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Ishan Technologies grow by 30% in 2022, eyes expansion into SAARC and APAC countries

Ishan Technologies
Pinkesh Kotecha, Chairman and Managing Director of Ishan Technologies

Brief introduction about Ishan Group?

Ishan Technologies is a leading ICT company that provides solutions to Indian enterprises for over 23 years now. The company has grown to become a prominent national enterprise with a strong pan-India presence. From simplified technology solutions to reliable and secure network solutions, Ishan Technologies  offers system integration (SI) and connectivity (ISP) solutions, which is its uniqueness. The company has a diversified presence among Retail, Enterprise and Government Institutions having successfully implemented pan-India projects.

As a company – how has Ishan Group performed in 2022 in the Indian Customer Industry 2023?

Ishan Technolgies Network Services division has grown by 30% in the past year. Our YoY revenue is growing @average rate of more than 46.85% in 3 years.We have had a total turnover of over 350 crores in the last financial year. We are formulating our targets for the coming financial year.

What are the market challenges for you this year?

With the rise of remote work, cyber-attacks have become more frequent and sophisticated, posing significant threats to businesses and individuals. According to Cybersecurity Ventures, the cost of cybercrime is predicted to hit $8 trillion in 2023 and will grow to $10.5 trillion by 2025. This has led to increased demand for cybersecurity solutions, but also increased pressure on ICT players to provide effective protection.

It goes without saying that the world has seen a number of geopolitical changes that have resulted in a more unpredictable landscape for all global economies. The numerous reports warning of a global recession have made many businesses re-evaluate their plans and opt for safer options going forward.

One of the major challenges that the IT sector as a whole is facing include talent retention and global economic slow-down. In spite of numerous reports about lay-offs and difficulties with talent acquisition and retention, Ishan Technologies remains optimistic about its workforce of over 1,700 due to a number of HR initiatives such as investing in the employees, training and development, awarding long service, making work fun and rewarding.

What industries have adopted your technologies?

Over its 23 years in operation, Ishan Technologies has partnered with top businesses in various sectors such as petrochemicals, pharmaceuticals, education, banking, energy, automotive, and hospitality. Keeping in mind the significant differences in the operations and challenges of these organizations, Ishan offers solutions, which are bespoke to the organization to ensure the most effective, and efficient outcomes for everyone involved.

What are your thoughts on the demand for Data Center investments within India?

India is witnessing a significant increase in data consumption due to the widespread use of smartphones, tablets, and other connected devices. With the advent of new technologies companies are competing for the users’ attention and developing newer technologies where the customers’ data is mandatory. Several enterprises have moved their operations online and in such a case, data storage and security of data becomes a necessity. To meet this growing demand for data, companies are increasingly investing in data center infrastructure.

Ever since the 2019 moratorium imposed by Singaporean data centres construction, India has become a favoured destination for the construction of data centers among APAC countries. Several state governments of India are also promoting the construction of the data centres, creating a lucrative ecosystem for data centers.

In recent years, there has been a surge in data center investments in India. According to a report by JLL, a real estate services firm, India’s data center industry is expected to reach a valuation of $4.5 billion by 2025, with an annual growth rate of 12-13%. The report also notes that the demand for data centers is being driven by various factors, including the growth of cloud computing, the rise of e-commerce, and the increasing adoption of digital technologies by businesses.

Furthermore, the Indian government is taking initiatives to promote the growth of the data center industry. For instance, the government’s Digital India program aims to provide high-speed internet connectivity to all citizens, which is expected to drive demand for data centers. Companies are encouraged to meet the data localisation laws and the Reserve Bank of India has also rolled out a set of guidelines on the storage of payment system data, which stipulates that the data related to payment systems must be stored in India only.

The demand for data center investments within India is expected to continue to rise in the coming years, driven by factors such as the growth of cloud computing, the rise of e-commerce, and the increasing adoption of digital technologies by businesses.

How are you attracting global clients for your services?

We are currently in talks with global partners – hyper scaler global partners — to expand. Our long-term vision is to expand operations and move into SAARC and APAC countries in the next five years. We see a lot of international clients based in India who are happy to take up our service.

What is your road map for 2023?

Our organisation is outlined by the following four pillars: System Integration, Data Centre & Cloud Services, Network Services, and Security Services. Leveraging our pan-India presence, we have moved into ‘as a service’ portfolio. We have tied up with several data centre built operators and completing our portfolio in infrastructure as a service. We look forward to offering end-to-end solutions to our customers.

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