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Shyam Telecom > Company History > Telecommunications - Equipment > Company History of Shyam Telecom - BSE: 517411, NSE: SHYAMTEL

Shyam Telecom

BSE: 517411|NSE: SHYAMTEL|ISIN: INE635A01023|SECTOR: Telecommunications - Equipment
Feb 10, 15:40
, 16:01
Company History - Shyam Telecom
 - The Company was incorporated on 3rd July and obtained the
 Certificate of Commencement of Business of 7th August.  The Company
 was promoted by Shyam Antenna Electronic Private Limited (SAEL) Rajiv
 Mehrotra, Ajay Khanna and S. S. Puri.
 - The Company had set up a project for the manufacture of Multi
 Access Rural Radio System and Channel Digital Microwave Radio System
 with an installed capacity of 600 Nos. 2/15 Shared Radio System, 4/48
 MARR System-50 Nos., 10 Channel UHF Digital System-100 Nos., 30
 Channel CDMR-100 Nos. at Udyog Vihar, Gurgaon, Haryana.
 - The Company offered 29,00,000 No. of equity shares of Rs 10 each
 for cash at par of which 7,00,000 shares were offered to NRI
 promoters, their relatives and associates, 2,00,000 shares to ICICI.
 69,600 shares to employees and 19,30,400 shares to public.
 - The Company proposed to manufacture Digital Multi Access Rural
 Radios, Digital Microwave Radios, Multiplexers (MUX), Optical Line
 Terminal Equipments (OLTEs), VSAT Terminals, Supervisory Control &
 Data Acquisition System (SCADA), Spread Spectrum Radios (SMARTLINK),
 and Wireless in Local Loop (WLL) in addition to existing line of
 - Products like SCADA and SMARTLINK designed by the company were
 being introduced for the first time in India and further the
 introduction of a wide range of products combined with its marketing
 strategy would enlarge customer profile to include private network
 - The Company entered into joint venture a agreement with
 Telecommunication Consultants India Ltd., Mobile, Wireless Co.
 Mauritius, PCM Mauritius Pvt. Ltd. and Telesystem Mauritius Pvt. 
 Ltd. and formed Hexacom India Ltd. for providing cellular services in
 Rajasthan and North East Telecom circles. 
 - Another joint venture company viz., Telelink Network (India) Ltd.
 was formed with Harris of USA and PTT Ghangdong of China to provide
 telephony services and was expecting to receive the letter of intent
 for Rajasthan telecom circle.
 -Company has signed a joint venture with the Essel Group of Zee TV
 fame to form Essel Shyam Communications Ltd (ESCL). The new company
 will offer a wide range of hybrid VSAT solutions in the country.
 -Crompton Greaves (Telecom Division) and Shyam Telecom have merged as
 the lowest bidders in a 2 000-line tender for the indigenously
 developed CorDECT Wireless Local Loop (WLL) system
 -signed the licence agreement with the department of
 telecommunications (DoT) for operation of basic telecom services in
 -  Asia Cellular Satellite (ACeS) mobile telecommunications unit had
 formed a joint venture to Market the service in India.
 -In 1987  the telecom sector was opened to private enterprise
 partially by letting a number of enterprises manufacture components
 and telephone exchanges of C-DoT design only.
 -In 1991  the entire area of manufacture was opened up and in 1994 
 under a new policy  the private sector was invited to share both in
 manufacture and operations.
 -Foreign Investment Promotion Board (FIPB)  rejected an application
 by US telecom vendor Qualcomm for a 26 per cent stake in Rajasthan
 basic services licensee Shyam Telelink
 -The registered office of the company has been shifted to 'A-60 
 Naraina Industrial Area  
 phase - I  New Delhi - 110 028.
 - Spanco Telesystems Solutions Ltd. has decided to merge itself with
 the New Delhi-Based Shyam Telecom Ltd.
 - Shyam Telecom Ltd. has successfully Commissioned DECT xs-a
 DECT-based WLL system with the basic service operator in Nigeria.
 - The wholly owned subsidiary, Shyam Telelink Limited has
 commercially launched its basic telephony services-giving a new voice
 to Rajasthan.
 -consolidates to woo foreign partner
 -Reliance, Bharti get infrastructure provider licence
 -Board approves a resolution for issuance of 25,00,000 preference
 shares at face value of Rs 10 each at an AGM held recently
 -set up a telecom access network based on indigenously-developed
 Wireless in Local Loop (WLL) technology called DECTxs in Madagascar.
 -lined up an ambitious blueprint for growth.
 -decided to consolidate its holdings in the various service ventures
 of the group through its 100 per cent subsidiary, Shyam International
 Ltd., which will acquire the holdings of the promoter group in these
 -The company has received letter from SBI Mutual Fund stating that it
 has acquired 17,21,428  equity shares of the company from the
 secondary market which exceeds 5% of the paid up equity capital
 - launched a company, CinShyam, which will provide software products
 and services.
 -Board approves transfer of the manufacturing business one of its
 subsidiary companies
 -Change in the Registered Office from New Delhi to Jaipur (Rajasthan)
 -Change of Name of the company 
 - Amendment in Memorandum & Articles of Association to increase the
 Authorised Capital of the company
 - Mr Rajiv Mehrotra has resigned from the Board as Managing Director
 but shall continue as Chairman & Director. Mr K N Mehrotra, Whole
 Time Director, Mr S S Puri and Mrs Shyama Mehrotra Directors have
 resigned from the Board of the Company. Mr Ashutosh Garg and Dr
 Jhunjhunwala have been appointed as Additional Directors
 -Receives purchase order for an amount of Rs.128 crs for the product
 Cor-Dect WLL from Bharat Sanchar Nigam Ltd
 -Mr Hemant Kumra, appointed as Additional Director w.e.f. March 26,
 - Mr Ravi Jaipuria appointed as a Director, w.e.f. December 20, 2002
 -Essel enters into an alliance with Shyam Telecom for second DTH
 -resolved to delist the equity shares of the Company from The Delhi
 Stock Exchange Association Ltd., The Calcutta Stock Exchange
 Association Ltd., The Saurashtra Kutch Stock Exchange Ltd. and the
 Stock Exchange, Ahmedabad.
 -Shyam Telecom Ltd holds 37.5% equity shares of Hexacom (India) Ltd
 -Shyam Tele picks up GSM licence in UK
 - Shyam Telecom Ltd has appointed Mr. Vinod Juneja as an Additional
 Independent Director on the Board of the Company.
 - Shyam Telecom Ltd has informed BSE that the Board of Directors of
 the Company at its meeting held on January 20, 2009, Mr. C S Malhotra
 has been appointed as an Additional Independent Director on the Board
 of the Company.
 -The Board of Directors of the Company has reappointed Mr. Rajiv
 Mehrotra as Chairman & Managing Director of the Company.
 -The Board of Directors of the Company has reappointed Mr. Ajay
 Khanna as Managing Director of the Company.
Source : Dion Global Solutions Limited
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