Sify Explained

Sify Technologies Limited
Type:Public company
Genre:Information and communications technology
Founded:[1]
Founder:R. Ramaraj
Location City:Tharamani, Chennai, Tamil Nadu
Location Country:India
Industry:Internet
Revenue: (March 2018)[2]
Num Employees:2,655[3]

Sify Technologies Limited (formerly Satyam Infoway)[4] 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.[5] Sify was founded and led to IPO by R. Ramaraj.

History

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

In 2000, Sify sponsored the India Olympics team.[7] 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.[8] In March 2002, Sify made an agreement with Makemytrip to run Sify's travel portal.[9]

Sify used to run the i-Way chain of Internet cafes.[10] In 2002, Sify introduced wireless last mile connections with speeds up to 256 kbit/s.[11] By August 2003, it had over 1,000 i-Way cyber cafes in India.[12] In December 2003, Sify launched video-conferencing facilities in its Internet cafes.[13]

In 2004, Sify, with Level Up! Games, launched an MMORPG.[14] 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.[15]

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 million.[16]

See also

Notes and References

  1. Web site: Sify Technologies Ltd. ADS. 24 July 2014. The Wall Street Journal. 8 January 2018. https://web.archive.org/web/20180108202450/http://quotes.wsj.com/SIFY/company-people. live.
  2. Web site: "Sify registers 41% growth in Jan–Mar qtr" . 28 April 2018 . 12 June 2018 . https://web.archive.org/web/20180612095342/https://timesofindia.indiatimes.com/business/india-business/sify-registers-41-growth-in-jan-mar-qtr/articleshow/63902249.cms . live .
  3. Web site: Sify Technologies Company profile. Craft. 26 September 2019. 26 September 2019. https://web.archive.org/web/20190926125812/https://craft.co/sify-technologies. live.
  4. Web site: 7 January 2003 . Satyam Infoway changes name to Sify Ltd . 12 August 2018 . . 13 August 2018 . https://web.archive.org/web/20180813004828/http://www.rediff.com/money/2003/jan/07sify.htm . live .
  5. Book: Rao, Sidharth. How I Almost Blew it: Incredible Lessons from India's Most Successful Digital Entrepreneurs. Westland Publications Private Limited. 2019. 9789388754378. 268–269.
  6. News: Sify takes IndiaWorld with revised settlement. 24 July 2014. Business Line. 3 July 2000.
  7. News: Satyam sponsors Olympic team. 24 July 2014. The Tribune. 26 August 2000. 4 March 2016. https://web.archive.org/web/20160304002147/http://www.tribuneindia.com/2000/20000827/biz.htm#6. live.
  8. News: Help plant more trees through ‘Sify Greenmail’. 24 July 2014. The Tribune. 19 January 2002. 3 March 2016. https://web.archive.org/web/20160303221832/http://www.tribuneindia.com/2002/20020119/cth1.htm#18. live.
  9. News: Makemytrip allies with Coke, Maruti, Sify – Travel portal targets 300% growth. 24 July 2014. Business Line. 28 March 2001.
  10. News: New entrant in Internet service – BSNL to introduce broadband network in city. https://web.archive.org/web/20140729173915/http://www.telegraphindia.com/1040526/asp/guwahati/story_3291881.asp. dead. 29 July 2014. 26 May 2004. 24 July 2014. The Telegraph (India).
  11. News: Last mile connection goes wireless. https://web.archive.org/web/20030730190505/http://www.hindu.com/thehindu/seta/2002/04/11/stories/2002041100030300.htm. dead. 30 July 2003. 24 July 2014. The Hindu. 11 April 2002.
  12. News: Cyber café opened at IGI airport. https://archive.today/20140805001015/http://www.hindu.com/2003/08/20/stories/2003082007680400.htm. dead. 5 August 2014. 24 July 2014. The Hindu. 20 August 2003.
  13. News: Sify launches video-conferencing. 24 July 2014. The Tribune. 10 December 2003. 4 March 2016. https://web.archive.org/web/20160304000154/http://www.tribuneindia.com/2003/20031210/cth2.htm#9. live.
  14. News: PC games becoming more popular in Chennai. https://web.archive.org/web/20060819090952/http://www.hindu.com/lf/2005/05/02/stories/2005050212290200.htm. dead. 19 August 2006. 24 July 2014. The Hindu. 2 May 2005.
  15. Book: Anurag K. Agarwal. Business and Intellectual Property: Protect Your Ideas. 24 July 2014. 2010. Random House India. 978-81-8400-167-9. 59–60. 1 April 2024. https://web.archive.org/web/20240401063408/https://books.google.com/books?id=hp3kvvY3unMC&pg=PT59#v=onepage&q&f=false. live.
  16. News: Satyam sells Sify to Silicon Valley's Raju Vegesna. 10 November 2005. DNA India. 24 July 2014. 29 July 2014. https://web.archive.org/web/20140729180832/http://www.dnaindia.com/money/report-satyam-sells-sify-to-silicon-valleys-raju-vegesna-9316. live.

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