New Delhi – 10th August 2016. Iron Mountain Incorporated® (ASX: INM, NYSE: IRM), the global leader in storage and information management services, has appointed Hitesh Gupta as its Managing Director for Iron Mountain India. In this role, Hitesh will steer Iron Mountain’s business in India during a period of fast change and ongoing expansion to help Iron Mountain deliver on its global strategy for growth.
Hitesh joins Iron Mountain from Writer Information Management, where he served as CEO for close to seven years. In that time, Hitesh proved himself a highly capable and successful leader as he oversaw the significant growth and geographic extension of Writer’s business country-wide.
The appointment of Hitesh is part of Iron Mountain’s rapid investment and expansion plan in India, which includes building a new management team and making strategic acquisitions to expand the company’s footprint in India.
Commenting on the new appointment, Ted Prittie SVP for Emerging Markets at Iron Mountain said: “Growing Iron Mountain’s presence in India underscores our commitment to deliver on Iron Mountain’s strategy of expansion through acquisition and to serve our customers locally, nationally and globally. Appointing Hitesh Gupta brings unique and invaluable experience of the Indian market to Iron Mountain that will help us deliver on our plan for aggressive growth in order to help our customers address their storage and information management challenges across the country.”
Hitesh is a seasoned executive having held senior roles in the finance and information management sectors for the last 20 years. Prior to his position with Writer, Hitesh had key roles with ICICI Bank, Centurion Bank of Punjab and Karvy finance. In his role as Managing Director for Iron Mountain India, he will have overall responsibility for Iron Mountain’s business in India, ensuring efficient and effective management of the business as the trusted guardian of Iron Mountain’s customers’ most valuable assets.
On taking up the post, Hitesh Gupta said: “I’m joining a great company with a rich history and a global reputation. I look forward to bringing my experience and understanding of the Indian market to the role. Businesses in most sectors here are maturing fast and, as they grow and succeed in India, they face increasingly complex information management challenges and requirements. It is an environment that demands the help and support of a trusted partner to protect and manage their critical information assets. I welcome the opportunity to bring best-in-class practices from the information management category leader to businesses in my country.”
Iron Mountain has been operating in India since 2006. Over that time, Iron Mountain has acquired record and information management companies NAX and Safehouse, and the records and tape management business of ITCL, India’s largest independent corporate trustee and fiduciary service provider. These strategic acquisitions and the recent global purchase of Recall have increased Iron Mountain’s customer base from 700 to 2,200 customers in India and doubled revenues in the past year. The company’s footprint has expanded to support more companies in more territories over the same time period, with a three-fold increase of storage space in its country-wide network of facilities from 3.9 to 12 million cubic feet.
“We are excited by the growth and potential in India,” continues Hitesh. “We will focus on partnering with large and mid-sized organizations across a range of highly regulated verticals such the Public Sector, Banking, Financial Services, Insurance and Telecoms. This vertical focus will be coupled with continued service to our global customers.”