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Events :
YEAR EVENTS 1950 - The Company was Incorporated as a
private limited company on 25th January, at Bangalore. The
Company was the first public sector undertaking started in 1948
by the Government of India after independence. The Company
became a public limited company on 23rd November, 1985. The
main objects is to design, manufacture and supply
telecommunication equipment such as telephone instruments,
electromechanical exchanges, transmission systems, electronic
exchanges and ground stations for satellite communications.
- The Company has its own R&D division to play its role in
technology innovation, upgradation and adaptation.
Advanced facilities and infrastructure were established for
research and product development.
- It was proposed to be met by floating bonds to the public, funds
in the form of budgetary support from Government and internal
accruals.
1979 - 90,064 shares allotted without payment in cash. Out of the
total shares issued, 31,250 shares were held by Karnataka
Government and 14,68,750 shares were held by Govt. of India.
1982 - 15,00,000 shares issued to Government of India.
1983 - 17,00,000 shares issued to Government of India.
1984 - 23,00,000 shares issued to Government of India.
1985 - 18,00,000 shares issued to Government of India.
1987 - Under the `B' Series issue 11,89,966-10% tax free nonconvertible bonds of Rs 1000 each and 10,60,034-14% nonconvertible bonds of Rs 1000 each were issued for public
subscription. 7,93,230-13% non-convertible bonds of Rs 100 each
were privately placed bonds with 10% interest rates (tax free)
are redeemable after 10 years while the other bonds are
redeemable after 7 years from the date of allotment.
1992 - The OCB 283/CSN project in technical collaboration with
M/s. ALCATEL was taken up at Mankapur, Bangalore and
Palakhad units.
- The Company has a production capacity to manufacture
exchange equipments based on C-DOT technology totally 750 KL
at E.C. Plant Rae Bareli and at Bangalore.
- The Micro Electronics Division has the facilities to manufacture
Think film, thick film, VLSI packaging, VLSI processing, ASK
Testing and Mask Centre (E-Beam).
1993 - The Company proposed to enter into a joint venture with
NKT of Denmark for optical fibre using Synchromous Digital
Hierarchy (SDH) equipment with Korea Telecom and Korea
Mobile Telecom for Radio Paging Services.
1994 - A joint venture Company called FIBCOM India Ltd. was
set up with M/s. NKT Electronik A/S. Denmark and M/s.
Industrialization Fund for developing countries.
- 9,81,310 No. of equity shares offered for sale were taken up at
a price of Rs 59 per share by the employees of ITI.
1995 - ITI designed and developed PABX Exchange (MPABX1000) at Mankapur plant, for provision upto 850 lines for
force.
- Bangalore-based telecom major ITI has been awarded the Prime
Minister's MOU award for excellence for the year 1998-99.
- Compaq India and ITI Ltd have signed an MoU to leverage each
others expertise to deliver soluions for businesses where there is
an increasing convergence of telecom and IT.
- Ms Lakshmi G Menon has taken over as the chairman and
managing director of ITI, India's largest telecom equipment
manufacturer.
2001 - Mr Vijoy Kumar, Deputy Director General, has been
appointed as part-time official director of the company effective
from 2nd March in place of Mr Rajeev Agrawal. U D Paradkar
retires from Directorship of ITI Ltd
- ITI Ltd has informed BSE that Shri U.D.Paradkar, Director Bangalore Plant of the Company has retired from the services of
the Company on December 31, 2001.
2002
-Mr U D Paradkar retires from the services of the company as the
Director.
-Board approves the proposal for amendment to MOA of ITI Ltd
for enhancement of Authorised share capital from Rs.100crs to
Rs.250 crs by issue of preference shares under private
placement.
-Ties up with Texas to develop IP Phones.
-ITI Ltd has informed that BIFR vide letter dated March 25, 2008
appointed Shri. C K Koshy as Special Director on the Board of
Director of the Company u/s 16(4) of the Sick Industrial
Companies (Special Provisions) Act, 1985.
2009
- "ITI notches-up highest turn over in seven years".
2010
- K. L. Dhingra has been appointed as Chairman and Managing
Director.
2011
- Shri Ravi Khandelwal has been appointed as Director-Finance
of ITI Limited.
- Shri. N K Srivastava, Sr. DDG (TEC). Department of
Telecommunications as Government Director on the Board of the
Company.
2012
- Lt. Gen S. P. Kochhar, AVSM, SM, VSM, Signal Officer incharge, Ministry of Defence and Shri N. K. Joshi, DDG (SU),
Department of Telecommunication, New Delhi have been
appointed as Government Directors on the Board of ITI Limited.
2013
-ITI Bags National Safety Awards from Ministry of Labour &
Employment. -ITI signs MoU with TSSC for special focus on Skill
Development in the Telecom Industry.
2014 -ITI signs MoU with Department of Telecommunications.
-ITI bags largest Non-RQ order for NFS. -An MoU was signed
between M/s. ITI and M/s. HAL for exploring mutually beneficial
business opportunities in the manufacturing and service
domains.