 "Black Box CEO Sanjeev Verma outlines ambitious plans for 2027-28, targeting billion revenue by expanding India’s operational significance.")
Sanjeev Verma, CEO of Black Box, a part of the Essar Group, has announced plans for significant growth in India, aiming for the country to represent 7-8% of the company’s business as it seeks to reach $2 billion in revenue by 2027-28. Currently, India accounts for just 6% of revenue, which is around $750 million for FY2024. Black Box specializes in IT infrastructure for critical technology applications and is expanding its workforce in India from 600 to 1,000 employees. The company is also shifting its focus to its top 250 clients, which generate 90% of its revenue, while investing in capabilities that will enhance service for global customers.
Black Box, the IT arm of Essar Group, is setting ambitious goals for its growth in India. According to CEO Sanjeev Verma, the company aims to increase its Indian business share from 6% to 7-8%, contributing to its target of reaching $2 billion in revenue by 2027-28. Currently, Black Box generates around $750 million in revenue as of FY2024.
The company focuses on building IT infrastructure for critical technology applications, including hyperscale data centers. Verma pointed out that several of their global clients are now looking to invest in India, and Black Box plans to leverage the expertise gained from these clients overseas to bring value to the local Market.
To support this growth, Black Box intends to expand its workforce in India from 600 to approximately 1,000 employees. With a network of 75 delivery centers worldwide, including 14 in India, the company is strategically positioning itself for successful operations both locally and globally.
Verma noted that they are shifting their Market strategy to focus on their top 250 clients, which account for 90% of their revenue. By concentrating on these larger accounts, Black Box aims to streamline its operations and enhance profitability. This long-term view is essential for achieving their fiscal goal of $2 billion in four years.
As Black Box continues to evolve and adapt to Market dynamics, its commitment to investing in India underscores the country’s significance as a growing hub for technology and infrastructure development.
Tags: Black Box, Essar Group, Sanjeev Verma, IT infrastructure, revenue growth, India business, hyperscale data centers, workforce expansion, technology sector, global clients.
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What is Black Box planning to do in India?
Black Box expects to increase its business share in India and wants to hire 400 new employees over the next two years. -
Why is Black Box expanding in India?
Black Box sees a lot of growth potential in the Indian Market and wants to strengthen its presence there. -
What types of jobs will be available?
The new jobs will likely include positions in technology, customer support, and project management. -
When will the hiring start?
The hiring process is expected to begin soon and will continue over the next two years. - How can interested candidates apply for these jobs?
Interested candidates can check the Black Box website or job portals for openings and apply online.
