Discovery

Black Box Limited is positioning itself as a leader in the digital infrastructure space by offering robust services in network integration, digital connectivity, and data center build-out. The company is a key player in the connectivity and networking segments of large-scale hyperscale data centers, with a significant focus on servicing hyperscalers such as Amazon, Meta, Microsoft, and Alphabet.

E2E Networks has solidified its position as a leading AI-focused hyperscale cloud platform by expanding its AI/ML/GenAI compute clusters, deploying 700 H100 GPUs and 256 H200 GPUs. These developments indicate a strategic intent to lead in AI-driven cloud services, cemented by its partnership with L&T to further innovate in cloud and AI infrastructure.

Lakshya Powertech Limited is actively expanding its data center infrastructure, reflecting clear strategic intent. It has designed and managed operations for significant data centers in Mumbai and Pune, including backups and fuel systems. The company's expertise in Tier-III & IV data center electrical systems, combined with a strong order book, positions it as a significant player in this sector.

Paramatrix offers extensive cloud services, including end-to-end cloud adoption and migration support, which highlights its strategic investment in cloud infrastructure and significant market presence in enabling digital transformation through cloud solutions.

Anant Raj Limited has taken significant strides into the data center business with the operationalization of a 6 MW IT load data center at Manesar. The company plans to expand this capacity significantly, aiming for a total of 307 MW IT load within the next 5 to 6 years while offering cloud services, indicating a robust and strategic focus on this thematic area.

SecureKloud Technologies is a global leader in enterprise cloud transformation, with significant experience in cloud consulting for highly regulated industries. The company's varied cloud services, certifications, and proprietary platforms, such as 8K Miles CloudEz, establish it as a key player in the cloud space, providing solutions that help clients meet stringent regulatory requirements while cutting costs and boosting efficiency.

Bharti Airtel has launched a Telco-Grade Cloud and is increasing investments in data centers to capture growth in enterprise services. The data center business is being ramped up significantly, indicating an aggressive strategy to become a leader in the fast-growing cloud and data center segment in India.

Olatech Solutions has invested in Data Centre Infrastructure Management (DCIM) and offers complete cloud and data center services. Their products and services cater to diverse sectors including telecommunications and ISPs, demonstrating significant involvement in the cloud and data center domain.

Techno Electric & Engineering Limited is advancing its data center business with investments in developing Edge Data Centers across multiple cities in India. Their key projects include the Chennai Data Center nearing completion, and another underway in Mumbai, with a focus on AI readiness and higher rack densities. This expansion signifies their strategic intent to capture the growing demand in the data center industry, propelled by digital transformation trends like AI, cloud computing, and 5G.

3i Infotech has prioritized 'Cloud First' solutions, including cloud consulting, lifecycle management services, and VDI as a Service. Their focus on cloud observability and optimization aligns with their strategic intent to lead in the cloud infrastructure space, contributing to significant business transformation for their clients.

Vertoz has built a robust technology infrastructure utilizing hybrid cloud solutions, combining Amazon Web Services and its own co-located servers. This infrastructure facilitates their programmatic advertising operations, enabling sophisticated data processing and real-time analytics. Moreover, their global presence with data centers in major regions like North Virginia, New York, and Singapore signifies their strategic reliance on cloud technology.

Lodha Developers Limited is strategically advancing into the data center sector with approximately 400 acres earmarked for data center development in Palava. They secured two major clients, Amazon Web Services and STT, and have received substantial government incentives to establish these data centers, promising significant growth in infrastructure and revenue potential.

Aeroflex Industries Limited has significantly advanced into the cloud and data center space by securing strategic orders for high-performance liquid cooling systems. The repeat orders for these advanced flow control components underscore Aeroflex's growing role in enhancing data center infrastructure, marking a clear strategic intent to penetrate this rapidly expanding market.

Dev Information Technology Limited has showcased its strategic focus on cloud services as evident from multiple large project acquisitions, including cloud migration and management solutions. Their emphasis on developing data center infrastructure is a part of their strategic focus on digital transformation and IT services, indicating clear involvement in this sector.

Virtual Galaxy Infotech Limited operates its own data center and provides cloud-native enterprise solutions. Their strategic emphasis on cloud-ready architectures and API integrations showcases clear intent to leverage cloud infrastructure significantly within banking and enterprise solutions.

Takyon Networks Limited has significantly invested in and provides comprehensive cloud and data center solutions as part of its core offerings, aligning well with modern enterprises' needs for digital transformation. The company manages complex IT systems through an asset-light, solutions-driven model, delivering end-to-end services targeted at empowering digital enterprises. The depth and breadth of their cloud services positioning indicate a robust strategic focus in this area.

Sterlite Technologies Limited has strategically invested in expanding its data center product portfolio to capitalize on the growing demand for AI-driven, GPU-intensive data centers. The company has innovated with solutions like the Celesta High-Density IBR technology and Multiverse Multicore Fiber, which enhance bandwidth and installation speeds, reinforcing STL's position in cloud and data center solutions.

Orient Technologies has a significant presence in the cloud services market, with the revenue share from cloud and data management services steadily increasing from 16.03% in FY2021 to 24.07% in FY25. The strategic focus on cloud modernization and managed operations shows a clear, large-scale engagement in the cloud sector.

IRIS Business Services Limited has built its platforms—IRIS iFile, IRIS iDeal, and others—on a cloud-ready infrastructure, scaling for millions of filings worldwide. By integrating cloud-native and scalable platforms, IRIS demonstrates significant involvement in cloud and data center technologies, supporting the transformative needs of regulatory and financial sectors.

Aeroflex Enterprises Limited has positioned itself in the liquid cooling solutions segment, highlighting its strategic foray into next-generation data centers and AI infrastructure. This venture is complemented by signing a long-term contract with a listed US corporation, marking a strong presence in the global data center ecosystem and reinforcing the company's role in supporting advanced technologies.

Delaplex Limited has made significant strides in the cloud services sector through strategic partnerships and acquisitions. The company's acquisition of Blueberry Systems and collaboration with BSNL to establish micro data centers demonstrates a strong push towards becoming a key player in the cloud and data center markets. This focus on cloud infrastructure is evident in their increased revenue contributions and aligning with high-growth market trends.

Netweb Technologies is a significant player in cloud-based solutions, boasting over 60 private cloud and HCI installations. The company's role in deploying hyper-converged infrastructure and leading cloud-native initiatives under the Tyrone Skylus brand highlights its strategic push in cloud and data center solutions.

Veefin Solutions Limited has demonstrated a significant strategic intent in offering digital banking solutions, with a core focus on integrating cloud architecture in their supply chain finance products. The integration of their unified working capital and transaction banking stack across multiple APIs shows their commitment to cloud infrastructure as a key enabler for banking and finance clients.

Cemindia Projects Limited is strategically involved in the data center construction space. They have secured major contracts for data centers, including significant projects in Maharashtra, emphasizing their growing expertise and robust presence in this sector. With an increasing demand for large-scale, energy-efficient data centers driven by AI and digital growth, Cemindia is expanding its capabilities significantly in the data center vertical.

iValue Infosolutions Limited has established itself as a major player in the technology solutions ecosystem, specifically in data center infrastructure, which contributed to 12% of gross sales in 9M FY26. The increasing demand for AI workloads further positions the company to capitalize on data center expansion in India, estimated to scale to 8,000 MW by 2030.

Aurionpro's recent strategic data center project with IDBI Bank showcases its robust capabilities in providing comprehensive data center solutions. They are expanding their infrastructure offerings to large-scale clients, indicating a strategic intent to strengthen its presence as a key player in data center solutions in India.

KRN Heat Exchanger and Refrigeration Limited has converted data‑center cooling into a strategic revenue vertical, reporting approximately 15% of current quarterly revenue from data‑center customers and citing multiple large orders and L1 positions; management explicitly targets capturing a material share of India’s data‑center heat‑exchanger market over the next 2–4 years.

OnMobile Global Limited shows material strategic investment in cloud gaming and edge infrastructure, operating ~2,500 servers inside mobile operators’ networks and building a Common Global Gaming Engine to serve all gaming products; OnMobile is positioning itself as a telecom-hosted cloud gaming provider, which is central to its product roadmap and recurring revenue ambitions.

BSE Limited operates a significant colocation and data‑center business that is strategically core to its low‑latency trading proposition; colocation generated roughly Rs.48 crore in the quarter, BSE has a planned rack expansion and ongoing data‑center upgrades, and this infrastructure underpins algorithmic and latency‑sensitive trading, making BSE a material participant in exchange-focused data center services in India.

Protean eGov Technologies Limited has a clear strategic initiative in sovereign cloud and on‑premise cloud offerings, with MeitY certification, PCI‑DSS/SOC/ISO attestations and a Quantum Safe Data Vault; this positions Protean to supply sovereign‑grade infrastructure for DPI, indicating material productization and commercial intent beyond internal pilots, enabling saleable cloud and infra services to government and BFSI clients.

Schneider Electric Infrastructure Limited (SEIL) shows clear strategic intent in data centers through multiple large, end-to-end wins this quarter — supplying transformers, digital AIS panels and service contracts — and explicitly positioning solutions (E-House, skids, GMSeT) for hyperscale and enterprise DC customers. These wins and product tailoring indicate meaningful scale and a sustained go-to-market focus on the data center segment.

Larsen & Toubro has declared a dedicated data-center vertical rebranded as L&T Vyoma and disclosed an initial build-out including a Panvel pilot and a 32 MW portfolio with ~14 MW already live and another 18 MW commissioning within the fiscal, reflecting clear strategic intent and meaningful near-term capex of roughly Rs 1,000 crore to capture hyperscale demand.

Amagi Media Labs is fundamentally a cloud modernization company that has built a glass-to-glass, cloud-native broadcasting platform used by large broadcasters worldwide, converting legacy on-prem infrastructure into scalable cloud operations. Amagi runs marquee live events such as the Super Bowl and Winter Olympics on its platform, demonstrating material scale and operational responsibility for critical broadcast workloads.

Dynacons Systems & Solutions Limited has explicitly positioned data center and cloud offerings as its primary growth engine, with data center and cloud contribution rising from 14% to 37% of product mix, large execution wins and multi-year service contracts. Dynacons’ order pipeline, large enterprise deployments and AI-ready data center messaging demonstrate material strategic investment and revenue exposure in this vertical.

Univastu India Ltd demonstrates clear strategic intent in data centre development through a formal MOU with Sweden's URBS Systems AB targeting hyperscale, edge and AI/HPC facilities, and a dedicated slide in the Q3 FY26 investor presentation referencing India policy tailwinds and a focused vertical for AI‑ready centres, signalling a material move into data infrastructure by Univastu India Ltd.

TCC Concept Limited has moved materially into data centre operations, commissioning a 4 MW Tier‑III facility in Pune and actively developing a 7 MW Tier‑III campus in Hinjewadi, indicating meaningful capex and operational scale. These actions position TCC as a commercial colocation provider (NES DATA) with clear intent to offer resilient infrastructure and recurring hosting revenue streams at a meaningful enterprise scale.

ABB India is materially exposed to the data center segment: management disclosed a large low-voltage switchgear order, said data centers represent roughly 10–11% of the order backlog and described a strong hyperscale and co-location pipeline. ABB India is explicitly positioning its electrification portfolio to capture megawatt-to-gigawatt data center power needs, making this a meaningful strategic focus for ABB India.

Blue Cloud Softech Solutions Limited is pursuing a material edge and sovereign cloud strategy with a phased data‑centre program targeting roughly 100 MW by FY2032 and a Phase‑1 CAPEX of about $350 million. The company disclosed occupancy and EBITDA ramp assumptions, SPV funding and external investor commitments, demonstrating clear strategic intent and large capital deployment into data‑centre operations.

HCL Technologies is materially active across cloud and AI data center enablement, winning an AI Factory deal to design and operate next-generation AI data centers using latest GPU technologies and being named an AWS global capability center partner and launch partner for AWS European Sovereign Cloud. HCL Technologies is building cognitive infrastructure services and AI-ready operations, signalling a strategic role in enterprise AI infrastructure.

Reliance Industries Limited is actively building large-scale data center capability and AI-focused infrastructure outside of Jio Platforms, referenced as Meghraj and gigawatt-scale data centers and captive compute for partners; this represents material capex and strategic intent to host AI workloads and managed compute services at scale under Reliance Industries Limited's intelligence and infrastructure roadmap.