<p> Data centre solutions firm Netmagic is planning to set up a new data centre in Bengaluru as the company will run out of capacity at its existing facility in the city by the first half of next year.<br /><br /></p>.<p>“The current data centre at Bengaluru is spread around 1.2 lakh sq foot and has 1,250 racks. It is 85 per cent contracted and by June-July 2016, no racks will be available. Hence we are in the initial stages of planning a new data centre in Bengaluru,” Netmagic president and chief operating officer Sunil Gupta told Deccan Herald.<br /><br />The new data centre will have around 2,500 racks and the investments would be similar to what we have invested in Mumbai, Gupta added.<br /><br />Netmagic is now a part of the NTT Communications Group which has a data centre footprint of over 150 datacenters around the globe. NTT had acquired a majority stake in Netmagic in 2012 following which it had increased the stake to around 81 per cent. Netmagic has invested around Rs 2,000 crore so far across various locations with majority of the investments coming in the last three-four years. As far as its new data centre in Mumbai is concerned, Netmagic has invested Rs 700 crore so far and will be investing more in the centre.<br /><br />“We have plans to invest around Rs 300 crore more in the Mumbai data centre out of which the investments in IT would be roughly around Rs 200-Rs300 crore while non-IT related investments would be around Rs 100 crore,” Gupta said. Gupta is also confident about the company’s growth prospects going forward and expects to reach Rs 1,000 crore revenues earlier than expected.<br /><br />“We hope to end the current fiscal with revenues of around Rs 460 crore. As far as future revenue targets are concerned, we had aimed for reaching revenues of Rs 1,000 crore by 2020 but now we are aiming to reach Rs 1,000 crore target by 2018 itself,” Gupta said.<br /><br />Buying power at some of the centres by trading which helps in reducing power costs by 15-20 per cent and some other initiatives like those will certainly help us in achieving that target, Gupta added.<br /><br /></p>
<p> Data centre solutions firm Netmagic is planning to set up a new data centre in Bengaluru as the company will run out of capacity at its existing facility in the city by the first half of next year.<br /><br /></p>.<p>“The current data centre at Bengaluru is spread around 1.2 lakh sq foot and has 1,250 racks. It is 85 per cent contracted and by June-July 2016, no racks will be available. Hence we are in the initial stages of planning a new data centre in Bengaluru,” Netmagic president and chief operating officer Sunil Gupta told Deccan Herald.<br /><br />The new data centre will have around 2,500 racks and the investments would be similar to what we have invested in Mumbai, Gupta added.<br /><br />Netmagic is now a part of the NTT Communications Group which has a data centre footprint of over 150 datacenters around the globe. NTT had acquired a majority stake in Netmagic in 2012 following which it had increased the stake to around 81 per cent. Netmagic has invested around Rs 2,000 crore so far across various locations with majority of the investments coming in the last three-four years. As far as its new data centre in Mumbai is concerned, Netmagic has invested Rs 700 crore so far and will be investing more in the centre.<br /><br />“We have plans to invest around Rs 300 crore more in the Mumbai data centre out of which the investments in IT would be roughly around Rs 200-Rs300 crore while non-IT related investments would be around Rs 100 crore,” Gupta said. Gupta is also confident about the company’s growth prospects going forward and expects to reach Rs 1,000 crore revenues earlier than expected.<br /><br />“We hope to end the current fiscal with revenues of around Rs 460 crore. As far as future revenue targets are concerned, we had aimed for reaching revenues of Rs 1,000 crore by 2020 but now we are aiming to reach Rs 1,000 crore target by 2018 itself,” Gupta said.<br /><br />Buying power at some of the centres by trading which helps in reducing power costs by 15-20 per cent and some other initiatives like those will certainly help us in achieving that target, Gupta added.<br /><br /></p>
