Mumbai/Gurugram, India, June 1, 2026 — Black Box Limited (BSE: 500463 | NSE: BBOX), a leading global digital infrastructure integrator, and AIONOS, an AI-native enterprise technology company, today announced a strategic alliance to help enterprises accelerate AI transformation; from infrastructure build-out to measurable business outcomes.

The alliance combines Black Box’s expertise in digital infrastructure, including data centers, network connectivity, modern workplace solutions, and managed services, with AIONOS’s applied AI platforms and domain-led solutions, enabling organizations to build, deploy, and manage AI with security and resilience embedded at every layer.

CP Gurnani, Co-Founder & Vice Chairman, AIONOS said, “India is at an extraordinary inflection point. We are not just consuming AI, we are building it, exporting it, and setting the agenda for how the world deploys intelligent technology at scale. This alliance between AIONOS and Black Box is a direct expression of that belief. Black Box brings the digital infrastructure engine spanning data centers, enterprise networks, and IoT across 35+ countries, and together we cover the entire journey from the physical layer to the AI application layer.”

The two companies will jointly collaborate in developing industry-focused solutions and expanding go to-market opportunities across India, North America, EMEA, and APAC. In India, a key focus area will be the rapidly expanding Global Capability Centre (GCC) ecosystem, where the alliance is uniquely positioned to help GCCs build AI-ready infrastructure, deploy enterprise-grade AI solutions, and create intelligent, scalable operations that integrate seamlessly with their global parent organizations.

“AI transformation begins with a strong digital foundation, and Black Box enables that foundation through mission-critical infrastructure, connectivity, and managed services that power enterprise operations worldwide. Combined with AIONOS’s applied AI platforms and domain expertise, we can help organizations move from AI ambition to AI at scale, connecting infrastructure, operations, and intelligence to create measurable business value.” said, Sanjeev Verma, President & CEO, Black Box.

What Enterprises Gain Through This Alliance 

For enterprises, this alliance delivers a unified approach to AI adoption across the full technology stack, from digital infrastructure and OT/IoT connectivity to industry-specific AI solutions, with security, resilience, and governance built into every layer. Every engagement is anchored in measurable business outcomes, including productivity improvements, cost optimization, revenue growth, and competitive differentiation, delivered through a single, globally capable, end-to-end alliance.

“Enterprises do not need more AI ambition. They need a partner who can make AI real across their entire business. That is exactly what this alliance is built for. AIONOS brings the AI platform, data capabilities, and vertical intelligence. Black Box brings the global infrastructure and delivery scale. Together, we give enterprises a single, accountable partnership that owns the transformation journey, from infrastructure to intelligence, from strategy to outcomes.”, concluded, Simmi Dhamija, Chief Operating Officer, AIONOS.

Bengaluru, December 07, 2025: Urban Vault, one of India’s fastest-growing managed workspace providers, has strengthened its enterprise portfolio by onboarding three major Japanese corporations—Nachi, Pioneer, and Komatsu—in Bengaluru.

With these new tenants, Urban Vault now delivers workspace solutions to more than 50 Global Capability Centres (GCCs) across key Indian cities, including Bengaluru, Pune, and Gurugram.

The addition of these Japanese industry leaders marks a significant milestone in Urban Vault’s growth journey and reinforces its position as the preferred workspace partner for global enterprises entering or expanding in India.

The company’s unique hybrid model—optimizing CapEx, reducing OpEx, and enabling seamless single-window management—has empowered organisations to achieve greater operational agility while effectively managing total occupancy costs.

Speaking about the onboarding of the new Japanese clients, Amal Mishra, Co-founder, Urban Vault, said:“The trust placed in Urban Vault by global giants like Nachi, Pioneer, and Komatsu reinforces our commitment to delivering world-class workspace solutions. Japanese companies value precision, reliability, and relationship-driven business models—principles that deeply resonate with us. Our goal is to continue setting new benchmarks in managed workplaces by offering environments that help enterprises scale seamlessly, operate efficiently, and feel at home in India.”

As the managed office sector continues to evolve, Urban Vault represents the next generation of workspace solutions by blending capital efficiency with high-quality execution and enterprise-grade operational excellence. Japanese corporations are known to prioritise trust, consistency, precision, and long-term reliability. These values closely align with Urban Vault’s workplace philosophy and have been instrumental in building deep partnerships within the Japanese business community.

Urban Vault has earned a strong reputation for its meticulous design standards, transparent delivery processes, hospitality-driven service culture, and ability to tailor workspaces to stringent global compliance norms—attributes especially valued by Japanese enterprises.

With rising interest from global corporations across sectors such as manufacturing, engineering, automotive, electronics, and technology, Urban Vault is well-positioned to accelerate its expansion while continuing to redefine workspace excellence for some of the world’s most respected enterprises.

Over the years, UrbanVault has expanded its national portfolio to over 2.80 million sq. ft., managing 70,000+ seats across 80+ locations in Bengaluru, Pune, Gurugram, and other major cities. The company continues to demonstrate strong performance, with an expected run rate of over ₹250 crore in FY2025-26, 70%+ year-on-year growth, and 18% PAT.

Bengaluru, 29^th July 2025 : A new report from ACCA (the Association of Chartered Certified Accountants) has revealed that GCCs are boosting India’s economic growth by driving services exports and creating high-quality finance roles. GCCs are forecast to contribute 2% of India’s GDP and generate 2.8mn jobs by 2030.

GCCs in India have evolved from back-office support hubs to global value creators – now leading innovation, technological advancements, and research & development for global corporations. They play a key role in managing global operations and work closely with teams across the world. A skilled workforce (especially tech-related), expansion into tier-II cities, favourable government policies and improving infrastructure are fuelling India’s rise as the world’s front office.

In FY24, GCCs generated approximately $64.6 billion in export revenue, marking a significant 40% increase from $46 billion in FY23. 20,000 global leadership roles are projected to be based in India by 2030.

Md. Sajid Khan, Director – India at ACCA said: ‘India is the ideal environment for GCCs thanks to our young, educated workforce, politically stable business environment and digital transformation capabilities.

‘Opportunities for finance professionals especially are immense, with strong demand for those with a higher set of skills who understand the finance function, are comfortable with data and digital tools and can deploy commercial and critical thinking. With the ‘Think Ahead’ approach, knowledge and skills gained through the ACCA Qualification on international accounting, auditing and sustainability standards, ACCA students and members are well placed to fill these global roles.’

As GCCs mature, finance roles are expanding far beyond traditional boundaries – from doing basic transaction focused accounting to roles that create value for the organisation – through process improvement and cost transformation initiatives. Areas of opportunity include business partnering, procurement, reporting, planning and analysis. While entry level roles focus on data analytics, FP&A and compliance management, mid-level roles are shifting to process improvements and driving transformation.

To be successful in this increasingly global way of working, finance professionals require a higher set of skills and capabilities with a mix of knowledge, solution and behaviour centric capabilities: understanding of finance function and specific industry vertical/ domain, comfort with data and digital tools; commercial and critical thinking to support decision making; and the ability to collaborate and communicate with global teams.

To manage risks and maximise the ongoing momentum, collaboration among state and non-state actors is the key. India needs a comprehensive and centralised GCC strategy backed by support from policymakers in promoting innovation, creating skilling initiatives and streamlining regulations

Report author Pooja Chaudhary, Policy and Insights Lead for India at ACCA, said:  ‘The report highlights the factors driving GCC success in India and what’s needed to sustain it. Strong leadership, cross-cultural talent, and collaboration between global and local teams are key to running a successful GCC. As GCCs take on more strategic roles, they must work with policymakers to streamline regulation and partner with academia to bridge skill gaps while continuing to create value through innovation and alignment with the parent organisation.’

In 2024, the outlook for GCCs seems promising and I expect them to play a pivotal role in shaping the future, albeit we take steps to consolidate our position in the rapidly changing world. Our leadership talent needs to be in tune with evolving and unmet customer needs and be ingenious enough to create solutions to meet their needs. They should be able to reimagine how they move through the value chain and improve the value arbitrage we provide. They also need to start thinking more creatively about improving our productivity as a collective. To deliver on our promise, our talent needs to excel, both from a skills perspective as well as from a cultural integration perspective and be more hands on and connected to business and customer outcomes they are serving.

At Fidelity International, India continues to be a place of strategic importance for over two decades now, having built strong customer-centric capability in the country, delivering work across engineering & technology, finance, digital, general counsel, data and analytics, cyber security etc. to name a few. More than 40% of our global talent is based in India and we have recently announced our operations in Bangalore, that will bolster our strategic presence in the country. We have thoughtfully crafted our approach to build a sustainable business, and to leverage India as a talent hotspot as well as a resilience location for our clients globally.”