CtrIS plans to invest Rs 700 crore

Hyderabad: With more and more  small and medium companies going digital creating unprecedented amounts of data, city-based data storage firm CtrlS plans to set up six new physical data centres with an investment of Rs 600-Rs 700 crore.

Sridhar Pinnapureddy, the founder and CEO of CtrlS, said, “Almost all companies are thinking of outsourcing their data storage capacities. While smaller companies may choose cloud services, others will look at physical storage.” Currently, it has centres in Hyderabad and Mumbai and is planning to launch two new centres in Delhi and Bengaluru shortly.