Sify Technologies Ltd
About
Sify Technologies Limited was established on December 12, 1995. Sify was India’s first private ISP in 1998 and has since evolved into the country’s largest digital transformation company, offering a converged ICT ecosystem. The company is headquartered in Chennai. Raju Vegesna serves as the Chairman and Managing Director.It operates 11 state-of-the-art data centers, the largest MPLS network, and cloud-based platforms like Gen 5 CloudInfinit and InfinitDigital XaaS. The company collaborates with global OEMs to provide business transformation solutions for startups, SMEs, and large enterprises. Sify serves over 10,000 businesses across multiple industries, with a presence in 1,600+ cities across India. Internationally, it operates in North America, the United Kingdom, and Singapore.
Featured In Fortune India Ranking
Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 3766 13.1% | 3330 17.9% | 2824 14.1% | 2476 8.4% | 2284 -0.2% | 2288 11.8% | 2047 6.9% | 1914 22.0% | 1570 20.6% | 1301 22.0% | 1067 21.0% | 882 22.9% | 717 6.7% | 672 -12.7% | 770 20.5% | 639 - |
| Net Operating Income (INR Cr) | 3563 6.68% | 3340 23.60% | 2703 11.13% | 2432 5.96% | 2295 6.52% | 2155 4.16% | 2069 12.23% | 1843 22.59% | 1503 16.85% | 1287 22.97% | 1046 0.00% | 821 17.81% | 697 6.17% | 657 0.35% | 654 6.18% | 616 32.79% |
| Profit (INR Cr) | 5 -92.8% | 67 -47.0% | 127 -16.9% | 153 117.2% | 71 -34.0% | 107 15.8% | 92 43.7% | 64 46.6% | 44 22.4% | 36 2.8% | 35 -18.2% | 43 - | -24 - | -54 - | 36 - | -79 - |
| Assets (INR Cr) | 5490 28.9% | 4260 26.1% | 3378 31.5% | 2569 9.8% | 2340 14.4% | 2045 28.4% | 1593 14.2% | 1395 9.9% | 1269 20.3% | 1055 9.1% | 968 15.7% | 836 13.4% | 738 14.2% | 646 -5.2% | 682 1.6% | 671 - |
| Net Worth (INR Cr) | 2404 40.1% | 1716 18.4% | 1449 10.1% | 1316 16.0% | 1135 5.3% | 1078 19.7% | 900 9.0% | 826 10.2% | 750 6.6% | 704 2.8% | 684 0.0% | 631 7.2% | 588 27.9% | 460 11.1% | 414 9.7% | 377 -21.5% |
| Employee Cost (INR Cr) | 531 19.3% | 445 25.1% | 356 16.3% | 306 -3.4% | 317 11.4% | 284 10.8% | 257 18.9% | 216 12.5% | 192 20.3% | 160 25.9% | 127 24.5% | 102 4.1% | 98 -2.9% | 101 -18.4% | 123 -25.4% | 165 - |
| Interest Cost (INR Cr) | 227 | 165 | 110 | 96 | 105 | 73 | 50 | 44 | 57 | 51 | 37 | 24 | 27 | 25 | 29 | 27 |
| Cash & Bank Balance (INR Cr) | 583 | 485 | 457 | 550 | 265 | 221 | 225 | 185 | 170 | 148 | 127 | 87 | 83 | 51 | 86 | 171 |
| Total Debt (INR Cr) | 2709 | 2243 | 1679 | 1136 | 1086 | 831 | 579 | 492 | 452 | 294 | 238 | 180 | 125 | 166 | 267 | 293 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 0.1% | 2.0% | 4.5% | 6.2% | 3.1% | 4.7% | 4.5% | 3.4% | 2.8% | 2.8% | 3.3% | 4.8% | - | - | 4.7% | - |
| Profit As % Of Assets | 0.1% | 1.6% | 3.8% | 6.0% | 3.0% | 5.2% | 5.8% | 4.6% | 3.5% | 3.4% | 3.6% | 5.1% | - | - | 5.3% | - |
| Profit As % Of Networth | 0.2% | 3.9% | 8.8% | 11.6% | 6.2% | 9.9% | 10.3% | 7.8% | 5.8% | 5.1% | 5.1% | 6.8% | - | - | 8.7% | - |
| Interest Cost to EBITDA % | 33.9% | 26.3% | 18.2% | 19.0% | 25.9% | 23.7% | 17.4% | 17.0% | 23.1% | 25.4% | 23.0% | 26.7% | 53.0% | 107.0% | 159.8% | - |
| Debt to Equity Ratio | 1.13 | 1.31 | 1.16 | 0.86 | 0.96 | 0.77 | 0.64 | 0.60 | 0.60 | 0.42 | 0.35 | 0.28 | 0.21 | 0.36 | 0.65 | 0.78 |
| RONW | 0.2% | 4.3% | 9.2% | 12.5% | 6.4% | 10.8% | 10.7% | 8.2% | 6.0% | 5.2% | 5.1% | 6.0% | - | - | -0.6% | - |
| ROCE | 5.1% | 7.0% | 10.0% | 10.4% | 9.5% | 9.9% | 9.5% | 8.1% | 8.6% | 8.6% | 7.5% | 7.5% | 0.0% | 0.0% | 3.4% | 0.0% |