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Data centre infrastructure provider CtrlS will invest ₹500 crore in creating a 1.8 lakh sq ft facility in Bengaluru.
Sridhar Pinnapureddy, founder and CEO, told BusinessLine that the data centre infrastructure provider wants to expand capacity at a time when it sees significant pent up demand in the city, which is home to many Indian and multinational technology companies, as well as government organisations.
Sources said the company is setting up this data centre, largely to service National Securities Depository Ltd. Till date, the company, which has received private equity investment from New York has invested around ₹700 crore in setting data centres in Hyderabad and Mumbai.
As businesses increasingly go digital, it has created surge in demand for companies to look at outsourcing their IT requirements, which includes hardware and software. This is generally given to a third party, who hosts the technology for a fee.
In line with this CtrlS, which hosts IT infrastructure of companies such as Apollo Hospitals, Marriott Hotels, Chhatrapati Shivaji International Airport, believes that Bengaluru, which is referred to as the Silicon Valley of India, has a lot of pent-up demand. This has seen companies such as Netmagic, an NTT Communications company, which will invest over ₹1,200 crore to double its capacity with two new data centres in Bengaluru and Mumbai to be operational in April.
“We have grown on a average in the region of 35-40 per cent since the last few years, according to Pinnapureddy. CtrlS has two data centres in Hyderabad and one in Mumbai.
A large part of the demand is also coming from government's push to go digital with initiatives like demonetisation, GST and Aadhaar linkages. “The government's push has helped us and to put it in perspective, we have sold out our accumulated IT infrastructure capacity over the last 9 years, in a single year (last year), Pinnapureddy added.
Like CtrlS, others such as Pi DATACENTERS have signed MoUs with public sector companies such as PowerGrid, IRCTC, and corporates like Mahindra & Mahindra Finance, Deutsche Bank, amongst others.
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