Commtel Aims for Rs 500 Crore Revenue by 2024

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Commtel has expanded its scope to provide better performance and predictability using the most advanced Artificial Intelligence and Machine Learning technologies through their application, CN-SHIELD. 

Aiming to generate up to 50% of its revenue from AI-based solutions in the next 4 to 5 years, it aims to double 2024 revenues to Rs 500 Crore. The inclusion of the AI business will increase the overall business margin (EBIDTA) from 17 to more than 25 percent.

CMD of Commtel, Shriprakash R. Pandey, said “By the end of this year, Commtel aims to increase its revenue from the current Rs.280 crore to Rs.350 crore and begin to monetize its AI-based solutions. The company expects to attain Rs.500 crore in revenue in fiscal 2024. The AI solutions are expected to generate Rs 100 crore for the company during this period.”

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The company has served more than 300 customers across different sectors and has deployed over 100,000 industrial IoT devices, 50,000 addressable nodes operating on about 115,000 km of dedicated optical fiber networks. It has built its AI solution on nybl’s platform, the UAE-based deep tech company democratizing AI in which it also holds a minority stake. 


 

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