18.10.2007 12:03:00
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M.P. Vijay Kumar Joins Sify Technologies Limited as Chief Financial Officer
Sify Technologies Limited (NASDAQ Global Market: SIFY), a leader in
Consumer Internet and Enterprise Services in India with global delivery
capabilities, announced today the appointment of M.P. Vijay Kumar as
Chief Financial Officer.
Commenting on his appointment, Mr. Raju Vegesna, Board Chairman and
MD and CEO, Sify Technologies Limited, said, "I am very pleased to
announce the appointment of Mr. Vijay Kumar as Chief Financial Officer.
We are delighted to have him on board with us at a time when we have
aggressive growth plans. Given his deep understanding and experience in
the finance domain, I am confident he will add significant value to Sify’s
Strategic Financial Planning & Investment Strategies."
Mr. Vijay Kumar said, "I am really excited to be a part of the
Sify team and look forward to working with the team to build this
business."
Vijay Kumar's areas of specialization include Financial/Management
Consulting, Legal Advisory Services and Management Audit. After a 7-year
stint with Sundaram Finance Services Ltd, Chennai, Vijay Kumar left them
as Asst. General Manager (Investment Banking) to set up his independent
Audit & Consultancy practice.
A rank holder in Chartered Accountancy and a resource person on
Accountancy, Corporate Laws and the Capital market, Vijay Kumar is also
a Fellow Member of the Institute of Chartered Accountants of India,
Fellow Member of the Institute of Company Secretaries of India,
Associate member of the Institute of Cost and Works Accountants of India
and the Bharathidasan Institute of Management. He has also authored
various books on accounting profession.
Vijay Kumar has also been a member of the Accounting Standards Board of
ICAI, Editorial Board of SIRC of ICAI, Corporate Laws committee of ICAI,
member of several study groups of SIRC of ICAI on Accounting Standards
and Company Law.
About Sify
Sify is among the largest Internet, network and e-Commerce services
companies in India, offering end-to-end solutions with a comprehensive
range of products delivered over a common Internet backbone
infrastructure. This Internet backbone reaches 221 cities and towns in
India. A significant part of the company's revenue is derived from
Corporate Services, which include corporate connectivity, network and
communications solutions, security, network management services,
enterprise applications and hosting. A host of blue chip customers use
Sify's corporate service offerings. Consumer services include broadband
home access, dial up connectivity and the iWay cyber café
chain across 163 cities and towns. Sify is recognized as an ISO
9001:2000 certified service provider for network operations, data center
operations and customer support, and for provisioning of VPNs, Internet
bandwidth, VoIP Solutions and integrated security solutions, and BS7799
certified for Internet Data Center operations. Sify.com the consumer
portal of Sify has sub portals like www.samachar.com,
www.walletwatch.com, www.sifymax.com
and www.chennailive.in, www.bangalorelive.in,
www.mumbailive.in, www.hyderabadlive.in
the city based live video on the web. The content is available in 5
Indian languages, which include Hindi, Malayalam, Telugu, Kannada and
Tamil.
For more information about Sify, visit www.sifycorp.com.
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 "Risks Related to
Our Business" in the company's report on Form 20-F for the year ended
March 31, 2007 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.
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