Data centre operator, Netmagic Solutions has targeted revenues to the tune of Rs 4.45 billion by March 2016. The company plans to achieve this target by leveraging the demand for its managed services, remote IT management, cloud, and data centre businesses. At present, it plans to achieve Rs 3.5 billion of revenues by March 2015.
The company expects that the e-commerce sector, followed by banking and financial services will continue to drive its business. At present, eCommerce accounts for about 27-28 per cent of the company’s revenues, followed by IT/ITeS with 23-24 per cent and Banking, Financial services and Insurance (BFSI) with 20 per cent.
Netmagic Solutions operates eight data centres in the country across Mumbai, Chennai, Delhi and Bangalore. It offers its solutions to companies like Flipkart, Ratnakar Bank, Hungama, Yatra, Eureka Forbes and Mahindra Holidays and employs around 1,000 people in India.
