Sify

Sify Technologies Limited
Company typePublic company
IndustryInternet
GenreInformation and communications technology
Founded12 December 1995; 28 years ago (1995-12-12)[1][2]
FounderR. Ramaraj
Headquarters
Tharamani, Chennai, Tamil Nadu
,
India
Area served
Key people
  • Kamal Nath (CEO)
  • Raju Vegesna (Chairman & managing director)
  • Vijay Kumar (CFO)
Products
RevenueIncrease ₹2,507 crore (US$300 million) (March 2018)[3]
Number of employees
2,655[4]
Websitewww.sifytechnologies.com

Sify Technologies Limited (formerly Satyam Infoway)[5] is an Indian information and communications technology (ICT) company providing telecom services, data center services, cloud & managed services, transformation integration services, and application integration services. Sify Technologies Limited played a role during the early spread of Internet and e-commerce in India. It has been listed on NASDAQ as SIFY since October 1999. Merrill Lynch was the underwriter for Sify's IPO on the NASDAQ.[6] Sify was founded and led to IPO by R. Ramaraj.

History

In November 1999, Sify paid ₹122.2 crore for a 24.5% stake in IndiaWorld Communications. It acquired the remaining shares for ₹325.4 crore on 30 June 2000.[6][7]

In 2000, Sify sponsored the India Olympics team.[8] In January 2002, Sify announced prizes for most emails sent under a 6-week contest called "Sify Greenmail," promoting emails as an eco-friendly way of communication.[9] In March 2002, Sify made an agreement with Makemytrip to run Sify's travel portal.[10]

Sify used to run the i-Way chain of Internet cafes.[11] In 2002, Sify introduced wireless last mile connections with speeds up to 256 kbit/s.[12] By August 2003, it had over 1,000 i-Way cyber cafes in India.[13] In December 2003, Sify launched video-conferencing facilities in its Internet cafes.[14]

In 2004, Sify, with Level Up! Games, launched an MMORPG.[15] In June 2004, the Supreme Court of India set a legal precedent regarding domain names in the Satyam Infoway Ltd. v. Sifynet Solutions Pvt. Ltd. lawsuit.[1]

In November 2005, Satyam Computer Services sold its remaining 31.61% shares in Sify to Infinity Capital Ventures, which is owned by Raju Vegesna, for US$62.62 million.[16]

See also

References

  1. ^ a b Anurag K. Agarwal (2010). Business and Intellectual Property: Protect Your Ideas. Random House India. pp. 59–60. ISBN 978-81-8400-167-9. Archived from the original on 1 April 2024. Retrieved 24 July 2014.
  2. ^ a b c "Sify Technologies Ltd. ADS". The Wall Street Journal. Archived from the original on 8 January 2018. Retrieved 24 July 2014.
  3. ^ ""Sify registers 41% growth in Jan–Mar qtr"". The Times of India. Archived from the original on 12 June 2018. Retrieved 28 April 2018.
  4. ^ "Sify Technologies Company profile". Craft. Archived from the original on 26 September 2019. Retrieved 26 September 2019.
  5. ^ "Satyam Infoway changes name to Sify Ltd". Rediff.com. 7 January 2003. Archived from the original on 13 August 2018. Retrieved 12 August 2018.
  6. ^ a b Rao, Sidharth (2019). How I Almost Blew it: Incredible Lessons from India's Most Successful Digital Entrepreneurs. Westland Publications Private Limited. pp. 268–269. ISBN 9789388754378.
  7. ^ "Sify takes IndiaWorld with revised settlement". Business Line. 3 July 2000. Retrieved 24 July 2014.
  8. ^ "Satyam sponsors Olympic team". The Tribune. 26 August 2000. Archived from the original on 4 March 2016. Retrieved 24 July 2014.
  9. ^ "Help plant more trees through 'Sify Greenmail'". The Tribune. 19 January 2002. Archived from the original on 3 March 2016. Retrieved 24 July 2014.
  10. ^ "Makemytrip allies with Coke, Maruti, Sify – Travel portal targets 300% growth". Business Line. 28 March 2001. Retrieved 24 July 2014.
  11. ^ "New entrant in Internet service – BSNL to introduce broadband network in city". The Telegraph (India). 26 May 2004. Archived from the original on 29 July 2014. Retrieved 24 July 2014.
  12. ^ "Last mile connection goes wireless". The Hindu. 11 April 2002. Archived from the original on 30 July 2003. Retrieved 24 July 2014.
  13. ^ "Cyber café opened at IGI airport". The Hindu. 20 August 2003. Archived from the original on 5 August 2014. Retrieved 24 July 2014.
  14. ^ "Sify launches video-conferencing". The Tribune. 10 December 2003. Archived from the original on 4 March 2016. Retrieved 24 July 2014.
  15. ^ "PC games becoming more popular in Chennai". The Hindu. 2 May 2005. Archived from the original on 19 August 2006. Retrieved 24 July 2014.
  16. ^ "Satyam sells Sify to Silicon Valley's Raju Vegesna". DNA India. 10 November 2005. Archived from the original on 29 July 2014. Retrieved 24 July 2014.