The IT infrastructure and data center sector is seeing renewed investor interest as demand for high-performance computing, cloud services, and cybersecurity solutions accelerates. Stocks in this segment are attracting attention due to growth potential driven by digital transformation, enterprise adoption of advanced servers, and government-backed data initiatives.
Esconet Technologies, with its diversified offerings spanning IT infrastructure, cloud, and managed services, is positioning itself to benefit from this boom, particularly through strategic partnerships and expansion into untapped markets.
Esconet Technologies currently has a market capitalization of Rs. 326.87 crore, with the stock trading at Rs. 247.65. Its ongoing strategic initiatives, including international expansion and elevated technology partnerships, provide strong visibility for future earnings and market growth.
About Esconet Technologies
Founded in 2012, Esconet Technologies Private Limited has evolved from a conventional hardware and software vendor into a trusted provider of end-to-end IT solutions. The company offers consulting, integration, and managed services across private and public sectors, serving marquee clients like ONGC, Wipro, GMR Infra, Morepen Labs, Indian Oil, Siemens, and Bharat Electronics.
It has installed 28 petabytes of storage systems, delivered more than 60,000 Ethernet ports, and sold over 6,000 HexaData servers and high-performance workstations since 2018.
Esconet focuses on providing SMEs and MSMEs access to enterprise-grade IT solutions, strengthening its South Indian footprint and expanding internationally through its subsidiary, Esconet Singapore Pte. Ltd. With an order book exceeding Rs. 100 crore, the company envisions building a Rs. 500 crore-plus enterprise.
A key development for Esconet is its elevated partnership with NVIDIA, advancing from a standard to preferred partner. This provides access to pre-launched software codes, hardware samples, and engineering support, enabling the company to build expertise and deliver cutting-edge solutions ahead of competitors.
ZeaCloud Services
Acquired as a wholly-owned subsidiary in 2022, ZeaCloud Services Pvt. Ltd. enhances Esconet’s Infrastructure-as-a-Service (IaaS) offerings and cloud footprint. ZeaCloud provides disaster recovery solutions, managed cloud services, private cloud, and Desktop-as-a-Service (DaaS) platforms.
Its servers integrate AI and machine learning tools for enterprise-scale workloads, supported by advanced networking and scalable storage. Recent upgrades increased throughput from 40 Gbps to 100 Gbps per host, while the development of the indigenous ZeaStack cloud platform aims to cater to Indian workloads.
ZeaCloud is targeting MeitY empanelment to support government and PSU data hosting, reinforcing national data sovereignty, and is strategically hiring to support enterprise, SME, and digital-native clients.
Also Read: Stock in focus after Morgan Stanley acquires 12 lakh shares worth ₹26 Cr in the company
Fluidech IT Services
Fluidech IT Services, founded in 2014 and headquartered in Gurugram, is a cybersecurity-first technology consulting and managed services firm. Esconet acquired a 70 percent stake in the current fiscal year to bolster its cybersecurity capabilities.
Fluidech delivers secure, cloud-native solutions for infrastructure automation, DevOps, and data analytics. It is the first accredited consulting organization to the National Critical Infrastructure Information Protection Centre (NCIIPC), giving Esconet a first-mover advantage in protecting India’s critical digital assets. The firm also provides SEBI-compliant cybersecurity packages and OT device security for global clients, enhancing Esconet’s international delivery capabilities.
HexaData
HexaData, established in 2018, designs and delivers customized server, storage, and high-performance computing solutions. It caters to multinational corporations, private enterprises, government entities, and academic institutions.
The company has enhanced its manufacturing capacity for the next 3–5 years and is developing HPC software stacks, backup appliances, and AI supercomputers powered by NVIDIA GPUs (H200, B200, GH200). HexaData products are now registered on the Government eMarketplace (GeM), and the company has commissioned a micro data center as a test bed for in-house systems.
Technology Tie-Ups
Esconet has established strategic alliances with global technology leaders to strengthen its solutions portfolio. Partnerships include Scality for scalable, ransomware-resistant backup solutions and Cato Networks for hardwareless networking and cybersecurity solutions, enabling multi-location enterprises to benefit from unified services.
The company also collaborates with Cisco, AWS, RedHat, Dell Technologies, AMD, Microsoft, Hewlett Packard, Intel, and NVIDIA (as a preferred partner) to enhance its offerings across cloud, AI, and high-performance computing domains.
Future Outlook
Management expects HexaData to continue contributing around 35 percent of revenue, with the remaining income coming from system integration and services. ZeaCloud, which contributed roughly Rs. 5 crore last year, is projected to grow to Rs. 8–8.5 crore, while Fluidech is expected to contribute Rs. 15–20 crore.
Revenue growth from these subsidiaries is anticipated at 30 to 40 percent, with ZeaCloud potentially achieving 50–60 percent growth over the next three to four years, reflecting strong momentum in cloud and cybersecurity solutions.
Financial Snapshot
September 2024 – March 2025: Sales increased from Rs. 107 crore to Rs. 123 crore, a rise of approximately 15 percent. Operating profit grew from Rs. 4 crore to Rs. 6 crore, up 50 percent. PBT rose from Rs. 4 crore to Rs. 7 crore, an increase of 75 percent, while net profit improved from Rs. 3 crore to Rs. 5 crore, a 66.7 percent jump.
March 2024 – March 2025: Sales expanded from Rs. 69 crore to Rs. 123 crore, a 78.3 percent increase. Operating profit rose marginally from Rs. 5 crore to Rs. 6 crore, up 20 percent. PBT improved from Rs. 3 crore to Rs. 7 crore, up 133.3 percent, while net profit surged from Rs. 2 crore to Rs. 5 crore, marking a 150 percent rise.
Conclusion
Esconet Technologies is strategically positioned to capitalize on the growth of supercomputing, AI, and cloud infrastructure in India and abroad. With its preferred partnership with NVIDIA, diversified subsidiaries, and increasing focus on cybersecurity and advanced server solutions, the company is aiming for substantial expansion and higher shareholder value in the coming years.
Written By Manan Gangwar
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