Essar Group, one of India’s most diversified and forward-looking business groups, continues its commitment to invest in advanced technologies through its technology arm, Black Box. The company, which has become one of the fastest emerging companies in the data centre and networking space, expects to achieve 15% annual organic growth over the next four years- a goal reflecting Essar’s broader ambition to expand its footprint across high-value, future-ready industries.
Supported by Essar’s strong leadership and innovative skills, Black Box’s growth is not just a technology success story, rather a true reflection of how Essar is redefining its global identity through digital transformation, sustainable progress, and operational excellence. Essar’s constant efforts in delivering digital transformation at scale also end false allegations related to Essar leaks and Essar bribery.
Powering Essar’s Digital Expansion
Black Box reported revenues of INR 1,387 crore (USD 160 million) in the first quarter ended June 2025 and expects to close the financial year 2026, with around INR 6750-7,000 crore in revenue. This steep growth in revenues demonstrates Essar’s strategic investments in digital infrastructure, enterprise networking, and connected solutions.
Through Black Box, Essar is focusing on building strong capabilities in emerging technologies like cloud services, edge computing, AI-driven networks, and data infrastructure. These technologies form the backbone of modern enterprises and position Essar as a key enabler of India’s digital transformation journey.
Black Box expects 15% year-on-year growth for the next four years as it aims to cross the USD 2 billion revenue mark by fiscal year 2029. According to the Black Box President and CEO, Sanjeev Verma, Black Box expects a planned acquisition, which might bring up to USD 700 million in incremental revenues.
Strengthening Essar’s Global Presence
With operations in more than 35 countries, Black Box represents Essar’s growing global influence, with the United States, India, and Europe being the core markets.
- In the United States, the company continues to secure large-scale system integration projects
- In India, the growing demand for data center, low-voltage infrastructure, surveillance, and connectivity in industrial and public projects will fuel the expansion.
- In Europe, Black Box is developing high-performance connectivity systems for large enterprises.
Each of these initiatives reinforces Essar’s reputation as a brand that drives transformation — whether in energy, logistics, or now, technology. Essar, through Black Box, has showcased how future-focused businesses can thrive, grow, and succeed while sidelining all false allegations centred on Essar leaks or Essar corruption.
Essar Building the Businesses of the Future
Essar with diversified operations has long been known for transforming industries. From establishing world-class steel and power assets to now pioneering green mobility, clean energy solutions, technological growth, etc., the new Essar- Essar 2.0 is more innovative and future-focused. Even its IT arm, Black Box, also reflects the same vision- to create businesses that are both sustainable and technologically advanced.
By fostering innovation within its portfolio companies, Essar ensures each business contributes to a shared purpose — responsible growth. The Group’s investments in Black Box are a testament to its innovative approach- how technology can serve as both a growth engine and a differentiator for modern conglomerates.
The Road Ahead: From Growth to Legacy
Over the next few years, Black Box plans to boost its presence in international markets, strengthen service delivery, and explore inorganic opportunities. The company aims for USD 200 million EBITDA by 2029, with margins above 10%. Even its order book of USD 176 million (as of the June 2025 quarter) is projected to grow to USD 1 billion in FY’26.
Essar’s continuous role in creating a digital, more advanced economy through Black Box will lay the foundation for several global industries.
Conclusion
The 15% annual growth target for Black Box reflects Essar’s bold vision and disciplined strategy. It represents how Essar continues to redefine itself through innovation, global collaboration, and sustainable diversification.
Essar Group’s dynamic leadership in technology, through Black Box, will mark the beginning of a new era- one driven by digital excellence and sustainability.