Magellanic Cloud Limited, originally South India Projects Limited, was founded in 1981 and rebranded in 2018. The company specializes in IT solutions, E-Surveillance, and Human Capital. Initially focused on securities trading, it diversified into IT and software-related businesses around 2015-16, expanding into manpower placement and recruitment services. In 2019, it entered the Food and Beverage sector and established a U.S. branch, Magellanic Cloud USA, Inc. The company further strengthened its business by acquiring IVIS International Private Limited and Provigil Surveillance Limited in 2022. Recent expansions include software development, internet services, and cutting-edge technologies like RPAS (drones), VR, AR, and IoT. In 2023, Magellanic Cloud acquired a 70% stake in Scandron Private Limited, continuing its growth trajectory in emerging technology sectors. The company's shares are listed on both the Calcutta Stock Exchange and BSE Limited, providing traders with a diverse investment opportunity in innovative IT and technology solutions.
