CtrlS Datacenters on steady growth track even as managed services biz skid in FY23

Hyderabad-based CtrlS Datacenters that commenced business over 15 years ago with its first data center in its home city and provides infrastructure for dedicated hosting and co-location services to its customers recorded a strong growth in the year ended March 2023 even as one of its two units shrank in size.

The company that has nine operational data centres at four locations — Mumbai, Hyderabad, Noida and Bengaluru, grew its topline around 20% during FY23, for the third consecutive year due to rack capacity addition, better capacity utilisation and increase in lease rates.

This took it past the ₹1,000 crore milestone even as the company has been facing a margin squeeze with both net and EBITDA margin shrinking to the lowest level in past four years, as per data collated by…