HFCL
FormerlyHimachal Futuristic Communications Limited
Company typePublic
NSE: HFCL
BSE: 500183
IndustryTelecommunications
Founded1987
HeadquartersGurugram, Haryana, India
Key people
Mahendra Pratap Shukla (Chairman)
Mahendra Nahata (MD)[1]
ProductsTelecommunications equipment
Fiber-optic cable
Electronic Parts[2]
RevenueIncrease ₹4,743 crore (US$590 million)[3] (2023)
Number of employees
1,719 [4]
SubsidiariesHTL Limited [5]
EXICOM
Websitehfcl.com

HFCL Limited is an Indian technology company, based in Gurugram. It designs, develops, manufactures telecommunications equipment, fibre-optic cables and other related electronics.[6][7]

The company is listed on both the Bombay Stock Exchange (BSE)[8] and on the National Stock Exchange (NSE).[9] It serves various industries, such as telecommunications, security and railways, textiles, Cable fibre.[10]

History

In 1987, Himachal Futuristic Communications Limited was co-founded by Mahendra Nahata, Dr.Deepak Malhotra and Vinay Maloo and was one of the first private sector telecom companies in India. In May 1987, the company was incorporated as public limited company in the state of Himachal Pradesh.[11]

The company set up manufacturing facilities in India for optical fibre cables, optical transport, power electronics and broadband equipment for global supply, and provided turnkey solutions to the Government of India's undertakings and private sector players across the world.[citation needed]. It has ties with C-DOT, C-DOT has agreed to transfer it's technology to HFCL.[12]

Ever since its inception, the company has entered various streams of hardware integration in telecommunications.[citation needed]

In 1995, company's ₹85,000 crore ($25 billion) bid for basic services license in India created the momentum for telecom industry in the country.[13]

In 2000, Australian businessman Kerry Packer known for his contribution to the sport of cricket, invested in the company and took 10% stake.[14]

CPH and HFCL set up two joint venture firms, one for software products and services and other for B2B e-commerce.[14]

HFCL together with its subsidiary HTL Limited, is one of the largest manufacturers of FTTH cables in India with a capacity of 6 lakh kms per annum.[5]

With the new FTTH plant, HFCL has become the largest optical fibre manufacturer in the country.[15]

In 2018, HFCL launched its optical fibre manufacturing unit in Hyderabad.[16] The company is one of the largest telecom project service providers for Reliance Jio and is currently engaged in the rolling out of 4G optical fibre cables (OFC) network services across Northern India.[17]

Geographical Presence

HFCL provides services across India with its headquarters in Gurugram and Delhi. It has countrywide offices that includes production plants in Solan (Himachal Pradesh), Chennai (Tamil Nadu) and Goa. The company's regional offices are located in Indian states of Punjab, Rajasthan, Uttar Pradesh, West Bengal, Orissa, Madhya Pradesh, Maharashtra, Andhra Pradesh, Bihar, Kerala, Jharkhand and Uttarakhand.[18]

Subsidiaries

See also

References

  1. ^ "HFCL Management Information - Details of HFCL Management - The Economic Times". economictimes.indiatimes.com.
  2. ^ "Annual report" (PDF). www.hfcl.com. 2020. Retrieved 15 April 2021.
  3. ^ "HFCL Q4 net profit rises 15.5% to Rs 79 crore". Economic Times. Retrieved 6 May 2023.
  4. ^ "D&B Business Directory". www.dnb.com. Retrieved 24 June 2021.
  5. ^ a b "HFCL starts commercial production of optical fiber cables in Hyderabad facility". The Economic Times.
  6. ^ "Here's What We Like About HFCL's (NSE:HFCL) Upcoming Dividend". simplywall.st.
  7. ^ "HFCL Management Information - Details of HFCL Management". The Economic Times.
  8. ^ "Stock Share Price | Get Quote | BSE". www.bseindia.com.
  9. ^ "HFCL Limited". NSE India.
  10. ^ "Check out HFCL Ltd's stock price (HFCL-IN) in real time". CNBC.
  11. ^ "HFCL History | HFCL Information - The Economic Times". economictimes.indiatimes.com.
  12. ^ https://telecom.economictimes.indiatimes.com/news/state-run-telecom-rd-firm-c-dot-hopeful-for-telco-business/51939882
  13. ^ Sharma, Pranjal. "HFCL's over-confidence queers pitch for other private operators, puts telecom Ministry in spot". India Today.
  14. ^ a b Ghosh, Partha (7 March 2000). "Kerry Packer co acquires 10 pc stake in HFCL -- Two new ventures set up". @businessline.
  15. ^ "HFCL becomes the largest manufacturer of FTTH cables in India". TelecomLead. 17 December 2020. Retrieved 24 June 2021.
  16. ^ "HFCL Launches Optical Fiber Manufacturing Facility in Hyderabad | Information Technology, Electronics & Communications Department, Government of Telangana, India". it.telangana.gov.in. 13 March 2018.
  17. ^ "HFCL shares zoom 100% in one month. More gains ahead?". mint. 6 July 2021.
  18. ^ News, Rashtra (7 January 2022). "HFCL Accelerates International Business, further Strengthens its Leadership Team with Three New Leaders". rashtranews.com. Retrieved 28 February 2022. ((cite web)): |last= has generic name (help)
Categories