IT solutions provider Trimax IT Infrastructure and Services is eyeing a revenue of around Rs 535 crore in FY11 on the back of growth in its systems integration, managed IT infrastructure and data centre businesses, a senior company official said.
The Mumbai-based company, which operates in three verticals -- system integration, data centre services, and IT infrastructure management -- had recorded business worth around Rs 350 crore in the previous fiscal.
"We are now aiming at a 52 per cent increase in our revenue to Rs 535 crore for FY11," Trimax Director Sudhanshu Tewari told PTI here.
In Q1, FY11, the company's total revenue rose by nearly 38 per cent to around Rs 101 crore from Rs 73.86 crore in the same period a year ago.
"The company is able to maintain its robust growth as planned and we have already done a business of Rs 101 crore in the first quarter of this financial year," he said.
In FY11, the company is targeting a revenue of Rs 440 crore from its system integration business alone and is expecting Rs 62 crore from its IT infrastructure management business.
Trimax is currently setting up a tier III state-of-the-art data centre in collaboration with ITI over a 1,20,000 square feet area in Bangalore. Under the first phase of the project, the company has developed 40,000 square feet of area.
"Out of the 40,000 square feet area, 12,000 square feet area is the raised floor area that will be outsourced for business. In the last fiscal, revenue of Rs 10 crore was generated from the outsourced data centre business. For this financial year, we are eyeing Rs 33 crore business," Tewari said, adding that in FY12, the company was expecting a revenue of Rs 42 crore.
Tewari noted that the overall incremental market for data centre space in India was about 35 lakh square feet, out of which around 45 per cent was for outsourced services and 55 per cent was for in-house data centre setups.
Trimax is expecting a four-fold increase in revenue from the data centre business to Rs 100 crore in FY11 from Rs 25 crore in FY10.
"We are expecting Rs 100 crore income from the data centre set up business in this fiscal," he said.
