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Black box targets to double revenue to two billion dollars by financial year 2028-29

by Aaryan Srivastav
June 30, 2025
ब्लैक बॉक्स ने वित्त वर्ष 2028-29 तक राजस्व दोगुना कर दो अरब डॉलर तक पहुंचाने का लक्ष्य रखा

Mumbai, 30 June (IANS). The Technology Branch of Essar Group Black Box Limited has targeted to double its revenue to two billion dollars by financial year 2028-29. This information has been revealed in the report of JM Financial Institutional Securities Limited. Growing demand in data centers and enterprise networking sectors and a strong order book is expected to achieve this target of the company.

According to the report, the company’s new orders have reached $ 21,8 million, whose book to bill ratio is 1.22. At the same time, the total order book has reached $ 50.4 million, which shows a seven percent increase on an annual basis.

The report states that the black box has a potential deal of $ 2.5 billion in the pipeline, providing clarity of rapid growth in the future. The special thing is that the global IT expenditure is expected to reach $ 5.27 trillion in 2024, which is expected to get a big benefit.

The verticalized sales model of the black box focuses on its top 300 global customers, including Fortune 500 companies such as Meta, Intel, Disney and Bank of America. The company is working on a strategy to increase wallet share from these accounts.

The company’s data center segment is now contributing 17.5 percent of the total revenue, which can increase by FY 29 to 25 percent. This means that the company in this region may move beyond compound annual growth rate of 42 percent.

Data center capacity in India is expected to grow at 25 percent compound annual growth rate over the next five years, which has become a major opportunity for the black box.

India is an important market in the strategic plans of the black box. The company is aiming to double its revenue here in the next three-four years. Due to the increasing demand for cloud, AI and 5G services in the country, there is a huge investment in digital infrastructure. By the year 2028, the country’s data center capacity can increase three times to 2.8 GW.

JM Financial has given a ‘bye’ rating to Black Box Limited and has fixed the target price of Rs 670, which reflects a possible rise of 33 percent.

The company has completed the appointments of senior leadership and experienced teams are accelerating the deal adaptation. Black box is now moving towards achieving its aggressive development target by taking advantage of the cloud adoption, AI, cyber security and 5G rollouts related to digital infrastructure.

-IANS

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