October 16, 2024

The Business Day

Latest news on business, economy, startups

PeakAir aims to provide advanced, high-speed internet and networking solutions to more cities and regions, enabling businesses and institutions to thrive with reliable connectivity and cutting-edge technology

PeakAir Pvt Ltd., a leading internet service provider (ISP) in Kerala and a co-developer of Smart City Kochi, specializing in high-speed connectivity and enterprise network solutions, has announced an ambitious expansion plan across the state. Through this expansion, PeakAir aims to provide advanced, high-speed internet and networking solutions to more cities and regions, enabling businesses and institutions to thrive with reliable connectivity and cutting-edge technology.

Speaking on the plan, Mr. Jijo David, CEO of PeakAir, said the expansion will include significant infrastructure investments, such as the deployment of new fiber optic networks and the introduction of advanced networking technologies. This initiative is set to bring PeakAir’s hallmark 99.9% uptime, robust customer support, and superior internet and network management services to key economic regions such as Thiruvananthapuram, Kozhikode, and Thrissur.

To accelerate growth, PeakAir’s investors are pursuing strategic acquisitions of smaller ISPs in the market. “In addition to organic growth, we have decided to fast-track our expansion through acquisitions of smaller players,” said Sunil Mampallil and George Thomas, lead investors at PeakAir. They also said the company is allocating up to 7 crores for its current expansion plans and aims to triple its revenue by the next financial year. This strategy will allow PeakAir to extend its reach, integrate complementary technologies, and enhance service offerings across the state.

Daji Thomas, General Manager of PeakAir, added, “With this growth, we aim to support the digital transformation of enterprises across Kerala, ensuring they have the infrastructure needed to thrive in an increasingly connected world.”

Currently, the company’s major revenue comes from Kochi, with a client base of more than 2,000, including corporate, SME, and other customers. This expansion plan is expected to increase our customer base fourfold. Mr. Jijo added.