IIFL is one of India’s top financial services companies and a pioneer in the retail broking industry. The company is backed by the Commonwealth Development Corporation (CDC) and General Atlantic, one of the world’s leading private equity companies. It is an integrated financial services group with more than 40 lakh customers across various categories – including retail broking (5paisa.com), institutional equities, financial advisory, housing finance, wealth and asset management, mutual funds, investment banking, real estate broking and financial product distribution.
What Was the Requirement?
With rising infrastructure needs, the company needed a cost-effective and scalable solution to manage its data archival. IIFL partnered with NTT–Netmagic to assess its needs, take the right infrastructure / vendor choices and migrate its entire data environment to the selected cloud infrastructure.
IIFL used traditional tape based backup to archive their data for the last 5 years at NTT-Netmagic Datacenter. This archival process involved moving large amounts of data to tapes, manual intervention and tape rotation, off siting and periodic retrieval of data – which was costly and time consuming and prone to errors which affected overall internal SLO & MTTR.
The solution needed to be easily maintainable, secure, cost effective, durable, Highly available, providing options for upload and retrieval of archive data. It also needed to be flexible enough to meet financial and compliance requirements.
Replaced tape based storage with web-scale storage solution – consisting of NTT-Netmagic SimpliVault (BaaS) powered by Commvault and AWS S3 Glacier for archival
Used Amazon Snowball for one time bulk migration of existing archives to Amazon S3 Glacier
AWS Direct Connect for ongoing data backup and long term archival and retrieval using Amazon S3 Glacier