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
-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
-Board approves transfer of the manufacturing business one of its
-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.