Onward Technologies Ltd (ONWARDTEC) — Announcement | 21 September 2026

Onward Technologies announced the renewal of a multi-year Managed Digital Services contract with a global construction equipment manufacturer, valued at ₹44.46 Crores over three years from August 2026 to August 2029, representing a 72% increase over the previous contract. The expanded scope includes application development, cloud-native engineering, microservices, API development, DevOps, and testing for the client's e-commerce and aftermarket platforms. This renewal underscores the client's confidence in Onward's digital engineering capabilities and strategic partnership, positioning the company for sustained revenue growth in high-value digital services. The contract is domestic, non-related party, and fully offshore-delivered from India.