Black Box, Essar's technology arm, has outlined an ambitious growth strategy focused on India, aiming to become a key partner for global tech companies entering the region. The company reported strong financial results for Q2 FY25.
Black Box, during its recent investor call, unveiled its plans to capitalise on the growing demand for digital infrastructure in India, driven by the country’s expanding digital economy and the rise of artificial intelligence (AI). The company aims to position itself as a strategic partner for global technology firms looking to enter the Indian market, where it sees immense growth potential.
For Q2 FY25, the company reported a good financial performance, posting an EBITDA of Rs 135 crore, reflecting a 34 per cent year-on-year increase. Its Profit After Tax (PAT) surged 60 per cent year-on-year, reaching Rs 51 crore. The company also saw improvements in profitability margins, with EBITDA margins increasing by 260 basis points to 9.0 per cent, and PAT margins rising by 140 basis points to 3.4 per cent.
Deepak Kumar Bansal, Executive Director and Global CFO of Black Box, attributed these results to strong operational efficiencies, cost optimisation and high-value solutions, and expressed confidence that the company’s performance will continue to accelerate as it expands in high-growth markets like India.
India's growing population and advancing digital infrastructure present great opportunities for Black Box, which seeks to leverage its expertise in large-scale tech projects to support global tech firms and data centre providers entering the market.
Sanjeev Verma, Whole Time Director of Black Box, stated the company’s tailored approach to India’s unique needs, aiming to replicate its success in North America while addressing the local market's demands. Black Box’s India strategy is centered around vertical-specific, high-impact solutions in AI, cloud and digital infrastructure.
Black Box has set an ambitious revenue target of USD 2 billion over the next four years, focusing on its top 300 customers with high technology spend and growth potential. The company plans to invest significantly in talent and an enhanced go-to-market strategy to accelerate its growth in India. By combining its deep understanding of global clients' needs with local expertise, Black Box aims to drive substantial growth in the Indian market and strengthen its position as a strategic partner for global tech firms.
Black Box, Essar's technology arm, specialises in providing technology solutions and services, including large-scale digital infrastructure projects, cloud solutions, artificial intelligence (AI) applications and IT systems integration.
