Saturday, Feb 8 2025 | Time 06:14 Hrs(IST)
image
Business Economy


Essar Black Box eyes $2 billion revenue in four years

New Delhi, Sep 23 (UNI) Essar group firm Black Box on Monday said that the company has targeted $2 billion revenue within the next four years.
In order to achieve the goal, the tech firm is going to focus on top clients in banking, finance, healthcare, technology, and other sectors.
“We are refining our strategy to focus on our top 250 clients, who contribute 90% of our revenue. This shift will allow us to provide tailored solutions and drive more effective growth. Our commitment is to transform our go to market approach, infuse thought leadership, and enhance efficiency to accelerate our customers business, ” said Sanjeev Verma, Whole Time Director at Black Box.
Black Box is intensifying its operations with India at the core of this expansion. The company is investing significantly in Indian talent, planning to increase its Bangalore Center of Excellence from 300 to up to 1,000 employees.
“In India, we see immense potential to support global clients and address local infrastructure demands. We are investing in talent and forming strategic partnerships to advance data center infrastructure, crucial for AI and generative technologies,” Verma added.
Meanwhile, the company’s investment strategy includes both organic and inorganic growth, with a focus on enhancing data center capabilities and network infrastructure.
“We are exploring partnerships to co-create infrastructure solutions that will manage the surge in data and improve connectivity. Our goal is to ensure data centers deliver exceptional performance and connectivity, aligning with India’s Digital India initiative and its technological evolution," said the company's whole-time director.
UNI NK CS1528
More News

Meghalaya initiates interventions to promote collaboration and partnership with Japan

07 Feb 2025 | 7:25 PM

Shillong, Feb 7 (UNI) Meghalaya Chief Minister Conrad Sangma on Friday said that the state has initiated interventions to promote collaboration and partnership with Japan, leveraging the strong bilateral relationship that India shares with Japan.

see more..

Infosys lays off 700 recruits after months: NITES

07 Feb 2025 | 7:18 PM

Mysuru, Feb 7 (UNI) In a disturbing development, Infosys has reportedly initiated the termination of approximately 700 campus recruits who were onboarded in October 2024.

see more..

DBS Foundation collaborates with Haqdarshak to grow Financial Literacy Program with SGD 5 1 Million in funding

07 Feb 2025 | 6:32 PM

Kolkata, Feb 07 (UNI) DBS Foundation in partnership with Haqdarshak Empowerment Solutions Pvt. Ltd (HESPL) has announced a new program designed to help advance financial inclusion with a focus on rural India.

see more..

Ola Electric maintains leadership position in EV 2Ws in Q3 FY25 with 25 5 pc market share

07 Feb 2025 | 6:23 PM

Kolkata, Feb 07 (UNI) Ola Electric has maintained leadership position through Q3 FY25 with a 25.5 per cent market share (as per VAHAN data) driven by the company’s singular EV focus, strong product portfolio and technology leadership.

see more..

RBI fines Federal Bank, Karur Vysya Bank for non-compliance to directions

07 Feb 2025 | 6:19 PM

New Delhi, Feb 7 (UNI) The Reserve Bank of India (RBI) has imposed a monetary penalty on two private lenders – Federal Bank and Karur Vysya Bank Limited for non-compliance with certain directions on “Interest Rate on Deposits” in case of Federal Bank and “Loan System for Delivery of Bank Credit” in case of second Bank.

see more..
image