Posts Tagged "News & Events"

HIGHLIGHTS

• Revenue for the year was INR 39886 Million, an increase of 12% over last year.
• EBITDA was INR 7562 Million, an increase of 12% over last year.
• Loss before tax was INR 286 Million. Loss after tax was INR 785 Million.
• CAPEX for the year was INR 12745 Million.

MANAGEMENT COMMENTARY

Mr. Raju Vegesna, Chairman, said, “India’s emergence as a global growth hub is no longer a forecast. It is a present-day reality. India is set to become the third-largest economy by 2030-31 with projected annual growth of 6.7%, according to S&P Global.

This growth is underpinned by liberal economic reforms, a vibrant startup ecosystem, and a demographic dividend. With over 1.2 billion mobile phone users and the second-largest internet user base globally, India is now a important test-bed for emerging technologies such as AI, 5G, and cloud computing.

Government initiatives like ‘Digital India’ and ‘Startup India’ have further accelerated tech innovation, with India now home to over 100 unicorns. For global enterprises, the convergence of policy support, digital infrastructure, and deep talent positions India as a growth opportunity that is both immediate and immense.”

Mr. M P Vijay Kumar, ED & Group CFO, said, “We remain committed to cost efficiency and fiscal discipline, aligning our financial strategies with long-term value creation across all our businesses. While we plan essential investments for future readiness, our current results face multiple headwinds of depreciation, interest expenses, and rising manpower costs. Our approach remains to invest to build resilience, enhance operational agility, and capture emerging opportunities. The income tax expense includes tax, both current and deferred tax, of Rs.539 Million on profit of its data center subsidiary

The cash balance at the end of the year was INR 6836 Million”.

BUSINESS HIGHLIGHTS

• The Revenue split between the businesses for the year was Data Center services 38%, Digital services 21% and Network services 41%.
• As of March 31, 2025, Sify provides services via 1137 fiber nodes across the country, a 10% increase over last year.
• As of March 31, 2025, Sify has deployed 1870 contracted SDWAN service points across the country.

CUSTOMER ENGAGEMENTS

Among the largest new contracts for the year were the following:

Data Center Services

• One of India’s earliest Security SaaS companies migrated from a competitor’ data center to Sify Data Center.
• One of the largest private banks in India nearly doubled their capacity for DR.
• One of the largest Public Sector lenders in India has signed up for significant capacity in our latest hyperscale data center campus in the west.

Digital services

• One of the largest private networks, the largest English media publishing group, an upcoming IT major and an MNC into heavy engineering signed up to migrate from their on-premise data center to multiple Cloud platforms.
• The largest housing lender, the largest NBFC, a joint venture steel making major and private capital advisor signed up for Greenfield cloud implementation.
• A subsidiary of an automobile major, a heavy engineering group, the largest MNC in India and a performance materials and specialty chemicals manufacturer signed up for services like DRaaS, PaaS and IaaS.
• The largest insurance player and the National insurance regulator signed up for Private Cloud commissioning at their data center.
• Multiple banks, a MNC in steel manufacturing, an NBFC and a retail major signed up for Managed services.
• Three of the largest banks and a paint manufacturing major were the largest signups for Security services, including building their Security Operations Center.

Network Services

• A Public Sector insurance major signed up for a full suite of Network connectivity services including SD-WAN services across 3500 locations.
• A major ITeS player signed up for security services for their entire rooster of clients.
• An upcoming regional player and a ITeS MNC signed up for Managed services for their clients in western and eastern India.
• A co-operative bank signed a multi-year deal for on-site NOC support services.
• The largest Indian clearing house for foreign currency settlement signed up for two different services in two regions.
• One of the largest vendors operating the ID authentication for India’s airport regulatory authority signed up for SD-WAN at multiple airports.

FINANCIAL HIGHLIGHTS

Unaudited Consolidated Income Statement as per IFRS (in INR Millions)

Management-defined Performance Measures (MPMs)

Sify uses Earnings before Interest, Tax, Depreciation and Amortisation (EBITDA) as the management-defined performance measure in its public communications. This measure is not specified by IFRS Accounting Standards and therefore might not be comparable to apparently similar measures used by other entities.

Management believes adjusting operating profit for these items provides comprehensive information of the company’s operating performance.

Reconciliation with Management-defined Performance Measures:

(In INR millions)

Segment Reporting:

(In INR millions)

Equity and Debt:
(In INR millions)

Chennai, India, Friday, April 11, 2025: Sify Technologies Limited (NASDAQ: SIFY) India’s leading Digital ICT solutions provider with global service capabilities spanning Data Center, Cloud, Networks, Security and Digital services, today announced that it will report its unaudited IFRS financial results for the full year ended March 31, 2025 on Friday, April 18, 2025.

The following Monday, April 21, 2025, Sify will host a conference call at 8:30 AM ET with Mr. Raju Vegesna, Chairman of the Board and Mr. M P Vijay Kumar, Executive Director and Group CFO. Interested parties may participate by dialling +1-888-506-0062 (Toll Free in the U.S. or Canada) or +1-973-528-0011 (International) with access code: 680924, which will also be simultaneously broadcast live over the Internet at www.sifytechnologies.com/investors or https://www.webcaster4.com/Webcast/Page/2184/52330.

Please allow extra time prior to the call to visit the site and download the streaming media software required to listen to the Internet broadcast.

The online archive of the Webcast will be available shortly after the conference call, or investors can listen to the replay by dialling +1-877-481-4010 (Toll Free in the U.S. or Canada) or +1-919-882-2331 (International) and entering the replay passcode 52330. Please allow for some time post conference call to access the archive of the Webcast. The replay is available until April 28, 2025.

About Sify Technologies

A multiple times Golden Peacock award winner for Corporate Governance, Sify Technologies is India’s most comprehensive ICT service & solution provider. With Cloud at the core of our solutions portfolio, Sify is focussed on the changing ICT requirements of the emerging Digital economy and the resultant demands from large, medium and small businesses.

Sify’s infrastructure comprising state-of-the-art Data Centers, the largest MPLS network, partnership with global technology majors and deep expertise in business transformation solutions modelled on the cloud, make it the first choice of start-ups, SMEs and even large Enterprises on the verge of a revamp.

More than 10000 businesses across multiple verticals have taken advantage of our unassailable trinity of Data Centers, Networks and Digital services and conduct their business seamlessly from more than 1600 cities in India. Internationally, Sify has presence across North America, the United Kingdom, UAE and Singapore.

Sify, www.sify.com, Sify Technologies and www.sifytechnologies.com are registered trademarks of Sify Technologies Limited.

Non-IFRS Measures

This press release contains a financial measure not prepared in accordance with IFRS. In particular, EBITDA is referred to as “non-IFRS” measure. The non-IFRS financial measure we use may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies – refer to the reconciliation provided in the table labelled Financial Highlights for more information. In addition, these non-IFRS measures should not be considered in isolation as a substitute for, or as superior to, financial measures calculated in accordance with IFRS, and our financial results calculated in accordance with IFRS and reconciliation to those financial statements should be carefully evaluated.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Sify undertakes no duty to update any forward-looking statements.

For a discussion of the risks associated with Sify’s business, please see the discussion under the caption “Risk Factors” in the company’s Annual Report on Form 20-F for the year ended March 31, 2024, which has been filed with the United States Securities and Exchange Commission and is available by accessing the database maintained by the SEC at www.sec.gov, and Sify’s other reports filed with the SEC.

For further information, please contact:

Chennai, India, Friday, January 10, 2025: Sify Technologies Limited India’s leading ICT solutions provider with global service capabilities spanning Data Center, Cloud, Networks, Security and Digital services, today announced that it will report its unaudited IFRS financial results for the Third Quarter ended December 31, 2024 on Friday, January 17, 2025 before the market opens.

In conjunction with the announcement, Sify will host a conference call at 8:30 AM ET with Mr. Raju Vegesna, Chairman of the Board and Mr. M P Vijay Kumar, Executive Director & Group CFO. Interested parties may participate by dialling +1-888-506-0062 (Toll Free in the U.S. or Canada) or +1-973-528-0011 (International), which will also be simultaneously broadcast live over the Internet at www.sifytechnologies.com/investors or https://www.webcaster4.com/Webcast/Page/2184/51869

Please allow extra time prior to the call to visit the site and download the streaming media software required to listen to the Internet broadcast.

The online archive of the Webcast will be available shortly after the conference call. Investors can also listen to the replay by dialling +1-877-481-4010 (Toll Free in the U.S. or Canada) or +1-919-882-2331 (International) and entering the replay passcode 51869. Please allow for some time post conference call to access the archive of the Webcast. The replay is available until January 24, 2025.

About Sify Technologies

A multiple times Golden Peacock award winner for Corporate Governance, Sify Technologies is India’s most comprehensive ICT service & solution provider. With Cloud at the core of our solutions portfolio, Sify is focussed on the changing ICT requirements of the emerging Digital economy and the resultant demands from large, medium and small businesses.

Sify’s infrastructure comprising state-of-the-art Data Centers, the largest MPLS network, partnership with global technology majors and deep expertise in business transformation solutions modelled on the cloud, make it the first choice of start-ups, SMEs and even large Enterprises on the verge of a revamp.

More than 10000 businesses across multiple verticals have taken advantage of our unassailable trinity of Data Centers, Networks and Digital services and conduct their business seamlessly from more than 1600 cities in India. Internationally, Sify has presence across North America, the United Kingdom, UAE and Singapore.

Sify, www.sify.com, Sify Technologies and www.sifytechnologies.com are registered trademarks of Sify Technologies Limited.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Sify undertakes no duty to update any forward-looking statements.

For a discussion of the risks associated with Sify’s business, please see the discussion under the caption “Risk Factors” in the company’s Annual Report on Form 20-F for the year ended March 31, 2024, which has been filed with the United States Securities and Exchange Commission and is available by accessing the database maintained by the SEC at www.sec.gov, and Sify’s other reports filed with the SEC.

For further information, please contact:

Chennai, India, Oct 14, 2024: Sify Technologies Limited (NASDAQ: SIFY), India’s leading Digital ICT solutions provider with global service capabilities spanning Data Center, Cloud, Networks, Security and Digital services, today announced the appointment of Ms. Padmaja Chunduru as Director on the Board of Sify Technologies
Limited.

A career banker with a reputation for quiet, efficient disruption, Ms. Chunduru, previously led important functions at India’s largest bank, State Bank of India, both in India and the United States. Post SBI, as MD & CEO at Indian Bank, she was tasked with its merger with Allahabad Bank. The seamless execution between two diametrically opposite Indian banking institutions, is today an essential reference point in M&A studies and is chronicled as a case study “Merger of Equals” by Harvard Business School Publishing.

These gender-defying roles led her to the corner office of the National Securities Depository Limited (NSDL) as the MD & CEO, where she was instrumental in developing a pioneering DLT Blockchain based platform for Security and Covenant Monitoring of Corporate Debt.

A staunch evangelist of technology in business, she tapped into the emerging comfort among women with Fintech to bring more of them into the world of securities while simultaneously laying the roadmap for the market listing of NSDL.

Until recently, she was a Director on the Boards of LIC (Life Insurance Corporation of India), NPCI (National Payments Corporation of India), ISSA (International Securities Services Association) and ACG (Asia Pacific Central Depository Group),Institute of International Bankers and Asia Society, New York and Non-Executive Chairperson (Nominee Director) of Universal Sompo General Insurance Company Limited.

She is currently a member of the Insurance Advisory Committee of IRDAI (Insurance Regulatory and Development Authority of India) and the Centre for Corporate Governance and Sustainability, IIM, Bangalore. Ms. Chunduru is also a Certified Associate of Indian Institute of Bankers.

She has been awarded Best CEO (BFSI) for 2021 by Business Today and Best CEO 2021 for Women Leadership by Economic Times. She has been acknowledged as one of the Most Powerful Women (MPW) in Business by Fortune India and Business Today, for 2022 and 2023.

Welcoming her to the Board, Mr. Raju Vegesna, Chairman, said, “Ms. Chunduru brings to Sify the right experience of integrity, corporate governance and digital financial initiatives. In our ongoing evolution as a Digital Transformation partner for our clients, these are valuable mentoring avenues that Sify will benefit from. On behalf of Sify, it gives me immense pleasure to have her join us.”

Commenting on her appointment, Ms. Chunduru, remarked, “Sify has a reputation of being a disruptor in the ICT space with a successful track record of projects across multiple verticals. This wide breadth of transformative knowledge is extremely important in an evolving digital-aware market like India. By taking on this responsibility, I hope to translate my experience into productive mentoring, while ensuring that stakeholder interests are safeguarded, and corporate governance is adhered to in letter and spirit.”

About Sify Technologies

A multiple times Golden Peacock award winner for Corporate Governance, Sify Technologies is India’s
most comprehensive ICT service & solution provider. With Cloud at the core of our solutions portfolio,
Sify is focussed on the changing ICT requirements of the emerging Digital economy and the resultant
demands from large, medium and small businesses.

Sify’s infrastructure comprising state-of-the-art Data Centers, the largest MPLS network, partnership with global technology majors and deep expertise in business transformation solutions modelled on the cloud, make it the first choice of start-ups, SMEs and even large Enterprises on the verge of a revamp.

More than 10000 businesses across multiple verticals have taken advantage of our unassailable trinity of Data Centers, Networks and Digital services and conduct their business seamlessly from more than 1600 cities in India. Internationally, Sify has presence across North America, the United Kingdom, UAE and Singapore.

Sify, www.sify.com, Sify Technologies and www.sifytechnologies.com are registered trademarks of Sify Technologies Limited.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Sify undertakes no duty to update any forward-looking statements.

For a discussion of the risks associated with Sify’s business, please see the discussion under the caption “Risk Factors” in the company’s Annual Report on Form 20-F for the year ended March 31, 2024, which has been filed with the United States Securities and Exchange Commission and is available by accessing the database maintained by the SEC at www.sec.gov, and Sify’s other reports filed with the SEC.

For further information, please contact:

Chennai, India, August 21, 2024: Sify Technologies Limited (NASDAQ: SIFY), India’s leading Digital ICT solutions provider with global service capabilities spanning Data Center, Cloud, Networks, Security and Digital services, today announced the appointment of Mr. Sharad Agarwal as the Chief Executive Officer of Sify Infinit Spaces Limited, wholly owned subsidiary of Sify Technologies Limited.

Sharad moves into this role on the strength of his technopreneurship across several domains like ecommerce, logistics, retail, Cloud and Data Center. An active industry veteran, he comes equipped with a combination of sales and project management skills that will help him expand the footprint and acceptance of Sify’s data centers.

Prior to Sify, Sharad was at Vantage, where he was mandated to build their Data Center business. This was preceded by a long stint at Amazon Web Services where he front-ended capacity delivery for an APAC region.

Chairman of Sify, Mr. Raju Vegesna, said, “Sharad brings a valuable blend of entrepreneurial and managerial experience in the data center domain across the APAC region. This diverse background positions him well to drive our strategic initiatives and operational excellence. His insights and proven track record will contribute significantly to advancing our objectives and reinforcing our leadership position in the industry”.

Mr. Agarwal, said, “I have followed Sify’s remarkable journey as they evolved as a Data Center leader. This impressive growth trajectory underscores Sify’s commitment to innovation and excellence. My mandate is to maximize Sify’s potential across the entire ICT value chain by focusing on strategic growth and operational efficiency and by delivering cutting-edge solutions and unparalleled value to our clients and stakeholders.”

About Sify Technologies

A Fortune India 500 company, Sify Technologies is India’s most comprehensive ICT service & solution provider. With Cloud at the core of our solutions portfolio, Sify is focussed on the changing ICT requirements of the emerging Digital economy and the resultant demands from large, mid and smallsized businesses.

Sify’s infrastructure comprising state-of-the-art Data Centers, the largest MPLS network, partnership with global technology majors and deep expertise in business transformation solutions modelled on the cloud, make it the first choice of start-ups, SMEs and even large Enterprises on the verge of a revamp.

More than 10000 businesses across multiple verticals have taken advantage of our unassailable trinity of Data Centers, Networks and Digital services and conduct their business seamlessly from more than 1600 cities in India. Internationally, Sify has presence across North America, the United Kingdom and Singapore.

Sify, www.sify.com, Sify Technologies and www.sifytechnologies.com are registered trademarks of Sify Technologies Limited.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Sify undertakes no duty to update any forward-looking statements.

For a discussion of the risks associated with Sify’s business, please see the discussion under the caption “Risk Factors” in the company’s Annual Report on Form 20-F for the year ended March 31, 2024, which has been filed with the United States Securities and Exchange Commission and is available by accessing the database maintained by the SEC at www.sec.gov, and Sify’s other reports filed with the SEC.

For further information, please contact:

Chennai, India, July 25, 2024: Sify Technologies Limited (NASDAQ: SIFY), India’s leading Digital ICT solutions provider with global service capabilities spanning Data Center, Cloud, Networks, Security and Digital services, today announced the appointment of Mr. C R Srinivasan as the Chief Executive Officer of Sify Digital Services Limited, wholly owned subsidiary of Sify Technologies Limited.

C.R. Srinivasan has over 30 years of experience in global telecom, IT, cybersecurity, and digital services. As a seasoned technologist and business leader, C R Srinivasan has an established track record in large enterprises, start-ups, and platform-based businesses. He has leveraged technology to enhance customer experiences and develop unique business models, successfully turning around and rapidly scaling businesses by building platforms and services focussed on the right technology.

Prior to Sify, Srini led Tata Communications’ Cloud and Cybersecurity businesses. He also co-founded Sevenstrata IT Services, a remote infrastructure management company acquired by Mindtree. Srini was part of the initial team that established Sify’s network services and developed its managed services capabilities.

Commenting on his appointment, Chairman, Mr. Raju Vegesna, said, “Srini is well versed in the transformation that the ecosystem has undergone. His experience in building digital services across the ICT ecosystem will be valuable in steering Sify Digital Services in a new direction. He will be responsible for building the business both in India and into new territories.”

Mr. C R Srinivasan, said, “I am proud of what the company has become under the leadership of Raju and the ambitious roadmap ahead. I will look to realize Sify’s untapped potential in digital services and contribute to making Sify a truly converged ICT ecosystem leader.”

About Sify Technologies

A Fortune India 500 company, Sify Technologies is India’s most comprehensive ICT service & solution provider. With Cloud at the core of our solutions portfolio, Sify is focussed on the changing ICT requirements of the emerging Digital economy and the resultant demands from large, mid and small-sized businesses.

Sify’s infrastructure comprising state-of-the-art Data Centers, the largest MPLS network, partnership with global technology majors and deep expertise in business transformation solutions modelled on the cloud, make it the first choice of start-ups, SMEs and even large Enterprises on the verge of a revamp.

More than 10000 businesses across multiple verticals have taken advantage of our unassailable trinity of Data Centers, Networks and Digital services and conduct their business seamlessly from more than 1700 cities in India. Internationally, Sify has presence across North America, the United Kingdom and Singapore.

Sify, www.sify.com, Sify Technologies and www.sifytechnologies.com are registered trademarks of Sify Technologies Limited.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Sify undertakes no duty to update any forward-looking statements.

For a discussion of the risks associated with Sify’s business, please see the discussion under the caption “Risk Factors” in the company’s Annual Report on Form 20-F for the year ended March 31, 2024, which has been filed with the United States Securities and Exchange Commission and is available by accessing the database maintained by the SEC at www.sec.gov, and Sify’s other reports filed with the SEC.

For further information, please contact:

Chennai, India, Friday, July 08, 2024: Sify Technologies Limited (NASDAQ: SIFY), India’s leading Digital ICT solutions provider with global service capabilities spanning Data Center, Cloud, Networks, Security and Digital services, today announced the appointment of Dr. Tom Bradicich as the incoming Director on the Board of Sify Technologies Limited.

Dr. Bradicich previously served on several boards, including that of Aspen Technology (AZPN), a publicly traded industrial software company, and the Advisory Boards of SparkCognition, an AI software company and a social media and silicon chip start-up.

Dr. Bradicich’s professional career was spent in global leadership roles at Fortune 500 IT companies such as IBM and HPE where he and his team developed and launched dozens of software and systems products, received many patents, and conceived the trademarks HPE Edgeline™ Systems, IBM xArchitecture™ Systems, IBM MXT™ Memory, and National Instruments Big Analog Data™ Solutions.

He was three times named CRN’s Top 100 Executives and Top 25 Disrupters, elected to the IBM Academy of Technology, honored as a Life Member of the IEEE, and inducted into the North Carolina State University Alumni Hall of Fame. Active in charity work, he served as executive sponsor to The Salvation Army, and founded sockrelief.com, serving the homeless and children in need.

A globally feted technologist, Dr. Bradicich is a recipient of many awards, including the IBM Chairman’s Award, CRN Product of the Year, Frost & Sullivan Best Practice, Gartner Magic Quadrant Leader, Network World Product of the Year, Mobile World Congress Best of Show and Automation World Leadership Award. He is currently writing a book, The 1st Mover, a collection of his vast experience in business leadership, creating new product categories and technical innovation.

Commenting on his appointment to the Board, Chairman, Mr. Raju Vegesna, said, “Dr. Tom has built a very strong reputation as a disruptive technologist and business leader, with large brands globally and in the United States. He holds several patents and recognitions to his name and his caliber and experience should serve as assets to Sify.”

Dr. Bradicich, said, “I have a high regard for Sify and Raju, and I am impressed with Sify’s growth upon Raju assuming leadership. He has established a stellar reputation for building companies of value in Silicon Valley and abroad. It gives me immense pleasure to join Sify’s Board of Directors and to engage with colleagues with such strong business and technology accomplishments. I look forward to helping take Sify to the next level.”

About Sify Technologies

A Fortune India 500 company, Sify Technologies is India’s most comprehensive ICT service & solution provider. With Cloud at the core of our solutions portfolio, Sify is focussed on the changing ICT requirements of the emerging Digital economy and the resultant demands from large, mid and smallsized businesses.

Sify’s infrastructure comprising state-of-the-art Data Centers, the largest MPLS network, partnership with global technology majors and deep expertise in business transformation solutions modelled on the cloud, make it the first choice of start-ups, SMEs and even large Enterprises on the verge of a revamp.

More than 10000 businesses across multiple verticals have taken advantage of our unassailable trinity of Data Centers, Networks and Digital services and conduct their business seamlessly from more than 1600 cities in India. Internationally, Sify has presence across North America, the United Kingdom and Singapore.

Sify, www.sify.com, Sify Technologies and www.sifytechnologies.com are registered trademarks of Sify Technologies Limited.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Sify undertakes no duty to update any forward-looking statements.

For a discussion of the risks associated with Sify’s business, please see the discussion under the caption “Risk Factors” in the company’s Annual Report on Form 20-F for the year ended March 31, 2024, which has been filed with the United States Securities and Exchange Commission and is available by accessing the database maintained by the SEC at www.sec.gov, and Sify’s other reports filed with the SEC.

For further information, please contact:

Chennai, India, Wednesday, July 03, 2024: Sify Technologies Limited (NASDAQ: SIFY), India’s leading Digital ICT solutions provider with global service capabilities spanning Data Center, Cloud, Networks, Security and Digital services, today announced the appointment of Dr. Ajay Kumar as the incoming Director on the Board of Sify Technologies Limited.

An Indian Administrative Service officer of the 1985 batch, Dr. Ajay Kumar, last served as the Defence Secretary for the Government of India and has deep expertise in the technology and policy domains. Previously, as head of several government enterprises, he has scripted major successes in defence industry ecosystem including defence startup ecosystem through iDEX between 2017-2022, Digital India initiatives including Aadhaar, UPI, Jeevan Pramaan between 2014-2017 among others. Dr. Kumar has been instrumental in boosting performance of Defence PSUs during 2018-2022 and promoting startups in the drone and space sector between 2020-2021.

Dr. Kumar holds a B.Tech in electrical engineering, a Master’s degree in applied economics from the University of Minnesota and a PhD in business administration from the Carlson School of Management at the University of Minnesota.

On superannuation, Dr. Kumar assumed the position of Distinguished Visiting Professor in the Department of Management Sciences and the Department of Economic Sciences at the Indian Institute of Technology, Kanpur.

Welcoming him on board, Mr. Raju Vegesna, Chairman, said, “We are pleased to welcome Dr. Kumar on board. I am convinced that his vast experience across multiple industries will add value to both our business strategy and corporate governance”.

Dr. Ajay Kumar remarked, “It gives me immense pleasure to join the Board of Sify Technologies Limited. Uniquely positioned, Sify stands out with its converged ecosystem of Networks, Data Centers and Digital tools. Over the years, they have also built a strong reputation for corporate governance”.

Mr. Vegesna concluded, “Three of our longest-serving Directors, Dr. T H Chowdary, Mr. C B Mouli and Mr. C E S Azariah take leave from the Board on completion of their tenure. I, and the entire Sify family, benefitted greatly from their mentorship and extend
our deepest gratitude and appreciation for the services rendered”.

About Sify Technologies

A Fortune India 500 company, Sify Technologies is India’s most comprehensive ICT service & solution provider. With Cloud at the core of our solutions portfolio, Sify is focussed on the changing ICT requirements of the emerging Digital economy and the resultant demands from large, medium and small businesses.

Sify’s infrastructure comprising state-of-the-art Data Centers, the largest MPLS network, partnership with global technology majors and deep expertise in business transformation solutions modelled on the cloud, make it the first choice of start-ups, SMEs and even large Enterprises on the verge of a revamp.

More than 10000 businesses across multiple verticals have taken advantage of our unassailable trinity of Data Centers, Networks and Digital services and conduct their business seamlessly from more than 1600 cities in India. Internationally, Sify has presence across North America, the United Kingdom, UAE and Singapore.

Sify, www.sify.com, Sify Technologies and www.sifytechnologies.com are registered trademarks of Sify Technologies Limited.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Sify undertakes no duty to update any forward-looking statements.

For a discussion of the risks associated with Sify’s business, please see the discussion under the caption “Risk Factors” in the company’s Annual Report on Form 20-F for the year ended March 31, 2024, which has been filed with the United States Securities and Exchange Commission and is available by accessing the database maintained by the SEC at www.sec.gov, and Sify’s other reports filed with the SEC.

For further information, please contact: