Pi Datacenters to close ₹120-crore investments, double workforce to 300.

Pi Datacenters is on the verge of closing investments to the tune of ₹120 crore, and is planning to double the workforce to 300 in a year.

“We have tied up for about ₹120 crore. We will be going for another two rounds of ₹120 crore each in the subsequent tranches,” Kalyan Muppaneni, Chairman and Chief Executive Officer, told BusinessLine.

The firm is setting up a Greenfield data centre near Amaravati, Capital of Andhra Pradesh, with an estimated investment of ₹600 crore. The first phase of the project will have 1.2 lakh sq ft of built-space by July this year. “The shell will be ready by March and we hope to launch operations by July with 1,100 racks on offer,” he said.

Targeting major industry verticals in domestic and international markets, the firm will offer infrastructure-as-a-service (IaaS), Platform-as-a-Service (PaaS), Disaster Recovery-as-a-Service (DRaaS).

Kalyan Muppaneni said the company was putting in about ₹60 crore for the development of the facility. “We are focussing on BFSI (banking, financial services and insurance), e-commerce, manufacturing, small-scale sector,” he said.

On starting another data centre, he said the disaster recovery centre was not an option. “We will be announcing a decision on this soon,” he said.

Ensuring safety and security of data, he said it offered eight levels of security, conforming to international standards.

The data centre will give its clients the flexibility of bringing in their employees to manage their data. “Or, we can provide the services to them,” he said.

HBL