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Meta Infotech Secures Rs 1.91 Cr Cloud Deal
14 Mar
Summary
- Meta Infotech received a Rs 1.91 crore order for cloud workload services.
- The contract renewal is from a leading private sector bank.
- Services will be provided from March 2026 to June 2027.
Meta Infotech has been awarded a contract renewal valued at Rs 1.91 crore by a prominent private sector bank. This agreement covers the provision of cloud workload services and on-site resources.
The cloud services are slated to commence on March 1, 2026, and conclude on June 30, 2027. Concurrently, on-site resource support will be delivered during the period from March 1, 2026, to February 28, 2027.
This order was secured from a domestic entity, and Meta Infotech expects to execute it within 15 days. The company has confirmed that neither its promoter, promoter group, nor any group companies have any stake in the awarding entity, ensuring the transaction is not a related party affair.
Meta Infotech operates in the cybersecurity software trading and services sector. The company recently announced robust financial results for FY25, showing a 60.7% rise in consolidated net profit to Rs 10.51 crore and a 40.3% increase in revenue from operations to Rs 152.13 crore compared to FY24.
