Esconet Technologies Ltd. IPO

Esconet Technologies Private Limited, founded in 2012, is engaged in the business of meeting a wide range of IT requirements such as high-end supercomputing solutions, data centre facilities, encompassing storage servers, network security, virtualization, and data protection. Our comprehensive ... solutions cater to the needs of SMEs, large enterprises, and public sector clients. Furthermore, Esconet extend its capabilities into the cloud services domain through its wholly owned subsidiary, ZeaCloud Services, ensuring that our clients have access to cutting-edge technology and a seamless IT infrastructure experience. Throughout this journey, Esconet has garnered not only experience but also the pool of clientele base of private and public sector organizations mentioned below. This positive evolution showcases our commitment to excellence, innovation, and comprehensive client support. As a trusted partner, we are delivering not just solutions, but tailored strategies that empower our clients to thrive in the rapidly evolving landscape of technology. ?Ministry of Defence ?National Informatics Centre-MeitY ?National Informatics Centre Services Inc. – MeitY ?Indian Institute of Technology ?Indraprastha Institute of Technology Limited ?Bharat Electronics Limited ?Oil & Natural Gas Commission Limited ?Engineers India Limited ?Hindustan National Glass & Industries Limited etc. Recognizing the demand in the Indian market, Esconet introduced its brand, HexaData, specializing in high-end Servers, Workstations, and storage systems. Additionally, Esconet's strategic collaboration with NVIDIA has resulted our growth in the Artificial Intelligence (AI) and Machine Learning (ML) domain, enhancing our servers and workstations. Read more

Our Company was originally incorporated on March 30, 2012 as a Private Limited Company as “Esconet Technologies Private Limited” vide Registration No. 233739 under the provisions of the Companies Act, 1956 with the Registrar of Companies, National Capital Territory of Delhi and ... Haryana. Pursuant to a special resolution passed by our shareholder in the Extra – Ordinary General Meeting held on August 09, 2023 main objects of the Company was altered and a Fresh Certificate of Incorporation was issued on August 18, 2023 by the Registrar of Companies, Delhi. Subsequently, pursuant to a special resolution passed by the Shareholders at their Extra-Ordinary General Meeting held on August 09, 2023, our Company was converted from a Private Limited Company to Public Limited Company and consequently, the name of our Company was changed to “Esconet Technologies Limited” and a Fresh Certificate of Incorporation consequent to Conversion was issued on September 21, 2023 by the Registrar of Companies, Delhi. The Corporate Identification Number of our Company is U62099DL2012PLC233739.

GLOBAL SUPERCOMPUTER MARKET OUTLOOK
The global supercomputer market is projected to increase at an impressive CAGR of 10.5% and hit a valuation of US$ 19 billion by the end of 2033, up from US$ 7 billion in 2023.

In comparison to a general-purpose computer, a supercomputer is a ... high-performance computer. Supercomputer performance is measured in FLOPS (Floating-Point Operations Per Second) rather than MIPS (Million Instructions Per Second). Supercomputers are employed in computation-intensive and data-intensive technological and scientific applications such as biomechanics, quantum theory, fossil fuel extraction, weather prediction, molecular dynamics, cryptanalysis, nuclear fusion research, and physical simulations. •The number of supercomputers in the world is growing. China currently possesses 167 of the world's 500 supercomputers, while the United States has 122. The growing use of supercomputers in the research and development of drugs and increased biotechnology adoption is likely to fuel the market growth during the forecast period. Supercomputers were extensively used to create drugs to combat the COVID-19 pandemic. Supercomputers were employed to scan a massive data volume in a few milliseconds to evaluate the coronavirus's nature and check if any components in existing medications could tackle the virus. •For example, as part of the European Union-funded EXSCALATE4CoV project in 2020, Sanzio and his Cineca team cooperated with 15 other partners and 24 associated members across Europe. To research the safest coronavirus treatments, the effort brought together four supercomputer platforms in Spain, Germany, and Italy, as well as Europe's leading pharmaceutical corporations and academic institutions. Due to the high-performance computing capacity of supercomputers and the combined capabilities of the project members, the research was completed in a matter of months. The consortium's supercomputers had already examined the interaction of the coronavirus with 400,000 medicinal compounds by the middle of 2020 to see which one could kill the virus and prevent it from growing. •In November 2020, the two Italian supercomputers, ENI's HPC5 and Cineca's Marconi-100, performed their most challenging work. In approximately 60 hours, they examined over 70 billion medicinal chemicals. Moreover, major companies' increased efforts in the research and development of supercomputers are bolstering market growth. •For example, Aurora, a supercomputer created in suburban Chicago by Intel in collaboration with the US Department of Energy's Argonne National Laboratory for AI research, will be two times faster than projected. As per Intel, the computer will be capable of doing two quintillion computations per second. GLOBAL SERVER & TRENDS The global server market size is anticipated to reach USD 175.29 billion by 2030, growing at a CAGR of 9.3% from 2023 to 2030, according to the latest study by Grand View Research, Inc. As businesses are moving to private and public clouds, the edge cloud, co-location facilities, and data centers have started utilizing software-defined networks (SDNs) and virtualization to facilitate the implementation of new data analytics models. However, having realized that the incumbent servers cannot handle the complex workloads, server industry players in the region are introducing new server designs with higher computational power. Newer applications that demand specific configurations and high computing requirements from users and service providers are increasing the adoption of cloud servers for efficient functioning. Enterprises are adopting virtual or cloud servers to enhance their global networking capabilities and cut operational and maintenance costs on their IT infrastructure. Additionally, cloud service providers have to invest significantly in the maintenance of cooling equipment as physical servers dissipate more heat. Due to this, provisions such as renting servers and virtualization have been gaining traction in recent years. Tower servers are often used for multiple applications, such as communication, network, and file servers. Tower servers are designed to be positioned on or underneath desks. These servers are flexible and easy to upgrade according to customer requirements. Furthermore, their simplicity and robustness favor their adoption across various applications. Moreover, the demand for low-heat and quick-cooling servers is increasing due to the volume of information stored on these servers. These factors are collectively expected to drive the segment during the forecast period. GLOBAL CLOUD SYSTEM MANAGEMENT OUTLOOK Cloud System Management Market Size was valued at USD 2.1 billion in 2022. The Cloud System Management market industry is projected to grow from USD 2.34 Billion in 2023 to USD 5.59 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 11.50% during the forecast period (2023 - 2032). Rapidly implementing virtualized workloads and improved productivity in the workplace are the key market drivers enhancing market growth. Market CAGR for cloud system management is driven by the rising the increasing demand for cloud services that streamline the administration of heterogeneous cloud infrastructures and the increased popularity of hybrid and multi-cloud strategies among enterprises of all sizes and industries. Increased interest in cloud-based technologies from a wide range of industries is helping to fuel the growth of the cloud systems management software market. With AIOps capabilities, businesses have access to a plethora of tools for automating their IT operations. Organizations are being encouraged to use AIOps solutions due to their capacity for root cause investigation, anomaly identification, and enhanced actionable insights. Companies that adopt AIOps solutions can foresee potential problems and prepare for them. These products assist businesses avoid the expenses caused with application and infrastructure failures. With the use of AIOps systems, businesses can automation alert distribution, problem tracking, and information-sharing. Additionally, in recent years, many businesses have invested a sizable percentage of their profits in their IT infrastructure. Additionally, Cost reduction, ease of management, dependability, flexibility, and strategic advantage are just a few ways cloud-based system solutions aid businesses. Also, corporations are hesitant to shift data to the cloud and instead choose on-premises infrastructure to keep critical information due to concerns over privacy and security. There have been many breakthroughs and innovations in cloud computing, but the biggest challenges have been security and interoperability. INDIAN SERVER MARKET India Server Market was valued at USD 1602.97 million in 2022 and is expected to register a CAGR of 7.19% during the forecast period, owing to a rapidly increasing investment in Data Centre due to increased usage of cloud services in the country. In order to stop the spread of COVID-19, India went into lockdown. This led to the country's remote working policy, which has been substantially backed by cloud computing solutions and enables employees to do jobs effectively from any place. On the cloud, such as businesses and governments can effectively handle a lot of data. These cloud services are, however, quite vulnerable to issues such as incorrect storage configuration, insufficient identity and access management safeguards, unsafe application programming interfaces (APIs), data loss, breaches, and leaks. These concerns will increase in importance as more businesses adopt cloud computing models, which is likely to spur development in the installation of suitable servers and the construction of suitable data centers. IoT is one of the most crucial connections for sensor and cloud server communication. Government Initiatives To open data centers (servers) in various states, the Indian government is considering a number of projects. For example, the UP-Data Center Policy FY2021 established a target investment of INR 20,000 Crores (USD 2.5 Billion) for the development of the 250MW data center industry. The establishment of data centers (servers) in all state areas will be made possible by this. The way we live is changing quickly as a result of technology and data has evolved into a fundamental requirement for urbanization. With more than 1 billion mobile devices and 45 million internet users, India's data center growth is outpacing that of the rest of the world. As a result of this initiative, other parts of India will start investing in the production of servers, which will drive the expansion of the country's server market. Read more