Sify Technologies Breaks Into Top 50 in Fortune India’s “The Next 500” Ranking

Sify Technologies Limited (NASDAQ NM: SIFY), 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.