CtrlS Crosses Rs. 100 Crore in Annuity Revenue

MUMBAI, February 26, 2013 /PRNewswire/ --

CtrlS, a leading IT-enabled Managed Service Provider(MSP) owning Asia's largest Tier IV Datacenters in India, bagged with global delivery capabilities, today announced that the company has crossed Rs. 100 crores annuity revenue during calendar year 2012. With this growth seen in the India market, CtrlS further defines itself as India's fastest growing Tier IV Datacenter Company. This milestone comes within 6 months of initiating operations at the Mumbai datacenter and 5 years of incorporation. 

The company closed the previous financial year on March 31 2012, where CtrlS recorded annuity revenue of Rs. 47.92 crores. In the present financial year, the company has already achieved 108% growth and further looks at closing the year with the highest growth recorded in the Indian datacenter industry.

Emphasizing on the success, Founder and CEO, CtrlS Datacenters Ltd, Mr. Sridhar Reddy said, "We at CtrlS are very happy as this is a joyous occasion for us. Crossing 100 cr. annuity is not just a sign for the company's growth but more of a testimony for us to know our customers believe in us and trust our offerings. Today close to 40% of our revenue comes from the Banking, Financial Services & Insurance sector. We see a huge potential in the market and hope to capture a huge share in the market. The annuity reiterates us to be a trusted name for customers in the industry and we hope to take our commitment with the customers to the next level. We have turned the corner of EBITDA profitably and will continue to capitalize on margin expansion as we fill existing data center space to further increase earnings and grow margins."

As a young company in the big league, CtrlS has launched additional pioneering business solutions which are innovative and affordable off-premises IT solutions. The company also launched Zero Data Loss solution for enterprises, which guarantees that not a single byte of data will be lost during downtime, as a pay-per-use solution. The company continues to keep the Total Ownership Index consistently high at 4+ on a scale of 5. Key clientele for CtrlS include clients from the telecom industry; including a top 5 international telecom players, IT/ITeS, government, services, manufacturing, logistics, healthcare and media verticals. Today, 44% of revenue comes from CtrlS Colocation Solutions and 56% comes from CtrlS Managed Services. Each offering has been witnessing record demand and revenue growth. In the last 3 quarters, the revenue for CtrlS Colocation Solutions has successfully increased by 75%, and the revenue for CtrlS Managed Services has increased by 125%.

CtrlS owns and operates two state-of-the-art facilities in Hyderabad and Mumbai. The Hyderabad facility consists of 20,000 sq. ft. of space with a rack capacity of 972 and power capacity of 10 MW. The Mumbai facility can house 5000 racks with 200,000 sq. ft. of space and 30 MW of power capacity. The high availability and robust power density of the CtrlS facilities makes it a leader in the Indian data center market with the ability to serve the most demanding enterprise and carrier customers. A third facility is due to launch in the Delhi region during 2013. The state-of-the-art Datacenters by CtrlS have been engineered and built by CtrlS' own core design & project team using innovative technologies and best practices for efficiency, high availability and highest level of physical security.

About CtrlS Datacenters Ltd.

Incorporated in 2007, CtrlS offerings comprise of data center infrastructure, disaster recovery, storage, application hosting, backup, hardware, cloud computing, OS layers, network and security solutions. With Asia's largest IV Datacenter to its credit, CtrlS provides unmatched hosting capabilities through enhanced connectivity, multiple redundancies, fault tolerant infrastructure with a guarantee of a 99.995% uptime with penalty backed Service Level Agreement (SLA). CtrlS' state-of-art datacenters across Hyderabad, Mumbai and Delhi are spread over combined areas of 370,000 sq.ft (appx.). It offers comprehensive range of sophisticated and contemporary for the critical foundation for helping customers gain deep insight into and exceptional control over their complex, mixed IT environments. CtrlS solutions enable customers to support changing business models at the right time, the right place, and from the best sources, and flexibly deliver IT services in the manner that best serves business needs. www.ctrls.in

Primary Media Contact: Regina Raj, regina@ctrls.in, 91-8008887830

Secondary Media Contact: Nikita Nadwani, nikita.nadwani@2020msl.com, 91-9167443578