Watch Mr Sanjeev Verma, CEO – Black Box Limited, as he shares his views on the company’s recent fundraiser and growth plans in an exclusive interview with ET Now ( Click here for the media release )
Excerpts:
Before we go to market, let’s get in the management of blackbox, Sanjeev Verma Chief Executive Officer of Black Box is now surely joining us regarding a big fundraiser which they have done. Verma thank you so much for a time you have raised 410 crores right now, where will the proceeds be applied in terms of utilization and who are participating? Are the promoters also participating?
Sanjeev Verma: Yeah, I think the primary reason for the fundraiser scope is to drive growth over the last couple of years, we have focused on largely margin improvement and it is the right time for us to pivot to growth and largely drive our ambition for growth over the next several years. And to a second question, the answer is yes. The promoters have confidence, I think in the business, and they have participated significantly as you’ve seen in the press release. The fundraiser has been 410 crores and the promoters have participated to their share of 200 crores in this fundraiser. The answer is yes.
Whatever the benefits of this fundraiser be visible or expected to start.
Sanjeev Verma: We expect I think, to start deploying the capital largely for expansion of our sales and go to market team, both in India which is a very, very large economy and also North America. We expect that growth will start from third and fourth quarter, going forward.
What are your expectations from revenue and profitability front two to three years forward. What is a good group plan for the company?
Sanjeev Verma: As mentioned before and speaking to me now as well, I think we are looking for much bigger growth. Our ambition, of course, over the next three to four years time is to give to them to $2 billion and that’s what we achieving expect 26 and beyond to significantly accelerate its growth system perspective. After our investments in talent and skills across markets is viewed as complete. In the next few years time foreign policies will be hyperglycemia for Black Box.
What are your company’s plans for expanding digital infrastructure inn India and which new markets and the city that you’re targeting.
Sanjeev Verma: As you’ll be aware, I think India is a very very large growth economy both from a GDP standpoint but also very, very large digital going economy with the investments coming to work from a financial inclusion from a internet from a perspective of startup and innovation, focus on sustainability. I believe India’s place this is essentially for India, to that extent Black Box being focused on digital infrastructure in driving the economy to play a very pivotal role in driving the Prime Ministers vision for digital India, in several year’s time. So we will be focused on driving our data centers work in India we are serving some of the largest hyperscalers which include Microsoft, the Googles of the world and Amazons of the world. We’re serving three or four of them overseas. Our experience in the build out for digital infrastructure in a very large environment. North America has been very, very good. We want to bring that expertise to the investments in India to drive the data center growth, cloud computing growth. Many cities as you see, India announced 3000 megawatts to build out going to 10,000 in the next several years time. And Black Box is a massive opportunity to play a big part in the data centers build out the resistance of business driving the digital economy for India. So very, very good plans for India in our next two to four with growth plans to be involved.
Right. Thanks very much for joining us and sharing the fundraiser that wrap on the show.
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