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CHENNAI, India - Sify Technologies Limited (NASDAQ:SIFY), a prominent player in India’s telecommunications sector with a market capitalization of $304 million and year-to-date stock returns of nearly 47%, announced Tuesday the appointment of Dr. Ram Sewak Sharma to its board of directors, adding a veteran administrator with extensive experience in India’s technology and telecommunications sectors.
Dr. Sharma, a former Indian Administrative Service officer from the 1978 Jharkhand cadre, previously served as the founding Director General of the Unique Identification Authority of India (UIDAI), where he helped launch Aadhaar, India’s biometric identity system. He also held positions as Chairman of the Telecom Regulatory Authority of India (TRAI) and Secretary of the Department of Electronics and Information Technology. According to InvestingPro data, this appointment comes as Sify demonstrates strong revenue growth of 12% year-over-year, with annual revenue reaching $467 million.
"As Sify scales, Dr. Sharma’s experience and ringside view of technology-enabled operations are valuable strengths from which Sify can gain," said Raju Vegesna, Chairman of Sify Technologies, in a press release statement.
Dr. Sharma holds a master’s degree in mathematics from the Indian Institute of Technology (IIT) Kanpur, a master’s in computer science from the University of California, Riverside, and a PhD from IIT Delhi.
Sify Technologies describes itself as a Digital ICT solutions provider with capabilities across data centers, cloud, networks, security and digital services. The company serves over 10,000 businesses across India and maintains an international presence in North America, the United Kingdom, UAE and Singapore. InvestingPro subscribers can access detailed analysis and 8 additional key insights about Sify’s financial health, which is currently rated as FAIR, along with comprehensive valuation metrics in the Pro Research Report.
In other recent news, Sify Technologies Limited has introduced a new pay-per-use model for its AI Cloud Services, aiming to meet the growing demand for AI capabilities. This development comes as Sify expands its portfolio of DGX-Ready Data Centers, with new certifications in Chennai and Noida, joining the previously certified Navi Mumbai center. The company has implemented an hourly colocation pricing program that includes hosting, power, and infrastructure costs, designed to reduce entry barriers and fixed-cost risks for GPU Cloud partners. Sify’s infrastructure supports various NVIDIA platforms, including liquid-cooled variants, enhancing flexibility for AI market adaptation. CEO Sharad Agarwal emphasized the significance of Sify’s investment in cutting-edge infrastructure, resulting in the largest network of NVIDIA-certified data centers in India. This strategic move is expected to accelerate the deployment of AI platforms for on-demand applications across the country. According to IDC Asia Pacific’s Rajiv Ranjan, India’s skilled workforce and cost-effective digital infrastructure position it as a key player in the global AI landscape. Sify’s new pricing model is seen as a strategic innovation that could further bolster India’s standing as a hub for AI workloads.
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