Chennai-based Sify Technologies is set to make substantial investments of approximately ₹9,000 crore over the next five to six years to expand its greenfield data centre projects. This ambitious plan aims to boost Sify’s data centre capacity from the current 100 MW to an impressive 350 MW.
Of this total investment, ₹3,000 crore is allocated to ongoing projects. Meanwhile, new projects are slated to kick off in Chennai, Mumbai, Noida, and Bengaluru early next year, with an additional ₹3,000 crore earmarked for these expansions. Sify Technologies also envisions further expansion beyond 2026, requiring an investment of ₹3,000 crore.
To fund the construction of the next 100 MW of data centre capacity, Sify has secured a total investment commitment of ₹3,000 crore. This includes an equity partnership with the Kotak Managed Data Centre fund, accounting for approximately ₹1,600 crore, with ₹1,000 crore already utilized. Additionally, Sify has secured bank credit of around ₹1,200 crore, while the remaining funds will be sourced from internal approvals.
The financial closures for the first phase of expansion have already been completed, and plans for additional capacities will be finalized in the coming six months. Sify Technologies maintains the flexibility to draw additional capital from Kotak, along with utilizing internal accruals for future phases of growth.