Dynacons Systems & Solutions has announced a major contract win, securing a ₹108.88 crore project from Punjab & Sind Bank for comprehensive on-premises private cloud infrastructure implementation and management services. The company has formally notified stock exchanges under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, marking this significant 5-year deal as a notable expansion of its enterprise client base.

Regulatory Compliance and Project Overview

The company filed the mandatory disclosure with both NSE (Symbol: DSSL) and BSE (Security Code: 532365), providing detailed project specifications as required under regulatory guidelines. Company Secretary Pooja Patwa signed the official intimation, confirming this as a domestic contract with no related party transactions involved.

Comprehensive Technical Infrastructure

Dynacons will oversee the design and implementation of necessary IT infrastructure, underlying system software, and cloud services to support deployment and hosting of the bank's applications, including Data Center and Disaster Recovery (DC-DR) environment. The solution incorporates technologies from leading global OEMs including Dell, VMware, Red Hat, and Microsoft.

The comprehensive solution includes server virtualization hypervisor, compute servers, SAN switches, object storage, private cloud management and orchestration, infrastructure monitoring, virtual load balancing, software-defined networking, and advanced threat prevention with zero-trust security features. The platform will provide automated scale-in and scale-out capabilities through a centralized, user-friendly management dashboard.

Strategic Implementation Scope

The project encompasses migration of existing servers to the private cloud platform (P2V and V2V), upgrade of existing VMware-based infrastructure and SAN storage, backup and recovery solutions, and comprehensive onsite manpower support. Punjab & Sind Bank, serving customers across urban and rural markets through its extensive branch network, has consistently adopted technology-driven initiatives to enhance operational efficiency.

Management Commentary

Commenting on the development, Mr. Dharmesh Anjaria, Executive Director of Dynacons Systems & Solutions, stated: "This achievement is a strong validation of our Private Cloud strategy and execution capabilities. Securing yet another large-scale Private Cloud project reflects the trust that leading institutions place in Dynacons' ability to deliver secure, resilient, and future-ready IT infrastructure."

Company Profile and Capabilities

This project win demonstrates Dynacons Systems & Solutions' growing expertise in enterprise cloud solutions and its ability to secure large-scale contracts from established financial institutions. The 30-year-old IT company, headquartered in Mumbai with branches across India, maintains industry-leading certifications including CMMI Level 5, ISO 9001, ISO 20000, and ISO 27000. The company's technical resources are present at more than 250 locations across India, positioning it well for comprehensive nationwide project delivery.

Dynacons Systems & Solutions Limited showcased strong operational performance in its first-ever earnings call, reporting robust financial results for Q3 FY26 and nine-month period ended December 31, 2025. The IT system integrator and managed services provider demonstrated significant margin expansion while maintaining steady revenue growth across its core business segments.

Financial Performance Highlights

The company delivered impressive financial metrics during Q3 FY26, with notable improvements across key parameters:

For the nine-month period, the company reported revenues of INR1,022 crores with EBITDA reaching INR110 crores and margins improving to 10.7%. Net profit stood at INR66 crores, representing 21% year-on-year growth. The margin improvement reflects operating leverage, higher contribution from solutions and services, and a growing share of value-added offerings.

Strategic Business Developments

Dynacons achieved several significant milestones during the quarter, reinforcing its position as a leading India-focused IT system integrator. The company successfully went live with 38 banks under Core Banking as a Service, an initiative of NABARD for associated state and district cooperative banks. This achievement demonstrates the company's execution strength in mission-critical financial infrastructure programs.

The company secured multiple high-value projects across BFSI and public sector segments:

Order Book and Pipeline Strength

As of December 31, 2025, Dynacons maintained a robust order book of approximately INR2,389 crores, providing strong revenue visibility. Additionally, the company holds a substantial order pipeline of approximately INR3,083 crores, comprising opportunities across data center and cloud, networking, managed services, and workplace solutions. The order execution timeline ranges from immediate orders to projects spanning five years, with an average timeline of approximately two years.

Industry Recognition and Partnerships

The company received multiple industry accolades during the period, highlighting its market position and execution capabilities. Dynacons was awarded by Lenovo as 360 true scale DaaS growth partner of the year for Asia Pacific and recognized as HPE solution provider of the year 2025. The company was also honored as system integration partner of the year by Versa Networks and featured among India's leading ESG entities 2025 by Dun & Bradstreet.

Business Segment Performance

Managed services and annuity-based revenue currently represents approximately 21% of the company's overall revenue mix. Data center and cloud infrastructure projects, along with recurring managed services and As-a-Service engagements, continue to support profitability and improve revenue quality. The contribution from data center and cloud has grown from 14% to 37% over the years, reflecting the company's strategic focus on higher-margin solutions.

Market Outlook and Growth Strategy

Dynacons expects continued growth supported by increasing enterprise investments in AI-ready data centers and cloud infrastructure, heightened focus on cybersecurity and compliance, and ongoing digital transformation across BFSI and public sector enterprises. The company maintains a two-pronged strategy focusing on cross-selling opportunities within existing large enterprise accounts while simultaneously acquiring new large enterprise customers to build pipeline visibility.