Mr. Raju Vegesna, Chairman, said, “India’s emergence as a global growth hub is no longer a forecast. It is a present-day reality. India is set to become the third-largest economy by 2030-31 with projected annual growth of 6.7%, according to S&P Global.
This growth is underpinned by liberal economic reforms, a vibrant startup ecosystem, and a demographic dividend. With over 1.2 billion mobile phone users and the second-largest internet user base globally, India is now a important test-bed for emerging technologies such as AI, 5G, and cloud computing.
Government initiatives like ‘Digital India’ and ‘Startup India’ have further accelerated tech innovation, with India now home to over 100 unicorns. For global enterprises, the convergence of policy support, digital infrastructure, and deep talent positions India as a growth opportunity that is both immediate and immense.”.
Mr. M P Vijay Kumar, ED & Group CFO, said, “We remain committed to cost efficiency and fiscal discipline, aligning our financial strategies with long-term value creation across all our businesses. While we plan essential investments for future readiness, our current results face multiple headwinds of depreciation, interest expenses, and rising manpower costs. Our approach remains to invest to build resilience, enhance operational agility, and capture emerging opportunities. The income tax expense includes tax, both current and deferred tax, of Rs.539 Million on profit of its data center subsidiary.
The cash balance at the end of the year was INR 6836 Million”.
BUSINESS HIGHLIGHTS
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The Revenue split between the businesses for the year was Data Center services 38%, Digital services 21% and Network services 41%.
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As of March 31, 2025, Sify provides services via 1137 fiber nodes across the country, a 10% increase over last year.
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As of March 31, 2025, Sify has deployed 1870 contracted SDWAN service points across the country.
CUSTOMER ENGAGEMENTS
Among the largest new contracts for the year were the following:
Data Center Services
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One of India’s earliest Security SaaS companies migrated from a competitor’ data center to Sify Data Center.
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One of the largest private banks in India nearly doubled their capacity for DR.
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One of the largest Public Sector lenders in India has signed up for significant capacity in our latest hyperscale data center campus in the west.
Digital services
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One of the largest private networks, the largest English media publishing group, an upcoming IT major and an MNC into heavy engineering signed up to migrate from their on-premise data center to multiple Cloud platforms.
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The largest housing lender, the largest NBFC, a joint venture steel making major and private capital advisor signed up for Greenfield cloud implementation.
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A subsidiary of an automobile major, a heavy engineering group, the largest MNC in India and a performance materials and specialty chemicals manufacturer signed up for services like DRaaS, PaaS and IaaS.
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The largest insurance player and the National insurance regulator signed up for Private Cloud commissioning at their data center.
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Multiple banks, a MNC in steel manufacturing, an NBFC and a retail major signed up for Managed services.
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Three of the largest banks and a paint manufacturing major were the largest signups for Security services, including building their Security Operations Center.
Network Services
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A Public Sector insurance major signed up for a full suite of Network connectivity services including SD-WAN services across 3500 locations.
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A major ITeS player signed up for security services for their entire rooster of clients.
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An upcoming regional player and a ITeS MNC signed up for Managed services for their clients in western and eastern India.
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A co-operative bank signed a multi-year deal for on-site NOC support services.
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The largest Indian clearing house for foreign currency settlement signed up for two different services in two regions.
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One of the largest vendors operating the ID authentication for India’s airport regulatory authority signed up for SD-WAN at multiple airports.
FINANCIAL HIGHLIGHTS
Unaudited Consolidated Income Statement as per IFRS (in INR Millions)
Management-defined Performance Measures (MPMs)
Sify uses Earnings before Interest, Tax, Depreciation and Amortisation (EBITDA) as the management-defined performance measure in its public communications. This measure is not specified by IFRS Accounting Standards and therefore might not be comparable to apparently similar measures used by other entities.
Management believes adjusting operating profit for these items provides comprehensive information of the company’s operating performance.
Reconciliation with Management-defined Performance Measures:
(In INR millions)
Segment Reporting:
(In INR millions)
Equity and Debt:
(In INR millions)
