Dynacons Systems & Solutions Limited has won a ₹74.99 crore Device-as-a-Service (DaaS) project from Jammu & Kashmir Bank. The five-year engagement involves deploying 9,851 advanced desktops across 1,019 branches nationwide, under an Opex-based DaaS model covering procurement, configuration, support, security updates, and e-waste management. This project aims to modernize the bank’s IT ecosystem and strengthen its digital transformation initiatives.
Project Overview
The DaaS solution provides a comprehensive IT infrastructure service, ensuring scalability, cost-efficiency, and secure operations for Jammu & Kashmir Bank. By outsourcing the lifecycle management of desktops, the bank benefits from predictable operational costs, improved cash flow, and reduced IT management overhead, supporting remote and hybrid work environments.
| Parameter | Details |
| Project Value | ₹74.99 crore (excluding GST) |
| Duration | 5 years |
| Desktop Units | 9,851 |
| Branch Coverage | 1,019 branches pan-India |
| Service Model | Opex-based Device-as-a-Service (DaaS) |
| Regulatory Compliance | SEBI Regulation 30 |
| Related Party Transaction | No |
Strategic Impact
Jammu & Kashmir Bank, headquartered in Srinagar with over 1,000 branches and 1,400 ATMs, will leverage the DaaS model to accelerate digital transformation, enhance operational efficiency, and improve customer experience capabilities.
About Dynacons Systems & Solutions
Dynacons Systems & Solutions Limited, headquartered in Mumbai, is a 30-year-old IT company with pan-India operations across 250+ locations. The company holds certifications including CMMI Level 5, ISO 9001, ISO 20000, and ISO 27000 and offers a full suite of services including IaaS, PaaS, and SaaS solutions, providing end-to-end IT infrastructure design, consulting, and implementation for enterprises.
Summary:
Dynacons Systems & Solutions has secured a ₹74.99 crore, five-year DaaS project from Jammu & Kashmir Bank to deploy nearly 10,000 desktops across 1,019 branches. The Opex-based model covers the entire device lifecycle, modernizing the bank’s IT infrastructure, enabling scalable operations, and enhancing customer experience. The project underscores Dynacons’ role as a leading provider of end-to-end IT solutions across India.
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