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Black Box raises ₹410 crore through preferential issue to boost growth and expansion.
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Funds will be used to expand data centre capabilities, enhance network infrastructure, and drive innovation.
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Company aims to become a dominant player in the market by providing expanded services to hyperscalers and enterprise customers.
Black Box, a global digital infrastructure solution provider, has secured ₹410 crore in funding through a preferential issue. The company plans to use the funds to expand its data centre build capabilities, enhance its network infrastructure, and drive innovation in areas like cloud computing, cybersecurity, and artificial intelligence.
The funding round saw participation from existing promoters, marquee investors, and key management personnel. The company’s promoter shareholding will decrease slightly from 71.1% to 69.8% after the conversion of warrants into equity. Black Box has shown significant growth in recent years, with a 59% increase in EBITDA and 5.8x growth in Profit after Tax (PAT) in FY24.
The company aims to become a dominant player in the market by providing expanded services to hyperscalers, multi-tenant data centre operators, and large enterprise data centres. The investment will also support Black Box’s strategic expansion into key industry verticals and drive growth in North America and emerging markets. CEO Sanjeev Verma said the capital will enable the company to embark on an ambitious growth trajectory and enhance its digital infrastructure offerings.
