These 4 companies are printing money with AI!
India is no longer just a consumer of digital technology created by the world. The time is fast being left behind when our country’s data was secured on foreign servers, we had to look to Taiwan for computer chips or AI models were trained in America. Today the country is busy creating its own ‘Sovereign AI’ network. The simple objective of the government’s ambitious Rs 10,372 crore ‘India AI Mission’ is to deploy 38,000 GPUs within the country. NITI Aayog believes that this change will directly benefit the 49 crore unorganized sector workers of India.
This is why the country’s data center capacity, which is 1,280 MW today, is expected to increase four to five times by 2030. Amidst this campaign to end dependence on foreign technology, there are some Indian companies in the stock market which are doing everything from making servers to providing land for data centres. This is emerging as a big opportunity for investors. Let us know about those 4 companies, which are becoming the backbone of this new revolution.
1- Netweb Technologies
Netweb Technologies is included in the list of largest companies manufacturing high-performance computers in the country. Its biggest strength is its strong partnership with the world’s leading chip manufacturer Nvidia. Under its special brand Tyrone, this company manufactures powerful supercomputers that work on Nvidia’s latest technology. Its financial figures increase the confidence of investors. In the last five years, the company has recorded an excellent annual growth (CAGR) of 49 percent in sales and 97 percent in profits. The management of the company is completely confident that their earnings will continue to grow at a fast pace of 35-40 percent in the coming times.
2- E2E Networks
E2E Networks is a cloud platform that provides direct support to AI machine learning. With the mission of keeping the country’s valuable data safe within the country, this company is running its own data centers from Noida, Chennai to Mumbai. In Chennai it has also signed a big agreement with Larsen & Toubro (L&T). This company, which was once in loss, is now back on the track of profit. Its revenue has increased at the rate of 46 percent in the last five years. This company has received many big projects under ‘India AI Mission’. Currently, it has a power of 3,700 GPUs, which has a strong plan to take it beyond 10,000 in just two years.
3- Anant Raj
Anant Raj is basically an old and veteran real estate company of Delhi-NCR. It has a large stock of land purchased at historically very low prices. Now the company has entered into the data center business by cleverly using its cheap land. This is saving both time and money of the company. The government’s Ministry of Information Technology has given it the status of ‘Sovereign Cloud Service Provider’, while the government telecom company BSNL has also recognized it. The company has full estimate that by the year 2028, when its new business will work at its full capacity, it will earn a bumper revenue of Rs 12 billion.
4- Kaynes Technology
Kaynes Technology does not want to limit itself to making just simple electronics. Now this company has entered design-based manufacturing. It is investing heavily in semiconductor packaging (OSAT) to embedded systems. If we talk about the last five years, the company has seen a huge annual increase of 49 percent in sales and 99 percent in profit. The company is investing Rs 1.5 billion to set up PCB and semiconductor plants. Their direct target is to reach the magical figure of one billion dollars in the company’s revenue by the financial year 2028.
Disclaimer: This article is for information only and should not be considered as investment advice in any way. TV9 Bharatvarsha advises its readers and viewers to consult their financial advisors before taking any money-related decisions.
