Multibagger IT infrastructure stock with 34,000 per cent returns: Company bags new order worth Rs 142.55 crore from Bank of Maharashtra

The stock gave multibagger returns of 110 per cent in just 1 year, 1,120 per cent in 3 years and over 34,000 per cent in a decade.

Dynacons Systems & Solutions Ltd (Dynacons), a leading provider of innovative data center and cloud solutions, announced that it has been awarded a significant contract worth Rs 142.55 crore by the Bank of Maharashtra. The contract entails the design, deployment and management of a cutting-edge Hyper-Converged Infrastructure (HCI) system for the Private Cloud of the Bank. This strategic partnership underscores the bank’s commitment to digital transformation, secure banking operations and robust data management. These will be deployed at the data centre, disaster recovery centre and the Near DR of the Bank.

Bank of Maharashtra, one of India’s premier public sector banks with a rich legacy spanning 88 years, is on a mission to modernize its IT infrastructure to meet the evolving needs of its extensive customer base. With 2,350 branches/offices across India, including 1,200+ in Maharashtra—the largest network among public sector banks in the state—the Bank of Maharashtra is recognized as a leader in technological innovation, product development and digital transformation. The new private cloud, supported by an advanced HCI system and a comprehensive data center solution, will empower the bank to enhance operational efficiency, bolster data security and deliver an elevated digital banking experience.

The project involves the augmentation and setup of a state-of-the-art HCI solution, incorporating Private Cloud servers for business-critical applications, storage and essential hardware, including TOR Switches, Management Switches, SAN Switches, VMware Cloud and more. The overall contract spans a period of 5 years, during which Dynacons will ensure the seamless execution and ongoing maintenance of this critical infrastructure.

Key Benefits of the Project:

• Hyper-Converged Infrastructure (HCI): The integration of a cutting-edge HCI system will streamline the bank’s IT operations by combining computing, storage, and networking into a single, highly efficient platform. This will enhance scalability, reduce complexity and improve the bank’s ability to manage its IT resources effectively.
• Comprehensive Data Center Solution: The project will enable a state-of-the-art data center solution, designed to ensure the highest levels of data availability, redundancy and disaster recovery capabilities.
• Robust Security: Both the private cloud and data center will be equipped with advanced security features, ensuring the highest level of data protection and compliance with regulatory standards.
• Scalability: The solution is designed to easily scale, supporting the bank’s future growth and expansion plans without compromising on performance.
• Seamless Integration: The cloud, HCI system, and data center infrastructure will integrate seamlessly with the bank’s existing systems, minimizing disruption during the transition.
• Cost Efficiency: By leveraging a private cloud and HCI-based data center, the Bank of Maharashtra will optimize IT and data management costs while maintaining complete control over its infrastructure.

About the Company

Dynacons Systems & Solutions Ltd is a Mumbai-based IT company with nearly three decades of experience that provides a comprehensive range of IT infrastructure services across India. The company has a highly skilled technical workforce spread across more than 250 locations and holds industry-leading certifications. Dynacons offers services that encompass the entire IT infrastructure lifecycle, from design and consulting to turnkey integration, large network and data center setup, and associated equipment and software provisioning. They specialize in cutting-edge solutions like Hyper-Converged Infrastructure (HCI), private/public cloud setup, Software-Defined Networking (SD-WAN) and Storage (SDS), VDI solutions, and multi-location infrastructure management.

On Monday, shares of DSSL plunged 0.93 per cent to Rs 1,512.75 per share from its previous closing of Rs 1,526.90 with an intraday high of Rs 1,589.95 and its 52-week low of Rs 1,495. The stock’s 52-week high is Rs 1,730 while its 52-week low is Rs 593.70.

The company has a market cap of Rs 1,923 crore with an ROE of 41 per cent and an ROCE of 44 per cent. The stock gave multibagger returns of 110 per cent in just 1 year, 1,120 per cent in 3 years and over 34,000 per cent in a decade. Investors should keep an eye on this Small-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice. 

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