About
ITI Ltd
ITI Limited is the leading provider of Electronic manufacturing i.e Defence electronics products & systems. The Company offers complete range of telecom products and total solutions covering the whole spectrum of Switching, Transmission, Access and Subscriber Premises equipment. They manufacture mobile infrastructure equipment based on global system for mobile (GSM) technology and code division multiple access (CDMA) technologies.
The Company has state-of-the-art manufacturing facilities spread across six locations at Bangalore (Karnataka), Naini (UP), Rae Bareli (UP), Mankapur (UP), Palakkad (Kerala) and Srinagar (J&K). They have a countrywide network of marketing/ service outlets. Their regional offices are located at New Delhi, Bangalore, Kolkata, Lucknow, Mumbai, Chennai, Hyderabad, Bhubaneswar, Bhopal, Ahmedabad and Kochi. Also, they have their Network Systems Unit at Bangalore. The company has three R&D Centers located at Bangalore, Naini and Mankapur.
ITI Ltd was incorporated in January 25th, 1950. The Company was India's first Public Sector Unit. It had tie ups with Alcatel, France, and NKT, Denmark, for switching equipment and optical link technical equipment, with NEC, Japan for digital microwave equipment. In December 1992, it formed a joint venture with Valvas and ISL, namely IT Communications Pte Ltd, Singapore.
During the year 1995-96, the company inaugurated the country's first computerized trunk manual exchange at Cuttack and Orissa. They also indigenously developed, manufactured, installed and commissioned the Army Static Switched Communication Network (ASCON). They signed an MoU for strategic alliance with Mahindra British Telecom (MBT), for joint business development and project management. Also, they entered into a strategic alliance with MTNL for further expansion of their GSM network.
During the year 2003-04, the company introduced new products in the BSNL Network, namely corDect, V 5.2 AN RAX of C-DOT design, Managed Leased Line Network, Digital Loop Carrier SDH, CDMA based Fixed Wireless Terminal and Mobile Terminals. They entered into the IT segment by supplying Smart Card based Pay Phones, SIM Cards, Info Kiosk, IVRS, Narrow Brand Remote Access Servers and MPLS Routers.
During the year 2004-05, the company manufactured a number of new products like GSM-BTS, Digital Loop Carrier (DLC-SDH), CDMA based IFWT, SIM Cards, etc. In May 2004, the Company signed a collaboration agreement with Tejas Networks for Next Generation SDH equipment to fully comply with latest GR Specifications. In June 2004, they signed a collaboration agreement with G&D (Giesecke Devrient), Germany for manufacture of SIM Cards.
In August 2004, the company signed an MoU with Adhunik Power Systems for Automated Integrated Management System. Also, they signed an MoU with BSNL for revenue sharing project for running Broadband VSAT services. In September 2004, they signed a collaboration agreement with Tekelec for manufacture of Soft-switch based IP TAX Standalone Signal Transfer Point equipment.
During the year 2005-06, the company manufactured a number of new products such as GSM-BTS, Edge TRU, Conversion Kits, DLC Broadband, New Generation STM-DTH, SSTP, ADSL-DSKAM. During the year 2006-07, they manufactured many new products such as GSM-BTS, Edge TRU, Conversion kits, New Generation STM-SDH and SSTP. Also, they inducted Energy Saving Devices and Power Distribution Automation Projects in Power Sector. During the year 2007-08, the company introduced new products such as GSM, 2G/3G, CDMA, IFWT, SDH, MLLN, NGN, ADSL, WIMAX, G-PON etc.
During the year 2008-09, the company bagged the order of 9 Million Lines GSM (Global System for Mobile) from BSNL, West Zone and supplied Rs 590 crore worth of equipments to BSNL, West Zone. They also bagged the order of 9 Million Lines GSM from BSNL for South Zone and supplied worth of Rs 342 crore of equipments. They made a technical collaboration with Point Red Telecom, Bangalore in order to address business of deployment of Wi- MAX Networks.
During the year 2009-10, the company in collaboration with Alphion Corporation, USA, deployed the G-Pon Technology in BSNL Network. They established the manufacturing facility for Gigabit Passive Optical Network (GPoN) at their Rae Bareli Plant and successfully supplied equipment to the tune of Rs 270 crore to BSNL. Also, they implemented the National Population Register Project of the Ministry of Home Affairs at their Palakkad Plant.
During the year, the company commissioned and put into service Next Generation Switch for mobile connectivity with 500,000 capacities at Mahanagar Telephone Nigam Ltd, as a part of their two million 2G & 3G GSM project for MTNL, Mumbai. The company Regional office, Bangalore, in conjunction with their consortium partner Ojus Healthcare Pvt Ltd of Bangalore made forays into telemedicine field for 70 sites across various states in India to provide the Oncology specialist the OncoNET Centres at Kidwai Memorial Institute of Ocnology, Bangalore and Mandya Institute of Medical Science, Mandya.
In June 2009, the company set up Date Centre in Bangalore Plant in association with Trimax Date Centre Services Ltd. In March 17, 2010, the company inaugurated a new integrated R&D laboratory at ITI Plant in Bangalore. In April 2010, Public Relations Council of India conferred Special Corporate Collateral Award 2010 to the company for their House Journal 'Doorvani'.
In December 2010, the company signed an agreement to evaluate, discuss and negotiate contractual relationship concerning the Transfer of Technology for C-DoT Gigabit Passive Optical Network (G-PON) System. The co-operation in this product line will be used for developing indigenous manufacturing of the product in ITI.
The company has sold their entire (49%) equity stake in India Satcom Ltd for a sales consideration of Rs 3 crore in favour of Chris Tech Systems Pvt Ltd and sale of proceeds are kept in Escrow Account awaiting Government approval.
The company is envisaging setting up of Special Purpose Vehicles (SPV) or Joint Venture Companies (JVs) in Rae Bareli (WiMax & CPE), Naini (GPON) & (GEPON) and Bangalore (IP Core Systems) as a part of company's revival plan. The company is exploring setting up a Data center in other units of the company to encash huge market potential in the areas of secured data storing.
ITI Bangalore plant successfully executed the purchase order worth Rs.47.20 crore for Next Generation Network (NGN) products received from BSNL. Further, Advance Purchase Order (APO) from BSNL to the tune of Rs 120 crore is available for execution of this project during 2015-16.
During FY 2015-16, ITI implemented GSM Projects in BSNL West Zone and MTNL-Mumbai in technology alliance with M/s Alcatel-Lucent & in South Zone in technology alliance with M/s Huawei. The Annual Maintenance Contract related works have been carried out in these zones.
In the year 2015-16, ITI had executed orders from Defense sector for IP encryptors, NGN (BU), 5C telephone instruments etc.
The Cabinet Committee on Economic Affairs (CCEA), on 24th February 2014 approved financial assistance, based on the recommendations of Board for Reconstruction of Public Sector Enterprises (BRPSE) to an extent of Rs 4156.79 crore for the revival of the Company. The fund infusion will be capital grant of Rs 2264 crore in the form of equity and the balance amount of Rs 1892.79 crore in the form of grant-in-aid. The Company has received Rs192 crores from Ministry of Communications and IT for meeting the expenditure towards CAPEX implementation of various projects in its various plants, during February 2015. Government of India vide letter no.20-36/2012- FAC-II dated 20 July 2016 has communicated the approval of Cabinet Committee on Economic Affairs to transfer requisite number of shares of President of India to Special National Investment Fund to meet SEBI's minimum public shareholding requirement. The Board of Director in its meeting held on 11 August 2016 has approved allotment of 19,20,00,000 equity shares of Rs 10 each at par amounting to Rs 192,00,00,000 to President of India.
During FY 2016, the supply consisted of NGN supplies worth Rs 63.22 crores under the Government's prestigious Digital India Initiative. Under services, the unit executed Rs 65.11 crores for GSM-SZ AMC, Rs 8.6 crores for Defence AMC, Rs 0.09 crores for CDMA WLL AMC and Rs 13.97 crores for Data Centre Business. The Unit also supplied Defence Equipments worth Rs 3.82 crores, ISAT for CRPF Rs 1.23 crores, Telephones for Defence and BSNL worth Rs 0.47 crores; Primary MUX for BSNL for Rs 0.45 crores, Contract Manufacturing and Reliability Lab services Rs 0.9 crores and Spares Rs 0.07 crores.
During FY 2017, the supply consisted of NGN supplies worth Rs.35.86 Crores under the Government's prestigious Digital India Initiative. Under services, the unit executed GSM-SZ AMC of Rs.76.25 Crores, Defense AMC of Rs.13.65 Crores and generated revenue of Rs.19.13 Crores from Data Centre Business. The Unit also supplied Defense Equipments worth Rs.62.55 Crores, ISAT for CRPF - Rs.1.57 Crores, Telephones for Defense and BSNL worth Rs.0.79 Crores; Primary MUX for BSNL for Rs.2.58 Crores, Contract Manufacturing and Reliability Lab services Rs. 0.78 Crores, and Spares Rs.0.01 Crores. Under the revival plan Phase I, 6 projects viz Legacy secrecy projects, 1 Gigabit encryptor, Multi-channel Encryption Unit, PSU Business, SCADA, MUX, Telephone, Data Centre and IT Projects are implemented. All the manufacturing areas viz. IGI, Component Test Labs, PCB Plant, SMT Line, Central Machine Shop, Coil Winding, Injection Moulding, Inspection and Testing, Material Handling, Reliability Chambers, Air conditioning Plants, Power backups like UPS, DG sets, Safety Equipments, Servers, Desktops, Laptops etc. were upgraded with modern equipments to take care of latest technology in Electronics Manufacturing. Similarly, R&D upgraded the research facilities by inductin latest development tools for future requirements. R&D took on development of Multi channel Encryption Units (MCEU), Gigabit Encryptor, Optical transport Unit (OTU1 & OTU2), 1G & 10 G Interface for NFS secrecy, etc.
During FY 2017, the Bangalore Plant has signed about 4 MoUs for development manufature and supply of Radio Modem, CLIP phones, Antenna and Ruggedised MUX equipment.
The Company commissioned EMI/EMC Lab Chamber and Test System in June 2019. It set up Safety Lab service, which commenced from June 2019. It developed products in areas like Encryption Systems for Defence, Network Solutions for Communication Network, Power Supply Modules and Integrated Selection System. Out of these, the Encryption products have been undergone Field trials and
testing & Evaluation by customers. It has also ventured in to diversifi ed products/services/solutions like OFC /HDPE pipe manufacturing, Smart card manufacturing, Radio modem, Antenna, Data Centre services (SaaS, Aadhaar based authentication Services etc.), Digital Mobile wallet TAG-ITI for cashless transaction, Products / solutions under IOT verticals, Component screening, manufacturing and supply of avionics modules for ISRO, Set top box, Hand Held Terminals, Mini PC, Smart energy meter manufacturing etc. It has installed manufacturing line for Optical Fiber Cable (OFC) at Rae Bareli unit.
The Company signed contract for prestigious project of National Importance (ASCON-IV) on 01st October 2020 with the Indian Army. It had executed the first 3 phases of ASCON project. It signed a Memorandum of Understanding (MoU) with Tech Mahindra, to work together in the areas of 4G & 5G Wireless Technology, Equipment Manufacturing, Smart Cities, Health Care services. It has also signed MoU with TCS, a leading IT and ITeS services organization.
In FY 2021, Company has signed contract with Ministry of Defence for execution of the mega order of Army Static Switched Communication Network (ASCON) Phase IV project worth Rs 7,796.39 crores, which includes Installation, commissioning and maintenance of telecom equipment, NMS, mobile nodes and civil works for providing the complete infrastructure at various sites and roll out of optical fiber network. The project covers IP MPLS-based communication network with microwave radio & satellite Spread across northern, north-eastern and western regions. It completed Design, Development, Manufacture and Supply of various types of
Encryptor i.e Multi-Capacity Encryptor Unit (MCEU), IP Encryptor, Terminal End Secrecy Device (TSED), Secure Fax, etc for various
Defence and Govt. Sectors. It has installed 8 systems at various strategic locations under the jurisdiction of GPO, Bangalore. It signed the ToT agreement with VSSC/ISRO Trivandrum for the Manufacturing of portable Medical Oxygen Concentrator (called Shwaas). ITI Limited Palakkad has ventured into the field of manufacturing and marketing of Laptop and have hosted two models namely ITIB14LI5 / ITIB15LI5 in the GeM porta, which are are duly certified by BIS, ROHS, CE and FCC.
During FY 2021-22, Bangalore Plant has designed, manufactured and supplied around 189 Encryption Products. It has supplied 202 no's of Field Telephone (5C) to Ashok Leyland, GRSE and 301 no's of ETS (1+1) telephones to BSNL. It also manufactured and supplied 170 nos of Nutan Telephone to various customers. The Company had completed the BSNL GSM project of around Rs.2940 Crore in various BSNL -South Zone Circles namely - Andhra Pradesh, Telangana, Chennai, Karnataka, Kerala and Tamil Nadu Circle along with mandatory AMC.
During the year 2023, the Company manufactured Encrytpor's for Defence, Laptop / PC, Solar Panels, Optical Fiber Cable, High-Density Polyethylene (HDPE), Switched Mode Power Supply (SMPS), etc at its various Units.
In 2023, ITI launched LVM3 M2/OneWeb India-1 Mission on 23rd October 2022; launched Chandrayaan Mission 3 for LVM3-M4 Palakkad Plant on 14th July 2023. At the Mankapur Unit, HDPE Duct Plant converted to manufacture Water Pipes and around 5000 KMs of water pipe manufactured; Secondly, the Unit manufactured and supplied around 1140 Nos of Fibre Distribution Management Systems (FDMS) for Army Static Switched Communication Network (ASCON) PH-IV & TANFINET projects. Mankapur Plant manufactured 8000 Nos of ONTs for RailTel. Rae Bareli Unit manufactured around 23,400 KMs of HDPE Duct for ASCON PH-IV, MahaNet, Tanfinet, A&N Projects and also Indian Air Force (IAF) Projects. Further, the Unit manufactured around 23,407 KMs of OFC and supplied mainly for ASCON, and Tanfinet Projects. Further, it completed manufacturing of Radio Access Network (RAN) with C-DOT Technology. ITI Limited Mankapur Plant developed in house Product as '24Fibre FDMS (Fiber Distribution Management System)'for the supply of Tanfinet Project.
During the year 2023, ITI completed the BSNL GSM Project of 9ML GSM equipment in BSNL South Zone costing around Rs 2940 Crores in BSNL -South Zone Circles including AP, Telangana, Chennai, Karnataka, Kerala and Tamil Nadu Circle. The New Data Centre Business was established under the Revival Plan with 1000 Racks capacity at Bangalore Unit. Rae Bareli Unit manufactured OFC for ASCON, Tanfinet project and Railways; ITI completed Supply & installation of 7252 Nos Solar Street lights System in BREDA Project; installed 10 KW Off-grid Rooftop Solar Projects in Army Public School Jhansi and RTO, Jaipur, Bhubneshwar; Supplied 4500 nos of 60Wp SPV Panel to BBNL through GeM contract.
The Board of Directors in its meeting held on 11th May 2023 had allotted 1,13,09,586 Equity Shares at Rs 94.61 (Rs 10/- Face Value and at a premium of Rs 84.61 per share) to the President of India on preferential basis, by vitrue of which the Company received Rs 107 Crores as Capex from Government of India effective 23rd March 2023.
ITI Ltd
Chairman Speech
Dear Members,
It is an honour and a great privilege to present the 73rd Annual Report
of ITI Limited for the Financial Year 2022-23. I am pleased to inform you that the Company
has complied with the guidelines on Corporate Governance for CPSEs. On behalf of ITI
Limited and the Board of Directors, it is indeed an honour and a privilege to share my
thoughts with you through the Annual Report 2022-23.
Dear Shareholders, before I talk about the performance of the last
financial year, I would like to share with you all that ITI Limited has bagged completely
indigenous 4G technology Order from BSNL which is worth Rs 2421.49 Crores including
Supply, Installation & Commissioning of 4G Radio in 23,633 sites in West Zone. This
was the most awaited order and is very important for ITI Limited as it opens new avenues
in 5G technology arena also. Let me now talk about the Financial Year 2022-23. This year
of the Company has been a year of several challenges and unexpected issues. The most
expected projects did not mature during this year due to some concerns of the customers.
PoC of the ASCON Phase IV project has not been concluded delaying the project rollout and
the cash flow. Similarly, there has been an undue delay in the completion of PoC of BSNL
4G Project, thus delaying the RQ order from BSNL. These two unwarranted events have caused
a big blow to our performance, and the Company's turnover as well as profits have dwindled
in this year. Company has achieved a turnover of Rs 1588.60 Crores, with a loss of Rs
359.85 Crores. Despite big disappointment from the two mega projects, the above turnover
was made possible by the contribution mainly from Turnkey Projects like ASCON Phase IV,
Mahanet, TanfiNet, NFS Project, Gujnet, and IAF project for Upgradation of 3G network to
4G/LTE. This year's contribution from Manufacturing was mainly from supply of various
products viz HDPE, OFC, Encryption Products, Solar Panels, FDMS, Mini PC, and Solar Street
Lights. Services like AMC for ASCON, OCB, GSM-SZ & MLLN, Data Centre, VSSC Business,
Third Party Audit Services (TPA) and also business generated by MSPs have contributed for
this achievement.
Dear Shareholders, as mentioned above, the Company is going in a big
way addressing the latest technology opportunities for 4G which is expected to pave way
for the next generation that is 5G. We have collaborated with TCS for rolling out the
project as well as for manufacturing the 4G Radios. Other than Radios, ITI Limited also
plans to manufacture outdoor cabinets and cables required for the roll out.
ITI Limited has also signed MOU with C-DOT for Transfer of Technology
for manufacturing of 4G Radios. Despite supply chain long lead time for components, we
have been able to roll out first Prototypes within 6 to 7 months and they are already
deployed by ITI Limited at Ambala for PoC. We have already received a PO for POC (20 sites
of 4G & 5 sites for 5G) from BSNL. Manufacturing of 4G Radios will enable ITI Limited
for manufacturing 5G Radios which is expected to be a path- breaking change for the
Company. Another opportunity in 4G Radios manufacturing is also expected out of USOF
approved pilot projects. The Company is coordinating with 4 start-up firms to deploy these
pilot projects. This is expected to give the Company more openings on the technology front
for addressing emerging technology business coming from BSNL and other customers.
Dear Shareholders, I am happy to inform that our R&D developed
Electronic Voting Machine (EVM) has been approved by Technical Evaluation Committee. ITI
Limited has initiated for mass manufacturing of EVMs. The Company is also pursuing with
State Election Commissions (SECs) for marketing the EVMs. Another product developed by
R&D is the Digital Mobile Radio (DMR) and prototypes have been demonstrated to Indian
Railways. Good market demand is expected from agencies like MHA, State Police, Defence
Forces in addition to Railways.
We are also making all out efforts to market the services offered from
our Data Centre. Data Centre has been equipped to offer wide range of services including
Cloud services, Managed Security Services, On-demand Services, Professional Services,
Security (SoC), and Managed IT Services. Out of the Data Centre, we have an initiative to
set up SoC platform to offer services to customers and MSMEs to monitor, prevent, detect,
investigate, and respond to cyber threats round the clock. Telecom Test Labs offer vide
range of test services across customers ranging from commercial, communication, medical,
automotive, railways, industrial, IT, and domestic sectors. EMI/ EMC Lab is upgraded for
Military standards and the lab is accredited by NABL and TEC Conformity Assessment Body
(CAB), TEC Delhi. The Start-up Hub is making good progress in attracting start-up firms
and there is a need to identify start-ups in telecom domain to be part of this Hub so that
we could encourage the innovative products in the Telecom, IoT and other areas by way of
manufacturing & marketing of successful products. Our R&D has been a pioneer for
last 5 decades in the design & supply of encryption devices to Defense sector.
With regard to the contribution of Units, Palakkad Unit in
collaboration with Intel has been manufacturing and marketing Laptops. The Laptops
developed by Palakkad Unit have acquired certifications from BIS, FCC, RoHS, CE, BEE etc.
The Desktop Micro PCs have been supplied to various Educational Organisations and annually
around 2000 to 3000 Micro PCs are being shipped from Palakkad Unit. I feel proud to inform
that we have received an Appreciation Letter for commendable contribution made by Palakkad
Team by way of fabricating avionics packages flown on the launch of LVM3 M2/One Web
India-1 Mission, and Chandrayaan-3 (LVM3-M4) Mission, meeting all the quality norms of
ISRO and supplying in a time bound manner.
At our Mankapur Unit, HDPE Duct Plant has been converted to manufacture
Water Pipes and around 5000 KMs of water pipe has been manufactured till date to address
varied opportunities. The Unit has successfully manufactured and supplied around 1140 Nos
of Fibre Distribution Management Systems (FDMS) for ASCON PH-IV & TanfiNet projects.
Mankapur Plant has also manufactured 8000 Nos of ONTs for RailTel.
Our Raebareli Unit has manufactured around 23,400 KMs of HDPE Duct for
ASCON PH-IV, MahaNet, TanfiNet, A&N Projects and also Indian Air Force (IAF) Projects.
Further, the Unit has manufactured around 23,407 KMs of OFC and supplied mainly for ASCON,
and TanfiNet projects. Marketing Team has been exploring opportunities with private
operators like Vodafone, Airtel etc so that the facility runs at the maximum capacity.
The Solar Panels manufactured at Naini Unit have been used to set up
roof-top solar power plants in all the Units and Regional Office of ITI Limited.
Cumulative capacity of Captive Power Plants is around 5.6 MW of power which reduces the
energy expenditure of the Units by 20%. Our Naini Unit has also supplied SPV systems for
BharatNet projects. We have a plan to set up Mono Crystalline Solar Panel manufacturing
line of 500 Mega Watt capacity. Srinagar Unit focuses on Skill Development Programme and
has also established OFC Training Center.
The Company's Order Book needs to be improved year-on-year so as to
achieve sustainable growth. Corporate Marketing Team has been aggressively exploring
private market for various products. In this regard, ITI Limited is empanelled with
Vodafone for HDPE Duct. Many other initiatives of supplying Mini OLT and ONT, Supply of
Mini PC to private institutions, contract manufacturing of Tablet PCs, Laptops, OFC, HDPE
water pipes, mobile handsets, 15,000 Nos Solar Modules of 125 Watt for Patanjali are under
progress/active consideration and we hope to get good revenue from these opportunities.
Network System Unit (NSU) has contributed maximum for the revenue of
the last year. The performance achieved in the main projects executed by NSU is ASCON
PH-IV & AMC - Rs 390 Cr, Mahanet - Rs 313 Cr, TANFINET- Rs 140 Cr, IAF 4G, Gujnet,
NFS, GSM etc -Rs 382 Cr. Rollout of OFC has been under progress across the Western,
Northern & North-Eastern regions of India and 5865 Kms of T&D, 1681 Kms of AT has
been completed. Civil construction work has also been making good progress. In the
TANFINET project, 25% of GP litting work has been completed and 45% of OFC laying work has
been completed. We are planning to complete the project by September 2023.
Dear Shareholders, to be competitive in the business, your Company has
been trying to adapt to, and catch up & align with the rapid changes in technology. We
believe products like 4G/5G Radios, EVM, DMR may be the game-changers for the Company. We
have tough path ahead but our resolute focus is to surpass the obstacles and challenge to
march towards complete revival. We have to channelize all our talents & ingenuity
towards accomplishment of larger goal. Our utmost commitment is required to excel.
Meticulous efforts and steadfast march towards our goal is the need of the hour and would
enable the Company to scale up to newer heights. By aligning the Company with the various
new initiatives of Government, new technology, new business segments, new projects &
products, I am confident that, we can become a prominent player in making Indian Telecom
sector self-reliant - Aatma Nirbhar in the near future. As the Company would be completing
75 years of inception this year, the fitting way to celebrate ‘Amrit Mahotsav' is
through showing improved performance in this Financial year. With the support of DoT and
Government of India, we shall achieve best performance that would lead the Company towards
market leadership & financial sustenance.
I am grateful to the Government of India, Ministry of Home Affairs,
Ministry for Rural Development, Ministry of Defense, Department of Telecommunications,
Telecom Commission, BSNL, MTNL, BBNL, Defense, TCIL, Indian Railways, all departments of
Central and State Governments and other valued customers, depositors, banks, financial
institutions, overseas collaborators, Auditors, Committee on Public Undertakings [COPU],
Standing Committee on Information Technology and Standing Conference of Public Enterprises
[SCOPE] for their continued co-operation and support. I also take this opportunity to
extend my thanks to all the employees and shareholders for their support and
understanding.
| Thank You |
|
| Place: Bengaluru |
RAJESH RAI |
| Note: This does not purport to be a record of the proceedings
of 73rd Annual General Meeting. |
Chairman & Managing Director |
  Â
ITI Ltd
Company History
ITI Limited is the leading provider of Electronic manufacturing i.e Defence electronics products & systems. The Company offers complete range of telecom products and total solutions covering the whole spectrum of Switching, Transmission, Access and Subscriber Premises equipment. They manufacture mobile infrastructure equipment based on global system for mobile (GSM) technology and code division multiple access (CDMA) technologies.
The Company has state-of-the-art manufacturing facilities spread across six locations at Bangalore (Karnataka), Naini (UP), Rae Bareli (UP), Mankapur (UP), Palakkad (Kerala) and Srinagar (J&K). They have a countrywide network of marketing/ service outlets. Their regional offices are located at New Delhi, Bangalore, Kolkata, Lucknow, Mumbai, Chennai, Hyderabad, Bhubaneswar, Bhopal, Ahmedabad and Kochi. Also, they have their Network Systems Unit at Bangalore. The company has three R&D Centers located at Bangalore, Naini and Mankapur.
ITI Ltd was incorporated in January 25th, 1950. The Company was India's first Public Sector Unit. It had tie ups with Alcatel, France, and NKT, Denmark, for switching equipment and optical link technical equipment, with NEC, Japan for digital microwave equipment. In December 1992, it formed a joint venture with Valvas and ISL, namely IT Communications Pte Ltd, Singapore.
During the year 1995-96, the company inaugurated the country's first computerized trunk manual exchange at Cuttack and Orissa. They also indigenously developed, manufactured, installed and commissioned the Army Static Switched Communication Network (ASCON). They signed an MoU for strategic alliance with Mahindra British Telecom (MBT), for joint business development and project management. Also, they entered into a strategic alliance with MTNL for further expansion of their GSM network.
During the year 2003-04, the company introduced new products in the BSNL Network, namely corDect, V 5.2 AN RAX of C-DOT design, Managed Leased Line Network, Digital Loop Carrier SDH, CDMA based Fixed Wireless Terminal and Mobile Terminals. They entered into the IT segment by supplying Smart Card based Pay Phones, SIM Cards, Info Kiosk, IVRS, Narrow Brand Remote Access Servers and MPLS Routers.
During the year 2004-05, the company manufactured a number of new products like GSM-BTS, Digital Loop Carrier (DLC-SDH), CDMA based IFWT, SIM Cards, etc. In May 2004, the Company signed a collaboration agreement with Tejas Networks for Next Generation SDH equipment to fully comply with latest GR Specifications. In June 2004, they signed a collaboration agreement with G&D (Giesecke Devrient), Germany for manufacture of SIM Cards.
In August 2004, the company signed an MoU with Adhunik Power Systems for Automated Integrated Management System. Also, they signed an MoU with BSNL for revenue sharing project for running Broadband VSAT services. In September 2004, they signed a collaboration agreement with Tekelec for manufacture of Soft-switch based IP TAX Standalone Signal Transfer Point equipment.
During the year 2005-06, the company manufactured a number of new products such as GSM-BTS, Edge TRU, Conversion Kits, DLC Broadband, New Generation STM-DTH, SSTP, ADSL-DSKAM. During the year 2006-07, they manufactured many new products such as GSM-BTS, Edge TRU, Conversion kits, New Generation STM-SDH and SSTP. Also, they inducted Energy Saving Devices and Power Distribution Automation Projects in Power Sector. During the year 2007-08, the company introduced new products such as GSM, 2G/3G, CDMA, IFWT, SDH, MLLN, NGN, ADSL, WIMAX, G-PON etc.
During the year 2008-09, the company bagged the order of 9 Million Lines GSM (Global System for Mobile) from BSNL, West Zone and supplied Rs 590 crore worth of equipments to BSNL, West Zone. They also bagged the order of 9 Million Lines GSM from BSNL for South Zone and supplied worth of Rs 342 crore of equipments. They made a technical collaboration with Point Red Telecom, Bangalore in order to address business of deployment of Wi- MAX Networks.
During the year 2009-10, the company in collaboration with Alphion Corporation, USA, deployed the G-Pon Technology in BSNL Network. They established the manufacturing facility for Gigabit Passive Optical Network (GPoN) at their Rae Bareli Plant and successfully supplied equipment to the tune of Rs 270 crore to BSNL. Also, they implemented the National Population Register Project of the Ministry of Home Affairs at their Palakkad Plant.
During the year, the company commissioned and put into service Next Generation Switch for mobile connectivity with 500,000 capacities at Mahanagar Telephone Nigam Ltd, as a part of their two million 2G & 3G GSM project for MTNL, Mumbai. The company Regional office, Bangalore, in conjunction with their consortium partner Ojus Healthcare Pvt Ltd of Bangalore made forays into telemedicine field for 70 sites across various states in India to provide the Oncology specialist the OncoNET Centres at Kidwai Memorial Institute of Ocnology, Bangalore and Mandya Institute of Medical Science, Mandya.
In June 2009, the company set up Date Centre in Bangalore Plant in association with Trimax Date Centre Services Ltd. In March 17, 2010, the company inaugurated a new integrated R&D laboratory at ITI Plant in Bangalore. In April 2010, Public Relations Council of India conferred Special Corporate Collateral Award 2010 to the company for their House Journal 'Doorvani'.
In December 2010, the company signed an agreement to evaluate, discuss and negotiate contractual relationship concerning the Transfer of Technology for C-DoT Gigabit Passive Optical Network (G-PON) System. The co-operation in this product line will be used for developing indigenous manufacturing of the product in ITI.
The company has sold their entire (49%) equity stake in India Satcom Ltd for a sales consideration of Rs 3 crore in favour of Chris Tech Systems Pvt Ltd and sale of proceeds are kept in Escrow Account awaiting Government approval.
The company is envisaging setting up of Special Purpose Vehicles (SPV) or Joint Venture Companies (JVs) in Rae Bareli (WiMax & CPE), Naini (GPON) & (GEPON) and Bangalore (IP Core Systems) as a part of company's revival plan. The company is exploring setting up a Data center in other units of the company to encash huge market potential in the areas of secured data storing.
ITI Bangalore plant successfully executed the purchase order worth Rs.47.20 crore for Next Generation Network (NGN) products received from BSNL. Further, Advance Purchase Order (APO) from BSNL to the tune of Rs 120 crore is available for execution of this project during 2015-16.
During FY 2015-16, ITI implemented GSM Projects in BSNL West Zone and MTNL-Mumbai in technology alliance with M/s Alcatel-Lucent & in South Zone in technology alliance with M/s Huawei. The Annual Maintenance Contract related works have been carried out in these zones.
In the year 2015-16, ITI had executed orders from Defense sector for IP encryptors, NGN (BU), 5C telephone instruments etc.
The Cabinet Committee on Economic Affairs (CCEA), on 24th February 2014 approved financial assistance, based on the recommendations of Board for Reconstruction of Public Sector Enterprises (BRPSE) to an extent of Rs 4156.79 crore for the revival of the Company. The fund infusion will be capital grant of Rs 2264 crore in the form of equity and the balance amount of Rs 1892.79 crore in the form of grant-in-aid. The Company has received Rs192 crores from Ministry of Communications and IT for meeting the expenditure towards CAPEX implementation of various projects in its various plants, during February 2015. Government of India vide letter no.20-36/2012- FAC-II dated 20 July 2016 has communicated the approval of Cabinet Committee on Economic Affairs to transfer requisite number of shares of President of India to Special National Investment Fund to meet SEBI's minimum public shareholding requirement. The Board of Director in its meeting held on 11 August 2016 has approved allotment of 19,20,00,000 equity shares of Rs 10 each at par amounting to Rs 192,00,00,000 to President of India.
During FY 2016, the supply consisted of NGN supplies worth Rs 63.22 crores under the Government's prestigious Digital India Initiative. Under services, the unit executed Rs 65.11 crores for GSM-SZ AMC, Rs 8.6 crores for Defence AMC, Rs 0.09 crores for CDMA WLL AMC and Rs 13.97 crores for Data Centre Business. The Unit also supplied Defence Equipments worth Rs 3.82 crores, ISAT for CRPF Rs 1.23 crores, Telephones for Defence and BSNL worth Rs 0.47 crores; Primary MUX for BSNL for Rs 0.45 crores, Contract Manufacturing and Reliability Lab services Rs 0.9 crores and Spares Rs 0.07 crores.
During FY 2017, the supply consisted of NGN supplies worth Rs.35.86 Crores under the Government's prestigious Digital India Initiative. Under services, the unit executed GSM-SZ AMC of Rs.76.25 Crores, Defense AMC of Rs.13.65 Crores and generated revenue of Rs.19.13 Crores from Data Centre Business. The Unit also supplied Defense Equipments worth Rs.62.55 Crores, ISAT for CRPF - Rs.1.57 Crores, Telephones for Defense and BSNL worth Rs.0.79 Crores; Primary MUX for BSNL for Rs.2.58 Crores, Contract Manufacturing and Reliability Lab services Rs. 0.78 Crores, and Spares Rs.0.01 Crores. Under the revival plan Phase I, 6 projects viz Legacy secrecy projects, 1 Gigabit encryptor, Multi-channel Encryption Unit, PSU Business, SCADA, MUX, Telephone, Data Centre and IT Projects are implemented. All the manufacturing areas viz. IGI, Component Test Labs, PCB Plant, SMT Line, Central Machine Shop, Coil Winding, Injection Moulding, Inspection and Testing, Material Handling, Reliability Chambers, Air conditioning Plants, Power backups like UPS, DG sets, Safety Equipments, Servers, Desktops, Laptops etc. were upgraded with modern equipments to take care of latest technology in Electronics Manufacturing. Similarly, R&D upgraded the research facilities by inductin latest development tools for future requirements. R&D took on development of Multi channel Encryption Units (MCEU), Gigabit Encryptor, Optical transport Unit (OTU1 & OTU2), 1G & 10 G Interface for NFS secrecy, etc.
During FY 2017, the Bangalore Plant has signed about 4 MoUs for development manufature and supply of Radio Modem, CLIP phones, Antenna and Ruggedised MUX equipment.
The Company commissioned EMI/EMC Lab Chamber and Test System in June 2019. It set up Safety Lab service, which commenced from June 2019. It developed products in areas like Encryption Systems for Defence, Network Solutions for Communication Network, Power Supply Modules and Integrated Selection System. Out of these, the Encryption products have been undergone Field trials and
testing & Evaluation by customers. It has also ventured in to diversifi ed products/services/solutions like OFC /HDPE pipe manufacturing, Smart card manufacturing, Radio modem, Antenna, Data Centre services (SaaS, Aadhaar based authentication Services etc.), Digital Mobile wallet TAG-ITI for cashless transaction, Products / solutions under IOT verticals, Component screening, manufacturing and supply of avionics modules for ISRO, Set top box, Hand Held Terminals, Mini PC, Smart energy meter manufacturing etc. It has installed manufacturing line for Optical Fiber Cable (OFC) at Rae Bareli unit.
The Company signed contract for prestigious project of National Importance (ASCON-IV) on 01st October 2020 with the Indian Army. It had executed the first 3 phases of ASCON project. It signed a Memorandum of Understanding (MoU) with Tech Mahindra, to work together in the areas of 4G & 5G Wireless Technology, Equipment Manufacturing, Smart Cities, Health Care services. It has also signed MoU with TCS, a leading IT and ITeS services organization.
In FY 2021, Company has signed contract with Ministry of Defence for execution of the mega order of Army Static Switched Communication Network (ASCON) Phase IV project worth Rs 7,796.39 crores, which includes Installation, commissioning and maintenance of telecom equipment, NMS, mobile nodes and civil works for providing the complete infrastructure at various sites and roll out of optical fiber network. The project covers IP MPLS-based communication network with microwave radio & satellite Spread across northern, north-eastern and western regions. It completed Design, Development, Manufacture and Supply of various types of
Encryptor i.e Multi-Capacity Encryptor Unit (MCEU), IP Encryptor, Terminal End Secrecy Device (TSED), Secure Fax, etc for various
Defence and Govt. Sectors. It has installed 8 systems at various strategic locations under the jurisdiction of GPO, Bangalore. It signed the ToT agreement with VSSC/ISRO Trivandrum for the Manufacturing of portable Medical Oxygen Concentrator (called Shwaas). ITI Limited Palakkad has ventured into the field of manufacturing and marketing of Laptop and have hosted two models namely ITIB14LI5 / ITIB15LI5 in the GeM porta, which are are duly certified by BIS, ROHS, CE and FCC.
During FY 2021-22, Bangalore Plant has designed, manufactured and supplied around 189 Encryption Products. It has supplied 202 no's of Field Telephone (5C) to Ashok Leyland, GRSE and 301 no's of ETS (1+1) telephones to BSNL. It also manufactured and supplied 170 nos of Nutan Telephone to various customers. The Company had completed the BSNL GSM project of around Rs.2940 Crore in various BSNL -South Zone Circles namely - Andhra Pradesh, Telangana, Chennai, Karnataka, Kerala and Tamil Nadu Circle along with mandatory AMC.
During the year 2023, the Company manufactured Encrytpor's for Defence, Laptop / PC, Solar Panels, Optical Fiber Cable, High-Density Polyethylene (HDPE), Switched Mode Power Supply (SMPS), etc at its various Units.
In 2023, ITI launched LVM3 M2/OneWeb India-1 Mission on 23rd October 2022; launched Chandrayaan Mission 3 for LVM3-M4 Palakkad Plant on 14th July 2023. At the Mankapur Unit, HDPE Duct Plant converted to manufacture Water Pipes and around 5000 KMs of water pipe manufactured; Secondly, the Unit manufactured and supplied around 1140 Nos of Fibre Distribution Management Systems (FDMS) for Army Static Switched Communication Network (ASCON) PH-IV & TANFINET projects. Mankapur Plant manufactured 8000 Nos of ONTs for RailTel. Rae Bareli Unit manufactured around 23,400 KMs of HDPE Duct for ASCON PH-IV, MahaNet, Tanfinet, A&N Projects and also Indian Air Force (IAF) Projects. Further, the Unit manufactured around 23,407 KMs of OFC and supplied mainly for ASCON, and Tanfinet Projects. Further, it completed manufacturing of Radio Access Network (RAN) with C-DOT Technology. ITI Limited Mankapur Plant developed in house Product as '24Fibre FDMS (Fiber Distribution Management System)'for the supply of Tanfinet Project.
During the year 2023, ITI completed the BSNL GSM Project of 9ML GSM equipment in BSNL South Zone costing around Rs 2940 Crores in BSNL -South Zone Circles including AP, Telangana, Chennai, Karnataka, Kerala and Tamil Nadu Circle. The New Data Centre Business was established under the Revival Plan with 1000 Racks capacity at Bangalore Unit. Rae Bareli Unit manufactured OFC for ASCON, Tanfinet project and Railways; ITI completed Supply & installation of 7252 Nos Solar Street lights System in BREDA Project; installed 10 KW Off-grid Rooftop Solar Projects in Army Public School Jhansi and RTO, Jaipur, Bhubneshwar; Supplied 4500 nos of 60Wp SPV Panel to BBNL through GeM contract.
The Board of Directors in its meeting held on 11th May 2023 had allotted 1,13,09,586 Equity Shares at Rs 94.61 (Rs 10/- Face Value and at a premium of Rs 84.61 per share) to the President of India on preferential basis, by vitrue of which the Company received Rs 107 Crores as Capex from Government of India effective 23rd March 2023.
ITI Ltd
Directors Reports
ITI Ltd
Company Background
| Incorporation Year | 1950 |
| Registered Office | ITI Bhavan,Doorvaninagar
Bangalore,Karnataka-560016 |
| Telephone | 91-080-2561 7486,Managing Director |
| Fax | 91-080-2561 8586 |
Rajesh RaiRajesh Rai| Company Secretary | |
| Auditor | GRSM & Associates/B K Ramadhyani & Co LLP |
| Face Value | 10 |
| Market Lot | 1 |
| Listing | BSE,MSEI ,NSE, |
| Registrar | Integrated Enterprises (I) Ltd
No. 30 Ramana Resid.,4th Cross Sampige Rd,Malleswaram,Bangalore - 560003 |
ITI Ltd
Company Management
| Director Name | Director Designation | Year |
|---|
| Rajeev Srivastava | Director (Finance) & CFO | 2023 |
| Rakesh Chandra Tiwari | Director (Marketing) | 2023 |
| Raja Nayak | Independent Director | 2023 |
| Billeswar Sinha | Independent Director | 2023 |
| Mamta Palariya | Independent Director | 2023 |
| R Shakya | Nominee (Govt) | 2023 |
| Rajesh Rai | CMD & Director (Marketing) | 2023 |
| S Jeyanthi | Director (Production) | 2023 |
| Lt Gen M Unnikrishnan Nair | Nominee (Govt) | 2023 |
| Kanwar Vinod Kumar | Nominee (Govt) | 2023 |
ITI Ltd
Listing Information
| Listing Information |
|---|
| BSE_500 |
| BSE_PSU |
| CNX500 |
| BSESMALLCA |
| CNXSMALLCA |
| BSECPSE |
| BSEALLCAP |
| BSETELECOM |
| SML250 |
| MSL400 |
| NFTYMSC400 |
| NFTYSC250 |
| NF500M5025 |
| NFTYTOTMKT |
ITI Ltd
Finished Product
| Product Name | Unit | Installed
Capacity | Production
Quantity | Sales
Quantity | Sales
Value |
|---|
| Sale of Services | NA | 0 | 0 | 0 | 1877.8772 |
| IT Products | NA | 0 | 0 | 0 | 73.1696 |
| State Govt | NA | 0 | 0 | 0 | 42.3154 |
| HDPE Pipe | NA | 0 | 0 | 0 | 21.992 |
| Min PC Mfg / Tab PC | NA | 0 | 0 | 0 | 10.8732 |
| Smart Energy Meters | NA | 0 | 0 | 0 | 10.1489 |
| NFS | NA | 0 | 0 | 0 | 6.3738 |
| Electronic Switching Exchange | Rs. | 0 | 0 | 0 | 4.5843 |
| Others | NA | 0 | 0 | 0 | 3.4342 |
| Defence Equipments | Rs. | 0 | 0 | 0 | 3.2381 |
| Mobile Showroom | NA | 0 | 0 | 0 | 2.2371 |
| Solar Panel | NA | 0 | 0 | 0 | 2.1788 |
| Wifi Hotspot | NA | 0 | 0 | 0 | 0.2365 |
| G-Pon | NA | 0 | 0 | 0 | 0.1667 |
| Telephones | No | 0 | 0 | 0 | 0.0409 |
| MLLN | NA | 0 | 0 | 0 | 0.0019 |
| Sale of Products | NA | 0 | 0 | 0 | 0 |
| Excise Duty | NA | 0 | 0 | 0 | 0 |
| NGN | NA | 0 | 0 | 0 | 0 |
| NPR | NA | 0 | 0 | 0 | 0 |
| OFC | NA | 0 | 0 | 0 | 0 |
| Other Operating Revenue | NA | 0 | 0 | 0 | 0 |
| GSM-INFRA | KL | 0 | 0 | 0 | 0 |
| Gujnet | NA | 0 | 0 | 0 | 0 |
| Income from DLRC Project | NA | 0 | 0 | 0 | 0 |
| Service Tax | NA | 0 | 0 | 0 | 0 |
| Services | Rs. | 0 | 0 | 0 | 0 |
| APDRP | NA | 0 | 0 | 0 | 0 |
| ASCON | Rs. | 0 | 0 | 0 | 0 |
| BNG | NA | 0 | 0 | 0 | 0 |
| C-DOT Exchanges | KL | 0 | 0 | 0 | 0 |
| SWAN | NA | 0 | 0 | 0 | 0 |
| SMPS | Rs. | 0 | 0 | 0 | 0 |
| VRLA Batteries | MAH | 0 | 0 | 0 | 0 |
| Telephone Instruments | Rs. | 0 | 0 | 0 | 0 |
| Sale of Scrap | NA | 0 | 0 | 0 | 0 |
| Micro Electronic Equipments | Rs. | 0 | 0 | 0 | 0 |
| Adjustment | NA | 0 | 0 | 0 | 0 |
| Sales - Others | Rs. | 0 | 0 | 0 | 0 |
| OCB 283-LOCAL | KL | 0 | 0 | 0 | 0 |
| OCB-TAX/TANDEM | KC | 0 | 0 | 0 | 0 |
| GSM | Rs. | 0 | 0 | 0 | 0 |
| Optic Fibre SDH | No | 0 | 0 | 0 | 0 |
| Transmission Equipments | Rs. | 0 | 0 | 0 | 0 |
| Solar Panel Systems | No | 0 | 0 | 0 | 0 |
| Sim Cards | No | 0 | 0 | 0 | 0 |