From Bharat to the Cloud – Netweb’s Rise as India’s AI Infra Leader
From indigenous supercomputers to AI GPU clusters, this homegrown hardware company is powering the nation's next digital leap.
Company Overview
What started as a quiet disruptor has now become India’s most trusted name in High-End Computing. Netweb Technologies isn’t just another OEM, it's the country’s own full-stack powerhouse that designs, builds, and deploys everything from AI systems to supercomputers. With 500+ installations across marquee institutions like ISRO, DRDO, and IITs, Netweb has positioned itself at the heart of India’s deep-tech revolution.
And while global giants continue to dominate the narrative, Netweb has carved a niche competing head-on through indigenous R&D, Make-in-India compliance, and unmatched design control. Whether it’s HPC, AI, or private cloud, Netweb’s strategy is clear: grow fast, stay relevant, and deliver value. With PLI schemes in its corner and export ambitions scaling up from 5–7%, the company is eyeing a steady 35–40% CAGR over the next few years.
Business Segments
1. High Performance Computing (HPC) – ₹402.7 Cr (~35%)
This is where Netweb made its name. From PARAM Ambar to AIRAWAT, the company has deployed India’s most powerful supercomputers. Whether it’s running simulations for space missions or training LLMs, Netweb’s HPC systems are built for mission-critical scale.
2. Private Cloud and Hyperconverged Infrastructure (HCI) – ₹399.1 Cr (~35%)
Under the Tyrone Skylus brand, Netweb is powering the private cloud backbone of firms like Akamai and Yotta. These systems bring compute, storage, and network into one seamless stack, fully engineered in-house and designed for scale.
3. AI Systems and Enterprise Workstations – ₹114.5 Cr (~15%)
This is the fastest-growing engine. With 112% YoY growth, Netweb’s GPU-based AI systems — built around Skylus.ai — are tailor-made for large language models (LLMs), machine learning (ML), and deep learning (DL), and data-heavy workloads. DRDO and IITs are already on board.
4. High Performance Storage (HPS) – ₹37.3 Cr (~7%)
When exabyte-scale data needs lightning-fast access, Netweb’s homegrown platforms like Tyrone Collectivo and ParallelStor come into play. Perfect for surveillance, big data, and cloud storage solutions.
5. Data Center Servers – ₹45.5 Cr (~5%)
With over 200 dual-processor models under its Tyrone Camarero label, Netweb is equipping data centers with high-efficiency, low-latency servers tailored for dense compute.
6. Software and Services for HCS – ₹4.6 Cr (~2%)
This isn’t your typical SaaS play. Instead, it’s the software glue that binds Netweb’s hardware deployments. From virtualization to orchestration, it’s the quiet backbone enabling scale.
Innovation, R&D and Growth Levers
At Netweb, innovation isn’t a buzzword — it’s a habit. The company filed three patents in FY25 and locked in one new design patent, all thanks to its relentless focus on building everything in-house. From AI orchestration tools like Skylus.ai to cluster management via Tyrone and container stacks through Kubyts, Netweb’s R&D is laser-focused on India’s AI future. And with India's sovereign AI mission gaining pace, Netweb is already well ahead of the curve.
Financials
Order Book and Client Concentration
Unlike firms that live quarter to quarter, Netweb plays the long game. It sits on a ₹350–450 Cr live order book, but more impressively, has a ₹4,000 Cr pipeline with a 60 percent hit rate. Orders get executed fast, usually within 8 to 12 weeks, but the real story is its loyal client base.
308 repeat clients in FY25
65.8 percent of revenue from existing relationships
Clients stick around with an average relationship age of 5.6 years
Balanced mix with 50.6 percent government and 49.4 percent private clients
This sticky customer base and proactive deal-making ensure that Netweb’s growth engine stays well-oiled, even in volatile markets.
Capacity, Infrastructure and Capex
Faridabad isn’t just Netweb’s HQ — it’s where India’s most advanced servers, storage systems, and AI infrastructure are being designed and built. With the capacity to support ₹2,000 Cr in annual revenue, the facility is future-ready. Over 200 server models, 50+ workstation types, and 15+ storage designs are rolled out under one roof.
With an enviable asset turnover of 20x, Netweb doesn’t need significant capex for now. But by FY27, expansion plans are expected to kick in, especially to support its AI ambitions and export growth.
Future outlook
Netweb is poised to maintain a 35–40% revenue CAGR over the next two years, driven by rising demand for AI-native infrastructure, private cloud adoption, and sovereign digital projects under IndiaAI. The company expects its AI Systems vertical to cross 20% revenue share by FY26, while HPC and HCI continue to scale steadily with government and enterprise demand.
With ₹2,000 Cr revenue capacity already in place, no major capex is needed until FY27. However, expansion planning is underway to support next-phase growth, especially in export markets and large-scale AI data centers. Netweb’s R&D pipeline, deep client stickiness, and first-mover advantage in AI infra orchestration (Skylus.ai) will remain key enablers of long-term growth and margin stability.
Risk & Strengths
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We are SEBI registered Research Analyst (with Registration No. INH000019789)
Disclosure
This article is for educational purposes only and does not constitute investment advice. Readers should consult a SEBI-registered advisor before making investment decisions.
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