HFCL ltd a small cap company can turn big
They
were the first private sector company to enter telecom equipment manufacturing
in India. In HFCL, they set up manufacturing facilities in India for optical
fiber cables, optical transport, power electronics, and broadband equipment for
global supply, and provided turnkey solutions to the Government of India's undertakings
and private sector players across the world. HFCL has an in-house R&D
department, developing new technologies. Their $25 billion (₹850 billion)
bid for basic services license in India created the momentum for telecom in the
country. Late Australian businessman Kerry Packer, also known for his
contribution to the sport of cricket, invested in HFCL, in the year 2000, picking
up a 10% stake
During the technology boom,
HFCL peaked at an approximately $4 billion market cap making him one of the top
10 richest Indians at age In 2005, the partners split, Nahata keeping the
telecom business as Maloo wanted to expand into different sectors and be
diversified. In 2006, he resigned from HFCL. He also resigned from the
subsidiary company, HFCL Infotel Ltd.Maloo started the energy resource business
enterprise, Enso Group, in 2005 and wanted to be freed from his commitments to
HFCL.
Currently he is in process of installing JIO 4 G tower all over
India 70 % previous work is done by Same Company
Hemant pagi
wiseinvesting
9898559842
Comments
Post a Comment