Sify Technologies breaks into Top 50 in Fortune India’s “The Next 500” Ranking
August 01 2018 - 9:07AM
Sify Technologies Limited (NASDAQ NM: SIFY), headquartered at
Chennai, India, 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 Centre 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.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,
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.
For further information, please contact:
Praveen Krishna
Sify Technologies Limited
+91 9840926523
praveen.krishna@sifycorp.com
Nikhila Kesavan
20:20 Media
+91 9840124036
nikhila.kesavan@2020msl.com
Shiwei Yin
Grayling Investor Relations
+1-646-284-9474
Shiwei.Yin@grayling.com
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