AIM Research · specialised in data and AIIndependent · Analyst-led · Vendor-neutral

    Vendor passport · Updated Nov 2026

    ESDS

    Sovereign Cloud Infrastructure Providers (India)

    Placed in 1 PeMa market and a Leader in 1 of them, with its strongest showing in Sovereign Cloud Infrastructure Providers (India).

    1

    PeMa market

    1

    Leader placements

    1

    AIM reports

    2005

    Founded

    Nashik, Maharashtra

    Headquarters

    Where it sits, market by market

    Each card shows its position against everyone else in that market's latest study.

    1Leader
    0Seasoned
    0Challenger
    0Growth

    Profile

    About ESDS

    ESDS Software Solution is a Nashik-based cloud and data centre company founded in 2005.

    It runs data centres in Nashik, Mumbai, Bengaluru and Mohali and offers sovereign cloud services, including its Swaraj Cloud and a sovereign AI cloud, along with managed services, security and banking software for government, banking and enterprise customers. It is empanelled by MeitY for government cloud work. In September 2026 ESDS listed on the NSE and BSE after a Rs 720 crore IPO subscribed about 136 times, with most proceeds earmarked for cloud computing equipment. Its sovereign cloud offers are aimed at government and banking workloads that must stay within India, supported by its own data centre footprint. AIM Research places ESDS as a Leader in the Sovereign Cloud Infrastructure Providers (India) market, where its government references and new capital support further capacity growth.

    Steady

    Website esds.co.in

    Buyer signals

    What changed lately

    ESDS
    ESDS●

    ESDS lists on NSE and BSE at a 76% premium after Rs 720 crore IPO

    ESDS Software Solution made its stock market debut after a Rs 720 crore IPO priced at Rs 429 per share, which drew bids of about 136 times the shares on offer. Shares opened at Rs 757 on NSE and then hit the upper circuit. The offer documents set aside most of the proceeds for cloud equipment at its Indian data centres.

    Buyer takeawayA listed ESDS with fresh capital and public disclosure obligations gives sovereign cloud buyers more visibility into its finances and capacity build-out.

    Shortlisting a sovereign cloud infrastructure providers (india) partner? Get an analyst-reviewed shortlist built from PeMa evidence.

    Build my shortlist →

    Reports featuring ESDS

    1 AIM Research report

    All reports →

    Analyst scorecard

    Scores, strengths and buyer signals

    Market names and placements are public. Scores and buyer signals are for signed-in buyers.

    MarketPlacementPenetrationMaturityBuyer signal
    Sovereign Cloud Infrastructure Providers (India)Leaders

    Buyers only

    Sign in to see the full scorecard

    Free for enterprise buyers with a work email.

    Sign in →

    Frequently asked

    Questions about ESDS

    ESDS Software Solution is a Nashik-based cloud and data centre company founded in 2005. It runs data centres in Nashik, Mumbai, Bengaluru and Mohali and offers sovereign cloud services, including its Swaraj Cloud and a sovereign AI cloud, along with managed services, security and banking software for government, banking and enterprise customers.