Mr. Raju Vegesna, Chairman, said, “The digital tsunami that swept India during Covid has settled into a steady adoption by both public and private enterprises. Enterprises are eager to unlock the power of digital automation measures to transition to the next phase of growth.
Sify is in the right place with the right set of assets and skills to help them realise their digital ambitions”.
Mr. Kamal Nath, CEO, said, “FY 2023 has set the tone for a massive digitalization drive among all sections of Enterprises, Public sector and Government customers. This puts Sify on the fast track to meet customer demands, which in turn offers potential for accelerated growth.
There has never been a previous period of uniform, accelerated growth opportunities for each of our three major service lines like Data Center infrastructure, Network infrastructure and Digital services.
The unique opportunity for Sify in the coming years is our ability to deliver transformational outcomes using a combination of these three services”.
Mr. M P Vijay Kumar, ED & Group CFO, said, “Our strategy to separate the business into three units is bearing fruit, with each business focussed on its unique opportunities and attracting appropriate business investments and partnerships.
Our investment philosophy is multi-pronged. Invest in new locations for Data Centers for long-term growth, expand capacity at current Data Centers to capture immediate demand, strengthen our network and cloud interconnects, while expanding our people strength with the necessary skills, tools and processes.
All of this while staying cost-competitive and fiscally diligent.
Cash balance at the end of the year was INR 4,579 Million”.
BUSINESS HIGHLIGHTS
- The Revenue split between the businesses for the year was Data Center colocation services 30%, Digital services 30% and Network services 40%.
| Business Revenue (INR Millions) | FY 2022-23 | FY 2021-22 | Q4 2022-23 | % Growth FY 2022-23 vs FY 2021-22 |
| Data Center services | 10,125 | 7,494 | 2,554 | 35% |
| Digital Services | 9,988 | 7,520 | 2,792 | 33% |
| Network services | 13,291 | 12,012 | 3,515 | 11% |
| TOTAL | 33,404 | 27,026 | 8,861 | 24% |
- As on March 31, 2023, Sify provides services via 892 fiber nodes across the country, a 9% increase over last year.
- As on March 31, 2023, Sify has invested USD 2.09 million in start-ups in the Silicon Valley area as part of our Corporate Venture Capital initiative. To date, the cumulative investment stands at USD 5.38 Million.
CUSTOMER ENGAGEMENTS
Among the most prominent new contracts during the quarter were the following:
Data Center Services
- The banking and asset management arm of an international bank, a financial services player and two domestic public sector banks signed up to migrate from their on-premise Data Center to Sify.
- A private bank expanded their engaged with Sify for colocation space.
- Three scheduled banks, a financial services major and a government agricultural lending body migrated from the competition to Sify Data Center.
- An international Cloud security major contracted Sify for capacity expansion across multiple locations in India and to also upgrade their Internet protocol transit infra.
Digital services
- Among those who moved from their on-premise Data Center to our multiple cloud platforms were India’s largest private bank, a State Data Center, a cooperative bank, a health services major, multiple financial services players, a retail major, a logistics player and a co-operative bank.
- One of India’s largest public sector banks, a global steel producer, the apex body for insurance regulations, a healthcare chain and a distribution chain for a global heavy equipment manufacturer contracted for a Greenfield Cloud implementation.
- The largest steel producer, an insurance major, a state eGovernance platform and multiple manufacturing majors signed up for services such as DRaaS, PaaS and IaaS.
- A public sector bank and two state data centers signed up to commission private cloud at their on-premise Data Centers.
- Among those who contracted for managed services were a state government, a retail major, a large public sector insurance company, the central bank’s training body and a state power distribution arm.
- A Public sector bank and a government utility body signed up for security infrastructure and managed services.
- Sify delivered one of the largest tranches of online assessments across India for one of the largest defence research establishments.
- One of the largest oil major, a refrigeration MNC and a retail major signed up for Sify’s supply chain management solutions.
- An oil refining major, the country’s premier stock exchange, a digital wallet and multiple banks signed up for digital certification services.
Network Services
- A spirits major contracted Sify to build their factory network under an IoT coverage.
- The central bank’s IT subsidiary, a steel major and a hydrocarbon player contracted to build edge networks.
- Sify was contracted to expand the MPLS connectivity for the IT arm of the Central bank besides multiple other private and public sector bank.
- A subsidiary of the Central bank, a retail major and a private banking major contracted Sify for managed and secure SDWAN service.
- One of the top four consulting majors and two retail majors signed up for Contact Center as a Service.
- During the quarter, Sify commissioned the Kolkata gateway and metro fibre connect in 10 major cities.
- A Public sector bank, a state government legal wing and one of the largest refining majors signed up for collaboration services at their premises.
- An automobile major, a manufacturing conglomerate and a public sector bank signed up for Network integration services.
FINANCIAL HIGHLIGHTS
