Netweb Technologies has firmly established itself as the primary hardware proxy for India's sovereign AI ambitions, with its market valuation reflecting a massive surge of over 600% since its July 2023 IPO. As of February 2026, the company's financial performance shows explosive growth. In the third quarter of FY26, Netweb reported a consolidated revenue of 805 crore, a remarkable 141% increase year-on-year. Profit after tax (PAT) followed a similar trajectory, jumping 147% to reach 73.3 crore for the same period. The AI systems division has become the dominant revenue driver, contributing 64% of total income in the latest quarter. This shift is significant considering the segment accounted for only 7% of revenue just two years ago. High-performance computing (HPC) and private cloud solutions continue to support this growth, maintaining a strong 89% combined revenue share from these core sectors. Operational momentum is backed by a substantial order book totaling over 2,250 crore. This includes an organic order book of 525.8 crore and a massive strategic pipeline of 1,733.6 crore. Recent major wins include a 450 crore order for Tyrone AI GPU systems and a prior 1,734 crore contract to supply servers based on NVIDIA’s Blackwell architecture. Strategic partnerships remain a key catalyst. In February 2026, Netweb expanded its collaboration with NVIDIA by launching the Tyrone Camarero Spark, recognized as one of the world's smallest AI supercomputers. Manufactured in India, these systems deliver 1 petaflop of performance in a desktop form factor, allowing local developers to fine-tune AI models with up to 70 billion parameters on-premises. The company is also deploying liquid-cooled rack-scale systems based on the NVIDIA GB200 platform. These "Make in India" supercomputers are designed to handle massive workloads, including training models with up to 10 trillion parameters. Such innovations align directly with the government’s 10,300 crore IndiaAI Mission. Market confidence is reflected in the stock’s premium valuation, with a P/E ratio currently hovering around 107 to 113. Investors are pricing in a projected revenue and profit CAGR of nearly 50% through 2028. Despite the high valuation, the company maintains a strong balance sheet as a zero net-debt entity with cash reserves of 190 crore. Netweb's role as a key beneficiary of the IndiaAI Mission remains undisputed as it builds the physical infrastructure necessary for the nation's digital self-reliance. [Netweb Tech unveils 'Make in India' AI supercomputing systems](https://www.youtube.com/watch?v=lGbT5tZGGuM) This video provides the latest details on Netweb's February 2026 launch of new AI supercomputers in partnership with NVIDIA, which directly impacts the company's growth strategy. http://googleusercontent.com/youtube_content/0