Real estate entrepreneur Niranjan Hiranandani has announced that his son, Darshan Hiranandani, will take over as the leader of the Hiranandani Group. The company's operations encompass residential, commercial, and warehousing project sectors. Darshan, who holds a dual degree in entrepreneurship and finance from the Rochester Institute of Technology, currently oversees the group's Dubai real estate ventures and its energy division, H-Energy. He is poised to assume the position of Group CEO.
During a press conference in Mumbai, Niranjan Hiranandani stated that he would remain actively involved with the company while appointing Darshan as his real estate successor. He will serve in the role of deputy until his exit. This announcement underscores the group's commitment to steady growth and continued presence in the industry.
Expansion into Data Centre Business
Through Yotta Infrastructure the Hiranandani Group initiates data centre operations as part of its diversification strategy. The new arm will construct and run big-scale hyper-density data centers for enterprise customers. Yotta Infrastructure plans to launch its first data centre facility at Panvel in Navi Mumbai during the current fiscal year end. Yotta Infrastructure plans to build another data centre facility in Chennai.
The country of India leads all nations in its data consumption while providing the world's lowest data prices per gigabyte. Yotta Infrastructure works to serve customers by delivering economic data storage solutions. At Yotta we strive to establish data storage infrastructure as the least expensive option per GB available globally. The Panvel site data center will start operations by December 2019 according to Darshan Hiranandani.
Sunil Gupta directs Yotta Infrastructure as both Managing Partner and CEO of the company through his experience establishing more than 15 hyper-scale data centers across India. The company operates data center parks that span neighborhoods adjacent to large international fiber landing points totaling 50 acres in extent. Each data park facility includes space for more than 60,000 server racks and a power capacity of 500 MW. Yotta Infrastructure intends to develop scalable co-location solutions and power offerings for leading tech corporations including Google, AWS, Microsoft, Alibaba, and Netflix.
Yotta will introduce hybrid multi-cloud services in addition to providing IT management solutions together with security features and connectivity options for diverse business fields which include banking, retail, media, manufacturing and emerging technologies SaaS, IoT, AI and big data.
Group’s Growth and Achievements
Group CEO Niranjan Hiranandani emphasized the company's continued expansion through his observation that the business completed equal levels of projects between the previous 25 years and its most recent five-year period. Through acquisitions the group obtained more than 1,800 acres of Indian land with plans to establish a data center presence from it.
Real estate major Hiranandani Group began operations in 1978 after Niranjan Hiranandani co-established the business alongside his brother Surendra Hiranandani. One of the most well-known accomplishments of Hiranandani Group is their conversion of an abandoned quarry in Mumbai to create the bustling residential neighborhood of Powai township. The commercial and retail assets from Powai purchased Brookfield Asset Management for $1 billion in 2016. The House of Hiranandani Group which now operates under Surendra's leadership keeps shared ownership over Powai assets with his brother Niranjan.
Future Prospects
The Hiranandani Group maintains positive outlooks toward forthcoming government data localization laws because they view them as promising industry growth. According to Niranjan Hiranandani, this upcoming data localization and protection laws will drive demand for data storage making Yotta Infrastructure into a major industrial player.
Under the direction of Darshan Hiranandani together with their entrance into data centres the Hiranandani Group now continues the successful expansion path through innovative leadership into different business sectors.
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