Magellanic Cloud Subsidiary Secures USD 4.70M Order
Filing Summary
Magellanic Cloud Ltd’s subsidiary, Motivity Labs Inc., has received multiple purchase orders from a multinational company, valued at approximately USD 4.70 million (INR 39 crores). These orders involve data engineering, analytics, infrastructure support, and program management services. The contracts are scheduled for execution over the calendar year 2026. The transaction does not involve any related party interests. This development is part of Magellanic Cloud’s ongoing efforts to expand its global presence and enhance shareholder value.
Magellanic Cloud Ltd, through its step-down subsidiary Motivity Labs Inc., has secured multiple purchase orders from a leading multinational company. The combined contract value is approximately USD 4.70 million, equivalent to around INR 39 crores. The orders encompass services in data engineering, analytics, infrastructure support, and program management.
The purchase orders are to be executed over the calendar year 2026. The company has confirmed that none of the promoter or promoter group companies have any interest in the entity awarding the order. Additionally, the transaction does not fall under related party transactions.
The orders are part of a large-scale engagement, highlighting the company’s capabilities in the global technology and data engineering sectors. The company continues to focus on expanding its global footprint and strengthening relationships with marquee clients.
Motivity Labs Inc. is a technology solutions provider specializing in data engineering and analytics. The company collaborates with various global enterprises to deliver advanced technology solutions.
Magellanic Cloud Ltd is focused on providing technology and data engineering services. The company is committed to expanding its global presence and enhancing long-term shareholder value through strategic engagements and partnerships.