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Mint
11-07-2025
- Business
- Mint
Indias data centre capacity likely to reach 3GW by 2030, says report
Mumbai, Jul 11 (PTI) India's data centre industry is on the brink of exponential growth, with total capacity expected to reach 3 GW by 2030, according to a report. The sector is also seeing a surge in annual investments, currently at USD 1-1.5 billion (around ₹ 12,870 crore), and this figure is expected to double in the coming years, according to the report A Multi-Year Growth Proxy on India's Data Explosion and Localisation Wave by Avendus Capital. The data centre capacity of the country was estimated at 1.1 GW in 2024. Rising data consumption, AI and cloud adoption, and policy initiatives focused on data localisation are the main drivers of data centre demand, the report stated. The demand is expected to reach around 6 GW by 2033, but the supply is expected to be only 4.5 GW, leaving a gap of 1.5 GW. Much of the demand is expected to be met through large-format, hyperscale-ready infrastructure in core markets, alongside edge-ready capacity in Tier 2 and Tier 3 cities for latency-sensitive workloads, the report said, projecting a 25-30 per cent compound annual growth rate (CAGR) for the sector. The report further said that subsidised land banks and electricity duty exemptions by various state governments are emerging as key enablers for accelerating data centre capacity expansion across India. While established leaders such as STT GDC and Sify continue to anchor the market, new entrants are gearing up to meet the rising enterprise demand. Delhi-NCR-based infrastructure and real estate player Anant Raj has planned capital expenditure of USD 2.1 billion (around ₹ 18,000 crore) to achieve an operational capacity of 307 MW by 2031-2032, up from 28 MW of IT Load in 2025-26. 'With the advantage of pre-zoned sites, strong government policies, robust power access, and connectivity, we are well-positioned to meet the rising enterprise and hyperscaler, cloud-infrastructure as a service demand from both public and private sector clients,' Anant Raj Ltd Managing Director Amit Sarin said.
Time of India
11-07-2025
- Business
- Time of India
How satellite-based alternative data can revolutionize MSME credit access
Indian MSMEs are key drivers of our economy due to their significant contribution in the Indian financial ecosystem. Indian MSMEs in recent times are witnessing a strong increase in formal credit, yet there is a long distance to reach their entire potential. As per media news, as of end March 2025, total loans disbursed to MSMEs had risen to ₹40.4 lakh crore, a 20% rise from ₹33.6 lakh crore in March 2024, and a significant leap from ₹28.3 lakh crore in March 2023. However, despite this growth, a report by Avendus Capital highlights that only about 14% of MSMEs have access to credit. The remaining population depends on informal, often costly and exploitative sources of credit, which severely limit their potential for growth and expansion. This exclusion builds up a two-way challenge. MSMEs find it difficult to establish creditworthiness in the absence of proof of income or collateral, whereas institutions like banks, NBFCs, and fintechs have to bear high costs and operational challenges in determining risk by way of manual checks and field visits. These are not scalable solutions, particularly for small businesses within remote or semi-urban regions. India's Financial sector has reacted by innovative use of structures such as the Account Aggregator ecosystem, Udyam registration information, GST filing, and infrastructure like TReDS. Alternative models of data based on utility bill payments, supplier invoices, and transaction streams have made credit accessible to a subset of digitally connected MSMEs. Those solutions tend to benefit mainly units that already possess some digital or financial presence. The real challenge lies in accessing the "missing middle', the vast majority of MSMEs that are running but invisible to mainstream or digital credit systems , especially in rural and semi-urban locations. Several of these businesses operate in small-scale industries, service industries, or value chains linked with agriculture, etc. They may have a regular income and healthy cash flow but lack any official financial papers or collateral to establish their creditworthiness. It is here that emerging innovations in alternate credit models can make the biggest difference. One of the most promising innovations here is the application of satellite data . Satellite intelligence furnishes site-specific, real-time data that can verify business activity on the ground. Lenders can see physical signs such as land use, production cycles, infrastructure upgrades, and even local climatic or environmental risks through the help of high-resolution imaging and geospatial analytics. These signs are reliable surrogates for company health, especially where paperwork is non-existent or unreliable. For example, a Kirana shop in a rural or semi-urban setting might not have formal books of accounts or digital records of transactions. But satellite imagery can still identify evidence of steady business activity like regular patterns of foot traffic, stock deliveries, or even physical enlargement of the facility over time. These visual cues, when interpreted in context, will allow lenders to estimate the size of operations, stability, and growth prospects of the store, generating useful inputs for credit decisioning even in the absence of conventional financial information. Blending satellite data with other alternative sources, such as supply chain contacts, utility bill payments, mobile phone behavior, and geolocation history, taps into the true power of this idea. Together, they establish a comprehensive, multi-dimensional credit profile more dynamic and representative of true company performance than mere static financial statements. By integrating these diverse datasets, lenders can significantly enhance the accuracy and inclusiveness of credit scoring models enabling quicker, fairer, and more informed lending decisions. This approach empowers underserved MSMEs to access working capital and build a credit history that can eventually bring them into the formal financial system. But introducing alternative credit models and satellite intelligence is no easy task. Transparency, ethical application, and data privacy have to be a certainty. To build scalable, secure, and fair lending frameworks, it also necessitates cross-sector collaboration between fintechs, banks, data providers, and regulators. By merging these varied data sets, lenders can effectively improve the precision and comprehensiveness of credit scoring models, supporting quicker, more unbiased, and data-led lending decisions. This strengthens under-banked MSMEs' ability to secure working capital, establish financial credibility, and transition over time into the formal financial system. The silver lining is that the ecosystem is on the right path. With upcoming technologies such as satellite intelligence coming in and being more open to integration, the sector does have a serious chance to redefine credit inclusion on a scale. Through innovation and partnerships, we can derive the full potential of India's MSMEs fueling job growth, entrepreneurship, and inclusive economic growth for the long term.
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Business Standard
11-07-2025
- Business
- Business Standard
India's data centre capacity to hit 3GW by 2030 on investment surge: Report
India's data centre industry is on the brink of exponential growth, with total capacity expected to reach 3 GW by 2030, according to a report. The sector is also seeing a surge in annual investments, currently at $1-1.5 billion (around Rs 12,870 crore), and this figure is expected to double in the coming years, according to the report A Multi-Year Growth Proxy on India's Data Explosion and Localisation Wave by Avendus Capital. The data centre capacity of the country was estimated at 1.1 GW in 2024. Rising data consumption, AI and cloud adoption, and policy initiatives focused on data localisation are the main drivers of data centre demand, the report stated. The demand is expected to reach around 6 GW by 2033, but the supply is expected to be only 4.5 GW, leaving a gap of 1.5 GW. Much of the demand is expected to be met through large-format, hyperscale-ready infrastructure in core markets, alongside edge-ready capacity in Tier 2 and Tier 3 cities for latency-sensitive workloads, the report said, projecting a 25-30 per cent compound annual growth rate (CAGR) for the sector. The report further said that subsidised land banks and electricity duty exemptions by various state governments are emerging as key enablers for accelerating data centre capacity expansion across India. While established leaders such as STT GDC and Sify continue to anchor the market, new entrants are gearing up to meet the rising enterprise demand. Delhi-NCR-based infrastructure and real estate player Anant Raj has planned capital expenditure of $2.1 billion (around Rs 18,000 crore) to achieve an operational capacity of 307 MW by 2031-2032, up from 28 MW of IT Load in 2025-26. With the advantage of pre-zoned sites, strong government policies, robust power access, and connectivity, we are well-positioned to meet the rising enterprise and hyperscaler, cloud-infrastructure as a service demand from both public and private sector clients, Anant Raj Ltd Managing Director Amit Sarin said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
02-07-2025
- Business
- Time of India
IPO-bound Pine Labs to appoint Avendus' Sameer Kamath as new CFO
Academy Empower your mind, elevate your skills Initial public offering (IPO)-bound merchant payments company Pine Labs is set to appoint Sameer Kamath as its new chief financial officer, according to two people in the is currently the group chief financial officer (CFO) at the Mumbai-based investment bank Avendus Capital . He is set to join the digital payments company soon, ET has has spent over two decades in the financial services industry. Prior to Avendus, Kamath was the group CFO at Mumbai-based broking firm Motilal queries to Pine Labs went appointment comes after the exit of Marc Mathenz, its Singapore-based CFO, who resigned in June, just before the company filed its draft prospectus with the stock market regulator, Securities and Exchange Board of India (Sebi).'Pine Labs needed an Indian CFO since the company reverse-flipped its parent entity from Singapore to India,' said one of the persons in the appointment comes with Shalini Saxena set to return to the Gurugram-based firm as its general counsel. Bar and Bench was the first to report this was the general counsel, or the top legal official, at Pine Labs between 2019 and 2022, after which she had moved to crypto exchange startup CoinDCX as its legal head. Now she is set to join Pine Labs Kush Mehra, chief business officer; Sumit Chopra, chief operating officer; and Navin Chandani, chief business officer of the issuing business, are a few of the key personnel at Pine Labs, which counts erstwhile PayU top executive Amrish Rau as its current chief executive company filed its DRHP on June 27, seeking to raise Rs 2,600 crore through a fresh issue of shares and an offer-for-sale (OFS) of up to 147.8 million shares. The company is looking for a valuation of $4.5 to $5 billion through the public issue. It counts the likes of Peak XV Partners, Mastercard, PayPal, and Actis among its major shareholders.
Mint
25-06-2025
- Business
- Mint
Investment bankers reap record bonanza after a bumper year of deals
Indian investment banks doled out record bonuses this year as a surge in deal activity drove fees to an all-time high last fiscal, according to headhunters and bankers. Kotak Mahindra Capital Co., Axis Capital, Avendus Capital, and JM Financial, among others, have handed out million-dollar ( ₹8-9 crore) bonuses to their top brass, the industry insiders told Mint, speaking on the condition of anonymity as the compensation data is private. 'The top domestic banks have seen record revenue levels in the last financial year and the bonuses that get announced in June have been phenomenal with top honchos making around 250-300% of their annual comps in bonuses," a headhunter said. A bumper year of dealmaking kept investment bankers busy last fiscal. Hyundai Motors India Ltd, Swiggy Ltd, Ola Electric Ltd, Firstcry (operated by Brainbees Solutions Ltd), among others, went public. Private equity investors exited or sold part of their stakes in several Indian companies. Consolidation in industrials, consumer and financial services sectors spurred a wave of M&As. Also read | Investment banks to pitch for ₹25,000-crore SBI fundraise this week 'It has been one of the better years for the local bankers, and this specially gets amplified because globally the hikes andbonuses of I-bankers were not to their usual levels given softness in their local markets,"said Harpuneet Singh, managing director at executive search firm Russell Reynolds. 'However, going ahead as markets cool down, a similar momentum may be difficult to maintain." Large and small investment banks together generated more than $1.35 billion ( ₹10,900 crore) in fee income in FY25 by stitching up transactions in the equity and debt markets, along with M&As, according to data collated by London Stock Exchange Group, an analytics services and data provider. That compares with the total I-banking fee of $1.25 billion generated in FY24 and $1.07 billion in FY23. Emailed queries to spokespersons of Axis Capital, Avendus Capital, Kotak Mahindra Capital Co. and JM Financial did not elicit any response. Read this | Bank, NBFC investments in AIFs may get smoother Some of the top investment banks in the FY25 fee league tables include Jefferies, Axis Bank, State Bank of India, ICICI Bank, Kotak Mahindra Capital, JM Financial, Morgan Stanley, Avendus Capital, and Avendus Capital. Revenue-sharing model Over 80 mainboard IPOs saw a total capital of ₹1.63 trillion raised in FY25, compared with ₹61,900 crore across 76 offers in FY24, according to KPMG's analysis released in May 2025. 'Indian markets have been extremely buoyant in recent years, and the local investment banks have strongly leveraged these opportunities," said Monica Agrawal, managing director, financial services and board and chief executive officer services at search firm Korn Ferry in India. 'They have been able to attract top talent and are currently commanding higher compensation, too, as they have delivered great results. They are inching towards the top of the league tables, the erstwhile bastion of large global banks." Most investment banks now follow a revenue-sharing model with employees in client-facing roles, where a large part of their work revolves around deal origination. In such departments, the bonus payouts are directly linked to the fee income. In December, Mint had reported that global banks would hand out record payouts of up to ₹1,000 crore combined in India on the back of decadal-high fee income in 2024. And read | Premji Invest's latest bet? A tech-powered NBFC led by a former ICICI banker
