Dynacons Secures Rs 249 Crore Software Project from RBI
Filing Summary
Dynacons Systems & Solutions Ltd has been awarded a contract by the Reserve Bank of India for the implementation of an Enterprise Application Platform (EAP) valued at Rs 249.15 crores. The project involves the deployment and maintenance of the EAP software over five years, utilizing a consumption-based model. The scope includes integration with RBI’s existing infrastructure and covers all RBI Data Centres and subsidiaries. The contract specifies the use of software tools from global OEMs such as IBM and Elastic. This project aligns with Dynacons’ focus on delivering comprehensive IT solutions.
Dynacons Systems & Solutions Ltd has announced the receipt of a significant contract from the Reserve Bank of India for the development and deployment of an Enterprise Application Platform (EAP). The contract is valued at Rs 249.15 crores and will span a period of five years. This project involves the implementation, maintenance, and learning services of the EAP software at the RBI, structured on a consumption-based model.
The financial terms of the contract indicate a Total Cost of Ownership (TCO) of Rs 249.15 crores, inclusive of GST. The contract does not involve any related party transactions, and there is no interest from the promoter or promoter group in the entity awarding the contract. The financial arrangement covers the supply of perpetual and subscription licenses, integration with existing RBI infrastructure, and comprehensive project management services.
The operational scope of the contract includes the delivery of a robust, scalable, and secure EAP solution. This solution will integrate best-in-class software tools from global OEMs, including IBM, Elastic, Hazelcast, JFrog, and Process9. The project will cover all RBI Data Centres, Regional Offices, Zonal Training Centres, and subsidiaries such as ReBIT, RBIH, DICGC, and IFTAS. The EAP stack will provide centralized log and event monitoring, advanced caching, secure key storage, enterprise-grade repository management, automated workflow engines, comprehensive reporting, and multilingual translation services.
The timeline for the project is set for five years, during which Dynacons will provide technical support, extensive training, and knowledge transfer for RBI teams. The project will ensure seamless integration with RBI’s existing infrastructure and includes technical support at L2/L3 levels.
The Reserve Bank of India is in the process of enhancing its foundational infrastructure for enterprise applications. This project is part of RBI’s strategy to develop a comprehensive suite of software tools to maximize functionality, security, and operational effectiveness.
Dynacons Systems & Solutions Ltd is a provider of end-to-end IT solutions, focusing on delivering comprehensive and integrated technology services. The company is committed to expanding its footprint in the IT solutions sector by securing significant contracts and delivering high-quality services to its clients.