3 Out Of 4 Indian Recruiters Are Investing Upto 70% Of Their Hiring Budgets In AI And Tech To Hire Smarter, Faster: LinkedIn Research

* Quality of hire, speed to hire, and revenue per employee are the top 3 ways Indian recruiters measure hiring success

* 53% of Indian recruiters say online job platforms like LinkedIn deliver the highest hiring ROI for their organizations

* AI-assisted messages on LinkedIn Recruiter 2024 are seeing 44% higher acceptance rates globally

Nearly three years into adopting AI at work, Indian recruiters are moving from ‘quick hiring’ to ‘quality hiring’. New research from LinkedIn reveals that 3 out of 4 (75%) recruiters in India are investing up to 70% of their hiring budgets in recruitment tech and AI tools.

LinkedIn’s India Hiring ROI research, based on responses from over 1,300 HR professionals across 10 cities, finds that today’s top 3 recruitment priorities are finding high-quality candidates with transferable skills (57%), adopting smarter hiring tech (52%), and proving the ROI of hiring investments to C-suite leaders (46%).

But challenges persist, from ensuring the right mix of soft and technical skills (64%) to hiring fast (58%) and finding candidates who are the right culture fit (54%). To meet these shifting demands, 69% of Indian recruiters are now using data analytics to make informed hiring decisions and 63% are using AI tools to improve hiring speed and accuracy.

Ruchee Anand, Head of LinkedIn Talent Solutions in India says, “With the pressure to hire quickly, many recruiters cast the net wide but not deep, choosing volume over precision. But hiring today demands more. Recruiters need tools that help them find skilled talent who can drive real business outcomes. The opportunity lies in using AI and data to shift from quick-fill roles to high-impact hires. Our latest research shows that over half (53%) of recruiters in India already see stronger returns from platforms like LinkedIn, as they shift focus to skills like problem-solving, creativity, and leadership. This marks a clear step forward in how India hires - with precision, purpose, and long-term value in mind.”

Hiring ROI in India is now defined by quality and revenue, not just speed

Nearly 3 in 4 HR professionals in India say their organisations complete hiring within two to four weeks. But quality of hire has become the most important measure of success, cited by 72% of recruiters, followed by time to hire (60%) and revenue per employee (59%).

Recruiters say delays in the process result in losing top candidates to faster competitors (58%), higher workload pressure on teams (64%), and reduced productivity and morale (63%). The most common causes of delay are structural: lengthy approval processes (58%) and indecision among hiring managers (56%).

Recruiters are evolving into strategic career advisors as AI boosts efficiency

Recruiters are using AI to save time by automating manual tasks and enhancing productivity. 45% say AI increases efficiency, and 42% say that by taking off repetitive tasks off their plate, it helps them focus on higher value activities such as on stakeholder alignment and candidate experience.

As AI adoption grows, 90% percent of recruiters in India expect to step up as ‘strategic career advisors’ in their roles, and 92% plan to use personalised content and data insights to engage candidates more effectively. 

Sunil Chemmankotil, MD at Adecco India says, "We’re witnessing a fundamental transformation - not just in the talent pool, but in the very nature of roles themselves. As job functions converge and hybrid profiles become the standard, traditional job titles no longer capture the full scope of what candidates bring to the table. With advanced tools like LinkedIn Recruiter 2024, we can now decode roles into the core skills that truly matter. This allows us to identify adjacent talent that might have been overlooked in the past. In a dynamic market like India, this kind of AI-driven insight is not just helpful - it’s a strategic advantage.”

LinkedIn’s AI-powered tools are built to help recruiters hire quality candidates faster, with higher response rates 

As recruiters face rising pressure to move faster without compromising on quality, LinkedIn’s AI-powered tools are designed to deliver results that matter. 

Recruiter 2024, LinkedIn’s first generative AI hiring experience, is already helping hirers connect with qualified candidates more effectively, with AI-assisted messages seeing 44% higher acceptance rates and being responded to 11% faster than standard outreach globally. 

LinkedIn's first AI agent Hiring Assistant automates repetitive tasks like sourcing and screening, freeing up recruiters to focus on their most impactful work and strategic priorities like advising hiring managers, interviewing candidates and assessing candidate fit, and building stronger talent pipelines. 

Methodology

LinkedIn commissioned YouGov to survey 1300 HR professionals who have been involved in recruitment over the past six months. The survey was conducted in May 2025  across 10 Indian cities -- Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi, Hyderabad, Jaipur, Kolkata, Mumbai, and Pune -- with HR professionals between 25-65 years of age to ensure representation across seniority levels. 

About LinkedIn

LinkedIn connects the world’s professionals to make them more productive and successful and transforms the way companies hire, learn, market, and sell. Our vision is to create economic opportunity for every member of the global workforce through the ongoing development of the world’s first Economic Graph. LinkedIn has 1 billion members and offices around the globe. www.linkedin.com / mobile.linkedin.com.

Rentelo – Revolutionizing Urban Mobility, One Ride At A Time

Rentelo, one of Bengaluru’s fastest-growing rental mobility brands, proudly announces its bold entry into the electric vehicle (EV) segment. With an initial fleet of 50+ electric two-wheelers now operational across the city, Rentelo is accelerating toward a cleaner, more inclusive urban mobility ecosystem.

Backed by strategic procurement from ATHER ENERGY LIMITED through it authorized dealer SCOOTERMAN AUTOMOTIVE PVT LTD  located @ Hennur-Kengeri-Nelmangala-Ramanagara-Bidadi-Chanpatana-Kankapura and growing.

Rentelo plans to scale up to a fleet of 1,500+ EVs over the next two years. This transition positions Rentelo as a comprehensive mobility partner for all customer segments, with a clear focus on electric, sustainable transportation.

Speaking at the launch Waseem Syed, Founder & CEO  Said,   “As we expand across Bengaluru and beyond, Rentelo invites users, partners, and businesses to join the electric mobility revolution. With accessibility, sustainability, and customer experience at our core, Rentelo is committed to redefining how cities move.Mobility should be electric, inclusive, and intelligent. At Rentelo, we’re building India’s most customer-friendly EV rental ecosystem—for today and tomorrow.”

Our Vision: Mobility for All, Powered by Choice

Rentelo is more than a rental company — it’s a mobility ecosystem. Whether it's electric scooters, electric bikes, EV cars, or delivery-focused electric vehicles, our platform offers flexibility, affordability, and variety to suit every urban need. Our mission is simple:

“Bring mobility to every doorstep — sustainable, diverse, and dependable.”

We aim to become the one-stop brand for personal EV rides, business logistics, and partner-driven delivery solutions, all under the Rentelo banner.

Fleet and Future Plans

Our growing inventory includes:

Electric two-wheelers (Ather 450X, 450S, etc.)

Electric cars (Coming Soon)

Delivery-focused EVs and smart urban vehicles

By 2027, we plan to scale our operational fleet to 5,000+ electric vehicles, focused on:

B2C rentals (commuters, travelers, students)

B2B fleet leasing (last-mile delivery, gig partners)

Multi-modal, app-driven booking and tracking

Green Commitment

In partnership with Ather Energy Limited, Rentelo is actively building a 100% electric fleet. With lower emissions, lower operational costs, and zero noise pollution, EVs are the cornerstone of our long-term strategy.

“We’re not just adopting EVs—we’re building an ecosystem where every ride contributes to a cleaner city.”

Mobility Meets Delivery

Rentelo’s fleet powers logistics and delivery networks through strategic partnerships. We are enabling:

Last-mile delivery for e-commerce and food tech platforms

Quick-commerce operations with high-availability EVs

Fleet outsourcing for logistics firms, offering scale with ease

Why Rentelo?

* Zero security deposit rentals

* Flexible daily, weekly & monthly plans

* 24/7 support via phone, app, and WhatsApp

* All-electric fleet across personal and commercial categories

* Future-ready: Delivery + Personal + Fleet Mobility

Union Bank Of India Cuts Lending Rates Following RBI Rate Cut

Following the Reserve Bank of India's reduction in the policy repo rate by 50 basis points, Union Bank of India has revised its key lending rates w.e.f. 11.06.2025.  These changes include downward revision of External Benchmark Lending Rate (EBLR) and Repo Linked Lending Rate (RLLR) by 50 basis points.

With this move, Union Bank of India has completely aligned its EBLR and RLLR with the recent RBI rate cut which will be beneficial to new and existing Retail (Home, Vehicle, Personal, etc.) and MSME borrowers.

Montra Electric Launches Three-Wheeler ‘SUPER CARGO’ In Bengaluru

*          SUPER CARGO (e-3W) comes with an industry leading certified range of 200+ km and real-life range of 170 km.

*         Prices start at INR 4.37 lakh (Ex-showroom Bengaluru, post-subsidy) * and the vehicle comes with industry best 5-year or 1.75 lakh km battery warranty

*          SUPER CARGO is equipped with an industry-leading 13.8 kWh lithium-ion battery and is available in three versatile configurations: 170 cu.ft, 140 cu.ft, and tray deck

*          SUPER CARGO will also be available with a 15-minute 100% charging option, powered by Exponent Energy

Montra Electric, the clean mobility brand of diversified conglomerate Murugappa Group, launched the 'SUPER CARGO' electric three-wheeler in Bengaluru today. The new SUPER CARGO is set to revolutionize the last-mile 3W cargo category with a proposition that addresses current market gaps, empowering customers to earn more with uncompromised range and power to easily navigate any terrain.

Mr. Jalaj Gupta, Managing Director, TI Clean Mobility Private Limited, launched the SUPER CARGO, in the presence of Mr. Roy Kurian, Business Head - Last Mile Mobility, Mr Saju Nair, CEO-Small Commercial Vehicles, and other key stakeholders.

The SUPER CARGO features a 13.8 kWh lithium-ion battery delivering a category-best on-road range of 170 km. Its powerful drivetrain produces 70 Nm torque and 11 kW peak power with 23% gradeability. With a 1.2-tonne gross vehicle weight, the vehicle is engineered to carry all types of loads with ease.

It comes with Sturdy Boron Steel Chassis that offers superior strength and durability, with a promise of best Uptime in the category. SUPER CARGO has the longest wheelbase in its category, providing a spacious driver's cabin and a 6.2-feet load tray that's ideal for large delivery applications.

Safety features include high-performance front disc brakes, hill hold function, reverse assist, and provision for seat belts. Regenerative braking and multiple drive modes enhance the vehicle's efficiency.

Mr. Jalaj Gupta, Managing Director, TI Clean Mobility Private Limited said "The addition of the Montra Electric SUPER CARGO to our product portfolio marks an exciting new chapter of growth for us in the last-mile delivery segment. While we began our journey in the passenger 3-wheeler space with SUPER AUTO and expanded into first-mile logistics with our RHINO heavy trucks, one segment we always wanted to make a foray is —Cargo for mid and last mile.

With EVIATOR, we have already made inroads into the mid-mile segment. And now, with the launch of the SUPER CARGO, we are entering the highly strategic last-mile delivery space.

As a Tru-EV brand, our responsibility goes beyond just offering vehicles—it is about enabling a cleaner, efficient future. With this, we are proud to expand our presence across segments and power India’s mobility shift towards sustainability.”

Mr. Roy Kurian, Business Head – Last Mile Mobility, Montra Electric said, “Montra Electric SUPER CARGO is engineered with deep customer insights. It is packaged with unique features, and the 15-minute full charging option is a great benefit for B2B players. The Super Cargo is well-suited for a variety of applications for both fleet operators and individual entrepreneurs. Our expanding dealer network assures uptime across the nation.”

Mr. Arun Vinayak, Co-Founder, Exponent Energy said, “We are excited to partner with Montra Electric. Our 15-minute 100% Charging solution has been well accepted by the market for its potential to unlock higher asset utilization, and this strategic partnership with Montra Electric will help us take forward the Clean Mobility agenda at enhanced scale. We will closely work with the brand to expand our charging network in line with customer requirements across the cities they are present in”.

The Montra Electric Super Cargo is now open for bookings across exclusive showrooms in over 90 cities. The vehicle is available in three cargo body variants: Tray eCX, 140 cubic feet eCX d, and 170 cubic feet eCX d+.

Additionally, two variants (Tray eQX and 170 cubic feet eQX d+) offer a 15-minute, 100% Quick Charging option. Super Cargo is available in four attractive colours: Chilli Red, Steel Grey, Indian Blue, and Stallion Brown.

Photo Caption: From L to R: Mr. Saju Nair, CEO-Small Commercial Vehicles; Mr. Roy Kurian, Business Head - Last Mile Mobility, Montra Electric; Mr. Jalaj Gupta, Managing Director, TI Clean Mobility Private Limited; Mr. Balakrishnan, Head Engineering - Last Mile, Montra Electric; Mr. Himanshu Aggarwal, National Sales & Service Head, Last Mile, Montra Electric; and Mr. Arun Vinayak, Co-Founder, Exponent Energy at the launch of Montra Electric Super Cargo in Bengaluru.

Freshworks Advances Its Agentic AI Platform To Uncomplicate Service Software For Companies Big And Small

* New agentic capabilities resolve service requests autonomously, deliver real-time insights and simplify the deployment of AI agents for support teams

Most AI-powered service tools stop at answering questions. Freddy now goes further by getting work done. At its flagship Refresh event, Freshworks (NASDAQ: FRSH) unveiled the next generation of its Freddy Agentic AI Platform, a connected, intelligent, continuously learning system of AI agents that don’t just reply to service questions, but can resolve them. Whether it’s processing an insurance claim, updating a payroll record, or booking a new shipment, Freddy AI now takes action across the applications businesses already use.

The company also introduced the Freddy AI Agent Studio, a no-code platform that simplifies the creation and deployment of autonomous AI agents, making it easier for businesses to scale customer support. Freddy AI Agent Studio helps relieve service teams of endless ticket handoffs, delayed resolutions, and frustrated users due to outdated automations. New, easy to deploy AI agents can think, reason and act to resolve many customer queries from start to finish, giving human agents more time to handle more complex customer challenges.

“We're on a mission to uncomplicate the most grueling and repetitive work that IT service and customer support teams face every day," said Dennis Woodside, CEO of Freshworks. “Just like our core software, Freddy Agentic AI gets up and running fast and delivers immediate value—serving as a business accelerator, not another overcomplicated project. Our customers are seeing real results, such as improved CSAT scores, faster resolution times, and lower operational costs."

From Insights to Action: A New Standard for AI at Work

What makes the Freddy Agentic AI Platform truly impactful is its ability to help customer and employee service teams act faster to deliver results. AI agents aren’t just answering questions — they’re resolving requests, completing actions across multiple applications, identifying root causes, and recommending next steps. These capabilities span a wide range of use cases, including order tracking, account modifications, appointment and flight booking, payments and subscriptions, loyalty rewards management, and many more common support requests within retail, travel, financial services, manufacturing, and software industries. All of it can happen autonomously, so teams spend less time on mundane tasks and more time on work that matters.

New capabilities available to customers within the Freddy Agentic AI Platform include:

Freddy AI Agent Studio: More productive agents, happier customers

Freshworks is rolling out the Freddy AI Agent Studio, an integrated set of capabilities to uncomplicate how customer service teams build, test, and launch AI Agents in minutes by a support team member without technical expertise. AI agents can be taught unique skills to autonomously take actions like issuing a refund, checking order status, or updating a customer record.

Highlights of the AI Agent Studio include:

Skills Library - pre-built templates of skills required by AI Agents to take actions in commonly used applications including Shopify and Stripe

Skills Builder - a visual, no-code environment to design and deploy custom skills for AI agents to autonomously resolve service requests like processing a return

Freddy AI Agent for email: Deliver autonomous email support for customers

Freddy AI Agent for email turns inboxes into autonomous support channels. It can analyze incoming messages, drafts contextual replies, and close tickets automatically when a customer confirms the resolution.

Highlights include:

First-response times can shrink from hours to minutes

Repetitive issues are handled efficiently and accurately

Scales support without adding agent workload

Freddy AI Agent for unified search: Enhance knowledge discovery for employee service

Freddy AI Agents can now deliver even more accurate and speedier employee service by intelligently searching enterprise platforms for the latest documentation while reducing the burden on live service agents.

Highlights include:

Integrates seamlessly with Slack, Microsoft SharePoint and Teams, delivering support directly through the tools employees already use most

Multilingual conversations in over 40 languages for inclusive, personalized assistance

Robust security that helps prevent data sharing between accounts

Freddy AI Insights with root cause analysis: Make informed IT decisions, faster

Freddy AI Insights for Freshservice makes complex IT analysis easier as it continuously scans service desk activity to detect anomalies, flag trends, and identify root causes through visual maps. Teams can act quickly with clear, explainable data without SQL queries or dashboards.

Highlights include:

Proactive monitoring of service operations with insights on trending issues, average response and resolution time, SLA violations, and more

Root Cause Analysis maps help identify problems at the source

Metrics to optimize workforce planning, resolution time and employee satisfaction

Freddy AI Copilot upgrades: a force-multiplier for IT and customer service

Freddy AI Copilot is a trusted assistant for service teams by making everyday support tasks smoother and more efficient by writing clear, well-toned replies, connecting related issues, and automatically generating helpful documentation. The newest Copilot capabilities enhance reasoning and context awareness to tackle common pain points in IT and customer service:

Intelligent Related Changes - Copilot reviews recent system changes and highlights the most likely causes in Freshservice

Reply Suggestions - Copilot reads incoming tickets, searches the knowledge base, and drafts tailored responses for agents to review and send in Freshdesk

With these updates, Freddy AI Copilot goes beyond simple assistance – it becomes a partner in delivering faster, more aware support across the organization.

“We designed our Freddy Agentic AI Platform to go beyond simple automation. It works alongside people to solve real challenges in real time,” said Srini Raghavan, Chief Product Officer at Freshworks. “Freddy’s multi-model architecture draws on our trusted LLM partners, each selected for their strengths. This layered approach helps ensure more accurate, reliable, and context-aware support that helps resource constrained teams move faster and with less friction.”

Customer-Proven Results

Since its initial release in 2023, Freddy AI has helped over 5,000 organizations streamline service operations and deliver measurable results – up to 70% ticket deflection from AI Agents and up to 50% productivity gains from Freddy AI Copilot.

Hobbycraft automated 30% of customer queries with Freddy AI Agent which freed up agents to handle more complex issues, improved customer satisfaction by 25%, enabled hybrid work, and boosted employee engagement

Bergzeit auto-triaged more than 200,000 tickets and reduced translation workload by 75% utilizing Freddy AI Copilot with Freshdesk

Five9 deflects up to 65% of IT requests with Freddy AI Agent, while also using Freddy AI Copilot to save the IT department 200 hours per month and Freddy AI Insights to help identify service gaps and how to fix them.

iPostal1 resolves 54% of support queries automatically with Freddy AI – gains that enabled them to scale and open to over 1.3 million mailbox accounts across more than 3,500 locations without compromising quality, accountability, or employee morale.

"The shift toward agentic AI that can autonomously resolve service requests rather than just route them represents a critical evolution in support operations," said Liz Miller, Vice President and Principal Analyst at Constellation Research. "The democratization of agent deployment through simplified, no-code platforms is particularly significant for mid-market organizations that lack the technical resources to build complex AI systems from scratch. This accessibility shift allows companies in that mid-market sweet spot to achieve autonomous resolution capabilities and operational efficiency gains that were previously reserved for large enterprises with dedicated AI teams."

Accelerating Freddy AI Adoption

To make Freddy AI adoption easy, Freshworks is also launching resources that help maximize rapid impact:

Freshworks University Courses: A new AI learning hub with tutorials, use cases, and live help.

AI Academy for Partners: Technical enablement and training for partners that can help them win more deals and boost revenue.

AI Professional Services: A dedicated Freshworks team offering tailored AI strategy, product rollout, and optimization support for larger enterprises facing more complexity.

In-product assistance: Prescriptive workflows, videos and guides to help users get up and running.

Learn More

New product innovations and their availability can be discovered here: https://www.freshworks.com/product-launches/

The agentic AI platform that uncomplicates customer service

AI-powered upgrades that uncomplicate employee experience

About Freshworks

Freshworks Inc. builds uncomplicated service software that delivers exceptional customer and employee experiences. Its enterprise-grade solutions are powerful yet intuitive, and quick to deliver value. With a people-first approach to AI, Freshworks helps teams be more effective and organizations more productive. More than 73,000 customers — including Bridgestone, New Balance, S&P Global, and Sony Music — trust Freshworks to improve service efficiency and fuel long-term loyalty. For the latest updates, visit freshworks.com and follow Freshworks on LinkedIn, X, and Facebook.

Quest Global And ING Honoured With The Asset Triple A Award For Sustainable Finance 2025

Quest Global, a leading global engineering services firm, today announced that it has been recognized with The Asset Triple A Award for Sustainable Finance 2025 in South Asia, in partnership with ING, in the category of “Best Sustainability-Linked Loan – Engineering Services.” This achievement is particularly noteworthy as Quest Global is the first engineering services company to have achieved this milestone. This prestigious award celebrates the innovative integration of sustainability into Quest Global's financial strategy.

The award acknowledges Quest Global's and ING's pioneering approach to embedding sustainability within the company's financing framework, a practice that remains relatively uncommon in the outsourced engineering services sector. The developed sustainability-linked loan (SLL) features a balanced discount and penalty mechanism, strategically designed to incentivize Quest Global to achieve significant advancements in its sustainability objectives through enhanced EcoVadis assessment scores.

"We are deeply honoured to receive this distinguished award from The Asset," stated Rajendra Shreemal, Chief Financial Officer, Quest Global. "This recognition underscores our unwavering commitment to sustainability in our business and financial strategy. Our collaboration with ING has been pivotal in crafting a sustainable financing solution. We would like to extend our gratitude to ING for their expertise in structuring this deal and identifying a sustainability-linked loan opportunity with our banking partners."

"We’re proud to showcase ING’s structuring expertise through innovative solutions like this sustainability-linked loan. It underscores our commitment to supporting clients across sectors, including engineering services, in embedding sustainability into their core strategies. We’re honoured that this collaboration is being recognised as a benchmark for impactful financing in the region,” said Michelle Kong, Head of Sector Coverage for ING Asia Pacific.

The Asset Triple A Awards for Sustainable Finance recognize organizations across Asia that actively contribute to and exemplify the burgeoning landscape of sustainable finance. The "Best Deals for Sustainable Finance" category, nominated by participating banks, recognizes transactions that champion sustainable finance across diverse financial instruments, with a focus on their environmental and social contributions as defined by the 17 UN Sustainable Development Goals.

With this prestigious award, Quest Global and ING reaffirm their commitment to leading the way in sustainable finance and driving positive change within the engineering services industry.

About ING

ING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank. The purpose of ING Bank is: empowering people to stay a step ahead in life and in business. ING Bank’s more than 60,000 employees offer retail and wholesale banking services to customers in over 100 countries.

ING Group shares are listed on the exchanges of Amsterdam (INGA NA, INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N).

ING aims to put sustainability at the heart of what we do. Our policies and actions are assessed by independent research and ratings providers, which give updates on them annually. ING's ESG rating by MSCI was reconfirmed by MSCI as 'AA' in August 2024 for the fifth year. As of December 2023, in Sustainalytics’ view, ING’s management of ESG material risk is ‘Strong’. Our current ESG Risk Rating, is 17.2 (Low Risk). ING Group shares are also included in major sustainability and ESG index products of leading providers. Here are some examples: Euronext, STOXX, Morningstar and FTSE Russell.

Society is transitioning to a low-carbon economy. So are our clients, and so is ING. We finance a lot of sustainable activities, but we still finance more that’s not. See how we’re progressing on ing.com/climate.

ING In Asia Pacific

In Asia Pacific, ING offers wholesale banking across 11 markets, namely Australia, China, Hong Kong SAR, India, Indonesia, Japan, the Philippines, Singapore, South Korea, Taiwan and Vietnam.

ING offers both retail and wholesale banking services in Australia. ING’s regional presence includes a 13% stake in Bank of Beijing, China and a 23% stake in TMBThanachart Bank in Thailand.

About Quest Global 

At Quest Global, it's not just what we do but how and why we do it that makes us different. We're in the business of engineering, but what we are really creating is a brighter future. For over 25 years, we've been solving the world's most complex engineering problems. Operating in over 20 countries, with over 85 global delivery centers, our 21,000+ curious minds embrace the power of doing things differently to make the impossible possible. Using a multi-dimensional approach, combining technology, industry expertise, and diverse talents, we tackle critical challenges faster and more effectively. And we do it across the Aerospace & Defense, Automotive, Energy, Hi-Tech, MedTech & Healthcare, Rail and Semiconductor industries. For world-class end-to-end engineering solutions, we are your trusted partner. 

Sify Technologies Ltd. Announces Non-Compliance With Nasdaq Listing Requirements Due To Resignation Of A Director

Sify Technologies Ltd. (Nasdaq: Sify) (the “Company”), a leading integrated information communications technology (or ICT) Solutions and Services provider in India, notified the Nasdaq Stock Market (“Nasdaq”) on May 21, 2025 that, consequent to the resignation of Dr. Ajay Kumar from the Company’s Board of Directors (the “Board”), the Company was in non-compliance with Nasdaq Listing Rule 5605(b)(1), requiring that the majority of the Board be composed of independent directors, and Nasdaq Listing Rule 5605(c)(2), requiring that there be at least three members of the Board’s audit committee. Dr. Kumar resigned to take charge of a constitutional responsibility pursuant to the order of the Hon'ble President of India.   The Company also indicated its intent to rely on the cure periods in Nasdaq Listing Rules 5605(b)(1)(A) and 5605(c)(4)(B).

Further on June 5, 2025, the Company received a letter from the Listing Qualifications Department of Nasdaq indicating that, due to Dr. Kumar’s resignation, the Company no longer complies with Nasdaq’s independent director and audit committee requirements as set forth in Listing Rule 5605. The notice states that, consistent with Listing Rules 5605(b)(1)(A) and 5605(c)(4), the Company would be provided with a cure period to regain compliance.  Such cure period will last until the earlier of the Company’s next annual shareholders’ meeting, or May 15, 2026; provided that, if the next annual shareholders’ meeting is held before November 11, 2025, then the Company must evidence compliance no later than November 11, 2025.

The Nasdaq notice has no immediate effect on the listing or trading of the Company’s ADSs on the Nasdaq Capital Market.

The Company is actively engaged in identifying and evaluating the appointment of another independent director to the Board to fill the vacancies created by Dr. Kumar’s resignation and to regain compliance with the Nasdaq Listing Rules within the specified cure period.

If at any time before the end of the cure period, the Company complies with the requirements, the Company must submit to Nasdaq documentation, including biographies of any new directors, evidencing compliance with the rules.  In the event the Company does not regain compliance by the end of the cure period, Nasdaq will provide notice to the Company that its ADSs will be subject to delisting. At that time, the Company may appeal the Nasdaq staff’s delisting determination to a Nasdaq Hearings Panel.

About Sify Technologies

A multiple year award winner of the Golden Peacock from the Institute of Directors for Corporate Governance, Sify Technologies is India’s most comprehensive ICT service & solution provider. With Digital and AI at the core of our solutions portfolio, Sify is focused on the changing ICT requirements of the emerging Digital economy and the resultant demands from large, mid and small-sized businesses. 

Sify’s infrastructure comprising state-of-the-art Data Centers, the largest MPLS network, partnership with global technology majors and deep expertise in business transformation solutions modelled on the cloud, make it the first choice of start-ups, SMEs and even large Enterprises on the verge of a revamp.

More than 10000 businesses across multiple verticals have taken advantage of our unassailable trinity of Data Centers, Networks and Digital services and conduct their business seamlessly from more than 1700 cities in India. Internationally, Sify has presence across North America, the United Kingdom and Singapore. Sify, www.sify.com, Sify Technologies and www.sifytechnologies.com are registered trademarks of Sify Technologies Limited.