Digital infrastructure investments continue as company eyes long-term growth amid India’s tech boom
ICT solutions provider Sify Technologies has reported consolidated revenues of INR 39,886 million for the financial year ending March 31, 2025, reflecting a 12% year-on-year growth. The company’s EBITDA stood at INR 7,562 million, also up by 12%, but it reported a net loss of INR 785 million, largely attributed to depreciation, interest costs, and rising manpower expenses.
Despite the loss, Sify continued strategic investments with a capital expenditure of INR 12,745 million during the year. The company ended the fiscal with INR 6,836 million in cash reserves.
Raju Vegesna, Chairman of Sify Technologies, said the company remains optimistic about India’s digital trajectory.
“India’s position as a global growth hub is no longer a forecast but a present-day reality. The convergence of digital infrastructure, policy support, and talent is creating unprecedented opportunities.”
— Raju Vegesna, Chairman, Sify Technologies
“India’s position as a global growth hub is no longer a forecast but a reality. With over 1.2 billion mobile users and deep policy support for digital innovation, India offers immense opportunities for emerging technologies like AI, 5G, and cloud,” Vegesna stated.
M P Vijay Kumar, Executive Director and Group CFO, acknowledged challenges in the current fiscal landscape.
“We are navigating increased depreciation, interest, and manpower costs while investing for long-term resilience and agility. Our data center subsidiary also contributed INR 539 million in taxes,” he said.
Business Segment Performance
Sify’s business revenue split for FY 2024-25 was:
- Network Services: 41%
- Data Center Services: 38%
- Digital Services: 21%
As of March 2025, Sify operated 1,137 fiber nodes (up 10% YoY) and had 1,870 SD-WAN service points deployed across India.
Major Client Wins
Sify reported several new enterprise wins across sectors:
- Data Centers: A leading Security SaaS firm migrated from a rival to Sify; a top private bank expanded DR capacity; a public sector bank signed up for hyperscale data center capacity.
- Digital Services: Sify secured cloud migration and implementation deals with banks, NBFCs, MNCs, and insurance regulators. DRaaS, PaaS, IaaS, and SOC services saw widespread adoption.
- Network Services: Key wins included a public sector insurance firm’s 3,500-site SD-WAN project and managed network/security services for ITeS players, co-operative banks, and national regulators.