Netmagic Solutions, a well-known managed hosting and cloud service provider, is in the process of setting up two more data centres. The new ones will come up in Bengaluru and Mumbai.
The Bengaluru centre will come up on a 2,50,000 square feet space and the one in Mumbai on a 3,00,000 square feet area. Both centres will go functional this calender year.
Netmagic, an NTT Communications company, currently has nine data centres — five in Mumbai and two in Bengaluru and one each in Chennai and Noida.
The combined data centre capacity across all these nine facilities is about 6,00,000 square feet. With the addition of two new centres, the data centre capacity will almost double.
Sunil Gupta, executive director and president of Netmagic, said, “We have been continuing to invest in hyper-scale data centre space and will soon embark upon our next level of growth by buying land to set up new campuses in Mumbai, Chennai and Bengaluru.”
In a written response, Mr. Gupta said that Netmagic had further increased the impetus on research and development and opened a third centre in Bengaluru.
Multi-cloud platforms
It already has R&D centres at Pune and Mumbai. The idea, he said, was to build next-generation multi-cloud platforms. Asserting that the investment from NTT Communication had helped Netmagic Solutions expand its vision in terms of reach and profits, he said that the Japanese parent was largely a factor in the Mumbai-based company expanding its MNC business. We have been growing at a CAGR (compounded annual growth rate) of 35% for the last 4-5 years,” he said. He was confident that the company would be able to grow at CAGR of 25%-30% over the next five years.
The company was planning to add 150 professionals to its existing team of 1,270 people to support the emerging demand in the mobility, e-commerce, Internet of Things, cloud and big data areas, he said. According to Mr. Gupta, 44% of the company’s revenue came from cloud business and 42% from co-location service business. Remote infrastructure management services contributed to the rest of the revenue, he said.
“We see increased importance of big data and related data management technologies. There may be an increased demand for and growth of both cloud and edge computing due to the proliferation of services running on artificial intelligence,” he said.
