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Nishant Rathi, Founder and CEO, NeoSOFT
IT consulting and software development company, NeoSOFT plans to grow its cloud infrastructure business NeoNXT into a ₹500 crore business within the next three years, according to CEO Nishant Rathi. The company recently sold its data centre business, Web Werks, to global data and information management company Iron Mountain in a ₹1,400 crore deal.
Nishant Rathi, the company’s Founder, explained, “We are building a cloud infrastructure business, incubated under NeoSOFT with the brand name NeoNXT. We plan to keep it as a separate entity. NeoSOFT has a decentralised DevOps practice and works across AWS, Azure, GCP, and native cloud platforms. Previously, we only handled consulting while our data centre business handled infrastructure deployment. With NeoNXT, we aim to build our own public and private cloud platforms while supporting current public cloud platforms.”
He added that clients in India, the Middle East, the US, and elsewhere increasingly want data hosted within their countries. NeoNXT differentiates itself from major cloud companies with better pricing, superior support, and localised data hosting.
“Personalised support is lacking with larger cloud providers. In our model, clients work directly with the digital infrastructure provider, with NeoSOFT consulting and managing the transition and scale-up. Our consultative approach, migration support, and long-term planning give us a competitive edge,” Rathi noted.
Data sovereignty is increasingly mandated by governments, with India also mandating banks and insurance companies to keep all data within the country. The same applies to government platforms like the MeitY cloud. India is also investing in self-sustaining systems to reduce dependence on external players during geopolitical tensions. “That’s the premise behind our cloud platform,” said Rathi.
The Founder also mentioned that the company collaborates with several Indian PSUs and government agencies. At present, it operates in 7–8 States, with plans to expand its reach further.
“Government agencies are among the largest digital infrastructure spenders, and we provide personalised support where we have offices,” he said.
In the first year, the company will focus on building infrastructure and onboarding anchor clients, with government contracts expected to become a key revenue driver by the second and third years. NeoNXT has a dedicated team in place, which it plans to scale up to 250 members by the end of the year.
Headquartered in Mumbai, the company is also eyeing a public listing via an IPO within the next two to three years. It is targeting 30 per cent year-on-year growth with stable or improving margins and is actively exploring acquisitions in India, Eastern Europe, and Africa to strengthen its capabilities and expand its footprint.
Currently, NeoSOFT has nine delivery centers across India—Mumbai, Pune, Bengaluru, Hyderabad, Indore, Noida, Chennai—with offices in Dubai, the US, and Europe. While it primarily serves customers in India, it has a market presence in North America, the Middle East, and Europe.
Most of the company’s 4,000 employees are based in India, with 4–5 per cent of the workforce located in Dubai and other countries.
Published on May 14, 2025
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