- Business
- Magellanic Cloud Limited (NSE/BSE: MCLOUD) is an India-based technology company engaged in software development, digital transformation, IT consulting, e-surveillance, AI/IoT solutions, and drone manufacturing; its core offerings encompass end-to-end IT and ITES including development, quality assurance, DevOps, human capital services, cloud solutions, cybersecurity, product engineering, video management systems (VMS), AI-powered video analytics, fintech services via recent investments, and drone-based applications for logistics, agriculture spraying, and surveillance. Founded in 1981 and headquartered in Hyderabad, Telangana, the company operates primarily in India with expansion into Europe, USA, Southeast Asia, Canada, and the Middle East, serving over 600 clients including Fortune 1000 firms across retail, warehousing, manufacturing, defense, healthcare, finance, and telecommunications. Recent developments include the full acquisition of Finoux Solutions Private Limited for INR 440 million in May 2025 to bolster fintech capabilities; NSE listing announcement; 24% revenue surge to INR 636 crore in Q1 FY26; Scandron subsidiary securing a INR 5 crore drone order and INR 3 crore Phase-I cargo drone contract from Resonia with Phase-II at INR 9 crore pending; Provigil subsidiary receiving a INR 6 crore contract from East Coast Railway for CVVRS; achievements such as India's first DGCA certification for logistics drones, agri-drone approval, and first place in Him-Drone-A-thon; onboarding of three mega GenAI clients; and prior acquisitions of iVIS (2022, e-surveillance), Motivity Labs (2020-21, IT/ITES), Scandron (2023, drones), and Provigil Surveillance.