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.