In its recent investor call, Black Box reported strong Q2 FY25 results and shared plans to develop large-scale digital infrastructure to support global tech companies expanding into India. Sanjeev Verma, the company’s whole time director, highlighted their readiness to partner with both local and international firms due to their expertise in tech infrastructure.
Black Box Ltd, the technology arm of Essar, has announced an ambitious growth strategy focused on India, aiming to position itself as a strategic partner for global technology companies expanding into the region. During its recent investor call, Black Box reported strong Q2 FY25 financial results and discussed long-term plans to leverage its expertise in supporting large-scale digital infrastructure projects as global tech firms enter the Indian market.
For Q2 FY25, Black Box posted notable financial growth with earnings before interest, taxes, depreciation, and amortisation (EBITDA) of Rs 135 crore, a 34 per cent year-on-year increase, and a 60 per cent year-on-year rise in Profit After Tax (PAT) Rs 51 crore. These gains reflect robust operational efficiencies, cost optimisation, and high-value solutions. The EBITDA margin improved by 260 basis points year-on-year to 9.0 per cent, and PAT margins rose by 140 basis points year-on-year to 3.4 per cent, underlining Black Box’s focus on sustainable profitability. Deepak Kumar Bansal, executive director and global chief financial officer of Black Box Ltd, emphasized the company’s commitment to delivering market-driven solutions and driving operational excellence.
India, with its 1.4 billion people and expanding digital economy further fueled by the adoption of artificial intelligence (AI), represents an enormous opportunity for Black Box. The company is optimistic about capturing substantial growth, particularly as global tech giants and data centre colocation providers seek to enter the market. Sanjeev Verma, full-time director of Black Box Ltd, expressed confidence in India’s immense growth potential, noting that it is rapidly becoming a global hub for digital transformation. He highlighted the company’s strategy to build on its success in North America and tailor its approach to India’s unique needs.
Black Box’s India-focused strategy emphasizes vertical-specific, high-impact solutions in AI, cloud, and digital infrastructure. The company is working toward a $2 billion revenue target over the next four years, prioritizing its top 300 customers with high technology spend and growth potential. Looking forward, Black Box plans to invest significantly in talent and develop an enhanced go-to-market strategy to accelerate its growth in India. The company’s deep understanding of global clients’ needs, coupled with its local expertise, is expected to drive substantial growth in the Indian market over the next few years.
