Global technology companies are making significant investments in India's AI infrastructure, positioning the country as a frontier AI nation. Microsoft announced its largest investment in Asia at US$ 17.5 billion over four years (2026-2029) to advance India's cloud and AI infrastructure, while Google recently announced a US$ 15 billion investment over five years (2026-2030) to establish a comprehensive AI ecosystem. According to reports from The Financial Express, these investments are driven by India's lower infrastructure costs versus the West, rising AI demand, data localisation rules, renewable power availability, and geopolitical diversification away from concentrated regions.
Netweb Technologies stands out as India's only full-stack domestic provider for high-end computing systems, uniquely positioned to power the AI transition. The company reported strong financial performance with net sales growing from ₹4,450 million in March 2023 to ₹11,490 million in March 2025, representing a 58.7% growth. For Q4 FY26, revenue from operations stood at ₹7,737 million, growing 86.6% year-on-year, while net profit reached ₹706 million with a 65.7% YoY growth. As reported by The Financial Express, the AI segment grew 459.6% YoY, contributing 43.4% of total revenue in FY26, with the company maintaining a firm order book of around ₹21 billion.
HFCL has positioned itself as a major player in India's optical fiber cable industry, expanding into global high-capacity fiber solutions. The company reported revenues of ₹18,241 million in Q4 FY26 compared to ₹8,007 million YoY, with net profits reaching ₹1,852 million versus losses in the previous year's March quarter. According to The Financial Express, HFCL is set to increase its Optical Fiber Cable manufacturing capacity to 43 million fkm by June 2026, having already doubled production from 14 million fkm to 28 million fkm. The company maintains a total order book of ₹134.83 billion across its OF, OFC & connectivity solutions business.
KRN Heat Exchanger and Refrigeration is well-positioned in the global AI data center boom, manufacturing cooling infrastructure for AI servers. The company reported revenues of ₹4,298 million in March 2025, showing 39.4% growth from the previous year. In Q3 FY26, 15% of revenue originated from AI data centers, with consistent order flow in the last two months. As reported by The Financial Express, the company is in an aggressive capacity expansion phase, targeting a 6 times capacity expansion and strategic pivot into high-growth segments like data centers and electric vehicle cooling. The management expects data centers to drive growth over the next 3-4 years.
Cummins India supplies backup power solutions through gensets for data centers, with data centers accounting for approximately 25% of power generation revenue in Q3 FY26. The company reported net sales of ₹103,907 million in March 2025, growing 15.4% from the previous year. In Q3 FY26, the power generation segment grew nearly 49%, almost entirely driven by data center projects and hyperscale inquiries. According to The Financial Express, Cummins India serves 300+ unique data center customers across 51 countries, positioning it well for the expected growth in AI and hyperscale data center capacity over the next 5-7 years.
