Net4India's FY 11 consolidated net up by 84 pc at Rs 21.13 cr -Governance Now

Net4India's FY 11 consolidated net up by 84 pc at Rs 21.13 cr

Sales rises to Rs 304-crore, up 56 per cent from 195-crore in FY 10.

PTI | May 24, 2011

Leading network and application services provider Net4India's consolidated net profit rose 84 per cent at Rs 21.13-crore for FY 11 as against Rs 11.50-crore in the previous fiscal. The overall sales for the year stood at Rs 304-crore, up 56 per cent from 195-crore in FY 10.

"The growth this year came in from across all our service offerings with a robust demand coming from the clients for data centres and cloud server space," Net4India's Chairman and Managing Director, Jasjit Sawhney, told reporters here. The company's performance in the last quarter of the fiscal was also impressive as revenue grew 53 per cent to Rs 92-crore from Rs 60-crore while PAT grew 79 per cent to Rs 5.9-crore from Rs 3.3-crore. "The market for our services is growing given the fact that Indian businesses are still highly under-represented," he said adding that in going forward the focus would be on acquiring more clients and ensuring market growth.

The Noida-based company, which provides solutions in Web Presence, Data Centre, Enterprise Internet Access, Network and System Integration and VoiP to small and mid-sized businesses, has over 3,00,000 customers at present. Corporate e-mail and messaging services contributed the maximum to the bottom line, Sawhney said adding that the company will invest close to Rs 70-crore over the next three years. It is planning to set up a new data centre in Chennai at an investment of Rs 50-crore and will add 15,000 sq ft of space to its already existing 17,000 square feet across 7 cities.

"The Chennai one will initially be 15,000 square feet. But it will be scalable up to 60,000 square feet," he added. The Net4India is also planning to offer enterprise data connectivity solutions including IP/MPLS VPN and IPLC solutions by leveraging its existing core IP Network infrastructure. "The opportunity in India is 100?200 per cent without Internet user growth," Sawhney said, adding that major initiatives on language-based content will drive Internet users and in turn for web services.

A crash in smart phone prices and widespread availability of connectivity(Edge, 3G, WiMax, LTE) will also drive Internet users and usage, he added.

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