India AI Stock: Indian tech company partners with Nvidia for the AI revolution

Nvidia has become a leading company among the world’s best AI chip manufacturers. Today, the competition continues to heat up between the top companies like Intel and AMD. Their graphic processing units (GPUs) are very powerful and are being sought after in abundance by the growing artificial intelligence (AI) industry. This is because Nvidia’s chips provide the much-needed processing power for these advanced technologies.

The Indian firm manufactures Nvidia Grace CPU Superchip or GH200 Grace Hopper Superchip MGX server designs. They have constructed and produced more than ten different types of servers under the Tyrone series of AI systems. These servers are applied in different areas such as AI, high-performance computing and supercomputing.

Netweb produces top-notch computing systems under the 'Make in India' initiative, using the latest chips from Intel, NVIDIA, and AMD.

Driving the AI Revolution

Netweb Technologies India Limited is an Indian-based company which deals in High-end Computing Solutions (HCS). It makes and designs different high-performance products (HPC), among which are supercomputers, private cloud systems (HCI), AI systems, and powerful workstations. They also make fast storage and servers for data centres. They offer a complete set of products and services right from designing printed circuit boards up to the making of whole electronic systems. It would include clusters of supercomputers, cloud-based supercomputers, special storage systems, or computers with extra processing power.

Financials

The company’s operating profit for 2024 grew by 47% YoY and net profit rose by 61% YoY. The ROE stood at 29 and ROCE stood at 38.52. The company’s order book amounts to ₹411 crore in FY24 compared to ₹71 crore in FY23.

AI revenue grew by 2.6 times YoY, contributing 11% in FY24 compared to 7% in FY23 and it is expected to contribute 15-16% in the next business year. It is predicted to be 30% of total revenue in the next 4-5 years. Private Cloud and Supercomputing segments will match around 35% each.

Netweb launches high-end computing in Faridabad

The new facility signifies a major leap forward in manufacturing capacity for high-tech computing systems. Beginning with Printed circuit boards (PCB) design through surface mount technology to an assembly of complete systems, this shows India’s prowess in developing intricate technology products. It further underscores Netweb’s unwavering commitment to encourage innovation and increase self-reliance within India’s tech industry.

Price performance leading firms in AI chips

_Source: Finchat _

Conclusion

In a significant move towards high-performance computing, Netweb Technologies India Limited has partnered with NVidia. Through this partnership, they are now able to create AI and supercomputers that can easily help in the propagation of the AI revolution. Netweb is affirming its position as one of the leading technology firms in India through impressive business results coupled with a commitment to invention. Meanwhile, the opening of a new facility in Faridabad is another example of their efforts to enhance Indian technological prospects.