ESDS Software lists, eyes $5B by 2031 from GPU rentals

Business Oct 21, 2026

ESDS Software just went public and has set its sights on hitting $5 billion in revenue by 2031, largely by renting out high-performance chips/GPU capacity, alongside data centers and other IT services.

Chairman and Managing Director Piyush Somani is pretty confident, saying that even grabbing 1% of the market could get them there.

ESDS signs $1.25B GPU deal

The company expects GPUs to bring in about 75% of its revenue, thanks to booming demand for AI and cloud tech.

Their recent $1.25 billion GPU rental deal with Sharon AI is a major step, though they admit there are risks if clients back out.

ESDS market value ₹16,800 crore

ESDS's stock soared after its IPO, its market value was ₹16,800 crore.

While they're up against giants like Amazon and Google and dealing with things like power shortages and rising GPU costs, they're betting India's digital growth will keep driving demand for their services.