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Netmagic CEO Receives ‘UDYOG RATTAN AWARD’ By Institute Of Economic Studies Recognized The Company With The Excellence Award

May 02,2016

Mumbai, 2nd May, 2016: Netmagic, an NTT Communications Company and India’s leading Managed Hosting and Cloud Service provider, today announced that the Company’s MD & CEO Sharad Sanghi, has been conferred the ‘UDYOG RATTAN AWARD’ for outstanding performance in the field of Industrial Development of the country at the Economic Development Seminar organized by the Institute of Economic Studies (IES). The Company also received the Excellence Award from IES.

The ‘UDYOG RATTAN AWARD’ is granted by the Institute of Economic Studies (IES) affiliated with the Government of India and the selection is done by an independent eminent jury. IES selection process takes into account close monitoring of various facets of economy and the individual contribution of various companies and business leaders.

"We are extremely honored to be recognized by the Institute of Economic Studies," said Sanghi. "We dedicate this award to the more than 1100 dedicated Netmagic associates across the nation, who embody the spirit to innovate as a leader in private, public & hybrid cloud services, security and managed hosting offerings. This recognition reaffirms that our focus on operational excellence and delivering customer value is a strong differentiator in the marketplace."

Other recipients of the award include eminent dignitaries from social and industrial fields, including S.D. Shibulal (MD – Infosys), Anoop Kumar Mittal (MD – NBCC), Naresh Goyal (Chairman – Jet Airways), Sunita Sharma (MD – LIC Housing Finance) amongst others.

“We are proud to honour Sharad Sanghi for being a pioneer in the ICT development, with his passion towards technology innovation and value creation with a very high standard of transparency and corporate governance,” said Mr. Yogendra Prasad, President of Institute of Economic Studies.

The IES is one the premier research-oriented and awareness-promoting organizations, that affiliate with the Government to celebrate the contributions of academicians, economists, parliamentarians and others in furthering the Indian economy.

About The Institute of Economic Studies (IES)

IES, a non-profit body and premier research-oriented and awareness-promoting organization was established in 1980 by a group of economists, parliamentarians and industrialists who came together to study and discuss problems concerning various aspects of the economy and economic development of India and offer their expert advice and services. For more information log on to

About NTT Ltd.

NTT Ltd. is a leading global technology services company bringing together 28 brands including NTT Communications, Dimension Data and NTT Security. We partner with organizations around the world to shape and achieve outcomes through intelligent technology solutions. For us, intelligent means data driven, connected, digital, and secure. As a global ICT provider, we employ more than 40,000 people in a diverse and dynamic workplace that spans 57 countries, trading in 73 countries and delivering services in over 200 countries. Together we enable the connected future. Visit us at our new website

About NTT-Netmagic

NTT-Netmagic, a wholly-owned subsidiary of NTT, is India’s leading Managed Hosting and Multi-Cloud Hybrid IT solution provider serving more than 2000 enterprises globally. Headquartered in Mumbai, NTT-Netmagic also delivers Remote Infrastructure Management (RIM) services to various enterprise customers globally across Americas, Europe and Asia-Pacific region. The Company was the first in India to launch services – Cloud Computing, Managed Security, Disaster Recovery-as-a-Service (DRaaS) and Software-Defined Storage. NTT-Netmagic has been recognized with 8 awards at the CIO Choice 2020, 2 awards at the Datacenter Dynamics India 2019, and Frost & Sullivan India ICT Awards 2018. To learn more, visit us at: