7 months ago
Indian Mid-Caps Benefit from AI Boom
Two Indian companies, Netweb and Anant Raj, are making a lot of money from the growing demand for AI and data storage.
Netweb makes high-end computer systems for AI, and Anant Raj is turning its real estate into data centers.
The Indian government is also helping by pushing for more AI use, which means these companies have a lot of work ahead.
Netweb is growing fast but is expensive to invest in, while Anant Raj is more stable but growing slower.
Both companies are important for India's future in technology.
Netweb's revenue grew by 92% year-on-year to ₹1,410 crore in 9MFY26, driven by AI systems.
Anant Raj is diversifying into data centers and cloud infrastructure, with a roadmap to reach 357 MW by 2032.
The Indian government's 'AI Mission' is a significant driver for both companies' growth.
Netweb's order book stands at ₹1,734 crore (strategic) + ₹526 crore (organic).
Anant Raj's data center segment delivered 75% margins in 9M FY26, with revenue rising 23% year-on-year.
- Who
- Netweb and Anant Raj are two Indian mid-cap companies benefiting from the AI boom.
- What
- They are expanding their data center and cloud infrastructure capabilities to meet the growing demand for AI and data localization.
- Where
- The operations are based in India, with Anant Raj having projects in Andhra Pradesh and Panchkula.
- When
- The growth is driven by current and upcoming government initiatives like the 'India AI Mission'.
- Why
- The demand for data storage and AI infrastructure is increasing due to data localization laws and the government's AI initiatives.
Key facts
- Netweb Revenue Growth
- 92% year-on-year to ₹1,410 crore in 9MFY26
- Netweb EBITDA Margin
- 13.4% in 9MFY26
- Netweb Order Book
- ₹1,734 crore (strategic) + ₹526 crore (organic)
- Anant Raj Revenue Growth
- 23% year-on-year to ₹1,865 crore in 9MFY26
- Anant Raj EBITDA Margin
- 27.7% in 9MFY26
- Anant Raj Data Center Roadmap
- 357 MW by 2032
- Netweb AI Systems Revenue
- 48% of total revenue in 9MFY26
- Anant Raj Cloud Revenue Potential
- ₹12 crore per MW/month



