Virtual Galaxy Infotech Limited (NSE Emerge: VGINFOTECH), a leading provider of technology solutions for the Banking and Financial Services & Insurance (BFSI) sector, had announced that it has secured a Cyber Security Operations Centre (C-SOC) Platform-as-a-Service (SaaS) contract from The Buldana District Central Co-operative Bank Ltd. (BDCC Bank).
The order covers the deployment and managed operation of the Company's enterprise-grade Cyber Security Platform-as-a-Service (SaaS). The engagement includes Security Information and Event Management (SIEM), Security Orchestration, Automation and Response (SOAR), User and Entity Behaviour Analytics (UEBA), Threat Intelligence, IT Service Management (ITSM), and 24×7 Security Operations Centre (SOC) monitoring.
The order further strengthens a relationship that spans more than a decade. BDCC Bank has been a customer of Virtual Galaxy Infotech since 2014 and has been successfully operating on the Company's flagship E-Banker Core Banking Solution for over ten years. The latest engagement reflects the Bank's continued confidence in Virtual Galaxy Infotech's technology capabilities while demonstrating the Company's ability to support customers across multiple layers of their digital transformation journey
The order comes shortly after Cyber Sentinel received the prestigious TECHNOVITI 2026 Award, presented by Banking Frontiers, recognising the platform's innovation in AI-powered cybersecurity for the BFSI sector. The award reinforces the platform's capability to address the increasingly complex security, regulatory and operational requirements of financial institutions.
Cyber Sentinel is Virtual Galaxy’s next-generation AI-powered cybersecurity platform designed to deliver comprehensive enterprise security through a unified architecture integrating SIEM, SOAR, UEBA, Threat Intelligence, Compliance Management and advanced security analytics. The platform enables financial institutions to improve threat visibility, automate incident response, strengthen regulatory compliance and enhance cyber resilience across hybrid technology environments.
The latest order aligns with the Company's strategy of expanding business within its established customer base by offering complementary technology platforms beyond core banking solutions. As financial institutions increasingly prefer integrated technology partnerships, Virtual Galaxy Infotech continues to see significant opportunities to extend cybersecurity, Core-Banking, digital payments, artificial intelligence, managed services and enterprise automation solutions across its existing clientele.
Management Commentary
Commenting on the development, Mr. Avinash Shende, Chairman, Executive Director and CFO of Virtual Galaxy Infotech Limited, said:
“BDCC Bank has been our trusted customer for over a decade. Their decision to extend this relationship by adopting our Cyber Sentinel-powered C-SOC platform reflects the confidence they have built in our technology, delivery capabilities and long-term commitment. Coming soon after the TECHNOVITI 2026 Award, this engagement further validates our cybersecurity portfolio and supports our strategy of expanding recurring SaaS and managed security services within the BFSI sector.”
Growing Opportunity in Cyber Security
India's cybersecurity market continues to witness sustained growth, driven by increasing digital adoption across banks, cooperative banks, NBFCs, fintech companies, government departments and enterprises. Growing regulatory expectations, rising cyber threats and the need for continuous security monitoring are accelerating investments in managed security services and Security Operations Centre (SOC) capabilities.
Virtual Galaxy Infotech believes this engagement will serve as an important reference implementation for expanding Cyber Sentinel and its C-SOC-as-a-Service offerings across the BFSI ecosystem while increasing the contribution of recurring subscription-based revenues to the Company's business.
