At ManageEngine’s recently concluded CIO Meet in Chennai, Shailesh Kumar Davey, cofounder and vice president of engineering, at ManageEngine, told AIM that the company is planning to pour another 10 million dollars in investment in GPU and infrastructure in the next year.
Previously, the IT sister company of Zoho recently invested nearly $10 million in procuring GPUs from the influential GPU trio of NVIDIA, AMD and Intel.
“This investment supports running various medium and large language models for both Zoho and ManageEngine, with a focus on Indic languages,” Davey told AIM.
The focus on Indic language models along with the heavy investments in data centres across the country aligns with Zoho and ManageEngine’s overarching philosophy of making India one of its most popular markets.
“We are planning to open two more data centres in Delhi and Mumbai to cater to the needs of government and large enterprises,” Rajesh Ganesan, president of ManageEngine told AIM. Besides the Chennai data centre, this would be the second one in Mumbai but the first one in Delhi to focus on the demands of companies with complex regulation needs.
It is also going to set up new data centres in Dubai, Singapore, LATAM, and South Africa to comply with data privacy regulations. Currently, It has around 18 data centres and nearly 100 global POPs.
Growth Story
“The cloud portion of managing the business is growing at a clip of 65% compared to 2022. This growth is further complemented by a 30% (year-over-year) increase in the customer base from 2022 to 2023” said Ganesan. This is primarily driven by two key industries: IT and IT-enabled services, and the BFSI.
The traction in India has been notably significant, attributed to regulations enforced by the RBI. “We hope to continue this momentum, and soon, India will become the second largest revenue contributor for ManageEngine.”
In a previous interaction with AIM, Davey said that the company is experiencing dramatic growth in India, making it their second go-to market for growth after the US.
The company’s growth strategy aligns with Zoho’s principles, as Sridhar Vembu, co-founder and CEO told AIM, “Our goal is to create a world-class, top-five tech company, leveraging the talent pool we have. The common thread in all our investments is creating capabilities and R&D powering our products.”
ManageEngine focuses on serving the technology divisions within companies, particularly the IT departments, while Zoho focuses on other business lines like HR and finance. “The lines are blurring as every function inside an enterprise consumes its technology,” he added.
