Company Profile

Magellanic Cloud’s subsidiary -- Scandron has bagged its first major logistic drone order from an Indian Robotics firm for an aggregate value of Rs 43 crore. This order marks the company’s entry into the logistics sector that had a high potential with multiple players in India and abroad. The order entails delivery of 45 CargoMax series drone kits - along with RTF Quadrotor Airframe, Flight Controllers, RC Controllers, EO Payload and Transport Case - that will be manufactured in its state-of-the-art facility in Bangalore. 

Scandron is the first company to get approval from Directorate General of Civil Aviation (DGCA), a government body, for providing logistics drones in the country. The company aims to target a 5 per cent share in the $6 Billion last mile delivery segment in India. The company is aiming to capitalize on first mover advantage and corner a sizeable share of $300 million in market share in the first three years in this Last Mile delivery segment and would be upscaling its backend to meet these demands.

Magellanic Cloud will follow a combination of B2B and B2C model for its drone delivery services. The focus would be to work with aggregators in commercial use under a B2B model delivering supplies between hubs; and provide last mile delivery under critical cases - like armed forces, difficult terrains, medical supplies etc - under B2C model. 

Magellanic Cloud is global Leaders in Software Development, Digital Transformation, DevOps space.

Magellanic Cloud’s subsidiary -- Scandron has become the first company in India to receive a DGCA Type Certification for Logistics Drone, the CargoMax 500HE. This historic milestone achievement demonstrates Scandron's commitment to technological innovation with drones and its commitment to ensuring compliance with all regulatory requirements to ensure safe drone operations. With this certification, Scandron is uniquely positioned to revolutionize logistics and supply chain management, enabling efficient and timely delivery for companies that are adopting drones in their supply chain.

The launch of a DGCA Type Approved Logistics Drone facilitates critical medical deliveries to remote regions, streamlines e-commerce logistics, and enhances mid and last-mile delivery. Scandron recently entered into a strategic partnership with CriticaLog India to offer comprehensive B2B and hub-to-hub drone delivery solutions across 160 Indian cities.

Receiving DGCA Type Certification for the CargoMax 500HE Logistics drone, enables Scandron and Criticalog to operationalize their partnership and introduce innovative dronebased logistics solutions to the market. This partnership leverages Scandron's CargoMax series of logistics drones manufactured in its Bengaluru facility and CriticaLog's expertise in logistics to enhance delivery services in various sectors, including healthcare, e-commerce, and NFO. 

Magellanic Cloud is global Leaders in Software Development, Digital Transformation, DevOps space.

Magellanic Cloud is currently trading at Rs. 623.75, up by 5.95 points or 0.96% from its previous closing of Rs. 617.80 on the BSE.

The scrip opened at Rs. 633.90 and has touched a high and low of Rs. 638.00 and Rs. 622.10 respectively. So far 19073 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 660.00 on 09-Feb-2024 and a 52 week low of Rs. 115.28 on 20-Feb-2023.

Last one week high and low of the scrip stood at Rs. 640.00 and Rs. 600.25 respectively. The current market cap of the company is Rs. 7362.79 crore.

The promoters holding in the company stood at 58.64%, while Institutions and Non-Institutions held 0.44% and 40.92% respectively.

Magellanic Cloud’s subsidiary -- Scandron has become the first company in India to receive a DGCA Type Certification for Logistics Drone, the CargoMax 500HE. This historic milestone achievement demonstrates Scandron's commitment to technological innovation with drones and its commitment to ensuring compliance with all regulatory requirements to ensure safe drone operations. With this certification, Scandron is uniquely positioned to revolutionize logistics and supply chain management, enabling efficient and timely delivery for companies that are adopting drones in their supply chain.

The launch of a DGCA Type Approved Logistics Drone facilitates critical medical deliveries to remote regions, streamlines e-commerce logistics, and enhances mid and last-mile delivery. Scandron recently entered into a strategic partnership with CriticaLog India to offer comprehensive B2B and hub-to-hub drone delivery solutions across 160 Indian cities.

Receiving DGCA Type Certification for the CargoMax 500HE Logistics drone, enables Scandron and Criticalog to operationalize their partnership and introduce innovative dronebased logistics solutions to the market. This partnership leverages Scandron's CargoMax series of logistics drones manufactured in its Bengaluru facility and CriticaLog's expertise in logistics to enhance delivery services in various sectors, including healthcare, e-commerce, and NFO. 

Magellanic Cloud is global Leaders in Software Development, Digital Transformation, DevOps space.