E2E Networks Signs ₹1,000 Cr Sovereign AI Deal, Appoints New CRO
E2E Networks signed a binding term sheet worth ~₹1,000 Cr with a Sovereign AI company for NVIDIA Blackwell GPUs and services, valid until June 2029. The company appointed Anand Ganapathy as CRO, Abhishek Shindadkar as Head, Founder’s Office, and Vinod Kumar as SVP, Field-CTO. Q2 FY27 revenue reached ₹2,238 million (up 410.8% YoY), with EBITDA at ₹1,715 million and PAT at ₹727 million.
The ₹1,000 crore contract and strategic leadership additions are material events that are expected to have a substantial impact on the company's future growth and market position.
The announcement details a significant contract win of ₹1,000 Cr and key leadership appointments, alongside strong financial growth, indicating a positive outlook for the company.
E2E Networks Limited has announced a significant development with the signing of a binding term sheet worth approximately ₹1,000 crore (excluding taxes) with an India-based Sovereign AI company. This agreement, valid until June 2029, is for NVIDIA Blackwell cloud GPUs and allied services, validating the company's long-term visibility and its ability to transition deployed capacity from a pay-as-you-go model to longer-term commitments.
In addition to this substantial contract, the company has bolstered its leadership team. Anand Ganapathy, formerly with IBM and Dell, has joined as Chief Revenue Officer, bringing over 27 years of enterprise sales leadership experience. Abhishek Shindadkar has been appointed as Head, Founder’s Office, with over 21 years of expertise in technology, research, and capital markets. Vinod Kumar has joined as SVP, Field – CTO, possessing over 20 years of experience in cloud infrastructure, HPC, storage, and enterprise technology.
The company also highlighted its technological advancements, including the introduction of Managed Endpoints & Model APIs for open-weight models and pay-per-token APIs for open-source models. Infrastructure upgrades feature InfiniBand H200 clusters, serverless inference, private VPC networking, Object Storage, and shared filesystems. The new VPC Connect feature enables secure, private networking for GPU instances and training clusters, providing enterprise-grade isolation.
Financially, for Q2 FY27, E2E Networks reported an operational revenue of ₹2,238 million, a significant 410.8% year-on-year increase and a 42.7% quarter-on-quarter increase. EBITDA stood at ₹1,715 million with a 76.6% margin, and Profit After Tax (PAT) was ₹727 million with a 32.5% margin. The company's Monthly Revenue Run-rate (MRR) as of September 2026 reached ₹751 million, showing a 13.4x growth over four years. Capital expenditure for FY26 was ₹696 million, including ₹5,334 million for GPUs deployed in May 2026.
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