Tejas Networks Ltd

Tejas Networks Limited is a Wireline and Wireless telecom and data networking products company that designs, develops and manufactures highperformance and futureready products for building highspeed communication networks that carry voice, data and video traffic from fixed line, mobile and broadband networks. The Companys products are differentiated by a programmable, softwaredefined hardware architecture that provides flexibility, multigeneration support and a seamless softwareenabled network transformation to its customers.The Companys engineering and management teams have diverse experience in optical communication systems, networking protocols, Field Programmable Gate Array (FPGA) design, embedded system software, application software, highspeed printed circuit board (PCB) design, thermal and mechanical design, product management, quality and test engineering and reliability engineering. Tejas Networks Limited was originally incorporated as private limited company under the name Tejas Networks India Private Limited on April 24, 2000 at Bengaluru, Karnataka, India.During the financial year ended 31 March 2001, the company procured order from TATA Power Company Limited. The Company was converted into a public limited company and its name was changed to Tejas Networks India Limited on October 23, 2002. During the financial year ended 31 March 2004, the company procured order from Railtel Corporation of India Limited through Electronics Corporation of India Limited.During the financial year ended 31 March 2007, the company received Carrier Ethernet certification from Iometrix, certifying TJ100MC, operating at the user network interface, delivering Ethernet private line services compliant with the Metro Ethernet Forum MEF 9 technical qualification. During the year under review, the company procured order from Power Grid Corporation of India Limited.During the financial year ended 31 March 2008, the company received ISO 9001:2008 and TL9000H certification. The name of the company was changed to Tejas Networks Limited on March 18, 2008 to reflect the global outlook of the company.During the financial year ended 31 March 2009, the company procured order from BSNL for supply of transmission equipment. During the financial year ended 31 March 2010, the company executed OEM contract with Ciena Corporation. During the financial year ended 31 March 2011, the company procured order from Bharti Airtel Limited for 3G rollout in multiple circles. During the financial year ended 31 March 2012, the company executed OEM contract with NEC.During the financial year ended 31 March 2013, the company was recognized amongst the top five Indian applicants for patents in the field of information technology by the Office of the Controller General of Patents, Designs, Trademarks and Geographical Indication. During the year under review, the company procured order from Summit Communications Limited, Bangladesh.During the financial year ended 31 March 2014, the company procured orders from West Indian Ocean Cable Company, Africa and SACOFA SDN BHD, Malaysia. During the financial year ended 31 March 2015, the company procured order from Bangladesh Telecommunications Company Limited under Optical Fiber Cable Network Development in 1,000 Union Parishad Project.During the financial year ended 31 March 2016, the company procured order from Idea Cellular Limited. During the year under review, the company was recognized as a Two Star Export House by the Ministry of Commerce and Industry. During the year under review, the company received Carrier Ethernet 2.0 certification from Iometrix certifying TJ1400, TJ1400P and TJ1600. During the year under review, the company procured order for TJ1600 equipment for 100G upgrade from SACOFA SDN BHD.During the financial year ended 31 March 2017, the company procured order for installation, commissioning and maintenance of GPON equipment for NOFN project.Tejas Networks came out with an initial public offer (IPO) during the period from 14 to 16 June 2017. The IPO was a combination of fresh issue aggregating Rs 450 crore and Offer for Sale of 1.27 crore shares by the selling shareholders. The stock debuted at Rs 257 on BSE on 27 June 2017, matching the IPO price of Rs 257 per share.On 21 July 2017, Tejas Networks informed the stock exchanges that the company is undergoing an investigation from the Income Tax Department and the company is fully cooperating for the same.The Board of Directors of Tejas Networks at its meeting held on 25 October 2017 considered and approved the proposal for winding up/removing the name of vSave Energy Private Limited (wholly owned subsidiary of the company). The Board also approved the proposal for winding up of Tejas Israel Limited (wholly owned subsidiary of the company) under the laws of State of Israel. The Board also approved setting up of whollyowned subsidiary/branch office in Mexico.On 7 November 2017, Tejas Networks announced that it is displaying its latest innovations in the packet optical space at AfricaCom 2017. On 9 January 2018, Tejas Networks announced that it has successfully completed GPON equipment installations in over 40,000 gram panchayats in India as part of the BharatNet Phase1 project. BharatNet is an ambitious Government of India project to bring highspeed broadband connectivity to 2.5 lakh gram panchayats of the country. On 27 March 2018, Tejas Networks announced that it has received a new purchase order of Rs 336 crore from BSNL for expansion of BharatNet, the worlds largest rural broadband project. On 31 July 2018, Tejas Networks announced that ICOSNET, one of Algerias leading Internet Service Providers (ISP), has chosen Tejas Converged Packet Optical (CPO) products to serve the growing demand for its highspeed Internet access and Virtual Private Network (VPN) offerings in the country. ICOSNET has deployed Tejas TJ1400 converged broadband access and optical aggregation platform at multiple Points of Presence (POP) within Algeria as well as in its international exchanges in London and Madrid.On 4 December 2018, Tejas Networks informed stock exchanges that its application for liquidation of its whollyowned subsidiary Tejas Israel Ltd has been approved by the Registrar of Companies and Partnerships, Israel and liquidated according to Section 338 (c) of the Companies Ordinance (New Version) 5743 1983 with effect from November 25, 2018.During FY 2019, the Company launched TJ1400 UCB, the worlds first ultraconverged broadband access/edge product at the MobileWorld Congress (MWC), Barcelona.In FY20, the Company introduced TJ1600S/I, latest packet and optical switching product at the India Mobile Congress (IMC), the biggest technology event of South Asia.During the year FY 2023, the Company acquired 64.4% stake in Saankhya Labs Private Limited and its subsidiaries. For wireless 4G RAN equipment, the Company completed a ProofofConcept (PoC) trial in India or a largescale 4G deployment project for a leading stateowned telecom company. It expanded fiber broadband product portfolio by adding more ONT variants and a new compact and costeffective 1RU 4port GPON OLT. It enhanced the OTN DXC portfolio by scaling tens of terabit nonblocking DXC capacities to address core and large metro applications. It developed a comprehensive portfolio of endtoend optical, GPON/XGSPON and 4G/5G products, which are installed internationally.