Sify

Company type	Public company
Traded as	Nasdaq: SIFY; FWB: SIFY;
Industry	Internet
Genre	Information and communications technology
Founded	12 December 1995; 29 years ago
Founder	R. Ramaraj
Headquarters	Tharamani, Chennai, Tamil Nadu, India
Area served	India; United States of America; United Kingdom; Singapore; Dubai;
Key people	Raju Vegesna (Chairman & managing director); Vijay Kumar (CFO);
Products	Corporate network; Internet access; Online portal; e-commerce; e-learning software;
Revenue	₹2,507 crore (US$300 million) (March 2018)
Number of employees	2,655
Website	www.sifytechnologies.com
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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]

References

^ ^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.
^ ^a ^b ^c "Sify Technologies Ltd. ADS". The Wall Street Journal. Archived from the original on 8 January 2018. Retrieved 24 July 2014.
^ ""Sify registers 41% growth in Jan–Mar qtr"". The Times of India. Archived from the original on 12 June 2018. Retrieved 28 April 2018.
^ "Sify Technologies Company profile". Craft. Archived from the original on 26 September 2019. Retrieved 26 September 2019.
^ "Satyam Infoway changes name to Sify Ltd". Rediff.com. 7 January 2003. Archived from the original on 13 August 2018. Retrieved 12 August 2018.
^ ^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.
^ "Sify takes IndiaWorld with revised settlement". Business Line. 3 July 2000. Retrieved 24 July 2014.
^ "Satyam sponsors Olympic team". The Tribune. 26 August 2000. Archived from the original on 4 March 2016. Retrieved 24 July 2014.
^ "Help plant more trees through 'Sify Greenmail'". The Tribune. 19 January 2002. Archived from the original on 3 March 2016. Retrieved 24 July 2014.
^ "Makemytrip allies with Coke, Maruti, Sify – Travel portal targets 300% growth". Business Line. 28 March 2001. Retrieved 24 July 2014.
^ "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.
^ "Last mile connection goes wireless". The Hindu. 11 April 2002. Archived from the original on 30 July 2003. Retrieved 24 July 2014.
^ "Cyber café opened at IGI airport". The Hindu. 20 August 2003. Archived from the original on 5 August 2014. Retrieved 24 July 2014.
^ "Sify launches video-conferencing". The Tribune. 10 December 2003. Archived from the original on 4 March 2016. Retrieved 24 July 2014.
^ "PC games becoming more popular in Chennai". The Hindu. 2 May 2005. Archived from the original on 19 August 2006. Retrieved 24 July 2014.
^ "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.

External links

Official website

[Agarwal2010-1] 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.

[wsj-2] "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.

[sidharthrao-6] 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.

[Indiaworld-7] "Sify takes IndiaWorld with revised settlement". Business Line. 3 July 2000. Retrieved 24 July 2014.

[olympic-8] "Satyam sponsors Olympic team". The Tribune. 26 August 2000. Archived from the original on 4 March 2016. Retrieved 24 July 2014.

[greenmail-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.

[makemytrip-10] "Makemytrip allies with Coke, Maruti, Sify – Travel portal targets 300% growth". Business Line. 28 March 2001. Retrieved 24 July 2014.

[i-way-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.

[wireless-12] "Last mile connection goes wireless". The Hindu. 11 April 2002. Archived from the original on 30 July 2003. Retrieved 24 July 2014.

[IGI-13] "Cyber café opened at IGI airport". The Hindu. 20 August 2003. Archived from the original on 5 August 2014. Retrieved 24 July 2014.

[iMeet-14] "Sify launches video-conferencing". The Tribune. 10 December 2003. Archived from the original on 4 March 2016. Retrieved 24 July 2014.

[MMORPG-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.

[sold-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.

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