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    Mihir Thakker • Prithvi Finmart Private Limited

    Mihir Thakker is a Senior Analyst at Prithvi Finmart Private Limited, specializing in equity research and financial analysis across sectors including consumer goods, pharmaceuticals, and mid-cap Indian equities. He has covered a range of specific companies such as Titan Company, HDFC Bank, and Sun Pharmaceuticals, with a reputation for detailed stock calls and investment recommendations that have contributed to above-market returns for clients. Mihir began his professional journey in 2018, joining Prithvi Finmart early in his career after completing his post-graduate studies in finance, and has since established himself through comprehensive research reports and sector insights. He holds the Chartered Financial Analyst (CFA) designation and is registered with SEBI as a research analyst, underscoring his professional diligence and expertise in the investment domain.

    Mihir Thakker's questions to Sify Technologies Ltd (SIFY) leadership

    Mihir Thakker's questions to Sify Technologies Ltd (SIFY) leadership • Q1 2026

    Question

    Mihir Thakker from Prithvi Finmart Private Limited asked for an update on Sify's current and planned data center capacity for the fiscal year. He also inquired about the possibility of an IPO for the data center subsidiary and sought clarification on the performance and turnaround strategy for the Digital Services business, noting its flat revenue and increased losses.

    Answer

    M P Vijay Kumar, Executive Director & Group CFO, confirmed the current operational capacity is 138 MW and reiterated that new capacity from two 26 MW design centers will be operationalized based on customer demand. Regarding a potential IPO, he stated that the board is evaluating various capital-raising options and will inform the market of any tangible decision. For the Digital Services business, Vijay Kumar explained the flat revenue is due to a strategic shift from project-based to annuity-based recurring revenue. He attributed the losses to ongoing investments in personnel and capabilities, expecting performance to improve over the next 12-18 months.

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    Mihir Thakker's questions to Sify Technologies Ltd (SIFY) leadership • Q1 2026

    Question

    Inquired about the current and planned data center capacity, the possibility of an IPO for the data center business, and the performance of the digital services segment, including reasons for flat revenue and plans for a turnaround.

    Answer

    Management confirmed 138MW of operational capacity and stated that new capacity will be brought online based on customer demand. Regarding a potential IPO, they are still evaluating various capital-raising options. The digital services business's flat revenue is due to a strategic shift from project-based to annuity revenue, and losses are from ongoing investments in personnel, with a turnaround expected in 12-18 months.

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