Meganet Sets Sights on ₹1,000 Crore Club: Ambitious Growth Plans for Next Two Years

Mega Networks (Meganet), a computing hardware manufacturer, eyes reaching ₹1,000 crore in revenue within two years, as CEO Amrish Pipada outlines expansion plans and strategy.

Pipada projects a 30-40% revenue growth for FY25, aiming to join the ₹1,000 crore club by capitalizing on evolving demands and investing in emerging technologies.

Last year, Mega Networks delivered 5,000-6,000 servers and targets 8,000 servers this fiscal year. A new Mumbai factory, with ₹100 crore investment, will boost production capacity to 1,500 servers per month.

Key clients include Reliance, Tata, VSSC, DRDO, and ISRO, exporting to 56 countries. With demand for AI servers rising, Mega Networks plans to launch new servers tailored for AI-driven technologies.

Pipada credits the PLI scheme for elevating manufacturing capabilities, enhancing competitiveness, and driving export growth potential by 6-10%.

Backed by government initiatives like India AI mission and Make in India, Mega Networks is poised for promising growth ahead.

News by Rahul Yelligetti