Navigating Growth of Ishan Technologies’ Expanding Horizons and Ambitious Plans
Ishan Technologies is India’s premier IT and Telecom solutions provider. The company has been at the forefront of the industry, offering tailor-made solutions to address diverse business needs. During an interaction with Vidushi, Purvi Kotecha, Co-Founder and Director at Ishan Technologies discussed the overview of Ishan Technologies’ ambitious expansion plans globally and industry outlook for 2024.
Can you provide insights about the products that you are showcasing in the expo?
In the expo, our focus is on showcasing the diverse range of products within our internet service group, with a particular emphasis on network services. Among our product lines, network services take center stage, representing a key component of our offerings. The expo features the presentation of four distinct franchisee businesses that highlight the comprehensive services we provide to Internet Service Providers (ISPs). These ISPs, in turn, serve as intermediaries, delivering our top-tier services to their end customers. The Convergence event serves as a platform to spotlight and explore the intricacies of our network services, emphasizing the integral role they play in the broader landscape of internet connectivity.
Can you provide an overview of Ishan Technologies’ ambitious expansion plans globally and how the company envisions positioning itself in the international market?
Ishan Technologies, with 23 years of experience since its inception in 2001, has evolved significantly in its offerings and expansion plans. Beginning with system integration, the company has ventured into network services, and currently, it is poised for further growth by entering the data center and cloud services domain. The company is set to launch a state-of-the-art data center in Mumbai, which will contribute to the city’s status as having the highest number of data centers in India. Future plans include establishing presence in Chennai and the Gift City, a major business hub in India. Ishan Technologies is also making strides in the international arena through strategic partnerships with industry giants like AWS and Google. By collaborating with these global entities, the company aims to bring cloud interconnect services to its enterprise customers, thereby indirectly connecting its services with the global market and enhancing its offerings through global partnerships.
In the rapidly evolving technology landscape, what is Ishan Technologies’ growth outlook for 2024, and are there specific areas or markets the company is targeting for significant growth?
In 2024, Ishan Technologies is poised for significant growth in the rapidly evolving technology landscape. One key element of their expansion strategy is the launch of tier 3 certified data centers, with the first one scheduled to be operational this month and another in Chennai. These data centers will serve as crucial hubs, providing a transit and connect facility for enhanced customer reach and improved connectivity. The company is strategically focusing on building a career hotel within the data center, emphasizing the importance of creating a conducive environment for both transit and connection. Additionally, Ishan Technologies has announced ambitious plans to increase its employee strength by 250% over the next three years. This growth will be supported by a substantial emphasis on talent acquisition, with an impressive 85% of the recruitment target planned for the current year. As the Head of Finance and HR, the speaker underscores the importance of proper recruitment, talent acquisition, and training and development. These efforts are essential to ensure that the company’s expansion plans and technological advancements are effectively realized, creating a workforce that is not only skilled but also aligned with the organization’s goals. This strategic approach aims to foster employee retention, reinforcing the company’s position in the competitive technology sector.
With the surge in Data Centers in India, could you share insights into Ishan Technologies’ role in this burgeoning landscape and the company’s contributions to the development of data infrastructure across the nation?
Ishan Technologies has played a pivotal role in the rapidly expanding data center landscape in India. The company is currently connected to 25 different locations of edge data centers, facilitating enhanced connectivity for its customers. In line with the surge in demand for data infrastructure, Ishan Technologies is set to further strengthen its presence by introducing three additional data centers. This strategic expansion aims to improve customer reach and provide superior connectivity. With a total of 151 data centers already established in India, the company recognizes the immense potential for growth in this sector. The evolving market trends indicate a shift towards cloud services and co-location, areas that Ishan Technologies is now actively embracing. The company acknowledges the changing preferences in the market and is adapting to meet the increasing demand for these services. As the data infrastructure landscape in India continues to evolve, Ishan Technologies remains committed to contributing to the nation’s digital growth and anticipates significant opportunities for further development.
Ishan Technologies has set ambitious goals, aiming for a turnover surge from Rs. 353 crores to Rs. 500 crores. Could you elaborate on the key strategies and initiatives the company plans to implement to achieve this substantial increase in turnover?
Ishan Technologies has outlined ambitious goals for a significant increase in turnover, aiming to raise it from Rs. 353 crores to Rs. 500 crores. The company’s strategies encompass a strong focus on the retail sector, particularly in Gujarat, where they currently maintain a 16,000-kilometer fiber network of Bharatnet. This infrastructure is instrumental in expanding internet connectivity to rural areas. Additionally, Ishan Technologies is deeply involved in the education sector, providing services to six IIMs and Ahmedabad University. In the broking segment, the company boasts a comprehensive presence, serving the entire broking sector of Gujarat. Their commitment to reliability is evident as they proudly claim to offer uninterrupted services, crucial for the financial industry. Furthermore, Ishan Technologies has established a significant footprint in the government sector, contributing to 13 smart city solutions, including projects in Surat and Rathore. In the hospitality industry, the company has undertaken noteworthy projects such as the development of bespoke solutions for Vomento’s ITC in Udaipur, providing comprehensive services from surveillance to internet connectivity. These diverse initiatives across sectors underscore Ishan Technologies’ multifaceted approach to achieving its ambitious turnover goals.
As a participant in the Convergence Expo, what specific offerings or solutions is Ishan Technologies showcasing, and how do these align with the broader industry trends and demands?
Ishan Technologies, as a participant in the Convergence Expo, is showcasing its comprehensive offerings focused on expanding retail connections in Gujarat and nationwide. With a current network of 40-45 franchises, the company aims to increase its reach by further expanding its franchise network, fostering the development of a larger retail customer base. Additionally, Ishan Technologies is actively involved in the Internet Service Provider (ISP) segment, providing connectivity to DOT-certified ISPs. This strategic approach enables indirect outreach to end customers through the extended network of ISP solution providers and franchisees. By aligning with industry trends and demands, Ishan Technologies seeks to enhance its market presence and contribute to the broader connectivity landscape.
In your role as the Director of Finance at Ishan Technologies, how do you see the financial landscape evolving for the company, and what measures are being taken to ensure sustainable financial growth amidst the dynamic and competitive market conditions?
In my role as the Director of Finance at Ishan Technologies, I foresee the financial landscape evolving positively for the company, building on the remarkable 33% year-over-year growth we have experienced in the last two years. Despite our initial bootstrap beginnings, we have successfully navigated dynamic and competitive market conditions, propelling us towards a forecasted financial milestone of 550-plus in the current fiscal year. Our financial success is attributed to a meticulous and balanced approach, where I, as a female finance director, bring a nurturing and motherly touch to managing the company’s finances. The guiding principle has been to ensure that inflow aligns with outflow, fostering a sustainable growth path. Repeated investments into the organization have played a pivotal role in fueling this growth trajectory. The tangible results achieved over the past three years stand as a testament to our strategic financial management and our commitment to maintaining a delicate equilibrium in our financial operations.
