Sify: The New CEO And His Priorities

Here are some important nuggets from the conference call between Sify’s top management and the analysts. The Indian digital media company announced their Q1 2006 results earlier today.
R Ramaraj has quit as the CEO, and he will be looking at other greener opportunities. Raju Vegesna, the owner chairman of Sify, will take over as the new CEO and Managing Director. Ramaraj will continue as a consultant for ensuring a smooth transition. Vegesna is the Chairman of Infinity Capital which owns a majority stake in Sify. Vegesna answers some key questions here on the change.

Will the exodus continue?
Sify has a lot of bench. What I mean is, we have a very deep bench throughout the organization. India is a great pool of talent, and there are people who will exit depending upon what their priorities in life are. The management’s responsibility is to bring in new people and organically grow the people who have a lot of talent in the organization.

What are the three top priorities of the new CEO; Will there be management changes?
…it is not changing much. Basically what our mission is to expand it with profitability. So in all of the businesses we have, like our Access Media, our portal, and the International business, we are investing and we want to grow each business with expansion and profitability. We are looking at each business, where we can grow.

On strengthening international focus
…the majority of the focus (sic) now is domestic…(but) we want to expand more internationally. We are developing this technology for the Indian market, because one of the reasons Sify was in a [inaudible] we didn’t focus much outside the Indian market. That is one of the areas we are going to focus on. We are analyzing our costs to get this market, and leverage our knowledge, how we get in the market. That is one of the things we are going to focus on, beyond the Indian market.

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