Dynacons Systems & Solutions Secures Rs. 280 Crore Deal.

Dynacons Systems & Solutions has announced a significant Rs. 280 crore project win to upgrade the information technology (IT) data centre infrastructure for Canara Bank. The five-year project involves the supply, implementation, and ongoing maintenance of advanced IT infrastructure, including 500 servers, high-performance storage systems, and a comprehensive suite of hardware and software solutions. This upgrade is aimed at enhancing Canara Bank’s digital capabilities, ensuring scalable, seamless operations.

Canara Bank, one of India's largest public sector banks, operates a vast network of over 9,658 branches across India and maintains an international presence with offices in London, Dubai, New York, and IBU Gift City. The bank is undertaking this major IT transformation to strengthen its digital framework and support future growth.

Shirish M. Anjaria, Chairman and Managing Director of Dynacons, expressed his pride in the achievement, saying, “This win reflects our technological expertise, skilled workforce, and commitment to delivering top-tier solutions in the BFSI sector. It strengthens our position in the banking and financial services industry, setting the stage for future collaborations with other financial institutions.”

The project will see the deployment of cutting-edge technologies, including Dell Technologies' servers and storage solutions, IBM WebSphere, Red Hat, Microsoft Windows & SQL, and JBoss Enterprise. This upgrade demonstrates Canara Bank’s dedication to modernizing its IT infrastructure with the latest tools to stay competitive in an increasingly digital banking environment.

Dynacons will provide comprehensive support throughout the project, including 24/7 maintenance and a 99.90% uptime guarantee. The deployment is designed to ensure scalability, improve performance, optimize infrastructure, and enhance security. Additionally, the architecture will support compatibility with the bank’s legacy applications, a critical consideration for an institution of Canara Bank’s scale.

“This deployment not only reinforces Canara Bank’s digital transformation but also positions Dynacons as a trusted partner for large-scale, mission-critical projects in the financial services domain,” added Anjaria. The agreement is expected to bolster both companies’ reputations in the fast-evolving banking technology landscape.

BS