Netweb Technologies India Limited, a prominent domestic provider of high-end computing solutions, announced today that it sees significant growth opportunities in the emergence of DeepSeek, a new AI large language model platform. The company views this development as a potential catalyst for market expansion rather than a threat to its operations.
On the NSE, the shares of Netweb Technologies India Limited closed at ₹1,607.65, marking an increase of ₹146.15 or 10 per cent.
In a press release, Netweb pointed out three key factors that support its positive outlook: the potential for wider adoption of AI due to lower cost barriers, the company’s GPU-neutral solutions that can be integrated with platforms like DeepSeek, and alignment with government policies that promote indigenous AI development.
The company reported strong financial performance, with revenue growth surpassing 60 per cent in the first nine months of FY25. As of December 31, 2024, Netweb had an order book of ₹360.3 crore, along with additional L1 status orders of ₹348.1 crore and a pipeline of ₹3,814.9 crore.
Netweb’s business is diversified across three main segments: high-performance computing systems (over 30 per cent of revenue), private cloud & HCI (over 30 per cent), and AI systems (more than 14 per cent). The company, which went public in July 2023, operates a manufacturing facility in Delhi-NCR and maintains 18 offices across India.
Published on January 29, 2025.
