Nutanix to double India investment

Nutanix to double India investment

Nutanix to double India investment

Nutanix, a US-based IT company that has delivered an enterprise cloud platform, will be doubling its investment in India over the course of the next 18 months.

“We have seen $80 million of investment in India. We are planning to double it over the next 18 months. For a number, taking it to $150 million (about Rs 1,000 crore) would be a very conservative estimate,” Nutanix President Sudheesh Nair said.

The company plans to use its investment in expansion of its three offices in India — Bengaluru for IT/ITeS services, Mumbai for financial services, manufacturing services and retail services, and Delhi for government services.

The company is very optimistic about its prospects in India. “We began our India operations around six months ago. Over the period, Bengaluru has become our second largest work facility after San Jose (company headquarters), with an employee strength of around 200 people,” he said.

The company has acquired an Indian company recently, and is expecting another acquisition.  “While we won’t be able to name the companies, we can expect a press announcement in a couple of days from now. All I can say is that the acquisitions are going to bring in cutting-edge technologies,” Nair added.

The amount spent on these acquisitions is outside the allocated amount for the expansion plans of Nutanix in India. The company is also planning an IPO in the coming months.

“We have already aproached the Securities and Exchange Commission (SEC) in the US,” Nair said. The company will be listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) stock exchange.

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