Black Box aims to double its revenue to $2 bn in three years

Essar group’s IT solution provider Black Box (formerly AGC Networks) aims to double its revenue to $2 billion in the next three years, said Sanjeeb Verma, president and CEO, Black Box, in an interaction with FE on Tuesday.

Currently, the company is seeing an annual revenue run rate of about Rs 7,000 crore. It is looking to increase its margin to 10% over the next few quarters. In the second quarter, the company’s Ebitda (earnings before interest, taxes, depreciation and amortisation) margin was at 6.4%.