esds are providers of webspace to small businesses similar to godaddy. Mid and large businesses use cloud services or their own server.
As per my knowledge listed IT services had tie up with Amazon web services, Azure from microsoft and google cloud. Webspace providers are like commodities and scale is too small for listed IT companies in the same space as esds. HCL deals in server etc (Hardware) which those companies use.
esds has plans to list in sme ipo sometime back – don’t know recent progress.
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