**Data Center Firm Sify Infinit to File $500M IPO Soon**
*By Mudit Dube | Oct 03, 2025, 04:14 PM*
Sify Infinit Spaces Ltd., a leading player in India’s data center industry, is preparing to file for a $500 million initial public offering (IPO) within the next two weeks. If successful, this move could make Sify Infinit the first Indian data center operator to be listed on the stock exchanges.
The IPO will include both new shares and existing shares of the company, according to reports from Moneycontrol.
**Rising Market Interest in Data Centers**
The decision to go public comes amid growing interest from technology companies and investors in India’s data center sector. This surge is driven by increased digital consumption, widespread adoption of artificial intelligence, and government-led data localization initiatives.
Sify Infinit’s planned IPO places it among a growing number of Indian firms seeking to raise capital through the primary market to support their expansion strategies.
**Strong Growth Projections for the Sector**
According to rating agency ICRA Ltd., India’s demand for data centers is expected to more than double by the end of 2028. Meeting this growing demand will require investments totaling approximately $10 billion.
Sify Infinit is one of the major domestic players in this thriving space, alongside global giants such as Japan’s NTT, Temasek-backed STT Global Data Centres, and Carlyle Group-backed Nxtra Data Ltd.
**Company Background**
Founded in 2000 and backed by Kotak Private Equity Group, Sify Infinit currently operates 14 data center facilities across India. Its board officially approved the proposed IPO on September 25.
The bookrunners for this offering include prominent financial institutions such as Kotak Mahindra Capital, Morgan Stanley, JPMorgan Chase, Citic Securities, and JM Financial Ltd.
As the company moves forward with its IPO plans, investors will be keen to watch how this landmark public offering shapes the competitive landscape of India’s expanding data center market.
https://www.newsbytesapp.com/news/business/indian-data-center-firm-sify-infinit-plans-500m-ipo/story