Sify reports Revenues of INR 39886 Million during FY 2024-25

The company witnessed a revenue of INR 39886 Million, an increase of 12% over last year, with EBITDA INR 7562 Million, an increase of 12% over last year.

 


India’s digital transformation journey has gained unprecedented momentum over the past few years, powered by bold government initiatives such as ‘Digital India’ and ‘Startup India’. These efforts have fostered a dynamic environment for technological innovation, making the country home to over 100 unicorns. The confluence of policy support, expanding digital infrastructure, and a highly skilled workforce is now positioning India as an immediate and immense growth opportunity for global enterprises. In this evolving landscape, Sify Technologies has continued to play a critical role, supporting enterprises across industries with its integrated portfolio of Data Center, Digital, and Network services.

For the year ending March 31, 2025, Sify reported a revenue split of 38% from Data Center services, 21% from Digital services, and 41% from Network services. The company now delivers its services through 1,137 fiber nodes, marking a 10% growth over the previous year, and has deployed 1,870 contracted SD-WAN service points across the country. These figures reflect both the expanding reach of Sify's infrastructure and the growing demand for its services across industries ranging from banking and media to engineering and insurance.

Mr. M P Vijay Kumar, Executive Director & Group CFO, emphasized the company’s financial strategy amidst a dynamic economic environment. “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,” he said. 

He also disclosed that the income tax expense included a tax amount of Rs. 539 million on profits earned by its data center subsidiary. As of the end of the financial year, Sify’s cash balance stood at INR 6,836 million, reflecting a robust financial footing.

Customer wins during the year showcased Sify’s growing footprint in mission-critical environments. In the Data Center space, a Security SaaS pioneer migrated from a rival data center to Sify, while a leading private bank nearly doubled its disaster recovery capacity. A major Public Sector bank also committed to significant space at Sify’s hyperscale facility in the west. On the Digital services front, enterprises like a leading housing finance company, a steel JV, and a major NBFC signed up for cloud transformations, while large media and IT firms migrated from on-premise to hybrid cloud environments. Meanwhile, Managed services, Greenfield cloud setups, and security services—including building Security Operations Centers for three top banks—emerged as key digital engagements.

Network Services too saw strong traction, with a Public Sector insurance major onboarding for a complete suite of connectivity services, including SD-WAN at 3,500 locations. Additionally, MNCs and co-operative banks signed multi-year contracts for network operations support, while a major vendor managing ID verification at Indian airports opted for SD-WAN services across multiple terminals.

Commenting on the broader macroeconomic and strategic context, Mr. Raju Vegesna, Chairman of Sify Technologies, stated, “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 an important test-bed for emerging technologies such as AI, 5G, and cloud computing.”

Sify’s continued investment in infrastructure, its expanding service footprint, and its focus on digital innovation reflect a strategic alignment with India’s national vision for digital leadership. As enterprises look to scale and secure their operations in this rapidly transforming economy, Sify remains a trusted partner, poised to shape and support India’s digital future.

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