HFCL Limited is an Indian technology company which designs, develops, manufactures telecommunications equipment, fibre-optic cables and other related electronics.[5][6]
The company is based in Gurugram and listed on both the Bombay Stock Exchange (BSE)[7] and the National Stock Exchange (NSE).[8] It serves various industries, such as telecommunications, security and railways, textiles, Cable fibre.[9]
History
In 1987, Himachal Futuristic Communications Limited was co-founded by Mahendra Nahata, Deepak Malhotra and Vinay Maloo. In May 1987, the company was incorporated as public limited company in the state of Himachal Pradesh.[10]
The company set up manufacturing facilities in India for optical fibre cables, optical transport, power electronics and broadband equipment, and provided turnkey solutions to the Government of India's undertakings and private sector players across the world.. It has ties with C-DOT, C-DOT has agreed to transfer its technology to HFCL.[11]
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.[12]
In 2000, Australian businessman Kerry Packer known for his contribution to the sport of cricket, invested in the company and took 10% stake.[13]
CPH and HFCL set up two joint venture firms, one for software products and services and other for B2B e-commerce.[13][14]
In 2018, HFCL launched its optical fibre manufacturing unit in Hyderabad.[15][16]
Operations
HFCL has its headquarters in Gurugram and 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.[17]
Subsidiaries
- HFCL Advance Systems
- Moneta Finance Ltd
- HTL Limited
- DragonWave HFCL Ltd.
- Microwave Communications
- Polixel Security Systems
See also
- Telecommunications in India
- Fibre-optic communication
References
- HFCL Management Information - Details of HFCL Management - The Economic Times economictimes.indiatimes.com^
- Annual report www.hfcl.com, 2020, retrieved 2021-04-15^
- HFCL Q4 net profit rises 15.5% to Rs 79 crore Economic Times, retrieved 2023-05-06^
- D&B Business Directory www.dnb.com, retrieved 2021-06-24^
- Here's What We Like About HFCL's (NSE:HFCL) Upcoming Dividend simplywall.st, 16 September 2021^
- HFCL Management Information - Details of HFCL Management The Economic Times^
- Stock Share Price www.bseindia.com^
- HFCL Limited NSE India^
- Check out HFCL Ltd's stock price (HFCL-IN) in real time CNBC, 29 January 2012^
- HFCL History | HFCL Information - The Economic Times economictimes.indiatimes.com^
- State-run telecom R&D firm C-DOT hopeful for telco business - ET Telecom^
- Pranjal Sharma. HFCL's over-confidence queers pitch for other private operators, puts telecom Ministry in spot India Today, 30 September 1995^
- Partha Ghosh. Kerry Packer co acquires 10 pc stake in HFCL -- Two new ventures set up @businessline, 7 March 2000^
- HFCL starts commercial production of optical fiber cables in Hyderabad facility The Economic Times^
- HFCL Launches Optical Fiber Manufacturing Facility in Hyderabad it.telangana.gov.in, 13 March 2018^
- HFCL shares zoom 100% in one month. More gains ahead? mint, 6 July 2021^
- Rashtra News. HFCL Accelerates International Business, further Strengthens its Leadership Team with Three New Leaders rashtranews.com, 2022-01-07, retrieved 2022-02-28^