<p>Mumbai-based Netmagic Solutions (an NTT Communications Company) is planning to set up a data centre at Chandivalli in Mumbai at an investment of Rs 700 crore, and the facility shall go live for operations in July 2015, a top company official said. <br /><br /></p>.<p>Talking to Deccan Herald, Netmagic Solutions Executive Director and President Sunil Gupta said, “A data centre is a specialised building which is militarily secure, and equipped with high power and cooling density to host large ecommerce entities like Flipkart, and Snapdeal, besides applications like ERP and mail servers of enterprises, banks, etc. A major part of the Rs 700-crore investment has come from parent company NTT Communications.” <br /><br />The company plans to hire an additional 400 employees in FY 2015-16 to manage the growth of its data centre and cloud /IT services businesses. <br /><br />“Besides this initial investment, an additional investment in excess of Rs 1,000 crore would be spent over the next five years to set up a large cloud grid at this data centre, besides other IT infrastructure for customers,” Gupta said.<br />The company is growing at a pace of 35 per cent CAGR (compounded annual growth rate) for the last four years and within this, cloud business is witnessing a growth in excess of 100 per cent, he said.<br /><br />NTT Communications is part of NTT Corp (Nippon Telegraph and Telephone), a Tokyo-based $100-billion group, which is one of the world’s largest telecom operator by revenue and also the largest data centre operator by square footage with over 170 data centres around the world. Other companies of the group which operate out of India are Dimension Data, NTT DoCoMo, and NTT Data. Together, they employ more than 15,000 employees in India, mainly operating from their campuses in Bangalore, Hyderabad, and Chennai. Netmagic Solutions currently operates eight large data centres in India across Mumbai, Bangalore, Delhi, and Chennai, and offers managed hosting services and cloud computing services. It employs about 1,100 people in India and services about 1,500 customers, including names like Flipkart, Myntra, Jabong, Makemytrip, RBL, HDFC, IIFL, etc.<br /><br />It was recently reported that the Finance Ministry had approved Netmagic Solution’s proposal to increase NTT Communication’s stake in it to 81.6345 per cent for Rs 575 crore.</p>
<p>Mumbai-based Netmagic Solutions (an NTT Communications Company) is planning to set up a data centre at Chandivalli in Mumbai at an investment of Rs 700 crore, and the facility shall go live for operations in July 2015, a top company official said. <br /><br /></p>.<p>Talking to Deccan Herald, Netmagic Solutions Executive Director and President Sunil Gupta said, “A data centre is a specialised building which is militarily secure, and equipped with high power and cooling density to host large ecommerce entities like Flipkart, and Snapdeal, besides applications like ERP and mail servers of enterprises, banks, etc. A major part of the Rs 700-crore investment has come from parent company NTT Communications.” <br /><br />The company plans to hire an additional 400 employees in FY 2015-16 to manage the growth of its data centre and cloud /IT services businesses. <br /><br />“Besides this initial investment, an additional investment in excess of Rs 1,000 crore would be spent over the next five years to set up a large cloud grid at this data centre, besides other IT infrastructure for customers,” Gupta said.<br />The company is growing at a pace of 35 per cent CAGR (compounded annual growth rate) for the last four years and within this, cloud business is witnessing a growth in excess of 100 per cent, he said.<br /><br />NTT Communications is part of NTT Corp (Nippon Telegraph and Telephone), a Tokyo-based $100-billion group, which is one of the world’s largest telecom operator by revenue and also the largest data centre operator by square footage with over 170 data centres around the world. Other companies of the group which operate out of India are Dimension Data, NTT DoCoMo, and NTT Data. Together, they employ more than 15,000 employees in India, mainly operating from their campuses in Bangalore, Hyderabad, and Chennai. Netmagic Solutions currently operates eight large data centres in India across Mumbai, Bangalore, Delhi, and Chennai, and offers managed hosting services and cloud computing services. It employs about 1,100 people in India and services about 1,500 customers, including names like Flipkart, Myntra, Jabong, Makemytrip, RBL, HDFC, IIFL, etc.<br /><br />It was recently reported that the Finance Ministry had approved Netmagic Solution’s proposal to increase NTT Communication’s stake in it to 81.6345 per cent for Rs 575 crore.</p>