ITI Ltd.

Indian Stock Market

Find Company           Company List

Company Profile Balance Sheet Profit & Loss Half-Yearly Results Director's Report Accounting Policy Notes to Accounts
Schedules Financial Ratios Yearly High-Lows Company History Capital Structure Board of Directors Share Holding Pattern Key Executives

History of ITI Ltd.

YEAR EVENTS 1950 - The Comp. was Incorporated as a private limited Comp. on 25th January, at Bangalore. The Comp. was the first public sector undertaking started in 1948 by Government of India after independence. The Comp. became a public limited Comp. on 23rd November, 1985. The main objects is to design, manufacture & supply telecommunication equipment such as telephone instruments, electromechanical exchanges, transmission systems, electronic exchanges & ground stations for satellite communications.

- The Comp. has its own R&D division to play its role in technology innovation, upgradation & adaptation. Advanced facilities & infrastructure were established for research and product development.

- It was proposed to be met by floating bonds to the public, funds in the form of budgetary support from Government & internal accruals.

1979 - 90,064 shares allotted without payment in cash. Out of total shares issued, 31,250 shares were held by Karnataka Government & 14,68,750 shares were held by Govt. of India.

1982 - 15,00,000 shares issued to Government of India.

1983 - 17,00,000 shares issued to Government of India.

1984 - 23,00,000 shares issued to Government of India.

1985 - 18,00,000 shares issued to Government of India.

1987 - Under the `B' Series issue 11,89,966-10% tax free non-convertible bonds of Rs 1000 each & 10,60,034-14% non-convertible bonds of Rs 1000 each were issued for public subscription. 7,93,230-13% non-convertible bonds of Rs 100 each were privately placed bonds with 10% interest rates [tax frees] are redeemable after 10 years while the other bonds are redeemable after 7 years from the date of allotment.

1992 - The OCB 283/CSN project in technical collaboration with M/s. ALCATEL was taken up at Mankapur, Bangalore & Palakhad units.

- The Comp. has a production capacity to manufacture exchange equipments based on C-DOT technology totally 750 KL at E.C. Plant Rae Bareli & at Bangalore.

- The Micro Electronics Division has the facilities to manufacture Think film, thick film, VLSI packaging, VLSI processing, ASK Testing & Mask Centre [E-Beams].

1993 - The Comp. proposed to enter into a joint venture with NKT of Denmark for optical fibre using Synchromous Digital Hierarchy [SDHs] equipment with Korea Telecom & Korea Mobile Telecom for Radio Paging Services.

1994 - A joint venture Comp. called FIBCOM India limited was set up with M/s. NKT Electronik A/S. Denmark & M/s. Industrialization Fund for developing countries.

- 9,81,310 No. of equity shares offered for sale were taken up at a price of Rs 59 per share by employees of ITI.

1995 - ITI designed & developed PABX Exchange [MPABX-1000s] at Mankapur plant, for provision upto 850 lines for operation. One Exchange was installed at Dehradun & others were under installation.

- The Army Static Switched Communication Network [ASCONs] was designed, developed, manufactured & installed by Company.

- New products inducted during the year are Digital Power Gain System [EK ANCHs], 11 GHZ Digital Microwave Equipment, Display Telephone Instrument and HDSL.

- The Comp. proposed to offer new products viz. Transmission and subscriber end equipments, wireless loop, digital loom carrier besides HDSL equipment.

- ITI Equatorial Satcom limited changed its name to M/s. India Satcom Ltd.

1996 - The Comp. entered into VSAT/MRTS Services. Also OCB 283/CSN projects were being implemented in the three manufacturing plants of ITI viz. Palakhad, Bangalore & Mankapur.

- The Comp. undertook to install three manufacturing plants viz. Palakhad [1000 KLOCB 283s], Bangalore [1500 KL CSNs] & Mankapur [500 KL CSNs].

- The 16 KL main exchange was installed at Indranagar & 14 KL RSU installed at various location viz., whitefield Ulsoor, K.R. Puram etc. of Bangalore.

- New products such as ARMY VSAT, 8 Mb OLTE, Transportable Satellite Terminals were inducted & new technology for 6 GHZ M/W equipment was introduced. The Mankapur plant developed a New Power for recovery of core for rejected transformers.

- The Comp. proposed to offer new products covering switching access products, transmission & subscribed end equipments. Some of products to be introduced include wireless local loop, digital loop carrier besides fairgain & HDSL equipment.

- ITI Equatorial Satcom limited & Singapore Styled ITI Communication Pvt limited are joint ventures of Company.

1997 - During March 15% Government Guaranteed Redeemable Bonds `C' Series of Rs 1,00,000 each issued aggregating Rs 2,785 lakhs. These are redeemable at par in March 2002.

- The Indian Telephone Industries [ITIs], Bangalore plant, which has been going through a rough patch for some time, finally seems to be coming out of woods, as they bagged the International Quality Management System Standard ISO-9002 for its new products division.

- Qualcomm Inc, the pioneer of CDMA [code division multiple accesss] technology for wireless communications, has entered into a strategic alliance with Indian Telephone Industries [ITIs].

- ITI Limited has entered into a 76.24 joint venture with the US-based Comp. Celcore. ITI under this marketing joint venture will produce cellular equipment for niche market.

- Celcore Inc of US & ITI limited have signed a joint venture agreement to market, sell & service global system for mobile [GSMs] cellular systems.

- Indian Telephones Industries [ITIs] limited has entered the public mobile radio trunked service area - a two-way wireless communication system - with its formal lunching at Madurai in Tamil Nadu. ITI became the first public sector Comp. to introduce such high-tech facility.

- Indian Telephone Industries Ltd [ITIs], a public sector unit, is teaming up with Telecom Consultancy of India Ltd [TCILs] to undertake communication projects on turnkey basis & provide consultancy services to the railway, powerful oil sectors.

- The public sector Indian Telephone Industries limited [ITIs] will utilise prime land in its possession to setup technology parks.

- Three public sector undertakings [PSUss] - Mahanagar Telephone Nigam Ltd [MTNLs], Indian Telephone Industries [ITIs] & Telecom Consultants India Ltd - are likely to join hands to form a joint venture Comp. to directly compete with private operators in the field of basic & cellular services.

- ITI proposes to set up two wholly owned subsidiaries for taking up exclusive operation of VSAT & MRTS.

- The Comp. was set to sign an agreement with a foreign firm for a joint venture, on the lines of Singapore Technology Park.

1998 - ITI Ltd, the country largest telecom Comp. has won IMM award for excellence as 'Marketing Comp. in the Organised Sector' for year 1998. The award comprising of gold, silver trophy & a certificate of merit.

- ITI Limited will soon introduce the automated system technology for payment of bills & for coin change machines.

- Indian Telephone Industries [ITIs] & its joint venture concern are set to bag a substantial portion of Rs. 118-crore tender for synchronous digital hierarchy [SDHs] equipment which was opened recently by Department of Telecommunications [DoTs].

- ITI Ltd, has set up very large scale integration [VLSIs] fabrication unit to manufacture highly critical integrated circuits [chipss] with an investment of Rs 153 crore, at its Bangalore plant.

1999 - CMC Limited signed an agreement with ITI Limited to implement an Enterprise Resource Planning software at the companies facility at Mankapur in Gonda district.

- ITI limited has entered into a fresh agreement with Alcatel & has renewed its tow decade old agreement to further strengthen technological co-operations.

- The Indian telecom giant ITI Ltd, the first public sector unit to be set up after Independence, has charted out a strategy to portray itself as a dynamic organisation concentrating more on marketing activities along with a special focus on the export markets.

- ITI limited is likely to be shortlisted for setting up the earth station at the proposed software technology park [STPs] in Hubli.

- The Comp. signed an MoU with the DoT for its turnover of Rs 2,000 crore for year 2000-2001.

2000 - The Comp. has commissioned the state-of-the-art V-SAT network designed & produced by it for army as a move towards modernising the communication network of defense force.

- Bangalore-based telecom major ITI has been awarded the Prime Minister MOU award for excellence for year 1998-99.

- Compaq India & ITI Ltd have signed an MoU to leverage each others expertise to deliver soluions for businesses where there is an increasing convergence of telecom & IT.

- Ms Lakshmi G Menon has taken over as the chairman & managing director of ITI, India largest telecom equipment manufacturer.

2001 - Mr Vijoy Kumar, Deputy Director General, has been appointed as part-time official director of Comp. effective from 2nd March in place of Mr Rajeev Agrawal. U D Paradkar retires from Directorship of ITI Ltd

- ITI Ltd has informed BSE that Shri U.D.Paradkar, Director - Bangalore Plant of Comp. has retired from the services of Comp. on December 31, 2001.

2002

-Mr U D Paradkar retires from the services of Comp. as the Director.

-Board approves the proposal for amendment to MOA of ITI Ltd for enhancement of Authorised share capital from Rs.100crs to Rs.250 crs by issue of preference shares under private placement.

-Ties up with Texas to develop IP Phones.

-Mr Pankaj Agarwal appointed as the Director on the Board of company.

-Mr S K Manocha appointed as the Chairman & MD of ITI Ltd.

-Push button Phone of ITI receives Approved Inspection Scheme [AISs] certification.

-Comes out with Carrier class MPLS & MPLS-VPN [Multiprotocol Lable switching based virtual private networks] solution to end customers.

-Appoints Mr J K Verma as the Director on the Board.

-Designs & Develops the first ever indigenious Web-enabled Smart Connect Call Centre.

-Forays into the International Long Distance segment.

2003

-Signs MoU with Shenzhen-Zhongxing Telecom Ltd for setting up infrastructure for Code Division Multiple Access network in India.

-Shri Vijoy Kumar takes charge as the Chairman & MD of company.

-Unveils India first Security Software Product E-Seal [Electronic Secure Encryption authentication Locks].

-Shri Y K Pandey assumes charge as the CMD of Comp. from May 6th.

-MTNL,BSNL , ITI Ltd & TCIL drop their plan to provide International Long Distance Services

-Mr S K Manocha relinquishes the Directorship on the Board of ITI.

-Declares itself sick under the Sick Industrial Companies Act following the erosion of more than 50% of its networth.

-Fibcom India Ltd, a joint venture between ITI & Tellabs receives the award for Excellence in Professional Electronics for 2001-2002 from Ministry of Communication & Information Technology.

-Emerges as the top telecom turnkey services Comp. in the country.

-Board approves for issue of L series of bonds of Rs.940 million on private placement basis with government of India Guarantee.

-ITI limited declared itself sick under the provisions of Sick Industrial Companies [Special Provisionss] Act, 1985, following the erosion of more than 50% of its networth.

2004

-ITI forges alliance with Chinese firm to manufacture CDMA handsets

-ITI enquires on MTNL pact with Huawei

-ITI Ltd, Palakkad, gets Cochin Shipyard Rolling Trophy for industrial safety instituted by National Safety Council, Kerala Chapter, in the engineering industries sector

-Signs MoU with Alcatel aimed at establishing long-term cooperation for digital subscriber line [DSLs] deployment in the Indian market

- Indian Telephone Industries ties up with France based Alcatel for supply & installation of Bharat Sanchar Nigam [BSNLs] GSM network in the western region of India.

-Tejas Networks India Ltd, a telecom products company, has signed a five-year technical collaboration agreement with ITI Ltd for its TJ100 series of next-generation Synchronous Digital Hierarchy [SDHs] products

2006

-ITI Ltd - Wins Top Telecom Turnkey Comp. Award -ITI Ltd has appointed Shri Ravi Agarwal, GM-GSM, of Comp. as Director-Production on the Board of Comp. with effect from October 31, 2006.

-Iti limited has informed that Shri K. T. Mayuranathan, has assumed charge to the post of Comp. Secretary of Comp. with effect from November 20, 2006, in place of Shri K. Ramaswamy, Comp. Secretary, who had earlier resigned.

-ITI Ltd has informed that Shri. Y K Pandey, Chairman and Managing Director of Comp. on Earned Leave from November 01, 2006 to January 31, 2007 [both days inclusives]. Shri. Pritam Singh, Director-Marketing, has been appointed as In-Charge Chairman & Managing Director, as conveyed vide DOT letter dated November 03, 2006.

-ITI limited has informed that Shri R. Bandyopadhyay, Addl Secretary [Ts], Department of Telecommunication, New Delhi & Shri P.K. Tiwari, Director [R&Ps], Department of Telecommunication, New Delhi have been appointed as part-time Official Directors on the Board of ITI Limited, in place of Shri Pankaj Agrawala, JS, DIT & Shri N. P. Singh, DDG [IPs] , DoT respectively.

2007

-ITI Ltd has informed that in pursuance of DoT letter dated August 23, 2007, Shri. S K Chatterjee, Director-HR, of Comp. has assumed the charge as Chairman and Managing Director [CMDs] on the Board of Comp. w.e.f. August 24, 2007 [Forenoons].

2008

-ITI Ltd has informed that Shri. B P Gupta has been appointed as Director-Finance of Comp. by Government of India vide Ministry of Communications & IT letter dated December 31, 2007.

-ITI limited has informed that 'Shri K.K. Khurana has been appointed as Director-HR of ITI Limited by Government of India vide Ministry of Communications & IT letter No. 4-7/2007-Fac-II dated 04.04.2008. He has assumed office on 04.04.2008.'

-ITI Ltd has informed that BIFR vide letter dated March 25, 2008 appointed Shri. C K Koshy as Special Director on the Board of Director of Comp. u/s 16[4s] of Sick Industrial Companies [Special Provisionss] Act, 1985.











Home | Services | Market News | General News | Bookmark Us| Rss Feeds | Blog | Archive | Currency Converter | Site Map | About Us | Contact Us
 Mutual Funds Forthcoming IPO'sStock Market Glossary 
Comp. Profile | Bal. Sheet | P&L | Half-Yearly Results | Notes to Accounts | Financial Ratios | Yearly High-Lows | History | Capital Structure | Board of Directors | Share Holding Pattern | Key Executives
 
Disclaimer: Trading and investing in commodities & stocks is high risk activity. Any action you choose to take or make in the stock market is totally your own responsibility. Source2update.com Resources
   will not be liable for any, indirect or direct, incidental or consequential damages or loss arising out of the use of this information.Add Url
Disclosure: The information at this website is neither an offer to sell nor solicitation to buy any of the securities mentioned in here. The writers may be or may not be trading on the Link To Us
   securities mentioned. Advertise With Us
  Copyright 2009 source2update.com All rights reservedDisclaimerGadgets