Black Box sets sights on $2Bn revenue by 2027
MUMBAI, INDIA — Information technology services company Black Box laid out an ambitious three-year plan to grow revenue threefold from current levels to reach US$2 billion by 2027.
The company reported a consolidated revenue of Rs 6,233 crore (US$748 million) in FY23 in its recent Bombay Stock Exchange (BSE) filing.
Black Box President and CEO Sanjeev Verma said the growth strategy centers on meeting rising demand for critical technology infrastructure solutions.
Specifically, Black Box aims to tap growth in digital infrastructure, connectivity, networking, and cybersecurity for data centers and hybrid work setups. Verma sees “strong tailwinds” as data centers scale up capacity to power cloud, artificial intelligence (AI), 5G, and other data-driven tech.
With deep expertise in this space, he believes Black Box is well-positioned to capitalize.
Already working with tech giants like Amazon, Google, Microsoft, and Meta on high-density data center projects, Black Box sees a US$45 billion market opportunity in global data center infrastructure over the next decade.
Expanding in Europe and Asia-Pacific will also supplement its primary market in the United States (U.S.), which contributes 70% of its current sales.
Black Box plans major hiring initiatives to support growth in India, which is seen as a key talent hub. It recently launched a new tech center in Bangalore, with plans to boost headcount from 500 to 1,000 over the next two years.
“If you reach $2 billion, I expect significant hiring. The number of people will possibly go up from 4,000 to 7,000-8,000, and a large part of the hiring will also be in India,” Verma added.
