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About the company - Business Profile

Tejas Networks Ltd. is a global supplier of optical, broadband, and wireless networking products. As a subsidiary of the Tata Group, the company designs, develops, and manufactures end-to-end high-speed fixed and mobile network solutions, including 4G/5G Radio Access Network (RAN), fiber-to-the-home (GPON/XGS-PON), and optical transmission (DWDM/OTN). The company maintains a significant R&D focus, with over 65% of its workforce dedicated to research and engineering, supporting a portfolio of 613 global patents. Tejas Networks serves communication service providers, utilities, and government entities in over 75 countries, positioning itself as a key player in the "Design in India" and "Make in India" initiatives for telecommunications.

Key Points

Key Facts and Operations

• Founded: 2000
• Headquarters: Bengaluru, India
• Parent Company: Panatone Finvest Ltd. (a subsidiary of Tata Sons Pvt. Ltd.)
• Stock Listing: National Stock Exchange (NSE) and Bombay Stock Exchange (BSE)
• Asset Profile: Operates R&D and manufacturing facilities in India; utilizes a scalable, asset-light manufacturing model in collaboration with global Electronic Manufacturing Services (EMS) partners.
• Subsidiaries: Notable subsidiaries include Saankhya Labs, which adds expertise in satellite-IoT, 5G broadcast, and semiconductor chip design.

Business Model and Segment Performance Tejas Networks operates through a software-defined hardware platform model, allowing for product convergence and customer-specific adaptations. The business is categorized into Wireless and Wireline segments.

• Revenue Breakdown (FY25): Total Revenue from Operations reached ₹8,923 crore, a significant increase from ₹2,471 crore in FY24, primarily driven by the execution of large-scale projects like the BSNL 4G/5G pan-India network.
• Geographical Mix (FY25):
  • India Private: 94% (heavily weighted by BSNL project execution)
  • India Government: 3%
  • International: 3%
• Geographical Mix (H1 FY26): Transitioned to a more balanced mix with India Private at 57%, International at 20%, and India Government at 23% as large project billings normalized.

Technology and Strategic Initiatives

• Product Advancements:
  • Wireless: Deployment of 100,000+ sites for BSNL's 4G/5G network; launched 64TR Massive MIMO 5G radios and cloud-native converged 4G/5G core.
  • Wireline: Commercialized 76Tbps coherent DWDM systems with 1.2T per channel support; 51.2Tbps purpose-built platform for Data Center Interconnect.
  • Satellite-IoT: Deployment of a large Sat-IoT network following the Saankhya Labs acquisition.
• Partnerships: Signed a technology collaboration and first commercial contract with NEC Corporation for shipping 5G Massive MIMO radios to international customers. Ongoing Proof of Concepts (PoCs) with Rakuten Symphony for Open RAN solutions.
• Financial Indicators: The order book stood at ₹1,521 crore (as of Q4 FY26). The company received ₹397 crore in cumulative PLI (Production Linked Incentive) incentives for FY25.

Workforce and Strategic Outlook

• Employees: Approximately 2,424 employees as of FY25, representing a ~70% increase in headcount since FY23.
• Strategic Outlook: FY26 is characterized as a "year of consolidation" following the rapid ramp-up of the BSNL project. Management is focused on expanding the international wireless footprint in Europe, LATAM, and Africa, and participating in BharatNet Phase-III.
• Management Changes: Mr. Preetham Uthaiah was appointed as Chief Operating Officer (effective April 2026), and Mr. AVS Prasad was appointed as Chief Financial Officer (effective May 2026).

References

1. Annual Report Apr 2025
2. Investor Presentation Apr 2026
3. Investor Presentation Jan 2026
4. Investor Presentation Nov 2025
5. Annual Report Apr 2024