Sify Technologies Announces Appointment of Dr. Ajay Kumar as Director on Board

CHENNAI, India, July 03, 2024 (GLOBE NEWSWIRE) — Sify Technologies Limited (NASDAQ: SIFY), India’s leading digital ICT solutions provider with global service capabilities spanning data centers, cloud, networks, security and digital services, today announced the appointment of Dr. Ajay Kumar as the new Director on the Board of Sify Technologies Limited.

A 1985 batch Indian Administrative Service officer, Dr. Ajay Kumar has served as the Defence Secretary, Government of India and has deep expertise in technology and policy. Earlier, as the head of several government undertakings, he has scripted major successes in the defence industry ecosystem including the defence startup ecosystem through iDEX between 2017 and 2022, Digital India initiatives including Aadhaar, UPI, Jeevan Pramaan between 2014 and 2017 among others. Dr. Kumar has been instrumental in enhancing the performance of public sector defence undertakings between 2018 and 2022 and in promoting startups in the drone and space sector between 2020 and 2021.

Dr. Kumar holds a B.Tech in Electrical Engineering, a Masters in Applied Economics from the University of Minnesota and a Doctorate in Business Administration from the Carlson School of Management at the University of Minnesota.

In retirement, Dr. Kumar assumed the position of Distinguished Visiting Professor in the Department of Management Sciences and Department of Economics, Indian Institute of Technology, Kanpur.

Welcoming him on board, Mr. Raju Vegesna, Presidentsaid: “We are delighted to welcome Dr. Kumar on board. I am confident that his extensive experience across multiple industries will add value to our business strategy and corporate governance.”

Dr. Ajay Kumar said, “It gives me great pleasure to join the Board of Directors of Sify Technologies Limited. Sify is uniquely positioned with its converged ecosystem of networks, data centers and digital tools. Over the years, they have also built a strong reputation for corporate governance.”

Mr. Vegesna “Three of our longest serving directors, Dr. TH Chowdary, Mr. CB Mouli and Mr. CES Azariah, are stepping down from the board at the end of their term. I and the entire Sify family have benefited immensely from their mentorship and extend our sincere thanks and deepest appreciation to them for their service,” the company’s Chairman concluded.

About Sify Technologies

Sify Technologies, a Fortune India 500 company, is India’s most comprehensive ICT services and solutions provider. With Cloud at the core of its solution portfolio, Sify focuses on the evolving ICT needs of the emerging digital economy and the resulting demands of large, medium and small businesses.

Sify’s infrastructure, including state-of-the-art data centers, largest MPLS network, partnership with global technology leaders and deep expertise in cloud-based business transformation solutions, makes it the first choice for startups, SMEs and even large enterprises on the verge of restructuring.

Over 10,000 businesses across industries have leveraged our undisputed trio of data centres, networks and digital services and are seamlessly operating from over 1,600 cities across India. Internationally, Sify has presence in North America, UK, UAE and Singapore.

Sify, www.sify.com, Sify Technologies and www.sifytechnologies.com are registered trademarks of Sify Technologies Limited.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Sify assumes no obligation to update any forward-looking statements.

For a discussion of risks associated with Sify’s business, please see the discussion under the heading “Risk Factors” in the Company’s Annual Report on Form 20-F for the year ended March 31, 2024, which has been filed with the U.S. Securities and Exchange Commission and is available by accessing the database maintained by the SEC at www.sec.gov, as well as Sify’s other reports filed with the SEC.

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