HFCL

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$570 million)[3] (2023)
Number of employees
1,719 [4]
SubsidiariesHTL Limited [5]
EXICOM
Websitehfcl.com

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

The company is based in Gurugram and listed on both the Bombay Stock Exchange (BSE)[8] and 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, Deepak Malhotra and Vinay Maloo. 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, 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 its technology to HFCL.[12]

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][5]

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

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. 16 September 2021.
  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. 29 January 2012.
  11. ^ "HFCL History | HFCL Information - The Economic Times". economictimes.indiatimes.com.
  12. ^ "State-run telecom R&D firm C-DOT hopeful for telco business - ET Telecom".
  13. ^ Sharma, Pranjal (30 September 1995). "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 Launches Optical Fiber Manufacturing Facility in Hyderabad | Information Technology, Electronics & Communications Department, Government of Telangana, India". it.telangana.gov.in. 13 March 2018.
  16. ^ "HFCL shares zoom 100% in one month. More gains ahead?". mint. 6 July 2021.
  17. ^ 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)