Tejas Networks Limited designs and sells networking products for wireless and wired communication in India and worldwide. It provides broadband and networking solutions for telecom companies, ISPs, businesses, utilities, defense, and government agencies. Its products include fiber and mobile broadband solutions, Ethernet switches, optical transport systems, routers, and network management tools. Panatone Finvest Limited, which is a subsidiary of Tata Sons, acquired percent stake in Tejas Network.
Tejas Network is aggressively pushing for its expansion into 5G. It expects to complete BSNL’s first one lakh site order in this financial year. The management is optimistic about strong revenue growth in Q4 FY25 and FY26, driven by BSNL 5G orders, Vodafone Idea’s network expansion, and international deals spanning the US, Middle East, Africa, and Latin America. It also said that, despite revenue problems, they will continue spending on R&D worth Rs 6 billion.
HFCL
HFCL Limited is a global telecom products and solutions provider based in India. It manufactures optical fiber cables, telecom equipment, and defense communication products like Wi-Fi access points, routers, 5G solutions, electronic fuzes, and surveillance radars. The company also supplies networking components and offers solutions for telecom, defense, and railway communications. HFCL has partnered with Qualcomm to develop advanced 5G products.
It reported Rs 1,031.99 revenue in Q3 FY25, up by 361 percent, from its Q3FY24 revenue of only Rs 1,079.03 crore. However, it reported a net profit of Rs 72.58 crore in Q3 FY25 as compared to a Q3 FY24 net profit of Rs 82.43 crore. As of May 2024, the company has an order book worth Rs 7,685 crore.