Sify Technologies breaks into Top 50 in Fortune India’s “The Next 500” Ranking
A comprehensive industry ranking of India’s mid-sized companies
Chennai, August 1, 2018 Sify Technologies Limited (NASDAQ NM: SIFY), a leader in Managed Enterprise, Network, IT and Software services in India with global delivery capabilities, today announced that it has been ranked 39 in Fortune India’s “The Next 500” ranking, the first comprehensive ranking of India's mid-size companies.
Sify was ranked 258 in 2015. The company’s aggressive growth over the last 3 years has catapulted it into the Top 50 this year.
Companies in The Next 500 are ranked on the basis of Revenue, Net Operating Income, Profit, Assets, Net Worth, Equity Dividend, and Employee Cost.
"This ranking is evidence of the multiple things we have done right over the years; focused solutions and services, on-time delivery of contracts, partnerships with the right technology leaders and disciplined financial outlook. Enroute to the INR 2000 crore milestone in FY 18, we built a unique ICT eco-system for India, moved up the value chain for clients from being service providers to Digital Technology Architects and achieved 20 sustained quarters of profitability. This ranking validates the company’s strategy to streamline its services as Network & Data Center Centric Services with Cloud@Core of everything we do. I congratulate every team member at Sify who has helped achieve this unique recognition," said Mr. Raju Vegesna, Chairman, Sify Technologies.
About Sify Technologies
Sify is the largest ICT service provider, systems integrator, and all-in-one network solutions company on the Indian subcontinent. We’ve also expanded to the United States, with headquarters in the heart of California’s Silicon Valley.
Over 8500 businesses have become Sify customers. We also partner with other major network operators to deliver global network solutions. Our customers can access Sify services via India’s largest MPLS network. Among the very few Enterprise class player in India, Sify, today has presence in more than 1550 cities in India and in North America, the United Kingdom and Singapore.
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, 2018, 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.
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