Chennai-based Sify Technologies is establishing more data storage centres. Its data centre at Rabale in Mumbai went live recently, and it will launch two more. 

Sify Technologies  Executive Director and Group CFO  MP Vijay Kumar said that the company will launch two more data centres in Chennai and Mumbai by June. 

The data centres at Chennai and Noida are identical with 86 mw capacity each. On day one, each will go live with 4 mw, he said.

The cumulative operational capacity by end of March 2025 will be 126 mw, as against 80 mw for fiscal ending March 2023. The investment over the last two years was around ₹1,300 crore, he said.

The second phase will commence from 2025-26 to add 100 mw over three years, he said. The banking, financial services and insurance (BFSI) segment leads in data centre usage, followed by manufacturing, retail and distribution, and media and entertainment, he said.

There is not much competition in the data centre business currently, he said. Different players are constructing capacity and going operational at different times, he explained. Sify, for example, did not have enough inventory in the last couple of years and is building it now, as are the others, he said.