Though it's often lumped in with Rediff ( REDF) (dubbed the Indian Google ( GOOG)), the other Indian Internet company trading on the Nasdaq, Sify ( SIFY) is thinking outside the portal. It's understandable that the companies are usually paired in media coverage, being the only Indian Internet stocks available to U.S. investors. But Sify's business is threefold: In addition to its Web portal, the company boasts a chunk of the country's Net connectivity business and sells technology services to enterprise customers. "If we want to invest and bring state-of-the-art technology, then we have to use it across the board in as many areas as possible," Sify CFO Durgesh Mehta told the JP Morgan Global Internet Conference on Tuesday. Half the company's business is enterprise-related and half is on the consumer side, Mehta said. Within the consumer side, about 80% is access and about 15% is related to the portal. U.S. investors, eager to get in on the burgeoning Indian market, have gobbled up the stock. Shares of Sify have climbed from $11.19 at the beginning of the year to hit $13.40 last week, a jump of nearly 20%. And analysts like what they see, too. "Central to its strategy is to develop multiple revenue streams leveraging a common network infrastructure. With the enterprise business as the cash cow, the emerging businesses are growing toward critical mass and there is significant leverage potential from these opportunities, especially Internet-related businesses," Sameet Sinha of Kaufman Brothers Equity Research wrote in a recent note. Sinha rates the company buy and has a price target of $17. The analyst expects to see strong revenue and EBITDA growth over the next few years. "Sify is an opportunity to participate in broad economic growth in India; domestic investment in tech services and trend in outsourcing in international markets; growth in consumer services as disposable income escalates; and growth in Internet services and content, which is in its early stages," Sinha said. Kaufman makes a market in Sify.