CtrlS Plans to Invest Rs 620 Crore in Two New Data Centres

CtrlS Datacenters plans to invest Rs 626 crore to build two new data centres in Bengaluru and Chennai even as multinationals such as Microsoft, Amazon and IBM are investing on data centres in India.

Courtesy : The Economic Times

"We would be spending this money in three phases over five years," said Sridhar Pinnapureddy , CEO and founder of the Hyderabad based datacentre provider. "In the first phase, we'll spend $30 million (approximately Rs 185 crore)." He said this investment will be over and above what the company expects to spend on building its cloud services.

CtrlS is building a 1-lakh sq ft datacentre in Bengaluru and a 20,000-sq ft datacentre in Chennai.It already has three large datacentres a 2-lakh sq ft centre in Mumbai, a 40,000 sq ft centre in Hyderabad and a 1-lakh sq ft data centre in Delhi.

In 2013-14, the company grew about 60 per cent to Rs 125 crore. "We are seeing a number of large enterprises decided to outsource their entire IT to our datacentres," Pinnapureddy said. The company hosts IT infrastructure of over 300 large enterprises including American Bank, Axis Bank BSE -0.78 %, United Overseas Bank of Singapore, National Stock Exchange and Bombay Stock Exchange.

With a stable government and improved political situation, analysts expect IT spending by enterprises to increase.

In the last one year, building datacentres in India has become one of the priorities for global IT com panies such as Microsoft, IBM and Amazon.

While IBM has already started its first datacentre in Mumbai, Microsoft has announced a Rs 1,400 crore investment in setting up three data centres in the country.

With the entry of these global players, small local vendors would be under pressure and that's one reason why CtrlS is ramping up its capacity. "We will continue to have the highest datacentre capacity for at , least the next couple of years when the global companies enter India. By the time they are here, we would have ramped up our ca pacity much higher," Pinnapured dy said.


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