ESDS SOFTWARE SOLUTION L Share price

ESDS Software Solution Ltd was incorporated as 'ESDS Software Solution Private Limited' dated August 18, 2005, issued by the Registrar of Companies, Maharashtra at Mumbai and thereafter, was converted into a Public Limited Company. The name changed to ESDS Software Solution Limited vide a fresh Certificate of Incorporation on July 8, 2021. Founded by the Promoter, Piyush Somani, the Company is amongst India's leading managed cloud service and end to end multi-cloud requirements provider. It has built a comprehensive cloud platform consisting of cloud infrastructure, well-architected solutions at reducing cost and providing safety, flexibility, scalability and reliability to enterprises compared with the traditional on-premise IT models. As part of portfolio, the Company offer (i) cloud computing infrastructure as a service (IaaS) which includes vertically auto scalable cloud technology platform and (ii) software as a service (SaaS) and managed services. The Company is a fully managed data centers and cloud hosting services in India. It operate business on an asset light model, which comprises ownership of computing hardware assets only, thereby allowing quicker scalability and reduced capital cost of operations. It offer products across diversified industries that include government ministries & companies and corporate entities across sectors such as BFSI, manufacturing, IT and ITeS, telecom, real estate, pharmaceuticals, retail and education and in several countries across the APAC region, Europe, Middle East, the Americas and Africa. In cloud services industry, the Company operates across Managed Cloud Services, Cloud IaaS, SaaS and Security Services. The Company own and operate 3 data centers in India, one in each in Navi Mumbai, Nashik and Bengaluru. Its data centers covers, an aggregate of 50,000 sq. feet across three locations in India. A data center is a dedicated physical infrastructure used to house computer systems, related storage systems and associated components. Data centers serve as the repository for IT equipment such as physical servers, storage subsystems, networking switches, routers and firewalls, as well as the cabling and physical racks used to organize and interconnect the IT equipment. A data center comprises of supportive infrastructure, such as power distribution and supplemental power subsystems. Application management services are an enterprise-wide endeavor providing governance designed to ensure applications run at peak performance and as efficiently as possible, with enterprise back office functions such as database, ERP, and SaaS cloud functions such as CRM. The Company was the first to offer a true Make In India cloud in the nation in 2011 when the nation only knew virtualization. It diversified portfolio to public, private, virtual private, hybrid cloud hosting solutions, community clouds, SaaS and managed services. Managed Services portfolio includes a diverse range of services to our customers, to complement day to day data management of IT services and cloud migration. As part of managed services, it offer 24x7 IT support, data back-up and recovery, migration services database admin services, SAP Basis, SAP HANA administration, security operations center (SOC) services, and disaster recovery services. As of June 30, 2021, the Company offer SAP HANA cloud services to over 150 organisations across multiple industries. The Company is planning to come out with an IPO to Public, comprising a fresh issue of Rs 322 crore shares and an Offer for sale by issuing upto 21,525,000 equity shares.