Black Box Ltd., a global digital infrastructure integrator providing network, data centre, cloud and cybersecurity solutions, has outlined plans to increase its revenue threefold to ₹18,000 crore by FY30 through a combination of organic growth and acquisitions.
The company has set a revenue target of about $2 billion (₹18,000 crore), with nearly two-thirds of the growth expected to come from organic initiatives and the balance from inorganic opportunities.
Growth roadmap
“Our total plan is $2 billion or about ₹18,000 crore, with ₹12,000 crore coming from organic growth and ₹6,000 crore from inorganic growth. Roughly two-thirds of the growth is expected to come organically and one-third through acquisitions,” Executive Director and Chief Financial Officer Deepak Bansal said during earnings call.
He said the growth strategy would be supported by a strong order backlog, favourable industry trends, a healthy balance sheet, talent development and a clear execution roadmap.
Organic expansion
The company aims to increase revenue to ₹12,000 crore by FY30 through organic growth, representing a compound annual growth rate (CAGR) of about 17% from current levels.
“This growth is primarily driven by hyperscaler data centre opportunities led by AI infrastructure investments, increasing wallet share among Fortune 500 customers, expansion in India and other international markets, and continued delivery excellence,” said Chief Technology Officer Bikram Sahoo.
AI and data centre opportunities
The company said growing demand for AI infrastructure and hyperscale data centres would be a key growth driver over the next few years.
Black Box also expects its order backlog of about $800 million, strong customer relationships and favourable market conditions to support sustained revenue growth across geographies.
Acquisition strategy
As part of its inorganic growth plans, the company is targeting revenue of about ₹6,000 crore, or nearly $700 million, through acquisitions by FY30.
The strategy is focused on adding capabilities, expanding customer access, strengthening market positions, deepening geographic presence and complementing existing service offerings.
Global focus
The company recently acquired a business in Brazil and sees Latin America as a significant growth opportunity. It is also evaluating opportunities across Europe, Asia-Pacific, India and Latin America to accelerate expansion.
“The focus now is execution. We are excited about the opportunity ahead and remain committed to creating long-term value for all stakeholders,” Bansal, said.
Investment priorities
Black Box said its capital allocation priorities include investing in talent development, specialised capabilities and AI-enabled platforms, while strengthening infrastructure to support future growth.
The company also plans to fund working capital requirements and pursue strategic acquisitions, with every investment decision focused on sustainable returns and long-term value creation. India currently contributes about 6-7% of revenue and is expected to account for 8-10% of revenue by FY30.