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
Aptronix unveils ‘Big & Beyond’ campaign, opens largest store in Hyderabad
Naga Chaitanya, Sobhita front push as retailer expands premium Apple experience
HYDERABAD: Aptronix has rolled out its most ambitious brand push yet with the launch of the ‘Big & Beyond Aptronix’ campaign, alongside the opening of its largest retail store in India.
The campaign features actors Akkineni Naga Chaitanya and Sobhita Dhulipala as brand faces, signalling a sharper focus on aspirational, experience-led retail as the company scales its presence in the premium Apple ecosystem.
At the centre of the rollout is a new 8,000 sq. ft. flagship outlet at Sarath City Capital Mall, now the largest Aptronix store in the country and among the biggest Apple Premium Reseller formats in India. The space is designed to offer immersive product discovery, personalised guidance and integrated service support, positioning the store as more than just a point of sale.
The campaign itself leans into themes of scale, ambition and accessibility, aiming to connect with a younger, increasingly design-conscious generation of Apple users. By pairing celebrity appeal with in-store experience, Aptronix is looking to deepen emotional engagement while reinforcing its premium positioning.
A key pillar remains its ‘Limitless Aptronix Exchange’ programme, which offers customers simplified upgrade paths, transparent pricing and wider access to Apple devices. The initiative has been central to driving adoption by making high-end technology more approachable for a broader audience.
Premium Lifestyle and Fashion founder & owner Sutinder Singh said the new store reflects a long-held belief that Indian consumers should have access to the best Apple retail experience without compromise. He added that the campaign’s celebrity faces mirror the brand’s core values of elegance, ambition and confidence.
Aptronix CEO Meghna Singh said the ‘Big & Beyond’ theme reflects how the company operates, with a focus on building a best-in-class retail experience. She noted that the Hyderabad launch and the campaign together signal Aptronix’s intent to set new benchmarks in the category.
With this dual push of scale and storytelling, Aptronix is not just expanding its footprint but also redefining how premium tech retail is experienced in India.
