) | |
| Type | Public company |
|---|---|
| Industry | Internet |
| Genre | Information and communications technology |
| Founded | 12 December 1995[1][2] |
| Founder | R. Ramaraj |
| Headquarters | , |
Area served | |
Key people | Kamal Nath (CEO) Raju Vegesna (Chairman & managing director) Vijay Kumar(CFO) |
| Products |
|
| Revenue |  ₹25.07 billion (US$350 million) (to March 2018),[3] |
Number of employees | 2,655[4] |
| Website | sifycorp |
Sify Technologies Limited (formerly Satyam Infoway)[5] is an Indian information and communications technology company providing end to end ICT solutions including telecom services, data center services, cloud & managed services, transformation integration services and application integration services. Sify Technologies Limited played an important role during the early spread of Internet and e-commerce in India. It has been listed on NASDAQ as SIFY since October ,1999. Merill 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 March 2002, Sify made an agreement with Makemytrip to run Sify's travel portal.[9] In January 2002, Sify announced prizes for most emails sent under a 6-week contest called "Sify Greenmail", promoting emails as an ecofriendly way of communication.[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 kbps.[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 a 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
- Satyam Infoway Ltd. v. Sifynet Solutions Pvt. Ltd.
- Mahindra Satyam
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. Retrieved 24 July 2014.
- ^ a b c "Sify Technologies Ltd. ADS". The Wall Street Journal. Retrieved 24 July 2014.
- ^ "Sify registers 41% growth in Jan–Mar qtr"
- ^ "Sify Technologies Company profile". Craft. Retrieved 26 September 2019.
- ^ "Satyam Infoway changes name to Sify Ltd". Rediff.com. 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. Retrieved 24 July 2014.
- ^ "Makemytrip allies with Coke, Maruti, Sify – Travel portal targets 300% growth". Business Line. 28 March 2001. Retrieved 24 July 2014.
- ^ "Help plant more trees through 'Sify Greenmail'". The Tribune. 19 January 2002. Retrieved 24 July 2014.
- ^ "New entrant in Internet service – BSNL to introduce broadband network in city". The Telegraph (India). 26 May 2004. Retrieved 24 July 2014.
- ^ "Last mile connection goes wireless". The Hindu. 11 April 2002. Retrieved 24 July 2014.
- ^ "Cyber café opened at IGI airport". The Hindu. 20 August 2003. Retrieved 24 July 2014.
- ^ "Sify launches video-conferencing". The Tribune. 10 December 2003. Retrieved 24 July 2014.
- ^ "PC games becoming more popular in Chennai". The Hindu. 2 May 2005. Retrieved 24 July 2014.
- ^ "Satyam sells Sify to Silicon Valley's Raju Vegesna". DNA India. 10 November 2005. Retrieved 24 July 2014.