The distinction this list exists for: operating data-center capacity is exposure; using cloud services is not. The tiers and quotes keep the two apart.
Core — the theme IS a principal business todayGrowing — real operations, not yet the main businessAnnounced — committed plans or orders, little revenue yetMention-only — appears only as outlook language
RedingtonTrading & DistributorsMention-only₹27,361 CrP/E 16.5 vs 13.8ROCE 15.7%
Data center demand is cited as a tailwind for Redington's IT distribution revenue, but Redington distributes products to data center builders rather than operating data centers itself.
“Favorable market conditions, higher growth in mobility segment and emergence of data centers contributed to higher revenue growth during the year, in addition to double digit growth across all segments.”
Vikran EngineeringCivil ConstructionMention-only₹1,627 CrP/E 14.5 vs 15.3ROCE 9.4%
Data centers appear only as an aspirational target sector within VIKRAN's vision statement, with no current projects, revenue or operational capability disclosed.
“delivering complex and critical projects across power, renewable energy, water, transportation, data center and telecommunication sectors through engineering excellence, innovation and sustainable development”
Texmaco Infra & HoldgDiversified Commercial ServicesMention-only₹1,376 CrP/E 415.4 vs 15.1ROCE 1.2%
Data centers appear only as industry outlook commentary in the real estate opportunities section; the company does not build, own or operate data centers.
“Rising demand for quality residential and commercial spaces, industrial and logistics parks, and data centres is expected to create new avenues for growth.”
Data centres appear only in the context of a Union Budget tax policy for foreign cloud providers, not as DAM Capital's own business.
“the Government announced an income tax exemption until 2047 for eligible foreign companies providing cloud services through data centre infrastructure located in India, subject to serving Indian customers through domestic resellers.”
How this list is built
Definition used: Builds, owns or operates data centers, or provides cloud/hosting infrastructure at scale. A company merely USING cloud services does not qualify.Membership is extracted from each company’s newest annual report; every quote is validated against the report page before publishing, and core/growing tiers are confirmed by a second independent read (marked ). Companies whose reports our corpus hasn’t read yet simply aren’t listed — absence means unread, not “no exposure”.
MarketPing publishes facts, filings and measured history only — nothing on this page is investment advice, a recommendation or a rating.