Onward Technologies has secured a 3-year renewal of its Managed Digital Services contract with a leading global construction and mining equipment manufacturer. According to the latest disclosure filed with BSE Limited and National Stock Exchange of India, the contract is valued at ₹44.46 crore and extends from August 2026 to August 2029. The renewed engagement represents a significant increase in scope compared to the previous agreement, with the company providing 100% offshore-based delivery from its India delivery centers.
The renewed contract significantly expands Onward Technologies' service offerings to support the client's global e-commerce and aftermarket business platforms. As disclosed in the regulatory filing, the scope includes application development and enhancement, cloud-native engineering, microservices architecture, API development, DevOps-enabled delivery, testing, deployment and integration services. This comprehensive digital engineering approach demonstrates the company's ability to provide end-to-end digital transformation solutions for major manufacturing clients in the construction and mining equipment sector.
The renewed contract demonstrates substantial growth in the company's digital services business. According to the latest disclosure, the ₹44.46 crore contract value represents a 72% increase compared to the previous contract with the same client. This significant value increase reflects the customer's continued confidence in Onward Technologies' capabilities and service delivery excellence, with the company positioning itself as a leading provider of digital and ER&D services in the global market.
The contract renewal highlights the customer's sustained trust in Onward Technologies' digital engineering capabilities and strategic partnership approach. The outcome-based services contract structure demonstrates the company's ability to maintain and expand relationships with major global manufacturing clients in the construction and mining equipment sector. The extended tenure from 2026 to 2029 provides long-term revenue visibility for the company's digital services division, with the focus on application development, cloud-native engineering, and DevOps-enabled delivery services.
