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CtrlS, a home-grown data centre firm, will raise Rs 80 crore in two more rounds of private equity (PE) funding in the next four months.
While the first investment of Rs 25 crore is likely to come from the existing investor, Och-Ziff Capital, in the first week of August, the second round is expected within four months.
“The other round funding could happen from new PE players. We are in talks for this round. We are looking at raising about Rs 55 crore ($10 million),” Mr P. Sridhar Reddy, Chairman and Managing Director of CtrlS, told Business Line .
After its first centre in Hyderabad, the company opened its second facility in Mumbai. It is planning to develop the facility with Rs 450 crore. “We have already invested half of it. We will be completing the plan in two years,” Mr Reddy said.
In the next one year, the company, which grossed Rs 45 crore last year, is planning to expand and set up a centre at New Delhi. Och-Ziff Capital, listed on the New York Stock Exchange, had invested Rs 100 crore in the Tier-4 data centre. Tier-4 is the highest certification given to data centres with advanced power and cooling infrastructure.
New products
Data centres are places where companies preserve all the data. Their importance has grown sharply as they offer scalable computing facilities at far lower costs than those incurred on dedicated servers and data centres.
“We have a capacity of 6,200 racks with over one lakh IT servers. We are planning to add 5,000 more racks at our Delhi facility,” he said. The company will focus on new products. “For one, we will come out with a zero data loss solution for our customers. When a company loses data, the chances of getting back all of the lost information is bleak. It loses at least a fraction of data. This could be crucial for clients such as banks,” he said.
But most firms do not have a plan to tackle this situation. “It is less than 0.1 per cent of companies that think about such situations,” he said.
>kurmanath.kanchi@thehindu.co.in
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