The scope of work under the tender includes the supply, installation, and commissioning of e-surveillance systems with advanced Al features, along with the operation of a 24/7 Central Monitoring Station. The award of the contract remains subject to the issuance of a formal order by Bank of Maharashtra.
E-Surveillance in Banking: Securing Distributed Networks
Banks operate large, geographically distributed networks of sites that require round-the-clock security and monitoring. E-surveillance lets these sites be monitored remotely from a centralized station, so oversight is consistent, and incidents can be responded in time across locations. As banks continue to modernize their security infrastructure, centrally monitored e-surveillance has become an important part of how security is managed across their networks.
Key Highlights
- L1 Bidder with a Project Value of approx. 7115 Crore: Provigil Surveillance Limited has emerged as the L1 (lowest) bidder in the tender issued by Bank of Maharashtra.
- Coverage Across 1,550+ Sites: The tender covers the provision of e-surveillance solutions across 1,550+ sites.
- Scope of Work: Supply, installation and commissioning of e-surveillance systems with advanced Al features, along with the operation of a 24/7 Central Monitoring Station.
- Subject to Formal Award: The award of the contract remains subject to the issuance of a formal order by Bank of Maharashtra.
Strengthening Presence in BFSI E-Surveillance
This development represents a significant opportunity for Provigil Surveillance Limited. Upon award, it would further strengthen Magellanic Cloud’s presence in the Banking, Financial Services and Insurance (BFSI) e-surveillance segment. The bid is in the ordinary course of business of Provigil and is aligned with its core business of providing integrated surveillance, telecommunications and security infrastructure solutions. Magellanic Cloud remains committed to delivering high-quality, efficient and reliable solutions and will continue to pursue similar opportunities across the BFSI, transportation, government and critical infrastructure sectors.
Joseph Sudheer Reddy Thumma, Chairman & Managing Director, Magellanic Cloud Limited, said, “We are pleased that Provigil Surveillance Limited has emerged as the L1 bidder in Bank of Maharashtra’s e-surveillance tender covering 1,550+ sites. The scope includes the operation of a 24/7 Central Monitoring Station and is closely aligned with Provigil’s core business of integrated surveillance and security infrastructure solutions. Subject to the formal award, this opportunity would further strengthen our presence in the BFSI e-surveillance segment. We remain focused on delivering high-quality, efficient and reliable solutions.”
