Sify Technologies appoints Arun Seth as Independent Director
October 29 2018 - 9:05AM
Sify Technologies Limited (NASDAQ: SIFY), headquartered at Chennai,
India, the largest Indian ICT service provider with delivery
capabilities across domestic and international Telecom Networks,
Data Center, Cloud, Applications & Managed services and Systems
Integration, today announced the appointment of Mr. Arun Seth as
Independent Director and Member, Audit Committee based on the
recommendations of the Nomination and Remuneration Committee of the
Board. The appointment was effected on October 22, 2018 and is
subject to the approval of shareholders. With his appointment, Sify
is now fully compliant with the NASDAQ Listing Rule 5605 on the
number of Independent Directors on the Board and Audit Committee.An
alumni of the prestigious Le Martiniere school, Indian Institute of
Technology, Kanpur and Indian Institute of Management, Calcutta,
Mr. Seth is recognised as among the earliest Indian Telecom
leaders. He started out as the founding Managing Director of
British Telecom in India in 1995, helping it acquire a 45% stake in
Airtel and seeing through its transformation, first to Mahindra BT
and eventually to Tech Mahindra. He relinquished office as its
non-Executive Chairman in 2012 after an illustrious stint on its
Board for 17 years.He currently serves as an Independent Director
on the board of Jubilant Foodworks (Dominos), Narayana Health,
Centum Learning (a Bharti Group co), Usha Breco Ltd, Serviont
Global Solutions Ltd and Hunger Inc. Pvt Ltd (Restaurants). He has
been a founding Charter Member of TiE Delhi and Indian Angel
Network and advises/mentors a number of start-ups in the tech space
in India and USA.An active evangelist of the Software product
eco-system, he co-chairs the NASSCOM Product Conclave and the
NASSCOM Product Council. He had earlier served on the Executive
Council of NASSCOM for 10+ years when in British Telecom and
Alcatel. He is very active with NGOs, currently chairing NASSCOM
Foundation which drives CSR initiatives across the IT Industry. His
particular focus has been in working with NGOs that support the
disadvantaged sections. He has served on the Board of Governors for
IIM Lucknow and IIIT Delhi and also been an Advisory board member
of TERI and a Governing Member of the TERI University
board. His peers recognize him as a resource consummate
in Technology Innovation, General Management, Delivery, Program
Management, Business Development, Sales & Off-shore operations.
In his capacity as Independent Director, he will guide Sify as it
seeks to consolidate its position as India’s most comprehensive ICT
Solutions and Services leader.Welcoming him to Sify, Chairman of
the Board, Raju Vegesna, said, “It is my pleasure to announce the
appointment of Arun to our Board. His experience on the
operational, strategic and advocacy side and his vast network
amongst the Indian IT fraternity makes him a valuable and relevant
asset. I am confident that he will bring the right mixture of
insight, knowledge and capabilities to help us navigate the
transforming IT landscape.”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 1600 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. Discover how we can help guide your
organisation in these times of ‘Digital’ here. 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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