In search for India’s Cisco: ITI

The search continues. Here is the ITI profile. ITI had revenues of Rs. 18.2 billion (approx US$455 million) for the fiscal year 2006-07. Net loss amounted to Rs. 4 billion (approx US$100 million) for the period. Below are some more details.

• The last time ITI was profitable was in fiscal 2001-02. Since then it has incurred a loss every year.

• Out of the $455 million revenue for 2006-07, BSNL the incumbent accounted for about 84%

• The main revenue driver for ITI is wireless. Here are the percentage contributions out of the overall revenue: GSM infrastructure 24%, GSM BTS 11%, WLL 19%.

• NGN deployments generated around $13.25 million in revenues during the fiscal

• ITI has partnerships with Tejas for SDH equipment and with Tekelec for signaling equipment

• Number of employees as of 31 March 07: 13,415

• On a cumulative basis, in India, ITI has deployed 39 million switching lines (which represents market share 45%), sold 26 million fixed phones (market share 64%), and 1.3 million mobile phones (market share 0.8%).

• ITI is the most eligible candidate for ‘Cisco of India’