Magellanic Cloud's IVIS Receives LOI from India's Leading Gold Loan Financier, Manappuram Finance
Hyderabad, June 30, 2026
Hyderabad, June 30, 2026: Magellanic Cloud Limited (NSE: MCLOUD | BSE: 538891) today announced that its wholly owned subsidiary, IVIS International Private Limited, has received a Letter of Intent (LOI) from Manappuram Finance Limited, one of India’s leading gold loan companies, for the proposed deployment of outsourced Command & Control Centre (CCC) e-surveillance services across its nationwide network of approximately 1,350 branches.
The proposed solution is designed to deliver an integrated enterprise security ecosystem powered by IVIS’ advanced Command & Control Centre platform. It encompasses AI-driven surveillance, real-time event monitoring, centralized branch visibility, intelligent alert handling and escalation, vault monitoring, and end-to-end maintenance of security infrastructure, enabling financial institutions to proactively manage security across geographically distributed operations.
As one of India’s largest gold loan providers, Manappuram Finance operates an extensive branch network responsible for safeguarding high-value pledged assets and serving millions of customers. The proposed engagement highlights the growing importance of AI-powered surveillance and centralized security management in the BFSI sector, where operational resilience, rapid incident response, and continuous monitoring are critical to business continuity and customer trust.
Commenting on the development, Joseph Sudheer Reddy Thumma, Chairman & Managing Director, Magellanic Cloud Limited, said:
“The proposed engagement with Manappuram Finance represents an important milestone in our BFSI growth journey. It reflects the increasing confidence that leading financial institutions place in our AI-powered surveillance capabilities and our ability to deliver secure, scalable, and intelligent Command & Control Centre operations. As enterprise security continues to evolve, we remain committed to building technology solutions that help organizations strengthen resilience, enhance operational efficiency, and protect critical assets.“
Syed Ameeruddin (Kevin), Chief Executive Officer, IVIS International Private Limited, added:
“Financial institutions today require more than conventional surveillance—they need intelligent security ecosystems that deliver real-time visibility, faster response, and centralized control. Our AI-enabled Command & Control Centre platform has been designed to meet these evolving requirements through advanced analytics, automated monitoring, and seamless operational management. We look forward to supporting Manappuram Finance in strengthening security across its nationwide branch network.”
IVIS continues to expand its presence across the Banking, Financial Services and Insurance (BFSI) sector by delivering enterprise-grade electronic surveillance, AI-powered video analytics, centralized monitoring, and managed security services. With deep expertise in securing critical infrastructure and distributed branch networks, the company remains focused on enabling smarter, safer, and more resilient operations for organizations across India.
About Magellanic Cloud Limited
Magellanic Cloud Limited is a leading technology-driven enterprise delivering solutions across surveillance, drone technology, fintech, and IT services through its portfolio of specialized subsidiaries. The company focuses on building scalable, AI-powered platforms that enable enterprises and public infrastructure to operate with enhanced intelligence, security, and efficiency.
