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Net 4 India Raises Rs. 150M From Madison India Capital

net4madBSE listed domain, hosting, bandwidth and data center service provider Net 4 India has raised Rs. 150 million from private equity firm Madison India Capital HC. On December 8, 2009, the company announced to the BSE that it had allotted 1,697,812 equity shares to Madison India Capital HC on a preferential basis. VCCircle reports this translates to 9.2% stake in Net 4 India.

Net 4 India Services, Competitors

Madison’s website states its typical investment consideration is $5 to $20 million. The PE firm invests in high growth, middle market companies, and Net 4 India is one of them: it posted a standalone net profit of Rs. 19.74 million over income of Rs. 272.85 million in the quarter ended September 2009. Headquartered at Noida, Net 4 has a pan-India presence with seven Internet data centres and 15 network points of presence. It offers VoIP services, Pay-as-you-Go E-mail, storage services for SMBs, data center outsourcing but is known as being one of India’s largest domain registrars. It is accredited by ICANN (Internet Corporation for Assigned names and Numbers) and offers domains such as domains .com, .net, .info, .in and .org. It competes with Rediff Book A Domain and the recently launched Indiatimes Domains. On the hosting and data center side it competes with the likes of Sify (Enterprise business) and Netmagic Solutions.

Net 4’s clientele list includes Dr Reddy’s, Essar, ITC, DTDC, ONGC, DeBeers, P&G, Sahara group and TCS. It has partnered with global telcos such as British Telecom, VoIP firm iBasis, Belgacom and Verizon.

Director Resigns

The company also announced Biba Sawhney’s retirement from the post of Director with immediate effect.

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