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| Tulip Telecom eyes Rs 1,000 cr annual revenue from data centre |
| Press Trust of India / Bangalore Feb 06, 2012, 20:42 IST |
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Tulip Telecom is looking to generate Rs 1,000 crore annual revenue within three years from Tulip Data Centre (TDC) which was launched commercially today.
"Once it [TDC] is fully occupied, which I believe should happen in three years, we expect revenue of Rs 1,000 crore a year and EBIDTA margin of 40%," Chairman and Managing Director of Tulip Telecom HS Bedi said.
He said that in the next financial year, subsidiary of Tulip Telecom owning the data centre should be able to secure orders worth Rs 600 crore.
"The order that we will have in next financial year will enable me [the centre] in 2014 to book revenue of Rs 600 crore," Bedi said.
The company has three deals worth Rs 600 crore that on annual basis will give revenue of Rs 120 crore.
"We have two large deals with HP and IBM. HP is about to start its operation in this data centre and we are making making provisions for IBM," Bedi said.
TDC will be owned and managed by Tulip Data City which is 100% owned subsidiary of Tulip Telecom.
The company has invested Rs 900 crore in setting up the data centre and is spread over area of 9 lakh square feet.
Bedi said his company is looking at diluting some equity in the data centre but the way it will be done is yet to be finalised.
"We could consider bringing an IPO for it. The aim is to bring in private equity. We are yet to work out of details of this," Bedi said.
The data centre was inaugurated by Minister of Communications and IT Sachin Pilot who said that this kind of facility is required in the country to manage data for 1.2 billion Indian citizens.
"There is immense potential for data centre in India. Facilities like this will send out signal to other investors to set-up more such data centres in the country and I think companies need to branch out to tier 2 and tier 3 cities for this kind of investment," Pilot said.
On government collaborating with private data centres, Pilot said, "It provides funding and regulatory mechanism. Actual working of government should not get in to execution of project. We are looking to collaborate for SWAN [State-wide area network], CSC and even for data centre we created fund. Actual execution should be left for industry."
The government organisations have been largely looking at in-house data centres.
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