MoU signs AIML Cloud as exclusive distributor of FIRM TALK ERP; ₹15 crore minimum guaranteed sale over 24 months
MoU dated September 24, 2026 with AIML Cloud Global Technologies Pvt Ltd.
By ScoutQuest · · 2 min read
- MoU Date
- September 24, 2026
- Partner Company
- AIML Cloud Global Technologies Pvt Ltd
- Product
- FIRM TALK ERP
- Revenue Share
- 50:50 between GACM and AIML
- Minimum Guaranteed Sale
- ₹15 crore over 24-month term
What was signed
GACM Technologies Limited has entered into a Memorandum of Understanding dated September 24, 2026 with AIML Cloud Global Technologies Private Limited, a Bangalore-based company. AIML has been appointed the exclusive distributor of GACM's software product "FIRM TALK – The complete ERP for businesses everywhere" in the agreed territory for the term of the MoU.
Who does what
- AIML: sales, marketing, promotion and distribution, and bears the Distribution Costs.
- GACM: the product itself, installation, configuration, data migration, onboarding, user training, updates, bug fixing and technical support, and bears those costs.
Commercial terms
- Gross Revenue from the product is shared 50:50 between GACM and AIML.
- Each party bears its own costs out of its own revenue share.
- The MoU provides for a minimum guaranteed sale of ₹15 crore over the 24-month term.
- If there is a shortfall at the end of the term, AIML shall pay GACM 50% of the shortfall, subject to adjustments under the MoU.
Duration
The MoU is effective from September 24, 2026 and remains in force for 24 months, unless terminated earlier as per its terms.
Other details
- No ownership or Intellectual Property Rights in FIRM TALK are transferred; IP remains exclusively with GACM.
- GACM holds no shareholding in AIML.
- AIML is not related to the promoter, promoter group or group companies, and the transaction is not a related party transaction.
- No nominee on the board and no conflict of interest was reported.
How to read it
An MoU of this kind signals a distribution push for the company's ERP product rather than completed sales. The ₹15 crore figure is a minimum guaranteed sale over two years, subject to the terms, conditions and adjustments in the MoU, and any actual revenue to GACM would flow through the 50:50 sharing arrangement. Any material amendment, modification or termination is to be disclosed to the exchanges.
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More numbers
- Revenue share to GACM50%
- Revenue share to AIML50%
- Minimum guaranteed sale over term₹15 crore
- Term of MoU24 (twenty-four) months
- Shortfall payable by AIML to GACM50% of the shortfall
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