BNET Industries

Market Cap:$74.9M
Last Fiscal Year Sales:$151.9M
  • Public
  • IN
Dow Jones Description

We are one of the largest integrated Internet, network and electronic commerce services company in India, offering end-to-end solutions with a comprehensive range of services delivered over a common Internet backbone infrastructure. Our services enable our business and consumer customers to communicate, transmit and share information, access online content and conduct business remotely using our private data network or the Internet. Our Internet and network services include the following: Corporate Network/Data Services . We offer a suite of technology and network-based services that provide our corporate customers with comprehensive Internet and private network access. Our services enable our corporate customers to offer a full range of business-to-business and electronic commerce related services. We also provide managed infrastructure services and managed securities services in all aspects of infrastructure services, network security and hosting, with digital certificates based authentication service. Internet Access Services . We offer dial-up Internet access, e-mail and web page hosting to consumers in India through convenient online registration and user-friendly software. In addition, we offer public Internet access to consumers through a retail chain of iway cybercafes. We also have agreements with certain cable television operators through which we offer Internet access through cable. ...

Number of Employees 2,279
Contact Information

Tidel Park 2nd Floor

Chennai, Taramani

www.sify.com

(91) 44 2254 0770 77

NAICS Code Custom Computer Programming Services: 541511

Recent Events

  • Sify Technologies to Report Second Quarter Fiscal Year 2009-2010 Financial Results on Friday, October 16,...

    10/10/09 - Financial Announcement - View Story

  • Sify and Synchronica to Offer Hosted Mobile Email and Synchronization to Businesses and Consumers in...

    1/14/09 - Joint Venture / Alliance - View Story

  • Sify.com Launches Interactive Gaming Site 'ANTZILL'

    1/06/09 - Product Announcement - View Story

  • Sify Technologies Q2 Revenues at $ 34.40 million

    10/31/08 - Financial Announcement - View Story

  • Sify to launch WiMAX with Redline

    7/29/08 - Product Announcement - View Story

  • Sify Names Chief Architect

    5/29/07 - Mgmt. Change - Entering - View Story

  • Sify Q4 Turns To Loss On Provision For Doubtful Debts - Update [SIFY]

    4/23/07 - Financial Announcement - View Story

  • Sify's David Appasamy Is Vice Chair of the Internet and Telecoms

    4/19/07 - Mgmt. Change - Entering - View Story

News & Analysis

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earnings and financial accounting and sify ltd. - All News and Analysis

Decision Makers

Name (plus bio) Position
Anthony J. Richmond
Raju Vegesna CEO & Managing Director
Anil Ahuja CFO
Aravind Mathur Chief Architect
Arvind Mathur Chief Architect, Global Services
Baskar R. Sayyaparaju CTO
Bhaskar Sayyaparaju Chief Technology Officer
C V S Suri COO
C.V.S. Suri COO
David Appasamy Chief Comm Officer
Durgesh Mehta Chief Financial Officer
P Vijay Kumar Chief Financial Officer
Suri Venkat Chief Operating Officer
Vijay M.P. Kumar CFO
Suya Mantha Senior Vice President
J. Avinash Vice President
Shrikant Joshi Vice President
V.V. Kannan Vice President
Ajay Keswani Regional Manager, North
Gokul Jayaram Senior Account Manager, Samachar
Shivam Narain Regional Manager, South
Anita Raheja
Hari Kumar
Jagjeet Singh
K. N. Ajith Head & HR
Premlesh Machama National Head, Sales
Venkata Rao Mallineni Advisor, Business Strategy

Board of Directors

Name (plus bio) Position
Ananda Raju Vegesna Board of Directors
C. B. Mouli Board of Directors
P.S. Raju Board of Directors
S. R. Sukumara Board of Directors
S.K. Rao Board of Directors
Srinivasa C. Raju Board of Directors
T. H. Chowdary Board of Directors
T.H. Chowdary Board of Directors
V. Srinivas Board of Directors

Tony Richmond is a partner in the firm's Silicon Valley office. He has significant experience in finance and securities matters involving public and private companies, as well as in mergers and acquisitions, tender offers and leveraged recapitalizations. Recent merger transactions include the acquisition of control of IMP, Inc. by TeamAsia Semiconductor of India, the sale of PictureWorks Technology to Internet Pictures Corporation and the acquisition of Metro-Optix, Inc. from Ericsson, Inc. Recent public offerings include initial public offerings by Sify Limited, Satyam Computer Services, Vicinity Corporation and Infosys Technologies Limited. Mr. Richmond also regularly represents institutional equity investors in a variety of assignments, and acts as outside general counsel for several public companies. Private equity representations include venture capital, advanced stage and buy-out and recapitalization financings sponsored by firms such as JPMorgan, Norwest Equity Partners and Broadview Capital. Mr. Richmond received a B.S. degree in finance and accounting from the Haas School of Business at the University of California at Berkeley in 1982, where he received the Departmental Citation as the top academic graduate in a class of approximately 240. He was employed for three years by a Big-4 public accounting firm as a senior accountant, with experience in audit and federal and state taxation. In 1988, Mr. Richmond received his J.D. from the Boalt Hall School of Law at the University of California at Berkeley, graduating in the top five percent of his class. He joined Latham & Watkins as an associate in November of 1988. Mr. Richmond is admitted to practice in California, where he is also licensed as a Certified Public Accountant.

Organization Position Status
Latham & Watkins Partner, Corporate Department Current
Satyam Computer Services Ltd. Current
Norwest Equity Partners Current
Sify Limited Current
Infosys Technologies Limited Current
University of California, Berkeley, School of Law - Boalt Hall J.D. Former

"Raju Vegesna, a highly respected Silicon Valley entrepreneur, moved from India to the United States to study, following which he became one of the Valley's most innovative engineers. He then leveraged his technical and market expertise to found two leading edge technology companies: ServerWorks Corporation and ServerEngines LLC. ServerWorks began as a four-person company in 1994. Under Mr. Vegesna's visionary leadership, it quickly grew to a highly profitable powerhouse, dominating the market for Intel based PC Server Chipsets. In 2001, seven years after its formation, ServerWorks was acquired by Broadcom Corporation for approximately $1.8 billion. After selling ServerWorks and working for Broadcom for a brief time, Mr. Vegesna founded and currently serves as Chairman and CEO of ServerEngines, LLC, a rapidly growing Silicon Valley-based company engaged in the development of innovative enterprise computing products. The company has offices in Silicon Valley, Austin (Texas) and Hyderabad (India). Mr. Vegesna's investment company, Infinity Capital Ventures, LP, invested roughly $100 Million to acquire approximately 40% of the shares of Sify Limited, India's premier Internet, network and eCommerce Services Company in the last quarter of 2005. Initially named Chairman of the Board, Mr. Vegesna was named Managing Director and CEO of Sify in July 2006. Mr. Vegesna intends to help Sify grow to become a truly global company and a leading corporate player in the 21st century high technology world. He is particularly excited that this opportunity renews and reinvigorates his close ties with India. Encouraged by his father, Mr. Vegesna's contact with the world of high technology began in India with an engineering degree at Bangalore University. After graduation, Mr. Vegesna moved to the United States for further education, and to seek new opportunities. While earning his master's degree in computer engineering at Wayne State University, Mr. Vegesna took a course on the Motorola 68000. Inspired, he decided to create a software simulation of the 68000 for his thesis and called a senior Motorola engineering manager for help. After showing his work to the Motorola manager, he received and accepted a job offer to write the microcode for the 68030 and the specifications for the 68040. Mr. Vegesna's mentor at Motorola, Roger Ross, known for his ability to spot talent, invited Mr. Vegesna to be chief architect for Ross Technology Inc., a startup company that developed 32-bit Sparc processors. At Ross Technology, Mr. Vegesna was integral to the development of the first-generation HyperSparc, which Sun Microsystems Inc. chose as the CPU heart of its first multiprocessing computer. At the same time, Mr. Vegesna realized it was time for him to take the next step, to create not just technology, but a technology business. He left Ross Technology in 1994 to found ServerWorks, the first step on his path to Sify. In addition to his business activities, Mr. Vegesna is an active philanthropist, individually and through his U.S. charitable foundation, The Raju Vegesna Foundation, and through its sister Indian charitable trust, the Raju Vegesna Foundation (India). Mr. Vegesna holds several patents and publications on Microprocessor and Multiprocessor technology and has a passion for music. "

Organization Position Status
Sify Limited CEO & Managing Director Current
Sify Limited Board of Directors Current

Organization Position Status
Sify Limited CFO Current

Organization Position Status
Sify Limited Chief Architect Current
Sify Limited Architect, Global Services Former

"Arvind Mathur joined Sify in April 2007 as Chief Architect-Global Services. He is responsible for architecting services, solutions and the product portfolio across the company's business lines, including evolution of the core network infrastructure to support next generation managed IP services and applications for global customers. Arvind brings with him over 17 years of international experience in the telecommunications and networking arena having worked with major telecom and network services providers; innovation and development centers; and network equipment providers. His prior assignments include stints at the Research Institute of Electrical Communication (Japan), Advanced Fibre Communications, Teleglobe Inc (USA), JDS Uniphase Inc (Canada) and Bharti Airtel Limited. Prior to joining Sify, Arvind was Vice President and Head of Global Product Management, Network Services for the Enterprise Business Division at Tata-VSNL. Arvind holds a Masters Degree in Electrical Communication Engineering from the Indian Institute of Science, Bangalore and a Masters Degree in Physics from the Indian Institute of Technology, Delhi specializing in Optical Communication and Optoelectronics. "

Organization Position Status
Sify Limited Chief Architect, Global Services Current

Organization Position Status
Sify Limited CTO Current

Organization Position Status
Satyam Infoway Chief Technology Officer Current
Sify Limited Chief Technology Officer Current

Organization Position Status
Sify Limited COO Current

"Suri Venkat joined Sify in August 2006 as its Chief Operating Officer after a successful career in large organizations such as ITC Ltd. He has also built an infrastructure company – Energy Infrastructure Development Group( CAPEX: USD 500) as an entrepreneur. With over 23 years of experience, Suri Venkat has a track record of consistently accomplishing results in uniquely multi-cultural, diverse and challenging work environments. He has been able to consistently deliver exceptional results with his team-building expertise, sharp performance focus, and a macro-perspective of the global business environment. His previous experience includes business leadership positions overseeing marketing, operations, commercial & regulatory matters, and driving innovations for business competitiveness. Over the years he has specialized in turnaround management involving business structures, human capital, and interventions in operating models to spur productivity and growth. Suri is a graduate of Delhi University with an Honors Degree in Economics, and has a Masters in Human Resource Management from XLRI, Jamshedpur- one of India’s leading business schools "

Organization Position Status
Sify Limited COO Current

Organization Position Status
Corporate Communications Inc. Chief Communications Officer Current
Public Relations, LLC. Chief Communications Officer Current
Satyam Infoway Chief Communications Officer Current
Sify Limited Chief Comm Officer Current
The Investor Relations Company Chief Communications Officer Current
International Chamber of Commerce Board of Directors Current

Organization Position Status
Sify Hosting Limited Chief Financial Officer Current
Sify Limited Chief Financial Officer Current
Satyam Infoway CEO & Managing Director Former
Hindustan Lever Ltd. Financial Controller Former
Hindustan Lever Ltd. Management Trainee Former

M P Vijay Kumar has served as Chief Financial Officer since October 2007 and has over 15 years of experience in corporate audits, financial/management consulting, legal advisory services, management audit and investment banking. He is Chartered Accountant and 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.

Organization Position Status
Sify Limited Chief Financial Officer Current

Organization Position Status
Satyam Infoway Chief Operating Officer Current
Sify Limited Chief Operating Officer Current
Sify Hosting Limited Chief Operating Officer Current
Xavier Labour Relations Institute Masters In Human Resource Management Former
Delhi University Degree In Economics Former

"M.P. Vijay Kumar joined Sify in October 2007 as Chief Financial Officer. He joins us from his independent Audit and Consultancy Practice, which he set up after a seven-year stint in Sundaram Financial Services Ltd, Chennai where his last position was at a senior level in Investment Banking. His areas of specialization include Financial/Management Consulting, Legal Advisory Services and Management Audit. 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. "

Organization Position Status
Sify Limited CFO Current

Organization Position Status
Sify Limited Senior Vice President Current

Organization Position Status
Sify Limited Vice President Current

Organization Position Status
Sify Limited Vice President Current
Wipro Limited Management Trainee Former

Organization Position Status
Sify Limited Vice President Current

Organization Position Status
Sify Limited Executive Director Current
Sify Limited Board of Directors Current

Organization Position Status
Sify Limited Regional Manager, North Current

Organization Position Status
Sify Limited Senior Account Manager, Samachar Current

Organization Position Status
Sify Limited Regional Manager, South Current

Cooking and Kitty Party And High Tea Recipes'. Both these books were on the bestsellers list for weeks on end. Her Celebrity Cook for Sunday Mid-day, which she co-writes with Heena for Sunday Mid-day, has now entered it s sixth year. An avid film buff, Anita loves travelling.

Organization Position Status
Sify Limited Current

Organization Position Status
Sify Limited Current
Firstware Software Solutions Chief Executive Former

Jagjeet Singh went home with 10 lakhs, after having knocked-out Bushra Sheikh, who had eloped with her husband and had an emotional reunion with her in-laws on stage. Subrata, the rollover contestant gifted Salman with a trophy for being the best host in the world. He too went home content with 10 lakh rupees.

Organization Position Status
Sify Limited Current

"K. N. Ajith joined Sify in February 2001 and has over 14 years of experience across various functions in Human Resources, Industrial Relations and Total Quality Management. Ajith started his career with Carborundum Universal Ltd, a part of the Murugappa Group in Chennai as a Management Trainee. He has experience in driving TQM initiatives, successful change management interventions, building innovative HR practices and delivering effective people engagement models. After a successful 9 years in Carborundum Universal Ltd, which involved innovative productivity settlements and policy deployment practices across various units of the company, he joined Sify to head the HR initiatives of the Consumer and e Learning businesses of Sify in 2001. Ajith has a Masters degree in Personnel Management and Industrial Relations, and a diploma in Training & Development. "

Organization Position Status
Sify Limited Head & HR Current

Organization Position Status
Sify Limited National Head, Sales Current

"Venkata Rao Mallineni took over as the Head, Portals and Consumer Marketing, Sify, in August 2008. He joined the company in September 2006 as Advisor, Business Strategy, Enterprise Solutions, handling the Enterprise Solutions product portfolio with a strong background in applications development and implementation, as well as portals development. Prior to joining Sify, Venkata Rao was President and CEO of SoftPro Systems Ltd. During the course of his career, he has been instrumental in building award winning technology products for global markets, and establishing close relationships with Fortune 500 companies to deliver ICT solutions for verticals including Insurance, Retail and High Technology Sectors. His rich experience includes the development and design of web applications and platforms for ecommerce, online marketing & branding, online data base functionalities for communities and online publishing tools across content management systems and learning management systems. He has actively evangelized systems using open source with both the corporate and learning communities. His career includes experience with start ups, MNCs and large & medium size organizations. Venkata Rao holds an MTech degree in Systems Engineering and is a first rank holder from the University of Mysore. He holds a BTech in Industrial Engineering from the same University. He is a founder member of the TiE Hyderabad Chapter, and is actively involved in mentoring technology start-ups in his spare time. "

Organization Position Status
Sify Limited Advisor, Business Strategy Current
Sify Limited Board of Directors Current
Trinity College PH.D In Economics Former
Trinity College MA Former

Organization Position Status
Sify Limited Chairman Current
Sify Limited Board of Directors Current

Organization Position Status
Sify Limited Board of Directors Current

Organization Position Status
Sify Limited Board of Directors Current

Organization Position Status
Sify Limited Board of Directors Current

Organization Position Status
Sify Limited Board of Directors Current

Organization Position Status
Sify Limited Board of Directors Current

Organization Position Status
Sify Limited Board of Directors Current

Organization Position Status
Sify Limited Board of Directors Current
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SIFY $1.75 0.050 (2.94% )
Volume 22,887
Shares Outstanding 42.8M
Market Cap 74.9M
Year High 2.85
Year Low 0.480
Earnings Per Share 0.000
P/E Ratio N/A
Dividend 0.000
Yield 0.00
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