New Delhi, Jun 3: Home grown datacentre firm CtrlS plans to invest Rs 1,500 crore to expand its footprint to accommodate massive data, generated by new technologies and privacy laws that require companies to store data locally.
“We are going to set-up a hyper scale datacentre in Hyderabad with 100 megabyte capacity equivalent to about 1 million square feet in tier 4 category. The work on this will start in next 3-6 months time and it will take 18 months to complete it. We will invest around Rs 1,200 crore in this facility,” CtrlS founder and CEO Sridhar Pinnapureddy told .
The company, which claims to be leader in Asia in tier-4 datacentre category, hosts data of large business houses, including State Bank of India, Tata Group, Mahindra Group of companies, Adani Group, Birla Group of companies and Fedex, among others.
CtrlS is also planning to start two new data centres facility separately at Hyderabad and Mumbai.
“We are setting up two new projects. A 130 thousand square feet centre in Mumbai, which will be second facility in the metro city and a 70-80 thousand square feet facility in Hyderabad. These centres will be operational by December. The combined investment in these facilities is around Rs 300 crore,” Pinnapureddy said.
He said that the company only operates in tier-4 data centres that have to assure 99.995 per cent uptime and the expansion will be funded mostly by internal accruals and partly with debt funding.
“At CtrS we have EBIDTA of around Rs 220 crore. This year we expect our gross revenue to be around Rs 500 crore. We also have our cloud business firm Cloud4C, which operates in 20 countries. The combined revenue with Cloud4C will be around Rs 800 crore by end of this fiscal,” Pinnapureddy said.