Business EconomyPosted at: Feb 17 2025 7:16PM


Magellanic Cloud plans to expand its workforce to 5000 employees by 2026

Hyderabad, Feb 17 (UNI) Magellanic Cloud Limited, a leading technology innovator, is set to expand its workforce from the current 1,600 to 5,000 by 2026, driven by both organic growth and acquisitions, announced Joseph Sudheer Thumma, the company's Managing Director and Global CEO.
Speaking at a press conference following the company’s recent listing on the National Stock Exchange (NSE), Thumma outlined Magellanic Cloud’s two-decade journey and future growth roadmap. He emphasised the company’s focus on cutting-edge technologies, including AI, IT/ITES, and e-surveillance.
The company has been expanding through strategic acquisitions and investments in AI-driven platforms such as Scantletics for proactive video surveillance. Magellanic Cloud has also ventured into drone technology, securing certification for logistics drones capable of commercial operations in India.
Thumma revealed that the company aims to achieve a revenue boost of USD 40-50 million through acquisitions, with major deals planned in IT/ITES and staffing solutions. With a total investment of Rs 400-500 crore for acquisitions and project fulfilment, the firm plans to strengthen its presence in Hyderabad, where it expects to house over 2,500 employees by 2026.
Magellanic Cloud continues to position itself as a leader in AI-driven surveillance, IT solutions, and drone technology, with a strong focus on scaling its operations globally.
Arjun Nayak, Chief Executive Officer of Scandron, a subsidiary of Magellanic, stated, "We’re advancing in the drone industry, and we’ve proven our capabilities, which is why we’re showcasing a real drone here that has passed all necessary tests. This 200 kg drone is one of the largest in its category and represents our ongoing investment in innovation.
Our goal is to use technology to solve everyday problems for individuals, businesses, and the military. This approach is key to driving exponential growth and delivering returns for investors.
Regarding logistics, our drones are well-suited for e-commerce, though we are still working through some details. Updates will follow.
In defence, India’s unique high-altitude battlefield requires innovative solutions. We’re replacing traditional transport methods, like mules, with logistics drones that will improve supply lines to remote posts, especially in harsh winter conditions.
We’ve already conducted trials in various high-altitude regions across India and expect to begin industrial operations this year. Additionally, we’ve signed contracts with e-commerce and supply chain companies and expect further developments soon.
As for Scandron, we’ve made significant R&D investments and are now shifting focus to logistics, including e-commerce and supply chain in India. We anticipate receiving significant orders soon, with tenders valued at 10 crore each, opening up numerous opportunities in the coming months."
Sanjay Chauhan, Chief Financial Officer of Magellanic Cloud, presented the company’s third-quarter financial results for FY25, showing significant growth compared to the previous year. Revenue from operations for Q3 FY25 rose to Rs 151 crores, a 15 per cent increase from Rs 131 crores in Q3 FY24. EBITDA grew to Rs 55.6 crores, up from Rs 50.8 crores, while profit after tax (PAT) reached Rs 29.2 crores, marking a 30 per cent growth from Rs 22.6 crores in the same quarter last year.
Chauhan also highlighted the company’s performance over the first nine months of FY25, with total revenue of Rs 441 crores, up 5 percent from Rs 423 crores in FY24. The company’s innovative initiatives, such as expanding its product range in East Australia and introducing new prototypes, have contributed to its stable performance. The Impetent segment saw a 24 percent increase in revenue to Rs 160 crores compared to Rs 130 crores last year, while PAT for the nine months reached Rs 80 crores, a 27 percent increase from Rs 63.5 crores in FY24.
Looking ahead to FY26 and FY27, Chauhan emphasized the company’s focus on both organic and inorganic growth. Inorganic growth will be driven by acquisitions, particularly in the IT/ITes sector, with a projected 30-40 percent increase.
He also predicted a 50 percent revenue growth and a 17-20 percent increase in PAT for FY26.
UNI VV BD
Please log in to get detailed story.
Tags: #Magellanic Cloud plans to expand its workforce to 5000 employees by 2026
More News
Invest Kerala Summit: Projects worth Rs 4,410 crore to start in May, says P Rajeeve

Invest Kerala Summit: Projects worth Rs 4,410 crore to start in May, says P Rajeeve

26 Apr 2025 | 6:52 PM

Thiruvananthapuram, Apr 26 (UNI) Kerala Minister for Industries, P Rajeeve on Saturday said works on 13 projects with a total investment of Rs 4,410 crore yielded by the Invest Kerala Global Summit (IKGS 2025) will commence in May.

see more..
Kottayam-Kochi rubber market rates

Kottayam-Kochi rubber market rates

26 Apr 2025 | 5:52 PM

Kottayam, Apr 26 (UNI) Following were the market rates of rubber per quintal announced by the Rubber Board here on Saturday.

see more..

SICCI holds Executive Round Table on doing business with Indonesia

26 Apr 2025 | 5:22 PM

Chennai, Apr 26 (UNI) The Southern India Chamber of Commerce and Industry (SICCI)
organized an Executive Round Table on Doing Business with Indonesia at the Indonesia
Trade Promotion Center in Chennai on Saturday.

see more..

HPTDC capable of running Wildflower Hall : Bali

26 Apr 2025 | 3:00 PM

Shimla, Apr 26 (UNI) Chairman of the Himachal Pradesh Tourism Development Corporation (HPTDC) and first-time MLA from Nagrota Bagwan Raghubir Singh Bali announced on Saturday that the Corporation is fully capable of efficiently managing the prestigious five-star Wildflower Hall hotel if entrusted with the responsibility by the state government.

see more..
International Trade Show to present new picture of new UP

International Trade Show to present new picture of new UP

26 Apr 2025 | 2:36 PM

Gorakhpur, Apr 26 (UNI) Uttar Pradesh is set to showcase its strength, potential and achievements on the global stage once again with the third edition of the UP International Trade Show (UPITS) 2025, to be held in Greater Noida from September 25 to 29, sources said here on Saturday.

see more..