ITI Limited is engaged in manufacturing, trading and servicing of telecommunication equipment, and rendering other associated and ancillary services. ITI Limited is a public sector undertaking in the telecommunications technology segment established as a departmental factory in 1948. The company was founded in 1948 and is headquartered in Bangalore, India.
ITI Limited is the leading Electronic manufacturing provider for 4G Radio Equipment and Defence electronics products & systems. The Company offers complete range of telecom products and total solutions covering the whole spectrum of Switching Transmission Access and Subscriber Premises equipment. The company has evolved from a traditional telecommunications equipment manufacturer to a comprehensive technology solutions provider serving various government and private sector clients.
ITI Limited operates through multiple business segments with a significant focus on turnkey projects. Under this segment, the company is involved in various projects such as BharatNet, ASCON, Net for Spectrum, E-governance projects, FTTH Rollout for Bharti Airtel. Turnkey Projects constitute approximately 78% of revenues, making it the dominant revenue contributor for the company.
The company has diversified its operations across telecommunications, defense electronics, and information technology solutions. Besides offering the telecom turnkey solutions and customized support, ITI has a dedicated Network System Unit for executing turnkey projects for installation and commissioning of telecommunication networks. Company is diversifying towards IOT, Smart city, other allied telecom products and services including turnkey project execution to offer solutions in diversified fields.
ITI Limited has established a comprehensive manufacturing ecosystem with diverse product offerings. It manufactures telecom equipment, including electronic switching exchanges, transmission equipment, microelectronic and telephone instruments. It manufactures electronic products, including Digital Mobile Radio systems, smart energy meters, mini personal computers, Smaash Laptop, three-dimensional printing, bank automation products and others.
The company has a diverse suite of products including manufactured products like Gigabit Passive Optical Network (GPON), Managed Leased Line Network (MLLN) products, Stand Alone Signaling Transfer Point(SSTP), Wi-Fi Access Point, Radio Modem, SMPS, Set Top Box, Defence products like multi-capacity encryption units, Bulk encryption Units (BEU), Terminal End Secrecy Devices (TESD), Passive infrastructure products such as Optical Fiber Cable, HDPE duct, Antenna, diversified products such as smart energy meters, smart cards, solar panels, mini personal computers.
Encryption Products are the company's forte. The Group's customers include defense, railways and oil companies. This strategic positioning in defense electronics has helped the company maintain a competitive edge in specialized technology segments.
The company has manufacturing facilities in Bengaluru, Naini, Rae Bareli, Mankapur and Palakkad along with an R&D centre in Bengaluru and 11 Marketing, Services & Projects (MSP) centers in India, which are located at Bengaluru, Chennai, Hyderabad, Mumbai, Ahmedabad, Kolkata, Guwahati, Bhopal, Delhi, Lucknow and Chandigarh.
ITI has a Tier-III Data Center with 350 Racks serving a host of valued customers for the past 12 years. The customers include Government Organisations, PSUs, PSU Banks, Co-operative banks, Financial Institutions, MNCs. This data center infrastructure positions ITI as a comprehensive technology service provider beyond traditional telecommunications equipment manufacturing.
As of the latest financial data, ITI Limited has a Market Cap of ₹ 30,316 Cr (as of recent trading). The company reported Revenue of 3,616 Cr with a Profit of -233 Cr in the recent period, indicating operational challenges despite significant revenue generation.
Revenue: ₹1,045.70Cr as on March 2025 (Q4 FY25) Net Profit: ₹-4.38Cr as on March 2025 (Q4 FY25) shows the company's quarterly performance. ITI Ltd's net profit jumped 98.17% since last year same period to ₹-4.38Cr in the Q4 2024-2025. This significant improvement in loss reduction indicates potential operational improvements and cost management initiatives.
Promoter holding in ITI Ltd has gone up to 90.02 per cent as of May 2025 from 90.00 per cent as of Dec 2024. Promoter Holding: 90.0% demonstrates strong government backing as a public sector undertaking.
Company has a low return on equity of -19.4% over last 3 years. Company has high debtors of 403 days. Indian Telephone Industries Limited EBITDA is −598.90 M INR, and current EBITDA margin is −1.66%. These metrics highlight areas where the company needs improvement in operational efficiency and working capital management.
ITI Limited has secured several significant contracts recently, demonstrating its competitive position in the market. ITI Limited wins Rs. 88 Cr contracts for CCTV, GIS, and WLAN projects in Odisha and Chhattisgarh. Bharat Sanchar Nigam Limited (BSNL) has awarded a ₹1,901.1 crore contract to ITI Ltd for the development and maintenance of the BharatNet programme in northeastern states.
The company intends to upgrade and invest in the technology, through the acquisition of technology from strategic partners with a specific focus on high growth industry segments. This strategic approach indicates ITI's commitment to modernizing its technology capabilities and expanding into emerging market segments.
The company's strong order book and government backing provide a foundation for future growth, though operational efficiency improvements remain crucial for sustainable profitability. ITI's positioning in critical infrastructure projects and defense electronics offers long-term growth potential in India's expanding telecommunications and digital infrastructure sectors.
