Published On: Thu, Mar 7th, 2019

Top 3 Data Centres for Banks and Financial Institutions in India

The datacentre is a crucial component for banks and financial institutions for hosting their business-critical data and applications. Nowadays, banking institutions in India are focusing on aspects such as global regulatory divergence.

data centre

In India, the RBI is taking a closer look at foreign investments, their recovery and resolution planning. Therefore, the central bank has introduced a dedicated framework for the resolution of stressed assets.

Moreover, the leading bank and other financial institutions in India are evolving with the changing customer needs and global trends.

Therefore, these institutions are leveraging innovative business practices and innovations such as:

 Open Banking in which financial institutions focus on creating a new set of API-based banking models.These models will help consumers transact, save and invest their money more securely and transparently.

 Segment-of-One Marketing, in which the banks keep track of customers’ preferences and purchase behaviour. This way, banks can create a personalised banking solution for individual customers.

 Mobile banking with AI-powered apps to attract millennials. These apps provide users with contextual, personaland predictive servicessuch as online wealth management and privilege banking.

As of 2018, global players such as Alibaba Cloud, Google, Microsoft and Amazon are keen on opening colocation data centres in India, to target major national and international financial institutions in the country.

On the other hand, major players in the colocation data centre services sector are stepping up their game too with their keen insights into the market conditions in India and state-of-the-art colocation services.

In this post, we have summarised a list of the three most influential data centre service providers in India for banks and financial institutions.

1. STT Global Data Centers India Private Limited

Leading the pack when it comes to reputable players in the datacentre space in India, STT GDC India boasts of a wide range of data centre colocation solutions in the country.

Formerly known as the Tata Communications Data Centres, STT Global Data Centres India Private Limited are industry leaders with an impressive array of data centre services.

Moreover, STT GDC India commands over 33% revenue market share. The organisation offers a suite of colocation services that provide cost-effective, scalable and secured data centre solutions to the modern businesses. As an industry leader, STT GDC India operates with a total facility area of 2.15 million sq. Ft. and have delivered more than 85 MW of IT load

With 15 state-of-the-art and energy-efficientdata centre facilities distributed across 8 Indian cities, their clientele includes some of the top Fortune 500 companies.

Further, their parent organisation STT GDC group has more than 70 data centres across 16 major global business markets including Singapore, China, India and the UK.

Key Features, Capabilitiesand Recognitions

• Multiple carrier-neutral, hyperscaleconnectivity options
• 15 state-of-the-art facilities across 8 cities.
• Most DCs are TIA 942 Rated & 3 or 4 compliant
• All data centres are ISO 27001, ISO 20000, ISO 14001 & TL 9000 certified
• IGBC LEED (Leadership in Energy &Environmental Design) & GOLD / CEEDA (Certified Energy Efficient & Data Center Award)
• 170MW power capacity
• Recently awarded with NORTH INDIA BEST EMPLOYER AWARD at the 13th Employer Branding Awards)
• Awarded the FROST & SULLIVAN COLOCATIONSERVICE PROVIDER OF THE YEAR at the 2018 India ICT Awards
• Awarded the BEST EMPLOYEE ENGAGEMENT PRACTICES at the HR Summit & Awards 2019
• Reliable, scalable and flexible colocation solutions with various options of the rack, cage, suite, containment and bespoke solutions
• 30 percent of DCs run on sustainable energy
• More than 1200 clients including Fortune-500 companies

2. Netmagic Solutions

Netmagic is a subsidiary of NTT Communications and is headquartered in Mumbai. Founded in the year 1998, the company was acquired by NTT Communications in the year 2012.

It primarily works as a multi-cloud hybrid IT solution provider, offering services such as Remote Infrastructure Management (RIM) to top MNCs across Asia-Pacific, Americas and Europe region.

Key Features and Capabilities

• Offers services including cloud computing, Disaster Recovery-as-a-Service (DRaaS), managed securityand software-defined storage
• Data centres equipped with FM-200 fire alarm, detectionand suppression systems
• ISO 27001, ISO 9001:2008 and ISO 20000-1 certifications
• Seven data centres located across Mumbai, Noida (Delhi-NCR), Bangalore, Chennai and Delhi.

3. CtrlS

CtrlS is reckoned as the largest Tier-4 data centre and managed services provider in the Asia Pacific. The company operates five state-of-the-art facilities in Hyderabad, Noida, Mumbai, Bangalore and Chennai.

CtrlS offers someplatform-level services, including data centreinfrastructure, hardware, OS layers, storage, backup, network and security layers.

Key Features and Capabilities

• OffersPrivate cloud-on-demand, Managed services and Disaster Recovery on demand
• More than 3,500 MNCs as clients
• Their new 100 MW Hyperscale data centre facility in Mumbai would spreadacross one million sq. ft and would have a capacity to host 50,000 racks of servers

Datacentres are Your Business’ Life Line

Investing in a top-notch data centre is the first requirement for banking and financial institutions. Without a fast and secure interconnected carrier network and data storage facility, banks would face a tremendous amount of operational difficulties regarding user data and financial transactions.

Therefore, datacentres are a must for developing and sustaining an excellent business infrastructure that combines some functionalities such as power access, connectivity, latency and bandwidth.

About the Author

- Paul Linus is an eminent online journalist who has been writing news, features and editorials on different websites from across the world for about a decade. He can be contacted at knowledgeherald@gmail.com

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