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Business
Virtual Galaxy Infotech Secures Rs 5.45 Crore Deal with Mizoram Cooperative Apex Bank
✍️ scanx.trade
🗓 24 Aug 2026, 05:04 PM
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Technology firm Virtual Galaxy Infotech has been awarded a contract worth Rs 5.45 crore by Mizoram Cooperative Apex Bank, marking a significant business win for the company.
Virtual Galaxy Infotech, a provider of IT and digital solutions, announced that it has secured a contract valued at Rs 5.45 crore from Mizoram Cooperative Apex Bank. The order, confirmed by both parties, is expected to strengthen the bank's technological capabilities, though specific deliverables were not disclosed in the announcement.
The deal underscores the growing demand for technology services among cooperative banking institutions in India's northeastern region. Industry analysts note that such contracts reflect a broader trend of digital transformation within the banking sector, aimed at improving efficiency and customer experience.
While the exact timeline for implementation has not been released, Virtual Galaxy Infotech indicated that it will mobilize its resources to meet the bank's requirements promptly. The partnership also highlights the company's expanding footprint beyond its traditional markets.
The Mizoram Cooperative Apex Bank, which serves a network of cooperative banks across the state, has been pursuing modernisation initiatives to stay competitive. This contract is part of its ongoing strategy to adopt advanced technology solutions.
Both entities expressed optimism that the collaboration will yield tangible benefits for the bank's members and contribute to the region's economic development.
The deal underscores the growing demand for technology services among cooperative banking institutions in India's northeastern region. Industry analysts note that such contracts reflect a broader trend of digital transformation within the banking sector, aimed at improving efficiency and customer experience.
While the exact timeline for implementation has not been released, Virtual Galaxy Infotech indicated that it will mobilize its resources to meet the bank's requirements promptly. The partnership also highlights the company's expanding footprint beyond its traditional markets.
The Mizoram Cooperative Apex Bank, which serves a network of cooperative banks across the state, has been pursuing modernisation initiatives to stay competitive. This contract is part of its ongoing strategy to adopt advanced technology solutions.
Both entities expressed optimism that the collaboration will yield tangible benefits for the bank's members and contribute to the region's economic development.