Netmagic is a leading data center service in India, is gearing up its offering in the Indian market, aims to grow 35% - 40% y-o-y by FY16. Netmagic has over 350 customers in the cloud space.

1. Netmagic aims to grow 35% - 40% y-o-y and expects to close revenue at Rs 445 crore for FY16
Information technology infrastructure
and data centre services provider
Netmagic, a NTT
Communications firm, is gearing up
its offering in the Indian market, as
global biggies like
Microsoft, IBM and Amazon set up
their data centres in the country. With the company's largest data centre (DC) going live by
this month-end in Mumbai,Netmagic will have a total DC space of 600,000 sq ft spread
across nine DCs.
“No other firm in India has the depth of experience that we have in India. All three
technology majors have announced their plans to launch DC by this year-end. So
competition is no longer with domestic players anymore,” said Sharad Sanghi, MD & CEO,
Netmagic.
According to a Gartner, India will be the second largest market for DC infrastructure and the
second fastest growing market in Asia-Pacific in 2015. Sanghi said the company has been
growing at over 30 per cent and “we are confident that we will grow 35-40 per cent on a
year-on-year basis,” he added. The company is expected to close revenue at Rs 445 crore
for FY16.
NTT ON BOARD
 By this month-end, Netmagic will have a total
data centre space of 600,000 sq ft spread
across nine data centres in Mumbai
 The firm has got access to funds for its capital
intensive business
 It is among the few players in the Indian DC
space that started offering cloud services as
early as 2009

2.  By acquiring Netmagic, NTT has started to
leverage India's low-cost location for software
development
Sanghi also added with NTT Communications coming on board, the company is now in a
better shape not only to target the global markets but fight with the global giants. “NTT
globally has been transforming its strategy by acquiring firms. With these acquisitions NTT
Com is emerging as a player providing end-to-end services. These could be managed
services, infrastructure services and cloud business,” he added.
By acquiring Netmagic, NTT has started to leverage India's low-cost location for software
development. At present a team of 150 people in India manage NTTs global DCs.
“Similarly, global customers looking for a presence in India are using Netmagic DCs. In
addition to the 150 team, we have a 50 member team that has been developing the global
cloud platform. We will be soon merging our cloud platform to be part of the global platform
and the work will be done from our Pune centre,” added Sanghi.
Other than presence in the international market, with NTT Communication, Netmagic has
got access to funds for its capital intensive business. NTT Communications in 2014 raised
its stake in the company from 73 per cent to 81 per cent and infused funds of Rs 575
crore, which has been used for building the company's ninth and largest DC.
More importantly, revenue from NTT Communications is now 10 per cent of the total
revenue for the company.
Sanghi is also confident that going ahead they will be in a better position to enter the remote
infrastructure management (RIM) services. “With NTT's presence almost in every
geographical region, we will tap the RIM segment in international markets. In this space, we
will be competing with Indian IT players as well,” said Sanghi.
Netmagic is also among the few players in the Indian DC space that started offering cloud
services as early as 2009. Today it has over 350 customers in the cloud space. Overall the
company as a customer base of 1,500 across its offerings.