Indian Telephone Industries Limited

ITI Limited, earlier known as Indian Telephone Industries Limited, is a central public sector undertaking in India. It is under the ownership of Department of Telecommunications, Ministry of Communications, Government of India. It was founded in 1948 as a departmental factory, incorporated as a public company in 1950 and today has six manufacturing facilities at Bangalore, Naini, Mankapur, Raebareli, Palakkad and Srinagar which produce a range of switching, transmission, access and subscriber premises equipment.^[10] It is headquartered at Bangalore. It has multi-locational electronic assembly and mechanical manufacturing facilities, countrywide marketing and customer support centers and in-house R&D for absorption of technology, indigenous development of products for in-house manufacturing. It produces GSM mobile equipment at its Mankapur and Raebareli facilities.^[11] These two facilities supply more than nine million lines per annum to both domestic as well as foreign markets. The Palakkad unit is responsible for data handling with assembly and personalization of smart cards and electronic manufacturing facilities for PCB's, HDPE Pipe, Smart Energy Meters, Micro PC under Smart City Mission etc. It also produces Information and Communication Technology (ICT) equipments such as network management systems, encryption and networking for internet connectivity, and secure communications networks and equipment for the defence. The company has 1608 employees as on^[update] June 1, 2024.^[12] On 01-10-2020, ITI Limited signed a contract with Defence to implement ₹7,796 crore ASCON Phase-IV project.^[13]

ITI Limited

Native name	आई टी आई लिमिटेड
Formerly	Indian Telephone Industries Limited (1948–1994)
Company type	Central Public Sector Undertaking
Traded as	BSE: 523610 NSE: ITI
Industry	Telecom equipment Networking equipment 3D printing
Founded	12 October 1948 (Corporate Status: 25 January 1950)
Headquarters	Bangalore , India
Number of locations	6 manufacturing units in India Bangalore (1948)[1] Srinagar* (1969) *ITI Skill Development Center[2] Naini (1971)[3] Raebareli (1973)[4] Palakkad (1976)[5] Mankapur (1983)[6]
Key people	Shri Jyotiraditya Scindia (Union Minister for Communications) Shri Rajesh Rai (Chairman & Managing Director) Shri Rajeev Srivastava (Director Finance) Smt S Jeyanthi (Director Production) Shri Ramana Babu (Director Marketing)
Revenue	₹1,860.73 crore (US$220 million) (2022) [7]
Net income	₹121.06 crore (US$15 million) (2022) [7]
Total assets	₹9,576.95 crore (US$1.1 billion) (2022) [7]
Total equity	₹2,620.47 crore (US$310 million) (2022) [7]
Owner	Department of Telecommunications, Ministry of Communications, Government of India[8]
Number of employees	1608 (June 1, 2024) [9]

References

1. "ITI Limited". Itiltd.in. Retrieved 23 July 2022.
2. "ITI Limited". Itiltd.in. Retrieved 23 July 2022.
3. "ITI Limited". Itiltd.in. Retrieved 23 July 2022.
4. "ITI Limited". Itiltd.in. Retrieved 23 July 2022.
5. "ITI Limited". Itiltd.in. Retrieved 23 July 2022.
6. "ITI Limited". Itiltd.in. Retrieved 23 July 2022.
7. "Audited Financial Results (Standalone and Consolidated) for the Quarter and Year Ended 31st March 2022" (PDF). Itiltd.in. Retrieved 23 July 2022.
8. "69th annual Report 2018-19" (PDF). Itiltd.in. Retrieved 23 July 2022.
9. "ITI Limited". Itiltd.in. Retrieved 23 July 2022.
10. "Article: ITI to develop IP phones. (Internet).(Indian Telephone Industries)". India Telecom. 1 May 2002. Archived from the original on 3 November 2012. Retrieved 9 February 2010.
11. "ITI bags order from Alcatel". BusinessLine. 2 March 2006. Retrieved 9 February 2010.
12. "ITI Limited". Itiltd.in. Retrieved 23 July 2022.
13. "ITI signs contract for Army's ₹7,796-crore ASCON Phase IV project". www.thehindubusinessline.com. 2 October 2020. Retrieved 1 August 2022.

Sources

• "Revival of Indian Telephone Industries at Bangalore". Press Information Bureau Government of India. 25 August 2005. Retrieved 9 February 2010.