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ITI > Company History > Telecommunications - Equipment > Company History of ITI - BSE: 523610, NSE: ITI


BSE: 523610|NSE: ITI|ISIN: INE248A01017|SECTOR: Telecommunications - Equipment
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Company History - ITI
YEAR                       EVENTS
 1950 - The Company was Incorporated as a private limited company on
        January, at Bangalore.  The Company was the first public
        undertaking started in 1948 by the Government of India after
        independence.  The Company became a public limited company on
        23rd November, 1985.  The main objects is to design,
        and supply telecommunication equipment such as telephone
        instruments, electromechanical exchanges, transmission
        electronic exchanges and ground stations for satellite
      - The Company has its own R&D division to play its role in
        technology innovation, upgradation and adaptation.  Advanced
        facilities and infrastructure were established for research
        product development.
      - It was proposed to be met by floating bonds to the public,
        in the form of budgetary support from Government and internal
 1979 - 90,064 shares allotted without payment in cash.  Out of the
        shares issued, 31,250 shares were held by Karnataka
        and 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
        bonds of Rs 1000 each and 10,60,034-14% non-convertible bonds
        Rs 1000 each were issued for public subscription. 
        non-convertible bonds of Rs 100 each were privately placed
        with 10% interest rates (tax free) are redeemable after 10
        while the other bonds are redeemable after 7 years from the
        of allotment.
 1992 - The OCB 283/CSN project in technical collaboration with M/s.
        ALCATEL was taken up at Mankapur, Bangalore and Palakhad
      - The Company has a production capacity to manufacture exchange
        equipments based on C-DOT technology totally 750 KL at E.C.
        Rae Bareli and at Bangalore.
      - The Micro Electronics Division has the facilities to
        Think film, thick film, VLSI packaging, VLSI processing, ASK
        Testing and Mask Centre (E-Beam).
 1993 - The Company proposed to enter into a joint venture with NKT
        Denmark for optical fibre using Synchromous Digital Hierarchy
        (SDH) equipment with Korea Telecom and Korea Mobile Telecom
        Radio Paging Services.
 1994 - A joint venture Company called FIBCOM India Ltd. was set up
        M/s. NKT Electronik A/S. Denmark and M/s. Industrialization
        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 the employees of ITI.
 1995 - ITI designed and developed PABX Exchange (MPABX-1000) at
        plant, for provision upto 850 lines for operation.  One
        was installed at Dehradun and others were under installation.
      - The Army Static Switched Communication Network (ASCON) was
        designed, developed, manufactured and installed by the
      - New products inducted during the year are Digital Power Gain
        System (EK ANCH), 11 GHZ Digital Microwave Equipment, Display
        Telephone Instrument & HDSL.
      - The Company proposed to offer new products viz. Transmission
        subscriber end equipments, wireless loop, digital loom
        besides HDSL equipment.
      - ITI Equatorial Satcom Ltd. changed its name to M/s. India
 1996 - The Company entered into VSAT/MRTS Services.  Also OCB
        projects were being implemented in the three manufacturing
        of ITI viz. Palakhad, Bangalore and Mankapur.
      - The Company undertook to install three manufacturing plants
        Palakhad (1000 KLOCB 283), Bangalore (1500 KL CSN) and
        (500 KL CSN).
      - The 16 KL main exchange was installed at Indranagar and 14 KL
        installed at various location viz., whitefield Ulsoor, K.R.
        etc. of Bangalore.
      - New products such as ARMY VSAT, 8 Mb OLTE, Transportable
        Satellite Terminals were inducted and new technology for 6
        M/W equipment was introduced.  The Mankapur plant developed a
        New Power for recovery of core for rejected transformers.
      - The Company proposed to offer new products covering switching
        access products, transmission and subscribed end equipments.
        Some of the products to be introduced include wireless local
        loop, digital loop carrier besides fairgain and HDSL
      - ITI Equatorial Satcom Ltd. and Singapore Styled ITI
        Pvt Ltd. are joint ventures of the 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 (ITI), Bangalore plant, which
        has been going through a rough patch for some time, finally
        seems to be coming out of the 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
        access) technology for wireless communications, has entered
        into a strategic alliance with Indian Telephone Industries
      - ITI Limited has entered into a 76.24 joint venture with the
        US-based company Celcore.  ITI under this marketing joint
        venture will produce cellular equipment for niche market.
      - Celcore Inc of the US and ITI Ltd. have signed a joint
        agreement to market, sell and service global system for
        (GSM) cellular systems.
      - Indian Telephones Industries (ITI) Ltd. has entered the
        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 company to
        introduce such high-tech facility.
      - Indian Telephone Industries Ltd (ITI), a public sector unit,
        teaming up with Telecom Consultancy of India Ltd (TCIL) to
        undertake communication projects on turnkey basis and provide
        consultancy services to the railway, powerful oil sectors.
      - The public sector Indian Telephone Industries Ltd. (ITI) will
        utilise prime land in its possession to setup technology
      - Three public sector undertakings (PSUs) - Mahanagar Telephone
        Nigam Ltd (MTNL), Indian Telephone Industries (ITI) and
        Consultants India Ltd - are likely to join hands to form a
        joint venture company to directly compete with private
        operators in the field of basic and cellular services.
      - ITI proposes to set up two wholly owned subsidiaries for
        up exclusive operation of VSAT and MRTS.
      - The company was set to sign an agreement with a foreign firm
        a joint venture, on the lines of the Singapore Technology
 1998 - ITI Ltd, the country's largest telecom company has won IMM
        award for excellence as Marketing Company in the Organised
        Sector for the year 1998.  The award comprising of gold,
        trophy and a certificate of merit.
      - ITI Limited will soon introduce the automated system
        for payment of bills and for coin change machines.
      - Indian Telephone Industries (ITI) and its joint venture
        are set to bag a substantial portion of the Rs. 118-crore
        tender for synchronous digital hierarchy (SDH) equipment
        was opened recently by the Department of Telecommunications
      - ITI Ltd, has set up very large scale integration (VLSI)
        fabrication unit to manufacture highly critical integrated
        circuits (chips) 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 Ltd. has entered into a fresh agreement with Alcatel and
        renewed its tow decade old agreement to further strengthen
        technological co-operations.
      - The Indian telecom giant ITI Ltd, the first public sector unit
        be set up after Independence, has charted out a strategy to
        portray itself as a dynamic organisation concentrating more
        marketing activities along with a special focus on the export
      - ITI Ltd. is likely to be shortlisted for setting up the earth
        station at the proposed software technology park (STP) in
      - The Company signed an MoU with the DoT for its turnover of Rs
        2,000 crore for the year 2000-2001.
 2000 - The Company has commissioned the state-of-the-art V-SAT
              designed and produced by it for the army as a move
              modernising the communication network of the defense
            - Bangalore-based telecom major ITI has been awarded the
              Minister's MOU award for excellence for the year
            - Compaq India and ITI Ltd have signed an MoU to leverage
              others expertise to deliver soluions for businesses
 where there
              is an increasing convergence of telecom and IT.
            - Ms Lakshmi G Menon has taken over as the chairman and
 managing director
              of ITI, India's largest telecom equipment manufacturer.
 2001 - Mr Vijoy Kumar, Deputy Director General, has been appointed as
 part-time official 
             director of the company 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 the              Company has retired
 from the services of the Company on December 31, 2001.
 -Mr U D Paradkar retires from the services of the company as the
 -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 the
 -Mr S K Manocha appointed as the Chairman and MD of ITI Ltd.
 -Push button Phone of ITI receives Approved Inspection Scheme (AIS)
 -Comes out with Carrier class MPLS and MPLS-VPN (Multiprotocol Lable
 switching based virtual private network) solution to end customers.
 -Appoints Mr J K Verma as the Director on the Board.
 -Designs and Develops the first ever indigenious Web-enabled Smart
 Connect  Call Centre.
 -Forays into the International Long Distance segment.
 -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 and MD of the
 -Unveils India's first Security Software Product E-Seal (Electronic
 Secure Encryption authentication Lock).
 -Shri Y K Pandey assumes charge as the CMD  of the company from May
 -MTNL,BSNL , ITI Ltd and 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 and Tellabs receives
 the award for Excellence in Professional Electronics for 2001-2002
 from Ministry of Communication and Information Technology.
 -Emerges as the top telecom turnkey services company in the country.
 -Board approves for the issue of L series of bonds of Rs.940 million
 on private placement basis with government of India Guarantee.
 -ITI Ltd. declared itself sick under the provisions of Sick
 Industrial Companies (Special Provisions) Act, 1985, following the
 erosion of more than 50% of its networth.
 -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 (DSL) deployment in the Indian market
 - Indian Telephone Industries ties up with France based Alcatel for
 supply and installation of Bharat Sanchar Nigam's (BSNL) 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 (SDH)
 -Registered Office of the Company has been shifted from 45/1, Magrath
 Road, Bangalore - 560025  To ITI Bhavan, Doorvaninagar, Bangalore -
 -ITI Ltd - Wins Top Telecom Turnkey Company Award
 -ITI Ltd has appointed Shri Ravi Agarwal, GM-GSM, of the Company as
 Director-Production on the Board of the Company with effect from
 October 31, 2006.
 -Iti Ltd. has informed that Shri K. T. Mayuranathan, has assumed
 charge to the post of Company Secretary of the Company with effect
 from November 20, 2006, in place of Shri K. Ramaswamy, Company
 Secretary, who had earlier resigned.
 -ITI Ltd has informed that Shri. Y K Pandey, Chairman & Managing
 Director of the Company on Earned Leave from November 01, 2006 to
 January 31, 2007 (both days inclusive). Shri. Pritam Singh,
 Director-Marketing, has been appointed as In-Charge Chairman and
 Managing Director, as conveyed vide DOT letter dated November 03,
 -ITI Ltd. has informed that Shri R. Bandyopadhyay, Addl Secretary
 (T), Department of Telecommunication, New Delhi and Shri P.K. Tiwari,
 Director (R&P), 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 and Shri N. P.
 Singh, DDG (IP) , DoT respectively.
 -ITI Ltd has informed that in pursuance of DoT letter dated August
 23, 2007, Shri. S K Chatterjee, Director-HR, of the Company has
 assumed the charge as Chairman & Managing Director (CMD) on the Board
 of the Company w.e.f. August 24, 2007 (Forenoon).
 -ITI Ltd has informed that Shri. B P Gupta has been appointed as
 Director-Finance of the Company by the Government of India vide
 Ministry of Communications and IT letter dated December 31, 2007.
 -ITI Ltd. has informed that Shri K.K. Khurana has been appointed as
 Director-HR of ITI Limited by the Government of India vide Ministry
 of Communications and 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 the Company u/s 16(4) of the Sick Industrial Companies
 (Special Provisions) Act, 1985.
 - ITI notches-up highest turn over in seven years.
 - K. L. Dhingra has been appointed as Chairman and Managing
 - Shri Ravi Khandelwal has been appointed as Director-Finance of ITI
 - Shri. N K Srivastava, Sr. DDG (TEC). Department of
 Telecommunications as Government Director on the Board of the
 - Lt. Gen S. P. Kochhar, AVSM, SM, VSM, Signal Officer in-charge,
 Ministry of Defence and Shri N. K. Joshi, DDG (SU), Department of
 Telecommunication, New Delhi have been appointed as Government
 Directors on the Board of ITI Limited.
 -ITI Bags National Safety Awards from Ministry of Labour &
 -ITI signs MoU with TSSC for special focus on Skill Development in
 the Telecom Industry.
 -ITI signs MoU with Department of Telecommunications.
 -ITI bags largest Non-RQ order for NFS.
 -An MoU was signed between M/s. ITI and M/s. HAL for exploring
 mutually beneficial business opportunities in the manufacturing and
 service domains. 
 -ITI Limited celebrated Vigilance Awareness Week
 -ITI Limited gets Certificate of Excellence Award
 -ITI signed MoU with HAL.
 -ITI bags Rs 7000 cr defence project
Source : Dion Global Solutions Limited
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