Dynacons Systems & Solutions Ltd has received a significant order worth ₹249.15 crores from the Reserve Bank of India (RBI). The landmark 5-year engagement covers implementation, maintenance, and learning services for RBI's Enterprise Applications Platform (EAP) on a consumption-based model.

Contract Overview

The Reserve Bank of India is developing an Enterprise Applications Platform—a comprehensive suite of software tools providing foundational infrastructure for developing, deploying, and managing enterprise applications at scale. The platform's base layer is built on Red Hat OpenShift Platform Plus, a leading container orchestration and management system.

Project Scope and Coverage

Under this contract, Dynacons will deliver a robust, scalable, and secure EAP solution across RBI's entire infrastructure. The project spans all RBI Data Centres, Regional Offices, Zonal Training Centres, and subsidiaries including ReBIT, RBIH, DICGC, and IFTAS. The solution integrates best-in-class software tools from global technology partners including IBM, Elastic, Hazelcast, JFrog, and Process9.

Enterprise Application Platform Features

The EAP stack will provide RBI with comprehensive technological capabilities designed to enhance operational effectiveness and security:

• Centralized log and event monitoring
• Advanced caching and data management
• Secure key and credential storage
• Enterprise-grade repository and artifact management
• Automated workflow and business rule engines
• Comprehensive reporting and analytics
• Multilingual translation services supporting 12 Indian languages
• High-performance messaging middleware

Service Delivery Components

The turnkey engagement encompasses multiple service components to ensure seamless implementation and ongoing support. Dynacons will provide supply of perpetual and subscription licenses, seamless integration with RBI's existing infrastructure, comprehensive project management, and technical support at L2/L3 levels. The contract also includes extensive training and knowledge transfer programs for RBI teams to ensure effective platform utilization.

Regulatory Compliance

The company has made this disclosure in compliance with applicable SEBI (LODR) Regulations, ensuring transparency while maintaining confidentiality requirements as per the terms of the RBI Request for Proposal (RFP). This contract represents a significant milestone for Dynacons in the banking and financial services technology sector.

Dynacons Systems & Solutions Limited has secured a prestigious Device-as-a-Service (DaaS) project worth ₹74.99 crores from Jammu Kashmir Bank, marking a significant milestone in the company's growth trajectory. The announcement was made through a regulatory filing under Regulation 30 of SEBI Listing Regulations, highlighting the comprehensive nature of this five-year digital workplace solution.

Regulatory Compliance and Disclosure

The company has formally notified both NSE and BSE about this landmark project through proper regulatory channels. The intimation was filed pursuant to Regulation 30 and other applicable regulations of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Project Overview and Scope

The landmark project encompasses the deployment of advanced desktop infrastructure across Jammu Kashmir Bank's extensive network. The comprehensive solution demonstrates the scale and complexity of this digital transformation initiative.

Comprehensive Service Delivery Model

The Device-as-a-Service solution represents a comprehensive approach to IT infrastructure management. This initiative will modernize Jammu Kashmir Bank's IT ecosystem and support its vision for scalable, secure, and cost-efficient operations. The project covers the entire device lifecycle, including procurement, configuration, support, security updates, and e-waste management.

By adopting this Opex-based model, the bank will benefit from predictable costs and improved cash flow while significantly reducing the IT management burden. The solution will enable scalability to meet evolving business needs, support remote and hybrid work environments, and align seamlessly with the bank's digital transformation goals.

Client Profile and Strategic Impact

Jammu Kashmir Bank, headquartered in Srinagar, operates an extensive network across India with 1,000+ branches and 1,400+ ATMs. The bank leverages advanced IT infrastructure to connect all its offices and branches through a robust WAN network. This DaaS implementation will accelerate the bank's digital transformation and enhance customer experience capabilities.

According to Mr. Parag Dalal, Executive Director of Dynacons Systems & Solutions, this strategic partnership underscores the company's commitment to delivering cutting-edge workplace solutions that empower organizations to focus on growth while efficiently managing their IT infrastructure.

About Dynacons Systems & Solutions

Dynacons Systems & Solutions Limited is a 30-year-old IT company with global perspectives, headquartered in Mumbai with branches across India. The company maintains a large pool of technical resources present at more than 250 locations across India and holds industry-leading certifications including CMMI Level 5, ISO 9001, ISO 20000, and ISO 27000.

The company undertakes comprehensive IT infrastructure activities including infrastructure design and consulting services, turnkey systems integration, and setup of large Network and Data Centre infrastructures. Dynacons Systems & Solutions provides all service models including Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS), offering end-to-end technology solutions across industry verticals.