CHENNAI: Nasdaq-listed Sify, an Internet, network and an e-commerce company, has decided to go in for a reorganisation of its structure.

The structural revamp comes in the wake of Satyam Computer Services Ltd exiting Sify by selling its entire stake of 31.61 per cent to Silicon Valley entrepreneur Raju Vegesna-promoted Infinity Capital Ventures. The new owner had also bought fresh shares to the tune of 6.7 million at an additional investment of Rs. 172 crore.

The new structure will see the heads of its business units empowered and accountable. Sify has three business units comprising enterprise technology services, content business and Internet access.

Durgesh Mehta, Chief Financial Officer, Sify, told The Hindu that the old structure of strategic business units worked well when the business overall was smaller. The business heads were primarily topline-driven. "With each business now having scale, each business head will now own the business and drive its growth with profit and loss responsibility." Sify is now keen that each strategic business unit become an independent profit centre.

Three strategic units

Mr. Mehta said the growth of these three strategic units would be built around the technology division. With a team of around 800 people, the tech division would be the fulcrum with its delivery capability, IP expertise and the like.

The top management team would provide strategic inputs and supervise all new initiatives, he added. "The idea is to have a flatter organisation that can respond to the opportunities and challenges of global growth and expansion," Mr. Mehta pointed out.

The CFO felt that the consumer services business of the group comprising i-ways and broadband had the potential to turn global.

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