BLACK BOX CHARTS $2 BILLION GROWTH PATH BY FY2029, EYES 15% ANNUAL SURGE

Digital infrastructure major Black Box has outlined an ambitious growth trajectory, targeting a 15 per cent year-on-year increase over the next four years as it moves towards crossing the USD 2 billion revenue milestone by FY2029, according to company officials quoted by agencies

Black Box President and CEO Sanjeev Verma

Black Box President and CEO Sanjeev Verma said the company’s upcoming acquisition could contribute up to USD 750 million in incremental revenues, strengthening its growth pipeline.

“With a quarterly order book averaging USD 500 million, we expect to close this financial year with a 30–40 per cent higher backlog than last year, ensuring strong forward visibility,” Verma noted.

The BSE-listed Essar Group company reported Rs 1,387 crore (approximately USD 160 million) in revenue for the quarter ended 30 June 2025, and has projected FY2026 revenues between Rs 6,750 crore and Rs 7,000 crore.

“Our outlook reflects the momentum in our core business and the steps we are taking to strengthen the foundation for sustained, long-term growth,” Verma added.

Operating across 35+ countries, Black Box has identified the US, India, and Europe as its key growth markets. “The US anchors our large-scale systems integration projects, serving as a global delivery hub. In India, demand for low-voltage infrastructure, surveillance, and connectivity across industrial and public sectors continues to rise, while Europe offers complementary opportunities in enterprise and infrastructure transformation,” Verma explained.

The company is also deepening its focus on emerging technologies such as hyper-converged infrastructure, edge computing, and AI-ready network solutions, which are becoming increasingly critical to enterprises and governments worldwide.

Highlighting the market potential, Verma said computing capacity is set to expand by 100 gigawatts over the next five years, representing an addressable market worth USD 200 billion.

“Black Box aims to capture a meaningful share of this growth while targeting an EBITDA of USD 200 million and margins above 10 per cent by FY2029,” he stated.

The company, which had an order book of USD 176 million in the June 2025 quarter, is targeting USD 1 billion in order bookings for FY2026, reinforcing its growth outlook and strategic direction.