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Rank 33: HTL: Divestment Doldrums

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VoicenData Bureau
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For this four-decade old company, FY 2001-02 signaled a new birth. The

reincarnated Hindustan Teleprinters Ltd (HTL), which is one of the key telecom

equipment manufacturer in the country, saw a change in management control. From

being a government-owned company, it has moved into the hands of Himachal

Futuristic Communications Ltd (HFCL). The government divested 74 percent of its

stake for Rs 55 crore, retaining only 26 percent of equity. With HFCL taking

over, HTL’s product spectrum, which included digital switching, switching

accessories, access products, and terminals, will give a further boost to the

company.

In FY 2001-02, HTL did a total business of Rs 265 crore. Since the hands have

changed just two quarters ago, the real push is expected in 2002-03. What is

expected to drive the growth is the synergy between HFCL and HTL. While HFCL has

been a leading manufacturer of all transmission equipment, HTL manufactures

switching equipment. The takeover would enable the combined duo to offer a range

of telecom products. Also, on the services front, it will assume a new meaning.

HTL is also looking at aggressive product launches. It is exploring the

possibility of making CDMA terminals and CDMA network equipment in a tie-up with

one of the existing CDMA majors like Samsung, Hyundai, or Lucent.

HTL 

TURNOVER

FACTSHEET

CEO

:

YS Choudhary

Year of

Start-up

:

1960
Area of

Operation

:

Switching, transmission, and datacom products
Address : GST Road, Guindy, Chennai 600 032
Tel  : 044-2321589
Fax : 044-2320340
S

W O T
Strength  : A strong

products company
Weakness : Large workforce
Opportunity : Non-BSNL market and exports
Threat  : End-to-end solution providersA
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