Sify Technologies Limited Rights expiring 6/21/2024
SIFYR
NASDAQ Capital Market0.18
USD
+0.00
- -
Return %
Stock
S&P500
1Y
1,785,900.00
26.53
3Y
1,785,900.00
76.60
5Y
1,785,900.00
80.11
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Raju Vegesna
- Full Time Employees
- 4,319
- Sector
- Technology
- Industry
- Information Technology Services
- Address
- TIDEL Park Chennai India
- Website
- sifytechnologies.com
- Similar Companies
- Business
- Sify Technologies Limited is an information and communication technology (ICT) solutions provider headquartered in Chennai, India, founded in 1995. The company offers a comprehensive portfolio of products and services including cloud computing solutions, managed network services, data center services, internet protocol (IP) and multi-protocol label switching (MPLS) virtual private networks, SD-WAN, cloud interconnect, internet-based voice services, Layer 1 and Layer 2 network solutions, and wholesale and retail voice services. Additionally, Sify provides technology integration services along with application services such as talent management, supply chain management, eLearning, and enterprise application services including SAP, Microsoft, and Oracle solutions. Its infrastructure comprises 11 state-of-the-art data centers and the largest MPLS network in India, serving over 10,000 businesses across multiple sectors and spanning more than 1600 cities domestically, with an international presence in North America, the United Kingdom, and Singapore. In recent developments, Sify Technologies announced a strategic investment plan to enhance its data center capabilities by investing $5 billion in India, focusing on expansion and integration of artificial intelligence (AI) operations with GPU-powered cloud offerings. This includes the launch of CloudInfinit+AI that provides access to Nvidia GPU resources on a pay-as-you-go basis, following its designation as a Nvidia colocation partner in 2024. The company also executed a rights offering, concluded in June 2024, raising $30 million to fund data center expansion and digital services growth. Further operational enhancements included the merger of its Patel Auto Engineering Company subsidiary with the parent firm to improve efficiency and reach. Sify continues to focus on expanding data center capacities, including greenfield projects in Noida and Chennai, and building AI inference facilities in 20 Tier II cities in India, reflecting a major strategic push into AI-enabled ICT services and cloud infrastructure. Sify Technologies operates primarily in the ICT industry, targeting start-ups, small and medium enterprises (SMEs), and large enterprises undergoing digital transformation across India and internationally. It is a subsidiary of Ramanand Core Investment Company Private Limited. The company holds a leading position in India's digital economy with a strong emphasis on cloud-centric solutions and business transformation services, leveraging its extensive telecom network infrastructure and partnerships with global technology firms. This positioning allows Sify to meet the evolving ICT needs of a diverse client base, encompassing multiple business verticals across India and key international markets.