Netweb is one of India’s leading high-end computing solutions (HCS) provider, with fully integrated design and manufacturing capabilities. Our HCS offerings comprises (i) high performance computing (Supercomputing / HPC) systems (ii) private cloud and hyperconverged infrastructure (HCI) (iii) AI systems and enterprise workstations (iv) high performance storage (HPS / Enterprise Storage System) solutions; (v) data centre servers; and (vi) software and services for HCS offerings. They are one of India’s leading Indian origin, owned and controlled OEM in the this space. The global IT Industry was estimated to USD 4,817 Bn in FY ‘22. The market is forecasted to be USD 5,156 Bn in FY ‘23 and is forecasted to reach USD 7,846 Bn by FY ‘29 with a CAGR of 7.2% Global IT market is segmented into HPC Systems, Workstations, other devices infrastructure, software, IT business services, Emerging tech and telecom services. IT Business services had the second largest share in FY 2022 and is expected to reach USD 2,353.7 Bn by FY ‘29 at a CAGR of 7.9%. The India IT Industry market was USD 201,000 Mn in FY ‘22 and forecasted to be USD 225,000 Mn in FY ‘23 and reach USD 372,706 Mn by FY ‘29 with a CAGR of 8.8%
Strengths And Risks
+ Leading OEM: : The company We are one of India’s leading Indian origin owned and controlled OEM for HCS that can offer full stack of product and solution suite in designing, developing, implementing and integrating high performance computing solutions.
+ Marquee Clients: : Netweb has marquee long terms clients like IIT Jammu, IIT Kanpur, Airamatrix, NMDC Data Centre, Graviton, INST, HL Mando, IIIT Naya Raipur, JNU, Hemvati University, Akamai, A.P.T. Portfolio, Yotta Data, an Indian Government space research org, and a govt R&D org.
+ R&D and Product Innovation: : Company has invested to build R&D capabilities by continuously developing their R&D team to improve systems design and architecture and to expand products and solutions suite.
+ FInancial Performance: : Their revenue from operations have increased from Rs 1,560.07 million in Fiscal ‘20 to Rs. 2,470.33 million in Fiscal ‘22, at a CAGR of 25.84 %. The profit before tax for this period has increased from Rs. 53.21 million in Fiscal ‘20 to Rs. 302.27 million in Fiscal ‘22 at a CAGR of 138.34%.
+ Experienced Management: : They have an experienced board and strong management team with significant experience in the information technology industry.
- Client Concentration: : Business is heavily reliant on top 10 customers, any loss in relationships can lead to adverse business outcomes.
- Select Product Offering: : A majority portion of revenues come from a select few HCS offerings. Loss or decline in the demand of such offerings may result in an adverse effect on business.
- Agreements with Foreign Partners: : Our Company has non-disclosure agreements with our technology partners which are governed by foreign laws. Any failure to comply with such agreements can have monetary implications.
- Government Business: : A significant proportion of orders are from government entities which award the contract through a process of tender and bidding. Any failure in bidding can result in loss of business.
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