CtrlS crosses Rs 100 crore revenue mark

CtrlS, a leading IT enabled Managed Service Provider (MSP) owning Asia's largest tier-4 data centers in India, announced that the company has crossed Rs 100 crore annuity revenue during calendar year 2012. With this growth seen in the India market, CtrlS further defines itself as India's fastest growing tier-4 data center company. This milestone comes within 6 months of initiating operations at the Mumbai data center 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 crore. 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 data center industry.

Emphasizing on the success, founder and CEO, CtrlS Datacenters, Sridhar Reddy said, "We at CtrlS are very happy as this is a joyous occasion for us. Crossing 100 crore 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 and 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. CtrlS owns and operates two state-of-the-art facilities in Hyderabad and Mumbai.