MAM
Cloudextel credit rating upgraded two notches to CARE A+; Stable
MUMBAI: Cloudextel has just received a signal boost and this time, it’s from the credit rating agency. Cloudextel, a leading Network-as-a-Service (NaaS) provider in India, announced that CARE Ratings has upgraded the rating for its long-term bank facilities to ‘CARE A+; Stable’ from ‘CARE A-; Stable’. This two-notch improvement reflects the company’s sustained growth momentum, improving profitability, and significantly strengthened financial profile.
The upgrade recognises Cloudextel’s consistent scale-up across its core segments, including small cell hosting, fiber network deployment, and Fiber-to-the-Home (FTTH) connectivity. Over the past two years, the company has delivered robust revenue growth, driven by surging demand for high-speed data infrastructure and the rapid rollout of 5G across India.
CARE Ratings highlighted the stability provided by long-term master service agreements with leading telecom operators and ISPs. These contracts, often featuring lock-in periods and exit penalties, offer high revenue visibility. The company’s improving operating performance and margin expansion, particularly from better realisations in small cells and robust fiber projects, were also key factors.
Cloudextel, CEO & Co-Founder Kunal Bajaj, of said, “This two-notch upgrade reflects our consistent focus on disciplined execution, financial prudence, and long-term vision. We have delivered robust growth while steadily reducing leverage.”
He added that the company has significantly expanded its footprint and strengthened ecosystem partnerships, positioning it well to support India’s digital transformation.
The rating action also takes into account Cloudextel’s disciplined capital management and reduced reliance on external debt, backed by continued equity support from marquee investors Macquarie Capital and Advencap.
In a sector where connectivity is everything, Cloudextel has strengthened its own signal with investors and lenders. The upgraded rating underscores the company’s emergence as a reliable and fast-growing player in India’s critical digital infrastructure space.
Brands
Radio City names Brijesh Magoo as national brand solutions head
Former Ishq FM programming lead to drive creative and revenue strategy
MUMBAI: Radio City India has appointed Brijesh Magoo as national head for brand solutions, strengthening its creative and content-led offerings as it looks to deepen advertiser engagement.
Magoo steps into the role after a brief stint as consultant for creative solutions at Radio City, where he worked on shaping integrated brand propositions. In his new position, he will lead the network’s creative solutions arm, focusing on building branded content, driving revenue opportunities and enhancing client partnerships.
He brings with him over a decade of experience across radio programming, content strategy and creative leadership. Most recently, he served as national programming head at Ishq 104.8 FM, where he led content strategy and programming initiatives at a national level.
During his time with Ishq FM, Magoo held multiple leadership roles, including national creative lead and head of programming, as well as programming head for Mumbai. His work spanned content development, audience engagement and format innovation, helping shape the station’s identity in a competitive radio landscape.
Prior to this, he spent six years at Red FM, rising from executive producer to assistant programming head, where he honed his skills in creative direction and on-air content strategy. He also had a brief stint as head of copy at Jack in the Box Worldwide, adding an agency perspective to his portfolio.
Magoo is an alumnus of Mudra Institute of Communications Ahmedabad, where he specialised in creative communications, and holds a degree in management studies from University of Mumbai.
His appointment signals Radio City’s continued focus on content-driven brand solutions, where storytelling and advertising increasingly go hand in hand. As audio platforms evolve beyond traditional broadcasting, Magoo’s blend of programming and creative expertise could help the network tune into new growth frequencies.
