Tejas Networks [BSE: 540595, NSE: TEJASNET] today announced that TJ1400, the company’s latest ultra-converged broadband access/edge product family, has been shortlisted for the prestigious Leading Lights Award 2019 in the category “Most Innovative Telecoms Product (Optical/IP/Carrier Ethernet/FTTH)”. Leading Lights is an international award program organized annually by Light Reading (an Informa business) that honours a company that has developed a potentially market-leading Optical/IP/Ethernet product.
The TJ1400 ultra-converged broadband access/edge products were commercially launched at the Mobile World Congress (MWC), Barcelona earlier this year. Based on a novel software-defined hardware™ architecture powered by the company’s rich portfolio of 270+ FPGA IPs, TJ1400 implements multiple access technologies such as fixed wireless (LTE eNodeB upgradable to 5G), fiber broadband (GPON/NG-PON) and Ethernet, on one product. TJ1400 achieves an unprecedented level of access and transport convergence in a compact form factor by integrating diverse packet transport technologies (MPLS-TP, OTN, IP, CE2.0) in the same modular shelf.
Dr. Kumar Sivarajan, Chief Technology Officer of Tejas Networks said, “The selection of Tejas as a finalist for the Leading Lights award is a powerful endorsement of our ability to build sophisticated, industry-leading products. TJ1400 is the world’s first broadband access/edge product family that gives service providers the flexibility to quickly rollout broadband services on any media viz., wireless (WTTx), passive optical fiber (FTTx), or active Ethernet, based on their preferences and available infrastructure, using the same platform.”
TJ1400 is a cutting-edge broadband product family that incorporates the latest advances in optical as well as wireless innovation and is based on Tejas carrier-grade and field-proven software and hardware technologies. TJ1400 has been selected in several broadband access networks including Government of India’s BharatNet project, which is one of the world’s largest green-field rural broadband rollouts extending high-speed Internet services to over 200 million people.
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We are delighted to be shortlisted for one of telecom industry’s most respected innovation awards. TJ1400 significantly lowers the cost of telecom network build-outs and delivers residential broadband, enterprise services and mobile backhaul services from the same shelf.”
The winners will be announced at the Leading Lights Awards dinner and ceremony on Monday, May 6, at the Pinnacle Club, Grand Hyatt Denver, USA.
The TJ1400 ultra-converged broadband access/edge products were commercially launched at the Mobile World Congress (MWC), Barcelona earlier this year. Based on a novel software-defined hardware™ architecture powered by the company’s rich portfolio of 270+ FPGA IPs, TJ1400 implements multiple access technologies such as fixed wireless (LTE eNodeB upgradable to 5G), fiber broadband (GPON/NG-PON) and Ethernet, on one product. TJ1400 achieves an unprecedented level of access and transport convergence in a compact form factor by integrating diverse packet transport technologies (MPLS-TP, OTN, IP, CE2.0) in the same modular shelf.
Dr. Kumar Sivarajan, Chief Technology Officer of Tejas Networks said, “The selection of Tejas as a finalist for the Leading Lights award is a powerful endorsement of our ability to build sophisticated, industry-leading products. TJ1400 is the world’s first broadband access/edge product family that gives service providers the flexibility to quickly rollout broadband services on any media viz., wireless (WTTx), passive optical fiber (FTTx), or active Ethernet, based on their preferences and available infrastructure, using the same platform.”
TJ1400 is a cutting-edge broadband product family that incorporates the latest advances in optical as well as wireless innovation and is based on Tejas carrier-grade and field-proven software and hardware technologies. TJ1400 has been selected in several broadband access networks including Government of India’s BharatNet project, which is one of the world’s largest green-field rural broadband rollouts extending high-speed Internet services to over 200 million people.
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We are delighted to be shortlisted for one of telecom industry’s most respected innovation awards. TJ1400 significantly lowers the cost of telecom network build-outs and delivers residential broadband, enterprise services and mobile backhaul services from the same shelf.”
The winners will be announced at the Leading Lights Awards dinner and ceremony on Monday, May 6, at the Pinnacle Club, Grand Hyatt Denver, USA.
Tejas Networks [BSE: 540595, NSE: TEJASNET] today reported its financial results for the fourth quarter and year ended March 31, 2019. Tejas Networks designs, develops, manufactures and sells high-performance optical and data networking products, which are used to build high-speed communication networks over optical fiber.
For the year ended Mar 31, 2019, our revenues (net of taxes and pass-through component sale) were ₹ 876.7 crore, which was a year-on-year increase of 18.5%. Our operating profit was ₹ 130.3 crore, year-on-year increase of 42.3%. Our profit before tax grew by 41.5% to ₹ 150 crore and profit after tax grew by 38.2% on year-on-year basis.
For the quarter ended Mar 31, 2019, our consolidated revenues (net of taxes and pass-through component sale) was ₹ 265.8 crore, QoQ increase of 50.9%. Our operating profit was ₹ 35.3 crore and our profit before tax was ₹ 37.1 crore, QoQ growth of 48.9%
Mr. Sanjay Nayak, Managing Director and CEO said, “We had a strong revenue growth on year-on-year basis, while continuing to expand our profitability. Our international sales investments are yielding positive results and we saw a 70% year-on-year increase in our international-direct revenues. Our non-Government revenues grew by 33%, indicating a reduced dependency on India-Government business, which is inherently lumpy in nature. We believe that the growth drivers of our business continue to be strong, although we will see quarterly volatility. Our focus is to invest and grow our international business which we expect to be around 50% of our total revenues in the medium term. We are pleased to inform that our Board has recommended a maiden dividend (final) of ₹ 1/- per share to our shareholders.”
Mr. Venkatesh Gadiyar, CFO said, “On year-on-year basis, we have improved our operating profit by over 240 bps on account of higher gross margins and operating leverage. During the year, our DSO increased by 101 days, primarily due to delays in payment from a Public Sector operator in India. We believe there is no collection risk since the dues pertain to Government’s BharatNet project, for which specific funds have been set aside from the Universal Services Obligations (USO) fund. During Q4 we have partially collected the amount and expect to collect the overdue amount and normalize our working capital cycle in the near future. We are practically a debt free Company and as of March 31, 2019 our cash and cash equivalents (including investment in mutual funds) were about ₹ 369.7 crore.”
During the quarter, we were granted 6 patents bringing our cumulative grant to 106 patents. As on date, we have filed for 349 patents.
For the year ended Mar 31, 2019, our revenues (net of taxes and pass-through component sale) were ₹ 876.7 crore, which was a year-on-year increase of 18.5%. Our operating profit was ₹ 130.3 crore, year-on-year increase of 42.3%. Our profit before tax grew by 41.5% to ₹ 150 crore and profit after tax grew by 38.2% on year-on-year basis.
For the quarter ended Mar 31, 2019, our consolidated revenues (net of taxes and pass-through component sale) was ₹ 265.8 crore, QoQ increase of 50.9%. Our operating profit was ₹ 35.3 crore and our profit before tax was ₹ 37.1 crore, QoQ growth of 48.9%
Mr. Sanjay Nayak, Managing Director and CEO said, “We had a strong revenue growth on year-on-year basis, while continuing to expand our profitability. Our international sales investments are yielding positive results and we saw a 70% year-on-year increase in our international-direct revenues. Our non-Government revenues grew by 33%, indicating a reduced dependency on India-Government business, which is inherently lumpy in nature. We believe that the growth drivers of our business continue to be strong, although we will see quarterly volatility. Our focus is to invest and grow our international business which we expect to be around 50% of our total revenues in the medium term. We are pleased to inform that our Board has recommended a maiden dividend (final) of ₹ 1/- per share to our shareholders.”
Mr. Venkatesh Gadiyar, CFO said, “On year-on-year basis, we have improved our operating profit by over 240 bps on account of higher gross margins and operating leverage. During the year, our DSO increased by 101 days, primarily due to delays in payment from a Public Sector operator in India. We believe there is no collection risk since the dues pertain to Government’s BharatNet project, for which specific funds have been set aside from the Universal Services Obligations (USO) fund. During Q4 we have partially collected the amount and expect to collect the overdue amount and normalize our working capital cycle in the near future. We are practically a debt free Company and as of March 31, 2019 our cash and cash equivalents (including investment in mutual funds) were about ₹ 369.7 crore.”
During the quarter, we were granted 6 patents bringing our cumulative grant to 106 patents. As on date, we have filed for 349 patents.
Tejas Networks [BSE: 540595, NSE: TEJASNET] today announced it has appointed Mr. C.B Bhave as an Independent Director and Mr. Arnob Roy as an Executive. Director who will assume the role of Chief Operating Officer (COO), with effect from March 25, 2019, based on the recommendations of the Nominations and Remunerations Committee. With these additions, the Board now has three Independent Directors out of a total of six Directors.
Mr. C.B Bhave served as the Chairman of Securities and Exchange Board of India (SEBI), India’s capital market regulator, from 2008 to 2011, prior to which he was the Chairman and Managing Director of National Securities Depositories Limited (NSDL) from its inception in 1996 till 2008. Mr. Bhave, a 1975 batch Indian Administrative Services (IAS) officer, worked with the Central and State Governments in various capacities and roles and has won several awards from the Government of Maharashtra for his outstanding work in the area of family welfare and excellence in administration.
On his appointment, Mr. Bhave said, “While India has seen many successes in ICT services sector there is a need as well as an opportunity for us to build deep-technology, global product companies from India. Tejas Networks has built world-class telecom and data networking products and they have all the ingredients to become a strong global player. It is my pleasure to be a part of Tejas Networks Board and I look forward to contributing to the team’s vision”.
Mr. Arnob Roy, who has been with the company since inception and served as President Optical Products, has now been designated as the Chief Operating Officer of the company. Mr. Roy has over 30 years of high-technology industry experience in research & development, operations and sales. He holds a Master of Science Degree from the University of Nebraska, Lincoln (USA) and a Bachelor of Technology from the Indian Institute of Technology, Kharagpur.
Mr. V. Balakrishnan, Chairman of the Board of Directors of Tejas Networks said, “I am delighted to welcome Mr. C.B Bhave to our Board. We will immensely benefit from his intellect, insights and rich experience in business and corporate governance. I am also delighted to welcome Mr. Arnob Roy to our Board. Arnob has made significant contributions to the company since inception and we look forward to leveraging his operational experience and track record in steering Tejas forward. I believe that with these additions to the Board, Tejas is well positioned to become a strong global telecom and networking products company”.
Mr. C.B Bhave served as the Chairman of Securities and Exchange Board of India (SEBI), India’s capital market regulator, from 2008 to 2011, prior to which he was the Chairman and Managing Director of National Securities Depositories Limited (NSDL) from its inception in 1996 till 2008. Mr. Bhave, a 1975 batch Indian Administrative Services (IAS) officer, worked with the Central and State Governments in various capacities and roles and has won several awards from the Government of Maharashtra for his outstanding work in the area of family welfare and excellence in administration.
On his appointment, Mr. Bhave said, “While India has seen many successes in ICT services sector there is a need as well as an opportunity for us to build deep-technology, global product companies from India. Tejas Networks has built world-class telecom and data networking products and they have all the ingredients to become a strong global player. It is my pleasure to be a part of Tejas Networks Board and I look forward to contributing to the team’s vision”.
Mr. Arnob Roy, who has been with the company since inception and served as President Optical Products, has now been designated as the Chief Operating Officer of the company. Mr. Roy has over 30 years of high-technology industry experience in research & development, operations and sales. He holds a Master of Science Degree from the University of Nebraska, Lincoln (USA) and a Bachelor of Technology from the Indian Institute of Technology, Kharagpur.
Mr. V. Balakrishnan, Chairman of the Board of Directors of Tejas Networks said, “I am delighted to welcome Mr. C.B Bhave to our Board. We will immensely benefit from his intellect, insights and rich experience in business and corporate governance. I am also delighted to welcome Mr. Arnob Roy to our Board. Arnob has made significant contributions to the company since inception and we look forward to leveraging his operational experience and track record in steering Tejas forward. I believe that with these additions to the Board, Tejas is well positioned to become a strong global telecom and networking products company”.
Tejas Networks [BSE: 540595, NSE:TEJASNET] today announced the launch of its innovative, ultra-converged broadband access/edge product family which delivers wireline as well as wireless broadband services from a single integrated platform. The new broadband product family was unveiled by Mr. Anshu Prakash, Additional Secretary, Department of Telecom, Government of India at the Mobile World Congress (MWC), Barcelona.
The TJ1400 ultra-converged broadband product family provides an unmatched integration of multiple broadband access technologies: gigabit fiber broadband (GPON/NG-PON), fixed wireless broadband (4G/LTE eNodeB upgradable to 5G) and GE/10GE/100GE Business Ethernet services (CE2.0 certified) in highly compact, modular and energy-efficient platforms. In addition, the TJ1400 family also converges advanced packet transport technologies including OTN, PTN/MPLS-TP, Carrier Ethernet and IP to serve as a unified delivery platform for mobile backhaul, wholesale, enterprise and residential broadband services.
Speaking on the occasion, Mr. Anshu Prakash said, “We are proud that Tejas Networks has conceptualized, designed and developed the world’s most versatile and disruptive broadband product family through their R&D and technology innovation. Today’s launch of ultra-converged broadband platform by Tejas Networks is a great example of how R&D-driven Indian telecom equipment companies can create products that are best-in-class in technology, quality and cost-competitiveness, thereby being relevant for both developing as well as developed markets. This contribution of Tejas Networks is very significant in the context of India’s stated objective to become a global telecom equipment hub, especially in the new 5G world.”
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We are delighted to announce the launch of our state-of-the-art TJ1400 product family that provides the highest flexibility to any operator wanting to quickly and cost-effectively roll out broadband services on fibre as well as wireless. TJ1400 efficiently packs an unrivalled mix of broadband access and packet transmission features in the smallest possible footprint, thereby significantly lowering the cost of rolling out high-speed broadband networks in terms of both capex and opex.”
Mr. Arnob Roy, President–Optical Products of Tejas Networks said, “TJ1400 is a cutting-edge broadband product family that incorporates the latest advances in optical as well as wireless innovation. It delivers residential broadband, enterprise services and optical backhaul, together with broadband wireless capability, in one ultra-converged platform. Tejas is a pioneer in the use of programmable silicon to create innovative software-defined hardware™ products, that can be field-upgraded with new features, protocols and standards in a flexible, timely and pay-as-you-grow manner. We have invested significant resources in in-house R&D and IPR generation to create a powerful array of hardware building blocks and carrier-class software modules that enable rapid commercialization of new products.”
The TJ1400 ultra-converged broadband access/edge products are based on Tejas Networks’s carrier-grade and field-proven software and hardware technologies that have been successfully deployed in large global telecom networks around the world. Tejas’s GPON solution has been deployed in the world’s largest greenfield rural broadband rollout delivering high-speed Internet services to over 200 million people. Over 35,000 TJ1400 systems are powering optical and packet networks globally and are backhauling mobile data and voice traffic for several hundred million subscribers and delivering terabits of bandwidth to wholesale and enterprise customers.
The TJ1400 ultra-converged broadband product family provides an unmatched integration of multiple broadband access technologies: gigabit fiber broadband (GPON/NG-PON), fixed wireless broadband (4G/LTE eNodeB upgradable to 5G) and GE/10GE/100GE Business Ethernet services (CE2.0 certified) in highly compact, modular and energy-efficient platforms. In addition, the TJ1400 family also converges advanced packet transport technologies including OTN, PTN/MPLS-TP, Carrier Ethernet and IP to serve as a unified delivery platform for mobile backhaul, wholesale, enterprise and residential broadband services.
Speaking on the occasion, Mr. Anshu Prakash said, “We are proud that Tejas Networks has conceptualized, designed and developed the world’s most versatile and disruptive broadband product family through their R&D and technology innovation. Today’s launch of ultra-converged broadband platform by Tejas Networks is a great example of how R&D-driven Indian telecom equipment companies can create products that are best-in-class in technology, quality and cost-competitiveness, thereby being relevant for both developing as well as developed markets. This contribution of Tejas Networks is very significant in the context of India’s stated objective to become a global telecom equipment hub, especially in the new 5G world.”
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We are delighted to announce the launch of our state-of-the-art TJ1400 product family that provides the highest flexibility to any operator wanting to quickly and cost-effectively roll out broadband services on fibre as well as wireless. TJ1400 efficiently packs an unrivalled mix of broadband access and packet transmission features in the smallest possible footprint, thereby significantly lowering the cost of rolling out high-speed broadband networks in terms of both capex and opex.”
Mr. Arnob Roy, President–Optical Products of Tejas Networks said, “TJ1400 is a cutting-edge broadband product family that incorporates the latest advances in optical as well as wireless innovation. It delivers residential broadband, enterprise services and optical backhaul, together with broadband wireless capability, in one ultra-converged platform. Tejas is a pioneer in the use of programmable silicon to create innovative software-defined hardware™ products, that can be field-upgraded with new features, protocols and standards in a flexible, timely and pay-as-you-grow manner. We have invested significant resources in in-house R&D and IPR generation to create a powerful array of hardware building blocks and carrier-class software modules that enable rapid commercialization of new products.”
The TJ1400 ultra-converged broadband access/edge products are based on Tejas Networks’s carrier-grade and field-proven software and hardware technologies that have been successfully deployed in large global telecom networks around the world. Tejas’s GPON solution has been deployed in the world’s largest greenfield rural broadband rollout delivering high-speed Internet services to over 200 million people. Over 35,000 TJ1400 systems are powering optical and packet networks globally and are backhauling mobile data and voice traffic for several hundred million subscribers and delivering terabits of bandwidth to wholesale and enterprise customers.
Tejas Networks [BSE: 540595, NSE: TEJASNET] today announced that it has signed a Memorandum of Understanding with Government of Kerala as its first telecom knowledge partner and is establishing a Center of Excellence (CoE) for next-generation telecom technologies in the state. The CoE, which is being set up in the new Integrated Startup Complex in Kochi, was inaugurated in the presence of Honorable Chief Minister of Kerala, Shri Pinarayi Vijayan, Smt. K.K. Shylaja Teacher, Hon. Minister for Social Justice and Health, Government of Kerala, Shri. M. Sivasankar IAS, IT Secretary, Government of Kerala by Shri Madhavan Nambiar IAS (Retd.), Chairman IIITM-K. Several senior dignitaries of Government of Kerala also graced the occasion.
Tejas CoE will focus on training, skills development and mentoring of college students, young entrepreneurs and high-potential electronics startups in the state. Senior technologists from Tejas will work closely with the faculty of leading engineering institutions in the state to develop a futuristic, industry-oriented telecommunication training and certification program. As part of the partnership, Tejas Networks also proposes to set up an advanced networking testbed for cutting-edge technologies such as terabit-scale optical communications, gigabit-scale broadband access, 5G and software-defined networking.
Speaking on the occasion, Shri M. Sivasankar, Secretary IT, Government of Kerala said, “We welcome Tejas Networks to Kerala, India’s first digital state with the highest e-literacy rate in the country. As India’s most successful deep technology product startup, Tejas is uniquely qualified to mentor high-technology entrepreneurs and startups in Kerala and help jumpstart the electronics industry in the state. Tejas Networks is a great example of the fact that it is indeed possible to design and manufacture innovative, high-quality world-class products from India and I was truly impressed to see the wide range of complex electronics products that the company has developed and displayed at the CoE today.”
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We are honoured to be associated as a telecom knowledge partner for Kerala, which has gained its well-deserved reputation as a leader in the ICT sector through its forward looking policies and digital initiatives. As a home-grown high-technology company, over the last two decades, we have been investing significant resources in indigenous R&D and have generated valuable IPR within the country. Kerala has emerged as a thriving ecosystem of talented entrepreneurs, startups and academic institutions and we are happy to share our first-hand experience, capabilities and expertise in the telecom arena to help nurture the local ICT industry in Kerala.”
Tejas CoE will focus on training, skills development and mentoring of college students, young entrepreneurs and high-potential electronics startups in the state. Senior technologists from Tejas will work closely with the faculty of leading engineering institutions in the state to develop a futuristic, industry-oriented telecommunication training and certification program. As part of the partnership, Tejas Networks also proposes to set up an advanced networking testbed for cutting-edge technologies such as terabit-scale optical communications, gigabit-scale broadband access, 5G and software-defined networking.
Speaking on the occasion, Shri M. Sivasankar, Secretary IT, Government of Kerala said, “We welcome Tejas Networks to Kerala, India’s first digital state with the highest e-literacy rate in the country. As India’s most successful deep technology product startup, Tejas is uniquely qualified to mentor high-technology entrepreneurs and startups in Kerala and help jumpstart the electronics industry in the state. Tejas Networks is a great example of the fact that it is indeed possible to design and manufacture innovative, high-quality world-class products from India and I was truly impressed to see the wide range of complex electronics products that the company has developed and displayed at the CoE today.”
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We are honoured to be associated as a telecom knowledge partner for Kerala, which has gained its well-deserved reputation as a leader in the ICT sector through its forward looking policies and digital initiatives. As a home-grown high-technology company, over the last two decades, we have been investing significant resources in indigenous R&D and have generated valuable IPR within the country. Kerala has emerged as a thriving ecosystem of talented entrepreneurs, startups and academic institutions and we are happy to share our first-hand experience, capabilities and expertise in the telecom arena to help nurture the local ICT industry in Kerala.”
Tejas Networks [BSE: 540595, NSE: TEJASNET] today announced that it has received a purchase order of Rs. 111 Cr for Indian Navy’s country wide next-generation digital communications network from Sterlite Technologies Ltd [BSE: 532374, NSE: STRTECH], a global data network solutions company. As a part of this order, Tejas Networks will supply its state-of-the-art terabit capacity DWDM systems and high-performance Layer-3 Multi Gigabit Ethernet switches, for this pan-India network.
The Indian Navy’s communication network is being built as a robust, highly secure, scalable and reliable digital highway for naval operations that will link multiple Indian naval offices and India-administered islands. As the master systems integrator, Sterlite Technologies has been awarded a long-term contract for design, execution, operations and maintenance of Indian Navy’s Digital Network.
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We are delighted to be a part of this prestigious communication project for the Indian Navy as a technology partner for Sterlite Technologies for DWDM and Layer-3 Multi Gigabit Ethernet switches. It is a matter of great pride that our designed-and-made-in-India DWDM products and Layer-3 Multi Gigabit Ethernet switches will be deployed in Navy’s network, which has long-term strategic significance for India. The order reinforces our technological and execution capabilities for building large and complex communication networks.”
Mr. K.S Rao, CEO – Telecom Services Business, Sterlite Technologies further added, “Tejas Networks is a leading Indian OEM that designs and manufactures world-class optical and data networking products. They have demonstrated capabilities in executing complex, carrier-grade and mission-critical networks. We are happy to work with Tejas Networks to execute this project of national importance.”
The Indian Navy’s communication network is being built as a robust, highly secure, scalable and reliable digital highway for naval operations that will link multiple Indian naval offices and India-administered islands. As the master systems integrator, Sterlite Technologies has been awarded a long-term contract for design, execution, operations and maintenance of Indian Navy’s Digital Network.
Mr. Sanjay Nayak, Managing Director and CEO of Tejas Networks said, “We are delighted to be a part of this prestigious communication project for the Indian Navy as a technology partner for Sterlite Technologies for DWDM and Layer-3 Multi Gigabit Ethernet switches. It is a matter of great pride that our designed-and-made-in-India DWDM products and Layer-3 Multi Gigabit Ethernet switches will be deployed in Navy’s network, which has long-term strategic significance for India. The order reinforces our technological and execution capabilities for building large and complex communication networks.”
Mr. K.S Rao, CEO – Telecom Services Business, Sterlite Technologies further added, “Tejas Networks is a leading Indian OEM that designs and manufactures world-class optical and data networking products. They have demonstrated capabilities in executing complex, carrier-grade and mission-critical networks. We are happy to work with Tejas Networks to execute this project of national importance.”
