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Net 4 India Gets Funded By Madison India Capital
10 Dec 2009
BSE listed domain, hosting, bandwidth and data center service provider Net 4 India, has raised Rs. 150 million from private equity firm Madison India Capital HC.
The company announced to the BSE that it had allotted 1,697,812 equity shares to Madison India Capital HC on a preferential basis. This translates roughly to 9.2% stake in Net 4 India.
Madison’s website states its typical investment consideration is $5 to $20 million. The PE firm invests in high growth, middle market companies, and Net 4 India is one of them. Net 4 India posted a standalone net profit of Rs. 19.74 million over income of Rs. 272.85 million in the quarter ended September 2009.
Net 4 has a pan-India presence with seven Internet data centres and 15 network points of presence. It offers VoIP services, Pay-as-you-Go E-mail, storage services for SMBs, data center outsourcing but is known as being one of India’s largest domain registrars. It is accredited by ICANN (Internet Corporation for Assigned names and Numbers) and offers domains such as domains .com, .net, .info, .in and .org.
Net 4’s clientele list includes Dr Reddy’s, Essar, ITC, DTDC, ONGC, DeBeers, P&G, Sahara group and TCS. It has partnered with global telcos such as British Telecom, VoIP firm iBasis, Belgacom and Verizon.
Tags
net 4 india, Madison, funding
Visit http://net4.in/
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