When was Netmagic Solutions founded?

Netmagic Solutions was founded in 1998 and raised its 1st funding round 2 years after it was founded.

Where is Netmagic Solutions located?

Netmagic Solutions is headquartered in Mumbai, India. It is registered at Lighthall 'C' Wing, Hiranandani Business Park, Saki Vihar Road, Chandivali, Mumbai City, Mumbai, Maharashtra, India, 400072.

Which legal entities is Netmagic Solutions associated with?

Netmagic Solutions is associated with NETMAGIC SOLUTIONS PRIVATE LIMITED and 1 other.

How many employees does Netmagic Solutions have?

As of Jul 31, 2026, the latest employee count at Netmagic Solutions is 595.

Is Netmagic Solutions a funded company?

Netmagic Solutions is a funded company, having raised a total of $48.6M across 4 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on 2000.

How much is Netmagic Solutions worth?

The last known valuation of Netmagic Solutions was $***** as of Jan 25, 2012.

When was the latest funding round of Netmagic Solutions?

Netmagic Solutions' latest funding was a $***** Series B round on Jun 30, 2011, with participation from 4 investors.

What is the annual revenue of Netmagic Solutions?

Annual revenue of Netmagic Solutions is more than ₹1,000 Cr as on Mar 31, 2025

Where does Netmagic Solutions rank among its competitors?

Netmagic Solutions ranks 42nd amongst 856 active competitors, of which 77 are funded. It stands 6th in terms of total funding among its competitors. The most recent competitor to raise funding was CtrlS, which secured $28.2M in Feb, 2026.

Who are the top competitors of Netmagic Solutions?

Netmagic Solutions' top competitors include Oracle, Equinix and Dell. Among them, CtrlS secured the most recent funding round in February, 2026.

Netmagic Solutions - 2026 Company Profile, Team, Funding, Competitors & Financials

Netmagic Solutions is an acquired company based in Mumbai (India), founded in 1998 by Sharad Sanghi. It operates as a Data center colocation and cloud infrastructure provider. Netmagic Solutions has raised $48.6M in funding from investors like NGP Capital, Nexus Venture Partners and Cisco Investments, with last known valuation of $*****. The company has 856 active competitors, including 77 funded and 233 that have exited. Its top competitors include companies like Oracle, Equinix and Dell.

Company Details

Data center colocation and cloud infrastructure provider. Its services cater to a range of industries and offer a suite of solutions for data center infrastructure lifecycle management. It offers colocation with racks, cabinets, and cages in its data centers. It also delivers services to plan, design, manage, support, and migrate IT infrastructure running mission-critical applications. Its IaaS services include public cloud, hybrid cloud, managed security & and cloud object storage.

Website: www.netmagicsolutions.com
Social
Part Of
Registered Address: Lighthall 'C' Wing, Hiranandani Business Park, Saki Vihar Road, Chandivali, Mumbai City, Mumbai, Maharashtra, India, 400072

Key Metrics

Founded Year

1998

Location

Mumbai, India

Stage

Acquired

Total Funding

$48.6M in 4 rounds

Latest Funding Round

Series B, Jun 30, 2011, $*****

Last Known Valuation

$***** as on Jan 25, 2012

Investors

NGP Capital & 20 more

Ranked

42^nd among 856 active competitors

Annual Revenue

₹1,000+ Cr as on Mar 31, 2025

Employee Count

595 as on Jul 31, 2026

Investment & Acquisitions

ActOnCloud

Similar Companies

Oracle & 879 more

Exit Details

Acquired by NTT Communications (Jan 25, 2012)

View Netmagic Solutions' full profile

Netmagic Solutions is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
NETMAGIC SOLUTIONS PRIVATE LIMITED CIN: U73900MH1998PTC116053 , India, Active	Jul 30, 1998	₹1,000+ Cr (As on Mar 31, 2025)	21 (As on Aug 31, 2025)
NTT GLOBAL DATA CENTERS & CLOUD INFRASTRUCTURE INDIA PRIVATE LIMITED CIN: U72900MH2005PTC153896 , India, Active	Jun 10, 2005	₹1,000+ Cr (As on Mar 31, 2022)	1515 (As on Mar 01, 2026)

Netmagic Solutions got acquired by NTT Communications on Jan 25, 2012 at an acquisition amount of $*****.

Click here to take a look at Netmagic Solutions's acquisition in detail

Netmagic Solutions has raised a total funding of $48.6M over 4 rounds. Its first funding round was on 2000. Its latest funding round was a Series B round on Jun 30, 2011 for $*****. 4 investors participated in its latest round. Netmagic Solutions has 13 institutional investors and 8 angel investors.

Here is the list of recent funding rounds of Netmagic Solutions:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 30, 2011	7181230	Series B	9519047	1702627	2965816	2145451
Oct 05, 2010	9016758	Series B	4471967	6212770	3943157	Nexus Venture Partners & 2 more
Jan 24, 2008	1307708	Series B	8906143	6197736	Nexus Venture Partners & 1 more	Fidelity

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View details of Netmagic Solutions's funding rounds and investors

The founders of Netmagic Solutions is Sharad Sanghi.

Here are the details of Netmagic Solutions' key team members:

Sharad Sanghi: Former Founder of Netmagic Solutions.
Contact Info: 1 phone number

Netmagic Solutions' Board of Directors

Netmagic Solutions's board has 10 active members. Sharad Sanghi, Sunil Gupta, Hideki Kurihara, Shigeki Hayashi, Yogesh Martand Vaidya and Nitin Laxmikant Mishra are part of team and Shekhar Sharma, Takahiro Wada, Varghese Thomas and Kiyoshi Maeda are independent board members.

Here is the list of Netmagic Solutions' board of directors:

Name	Type	Representing	Status	Duration
Sharad Sanghi	Team	-	Current	21y 0m
bagwtji	Team	-	Current	6y 7m
xlrcwbp	Team	-	Past	5y 2m
prfbase	Team	-	Past	6y 2m
ztooxab	Team	-	Past	5y 1m
hcbf{te	Team	-	Past	9y 5m
tqasabe	Team	-	Past	5y 1m
ypcdmwy	Investor	-	Past	4y 3m
hqyqzkc	Investor	fxcwy{{	Past	9y 6m
zqyenou	Investor	xzfpzpf	Past	3y 9m
Kiyoshi Maeda	Independent board member	-	Current	8y 3m
wrgowtg	Independent board member	-	Past	9y 1m
g{dqirs	Independent board member	-	Past	3y 7m
tbtgxp{	Independent board member	-	Past	8y 1m
mqhczah	Independent board member	-	Past	3y 6m
lxdiobq	Independent board member	-	Past	9y 7m

View details of Netmagic Solutions's Founder profiles and Board Members

Netmagic Solutions' employee count trend

Netmagic Solutions has 595 employees as of Jul 26. Here is Netmagic Solutions's employee count trend over the years:

Employee count trend for Netmagic Solutions

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Top competitors of Netmagic Solutions include Oracle, Equinix and Dell. Here is the list of Top 10 competitors of Netmagic Solutions, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Oracle 1977, Austin (United States), Public	Hybrid cloud infrastructure platform	-	Europa, Signal Lake & 32 others	83/100
2nd	Equinix 1998, Redwood City (United States), Public	Operator of data centers providing colocation and network interconnection services	$175M	Etrade, Europa & 18 others	81/100
3rd	Dell 1984, Round Rock (United States), Public	Provider of enterprise servers and cloud solutions	-	Bank of America, CampVentures & 11 others	81/100
4th	IBM 1911, Armonk (United States), Public	Provider of hybrid cloud, artificial intelligence, and consulting services	-	OSTI, National Oceanic and Atmospheric Administration ... & 22 others	80/100
5th	DigitalOcean 2011, New York City (United States), Public	Provider of cloud infrastructure, virtual machines, and managed database hosting	$174M	Access Industries, Andreessen Horowitz & 46 others	80/100
6th	DataBank 2005, Dallas (United States), Acquired	Provider of colocation, cloud, bare metal, interconnection, and managed services	$2.44B	IMCO, AustralianSuper & 14 others	77/100
7th	Hewlett Packard Enterprise 2015, Houston (United States), Public	Provider of edge-to-cloud solutions, products, and services for enterprise organizations	-	Europa, Kleiner Perkins & 2 others	75/100
8th	Nutanix 2009, San Jose (United States), Public	AI powered cloud management software for enterprises	$317M	Sapphire Ventures, Goldman Sachs & 31 others	75/100
9th	Alibaba Cloud 2009, Hangzhou (China), Unfunded	Hybrid cloud and business intelligence platform for enterprises	-	-	70/100
10th	CtrlS 2008, Hyderabad (India), Series A	Operator of interconnected facilities providing colocation, cloud, and managed services	$128M	Oz Management, Andhra Bank & 14 others	70/100
42nd	Netmagic Solutions 1998, Mumbai (India), Acquired	Data center colocation and cloud infrastructure provider	$48.6M	Cisco Investments, Eight Roads Ventures & 19 others	59/100

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Founders own 40.67%, Funds (largest shareholder) own 45.97%, Other People own 5.83% and ESOP Pool own 7.53%. The net worth of Netmagic Solutions's founders is INR 156Cr as of Jun 30, 2011.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	40.67%	156Cr	1003250	8458087	2649002	7564331
Fund	45.97%	176Cr	2925388	8602282	9651112	6557093
Nexus Venture Partners	3747442	5498238	4642190	6176906	9524507	2025659
Eventures India	1104033	8207853	5987356	2688815	5624429	1571093
NGP Capital	1094433	5761663	9768896	7900766	1987618	1768735
Cisco Investments	5471	1581	5825	3221	4470	5769
Other People	5.83%	22.3Cr	74144	16280	25271	80755
ESOP Pool	7.53%	28.8Cr	6372197	9831857	7997480	2388167
Total	100.00%	383Cr	2351762	8510039	9394805	1770159