How NTT’s India business got upended with a new show stopper

Japan’s NTT Group, one of the top tier providers of technology and business solutions globally with revenues topping $108 billion, has been going through its motions in India.

Three years ago, it said it is merging three business entities under Sharad Sanghi, founder of Netmagic, a VC-backed data centre company it acquired a decade ago. The group roped in former IBM executive Avinash Joshi as CEO of its India business early last year. Joshi was reporting to Sanghi, who remained the managing director of the operations. Sanghi was recently redesignated as chairman relinquishing his role as MD of the firm.

Meanwhile, even as NTT globally announced a merger of the IT services business of NTT DATA and NTT outside Japan into a new operating company, as of March 31, 2023 it continued…