Santa Clara, California, Oct. 29, 2018 (GLOBE NEWSWIRE) -- Sify Technologies Limited (NASDAQ: SIFY), headquartered at Chennai, India, the largest Indian ICT service provider with delivery capabilities across domestic and international Telecom Networks, Data Center, Cloud, Applications & Managed services and Systems Integration, today announced the appointment of Mr. Arun Seth as Independent Director and Member, Audit Committee based on the recommendations of the Nomination and Remuneration Committee of the Board.
The appointment was effected on October 22, 2018 and is subject to the approval of shareholders. With his appointment, Sify is now fully compliant with the NASDAQ Listing Rule 5605 on the number of Independent Directors on the Board and Audit Committee.
An alumni of the prestigious Le Martiniere school, Indian Institute of Technology, Kanpur and Indian Institute of Management, Calcutta, Mr. Seth is recognised as among the earliest Indian Telecom leaders. He started out as the founding Managing Director of British Telecom in India in 1995, helping it acquire a 45% stake in Airtel and seeing through its transformation, first to Mahindra BT and eventually to Tech Mahindra. He relinquished office as its non-Executive Chairman in 2012 after an illustrious stint on its Board for 17 years.
He currently serves as an Independent Director on the board of Jubilant Foodworks (Dominos), Narayana Health, Centum Learning (a Bharti Group co), Usha Breco Ltd, Serviont Global Solutions Ltd and Hunger Inc. Pvt Ltd (Restaurants). He has been a founding Charter Member of TiE Delhi and Indian Angel Network and advises/mentors a number of start-ups in the tech space in India and USA.
An active evangelist of the Software product eco-system, he co-chairs the NASSCOM Product Conclave and the NASSCOM Product Council. He had earlier served on the Executive Council of NASSCOM for 10+ years when in British Telecom and Alcatel.
He is very active with NGOs, currently chairing NASSCOM Foundation which drives CSR initiatives across the IT Industry. His particular focus has been in working with NGOs that support the disadvantaged sections. He has served on the Board of Governors for IIM Lucknow and IIIT Delhi and also been an Advisory board member of TERI and a Governing Member of the TERI University board. His peers recognize him as a resource consummate in Technology Innovation, General Management, Delivery, Program Management, Business Development, Sales & Off-shore operations. In his capacity as Independent Director, he will guide Sify as it seeks to consolidate its position as India’s most comprehensive ICT Solutions and Services leader.
Welcoming him to Sify, Chairman of the Board, Raju Vegesna, said, “It is my pleasure to announce the appointment of Arun to our Board. His experience on the operational, strategic and advocacy side and his vast network amongst the Indian IT fraternity makes him a valuable and relevant asset. I am confident that he will bring the right mixture of insight, knowledge and capabilities to help us navigate the transforming IT landscape.”
About Sify Technologies:
Sify is the largest ICT service provider, systems integrator, and all-in-one network solutions company on the Indian subcontinent. We’ve also expanded to the United States, with headquarters in the heart of California’s Silicon Valley.Over 8500 businesses have become Sify customers. We also partner with other major network operators to deliver global network solutions. Our customers can access Sify services via India’s largest MPLS network. Among the very few Enterprise class player in India, Sify, today has presence in more than 1600 cities in India and in North America, the United Kingdom and Singapore. Sify, www.sify.com, Sify Technologies and www.sifytechnologies.com are registered trademarks of Sify Technologies Limited. Discover how we can help guide your organisation in these times of ‘Digital’ here.
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 undertakes no duty to update any forward-looking statements. For a discussion of the risks associated with Sify’s business, please see the discussion under the caption “Risk Factors” in the company’s Annual Report on Form 20-F for the year ended March 31, 2018, which has been filed with the United States Securities and Exchange Commission and is available by accessing the database maintained by the SEC at www.sec.gov, and Sify’s other reports filed with the SEC.
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