Tata Comm aims $1 bn US business in 3 years
New Delhi: Tata Communications Ltd aims to grow its US business to $700 million-1 billion in three years, making it the company’s largest business after India, a top executive said. Integration of its acquisition of The Switch Enterprises that has premium clients, and the contribution of enterprise clients and hyperscalers to its connectivity business are expected to drive the growth. “After India, the US will turn out to be the second biggest market for us," Amur S.
Lakshminarayanan, managing director and chief executive officer said in an interview. He pointed to the hyperscalers and service providers it works with, and its acquisitions of Switch and Kaleyra in the US. “Our ambition would be how we make the US business to be $700 million-1 billion business kind of a size in the medium term, which is three years," he said.
While the company now segregates revenues for India and the international markets, it will begin to provide individual revenues for large international markets including the US in the coming quarters. In FY23, Tata Communications posted a revenue of ₹18,201 crore and for the six months ended September 2023, it recorded a revenue of ₹9,857 crore. Lakshminarayanan said the US market’s current contribution to overall revenue was far below $500 million, the halfway mark of the revenue expected from the American business in three years.
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