New Delhi: Public sector lender Punjab & Sind Bank has awarded a major ₹108.88 crore Private Cloud Infrastructure project to IT infrastructure firm Dynacons Systems & Solutions Ltd. for a period of five years.
The prestigious contract marks a significant milestone for Dynacons and strengthens its portfolio in delivering secure, scalable, and enterprise-grade cloud solutions for mission-critical banking environments.
Project Scope and Duration
Under the agreement, Dynacons will design, supply, implement, and manage an On-Premises Private Cloud Infrastructure solution for the bank.
The project will run for five years and will include deployment and hosting of the bank’s applications across Data Center (DC) and Disaster Recovery (DR) environments.
The initiative is aimed at enhancing operational efficiency, scalability, and digital transformation within the bank’s IT ecosystem.
Advanced Cloud Infrastructure and Technologies
The Private Cloud solution will provide:
- Scalable and secure cloud platform
- Automated scale-in and scale-out capabilities
- Centralized cloud management dashboard
- Dynamic resource allocation on demand
- Long-term technology flexibility and independence
The infrastructure will be built using technologies from leading global OEMs such as Dell, VMware, Red Hat, and Microsoft.
Key Components of the Solution:
- Server virtualization hypervisor
- Compute servers and SAN switches
- Object storage systems
- Private cloud orchestration and management tools
- Infrastructure and network monitoring
- Virtual load balancing (Layer 4 & Layer 7)
- Software-defined networking (SDN)
- Software-defined firewall with micro-segmentation
- Advanced threat prevention and zero-trust security
- DC-DR replication software
- Container platform
- Windows and Linux operating systems
- Backup and disaster recovery solutions
- Upgrade of existing VMware-based infrastructure
- Migration of servers (P2V and V2V)
- Onsite manpower support
This comprehensive deployment ensures high availability, security, and seamless scalability for the bank’s digital operations.
Strategic Significance of the Order
The ₹108.88 crore order significantly strengthens Dynacons’ position in the private cloud and enterprise IT infrastructure segment, particularly in the banking and financial services sector.
With banks increasingly focusing on digital banking, cybersecurity, and infrastructure modernization, such projects offer long-term revenue visibility and reinforce Dynacons’ expertise in handling complex, mission-critical deployments.
Boost to Banking Technology Transformation
Punjab & Sind Bank has consistently focused on adopting technology-driven initiatives to enhance:
- Customer convenience
- Inter-branch connectivity
- Operational efficiency
- Secure digital banking services
The new Private Cloud infrastructure will enable the bank to dynamically manage workloads, improve performance, and maintain strict security standards in a rapidly evolving digital landscape.
About Punjab & Sind Bank
Punjab & Sind Bank is one of India’s prominent nationalized public sector banks, with a network of 1,610 branches and 28 Zonal Offices across urban and rural markets. The bank has played a significant role in expanding financial inclusion and strengthening digital banking infrastructure in India. It continues to invest in advanced technology platforms to support secure, scalable, and customer-centric banking services.
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