Black Box Doubles India Revenue amid Rapid Growth in Digital Infrastructure

Black Box Ltd, a digital infrastructure firm listed on the Bombay Stock Exchange, is looking to double its revenue in India in the next three to four years, spurred by the modernization drive of the country and rising demand for advanced digital infrastructure, a senior executive said.

"This represents a massive redesign of digital infrastructure in India," said Sanjeev Verma, Whole-time Director at Black Box. "We anticipate a very dynamic next four to five years as demand for new and innovative digital solutions will keep building."

Even though India has a population four times that of the United States, its data center capacity remains at only 800–900 megawatts, which is just a fraction of what is available in the U.S., he added.

Being a part of the Essar Group, Black Box considers this demand-supply gap as a structural growth opportunity, particularly with India speeding up its AI and digital transformation adoption. The firm has invested more than 25 percent of the Rs 400 crore raised in a recent funding round in domestic expansion, with a focus on strategic infrastructure sectors like transportation, logistics, and government, with a strong focus on digitizing the public sector.

In addition, Black Box is doubling its Centre of Excellence in Bangalore, with an aim to double staff in the facility to 1,000 in the next year. When completed, the building will house about a third of the firm's 3,000 global employees.

The company has also recently landed a five-year cyber security services deal with one of India's largest municipal corporations, which will include 20,000 employees, underlining growing demand for secure IT infrastructure within the public sector.

Verma highlighted the increasing influence of artificial intelligence on the demand for digital infrastructure. "The surge in AI adoption requires state-of-the-art, high-performance infrastructure, from data centers to secure networking solutions," he said. "This offers strong growth opportunities for Black Box and enhances our long-term market positioning."