth across the organization. Magellanic Cloud is grateful for the continued support, resilience, and belief in its vision. Together, the team is not just building the Magellanic Cloud — they are shaping the future. About the Magellanic Cloud Magellanic Cloud Limited (NSE: MCLOUD | BSE: MCLOUD) is a publicly listed global technology company specializing in digital transformation, software development, DevOps, e-surveillance, drone manufacturing, and human capital solutions. Headquartered in Hyderabad, India, with a presence across the USA, Europe, and Asia, Magellanic Cloud delivers cutting-edge solutions that integrate AI, IoT, and cloud technologies to address real-world challenges effectively. The company operates through a robust ecosystem of subsidiaries, including Motivity Labs, Scandron, iVIS, and Jnit Technologies, enabling it to offer a wide array of services such as product engineering, quality assurance, data analytics, multi-cloud DevOps automation, process automation, and enterprise security. With a dynamic team of over 1,600 professionals and a diverse portfolio of more than 100 clients, including numerous Fortune 1000 companies, Magellanic Cloud is committed to driving innovation and delivering exceptional value across industries. For more information, visit https://magellanic-cloud.com/. About Finoux Finoux Solutions Pvt. Ltd. is a Mumbai-based fintech innovation company specializing in AI-driven digital transformation for the Banking, Financial Services, and Insurance (BFSI) sector. Founded in 2012 by a team of fintech pioneers, including the creators of Moneycontrol.com, Finoux has established itself as a trusted partner for over 35 leading financial institutions globally, delivering scalable, customer-centric digital solutions. Finoux’s product suite encompasses a range of proprietary platforms such as BankOne, Fenfoo, Goal Post, and Tick, designed to streamline operations in areas like online account opening, portfolio tracking, robo-advisory, eKYC, and mobile trading. These solutions are built on robust frameworks that ensure rapid deployment and seamless integration with existing systems, enabling clients to achieve faster time-to-market and enhanced customer engagement. With a team of over 130 professionals, Finoux combines deep domain expertise with a consultative approach, offering end-to-end services from strategic planning to execution. The company’s commitment to innovation and excellence has earned it a reputation for delivering solutions that drive real business results and profitability. For more information, visit https://www.finoux.com/. Forward-Looking Statements This press release contains forward-looking statements within the meaning of applicable securities laws, including but not limited to statements related to the anticipated benefits of Magellanic Cloud’s acquisition of Finoux, the integration of Finoux’s technologies into Magellanic Cloud’s platform, and the expected impact on the financial services industry. These forward-looking