Kotak Data Center Fund and Kotak Special Situations Fund are the investors of the company that invested in Sify in February 2022 and August 2023, holding 6.19% (₹643 crore) and 5.36% (₹557 crore) stakes respectively in the company.
Sify Infinit Spaces may also plan to raise funds of ₹500 crore via a pre-IPO placement. If they successfully plan to do so, the amount of ₹500 crore will be reduced from the fresh issue.
A fund of ₹465 crore will be utilized to expand high-capacity data centers, including completing Tower B at the Chennai 02 facility. A portion of ₹860 crore will be used to build Towers 11 and 12 at the Rabale data center in Navi Mumbai. The remaining ₹600 crore will be used for the company’s general corporate purposes.
The company’s total outstanding borrowings stood at ₹2,265.9 crore as of August 2025.
Sify Infinit Spaces (SISL) is now one of India’s leading data center operators, founded by Sify Technologies. As of March 2025, the company holds a 15.26% market share by building IT capacity.
The company opened its first data center in 2000 and gradually expanded its business by opening 14 colocation data centers spanning 6 major cities, including Mumbai, Chennai, Noida, Hyderabad, Bengaluru, and Kolkata as of June 30, 2025.
In FY25, the company generated revenue of ₹1,428.3 crore, which grew from ₹1,021.3 crore in FY23. The EBITDA rose from ₹412.6 crore to ₹634.2 crore. The PAT margin increased from ₹96.7 crore to ₹126.3 crore in FY25.
The company does not have any peers in India. Equinix, Digital Realty Trust, and NEXTDC are the global competitors of the Sify Infinit Space.
The book-running lead managers to the issue are JM Financial, CLSA India, JP Morgan India, Kotak Mahindra Capital Company, and Morgan Stanley India Company.
