The fast growing storage hardware company worldwide had an aggressive year in India too as it beat the industry-growth rate to finish the year with about 600% growth in revenue terms (over 1200% growth in terabytes shipped) over last year. It was an action-packed year with major orders coming from telecom (Reliance, Tata, Hutch), BFSI (Citibank, CDSL) keeping the cash registers busy. The first quarter of 2004 proved exceptionally well as it raced away with more than Rs 60 crore worth of business.
Revamped the product portfolio with 11 new products in November
Announced $100 mn investment in India