Web Werks announced the appointment of Mr. Durgesh Pandey as its Chief Finance Officer (CFO). In his new role, he will be responsible for the management of all financial processes in India for all the legal entities, partnering in the formulation of the overall organisation strategy & facilitating business growth. Owing to his rich and valuable experience, he will be a pivotal member of the senior management team.
With 18 years of enriched work experience across sectors such as Data Center, Telecom, Real Estate and Renewable Energy, he has taken leadership roles of increasing responsibility and is a financial leader with a proven track record of delivering profitable growth for various businesses he has been associated with. His experience also includes heading the finance function for Nxtra Data Limited (Data Center arm of Bharti Airtel Limited) for over three years as well as firms such as Aircel, Airtel and Emaar MGF. His expertise in performance analysis of actual with target, preparation of long-range plan including annual operating plan will drive business heads in various business-sensitive and strategic projects.
“Web Werks is at a very exciting stage of growth and I believe that his flawless credentials, extensive skill and proven track record will help drive our vision.He will be responsible for accounting, treasury, financial planning and analysis, tax, and investor relations,” said Nikhil Rathi, CEO and Founder of Web Werks, India.
“I am both honoured and excited with the prospect of joining Web Werks as Chief Finance Officer. I look forward to furthering Web Werks’ mission of contributing to the digital economy, strengthening partner ecosystem, by cultivating a seamlessly interconnected ecosystem of the world’s leading business.” said Durgesh Pandey, Chief Finance Officer of Web Werks, India.
In February 2021, Web Werks entered into a joint venture with Iron Mountain wherein it raised $150mn to fuel the data center expansion in India. The focus is placed on further developing its three existing markets immediately along with an expansion into Bengaluru, Hyderabad, and Chennai. Post the announcement, Web Werks bought a land parcel for a 2nd 12.5MW data center in Mumbai, alongside another 50MW in the offing. Web Werks has signed MoU’s with the Karnataka and Tamil Nadu governments for an investment of 750Cr and 700 Cr respectively. Each of the upcoming data centers will have a potential of up to 20 MW with further expansion possibilities to cater to the increasing demand from hyperscalers and enterprise customers.
