The Black Box anticipates its India business to increase, to add 400 new employees within next two years.
Black Box, the IT arm of Essar Group said that it expects India business to contribute an additional 1-2 percentage points in its journey to transform into a $2 billion revenue company by 2027-28 added a senior official.
The company primarily focuses on delivering IT solutions for crucial technology applications like hyperscaler data centres and is keen on expanding its services to the Indian market since several of its global clients are planning to invest in the country, Black Box CEO Sanjeev Verma said to PTI.
He said that the company wants to double the number of employees at all levels in India from the current average of 600 to nearly 1000 people. India is 6% of our business today, and frankly we do not see that growing by much more, however if we are going to hit $2bn, then it is going to become quite important for us to get that number to 7- 8%.”
The projections of the company’s revenue stand at approximately $750 in the FY2024.The firm’s boss in India, Verma, said that his company Black Box want to bring some value to ndia based on the experience it has gathered with some of the clients internationally, ‘which are very large, very composite’.
“Interestingly, most of them (Global clients) are also sourcing from India.”
As like, we are trying to utilize the exposure that we got while working on their projects outside the country in Europe and US,” he said. Black Box has an ambition to be the $2bn company by fiscal year 2027-28.
India to be the largest local market and that it is very strategic from the global expertise and delivery point of view according to Verma. He mentioned that at the company is in the process of developing capability Centre in India to support clients across the world.
We need to focus on our top 250 clients, and some of them are very, very large logos for us with a massive opportunity We are transitioning from geography-based go-to-market in America to vertical go-to-market,” Verma said. Black Box serves five industries- banking and finance, healthcare, technology and industrial.
“We want to exit non-accretive long tail customers. Verma said that the company wants to concentrate on its best clients first: the initial plan is to target the 250 biggest customer which actually generated 90 percent of the revenues, despite the fact that it is somewhat longer-term game because such accounts take some time to come online. “We continue to look at getting $2 billion with four years with the fiscal year beginning in fiscal year 2028 and that is why we are focusing on this plan
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