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iBus eyes ₹2,000 cr in revenue, bets on digitization of buildings
Mint Hyderabad
|January 03, 2025
Bengaluru-based iBus Networks is aiming for a revenue of ₹2,000 crore in the next four to five years, with EBITDA (earnings before interest, taxes, depreciation and amortization) of ₹500 crore, as it looks to become an infrastructure tech company by offering digital solutions for last-mile connectivity.
Ram Sellaratnam, co-founder and chief executive officer (CEO) at iBus Networks, told Mint in an exclusive interaction that the company was looking at an EBITDA of around ₹120 crore by FY26, with a revenue ₹400-450 crore. For FY25, the company expects a revenue of nearly ₹290 crore.
The Morgan Stanley Infrastructure Partners-backed firm that specializes in offering Wi-Fi and internet connectivity within buildings, plans to ride the big demand for digitization of real estate across India.
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