Sify Ltd. (SIFY) seems an interesting Indian stock. Should I buy? February 14, 2007Posted by deminvest in growth stock, India Investing, Internet stocks, investment, SIFY Sify, Single stocks, stocks.
Sify is basically an Internet cafe owner. We, western proletarians, pity ourselves because we don’t drive brand new SUVs or because we can’t buy Prada shoes… But we take for guaranteed commodities like… Broadband connection at home. The really poor in developing countries just can’t afford it. That is why a company like SIFY is the first Internet cafes operator in India with 3500 “Iway” Internet cafes in 158 Indian cities which make broadband available to the masses.
SIFY also offers broadband to 200,000 Indian houses and dial up to 1 million. Sify.com is a big portal and n.7 most visited site in India.
Let’s give a close to some of the juicy numbers: