HFCL Ltd Company History

The Company was incorporated on the 11th May, as a Public

limited company and obtained the certificate of commencement of

business on the 13th July. It was incorporated in the state of

Himachal Pradesh. It was promoted by Dr. Deepak Malhotra,

Mahendra Nahata and Vinay Maloo. The Company manufacture Analog

and Digital Subscriber/Carriers Systems and other

Telecommunication Systems.

The Company undertook to set up a project for the manufacture

of 1+1 and 1+7 Analog Subscriber Carrier Systems with a total

capacity of 15,000 lines per annum.

The Company entered into a technical collaboration agreement

with M/s. Seiscor Technologies Inc., U.S.A., for the manufacture

of 1+1 and 1+7 Analog Subscriber Carrier Systems.

For the manufacture of the Digital Subscriber Carrier System,

the Company signed a Memorandum of Undertaking with Philips

Kommunikation Industries AG of Germany.

1+1 Analog Subscriber Carreir System (ASCS) will enable DOT to

give one additional telephone connection over one pair of cables

and 1+7 Analog Subscriber System will enable DOT to give 7

additional telephone connections over one pair of cables.

A letter of Intent was received from DOT for the supply of 1+1

and 1+7 Analog Subscriber System. Also, another letter of

intent was received from Mahanagar Telephone Nigam Ltd., for 1+1

ASCS.

All shares taken up by promoters, directors, etc. including

86,700 shares allotted to HPSEDC.

8,30,000 shares issued at par of which 1,80,000 shares were

reserved and allotted to promoters, directors, etc. The balance

50,000 shares offered to the public in February 1989 (all were

taken up).

In July, 15,00,150 rights shares issued at par in prop. 3:2

(all were taken up). Additional 2,25,000 shares allotted to

retain oversubscription. Simultaneously, another 75,000 shares

issued at par to employees, etc., but only 1,600 shares taken

up. Balance 73,400 shares allotted to Canfina.

The Company proposed to undertake manufacture of additional

products like digital subscriber carrier systems, digital

multiplexers and long-line equipments.

The Company implemented the backward integration project to

reduce the dependence on foreign suppliers thereby bringing

about not only reduction in cost of production but also savings

in foreign exchange.

The Company promoted two new companies viz., Himachal

Telematics Ltd., at Solan for manufacture of digital microwave

radio transmission equipments and fax machines and Microwave

Communication Ltd., for establishing radio paging network in

certain important cities of the country.

Himachal Telematics Ltd., proposed to be merged with the

Company subject to necessary approvals being obtained from the

concerned authorities.

98,00,875 right equity shares allotted in prop. 7:2, at a

prem. of Rs 20 per share. Unsubscribed 6,00,000 shares

allotted to Secured India Investment Fund BV. 10,00,000 shares

allotted to Financial Institution, Mutual Funds, promoters etc.

The Company embarked upon a marsive

expansion-cum-diversification plan for the manufacture of

digital microwave radios of various bands, digital multi access

relay radio, cellular handset, fibre in lock lop and optical

line terminal equipment.

The Company embarked upon a massive

expansion-cum-diversification plant for manufacture of Digital

Microware Radios of various bands, Digital Mulliaccess Realy

Radio (DMARR), Cellular handset, fibre in lock loop and optical

line Terminal Equipments.

The Company acquired an existing investment company "Kaldev

Trader & Investment Ltd. (name subsequently changed to

HFCL-Trade-Invest Ltd.) and "Coubndge Construction (Delhi) Ltd."

Subject to necessary approvals being obtained the company

proposed to amalgamate with itself Himachal Telematics Ltd.

Himachal Telematics Ltd., is promoted by the Company for the

production of Digital Microwave.

Microwave Communication Ltd., is promoted by the company in

collaboration with Shinawatre International Public Co. Ltd., of

Thailand for provision of Radio Paging Services at Mumbai,

Calcutta, Ahmedabad, Baroda, Surat & Rajkot.

Himachal Exicons Communication Ltd., a joint venture promoted

by the Company with Exicons of Australia for manufacture of high

technology telecommunications equipment using Exicon technology

for marketing in India.

The Company also entered into agreements with telecom giants

viz., Kong Song Communication & Electronics Co. Ltd., Korea to

manufacture radio pagers and satellite video receivers, Dalcons

Corporation of Korea for managing credit card information

services, with vanguard communication Corporation &

International wireless communication USA for setting up and

operating Mobile Radio Trunked services and other mobile

communication services in India and neighbouring countries and

with Wireless Telecom Ltd., USA to implement V-sat services.

The Company issued 53,76,345 GDRs at a price of US $ 9.30 per

GDR. 215,05,380 No. of equity shares underlying these GDR were

allotted. (GDR = 4 equity shares).

60,00,000 No. of equity shares on a preferential basis to

FIIs, Indian mutual fund, promoters and their associates.

5,00,000-11.5% cumulative redeemable Pref. shares issued on

private placement basis.

The Company proposes to introduce into its product range

cellular Radios from 7 Ghz to 23 Ghz and data rated from 2 MB to

16 x 2 MB.

It was also decided to provide single window turnkey solutions

to telecommunication needs, at the Company's expanded product

range the company could provide equipment, instal and

commission, provide network support systems etc.

2,50,000 Pref. redeemed.

Himachal Futuristic Communications Ltd (HFCL) is all set to

become the first manufacturer of cellular phones in India.

The company will be launching the country's first

indigenously-manufactured mobile phone and a range of pagers by

August this year.

Himachal Futuristic Communication Limited (HFCL) has bagged a

contract to set up an information super highway for the basic

telephone project of Essar Commvision Ltd in Punjab circle.

The court order has said that the DoT did not issue the letter

of intent (LoI) to HFCL-Bezeq Telecom Ltd (HBTL) within the bid

validity period and had failed to at as per tender conditions.

Under the contract Satellite Communications Limited (HSCL), a

HFCL group company, will link Essar project sites between

Mumbai, Hazira, Jamnagar and Delhi through its state-of-the-art

demand assigned multiple access (DAMA) based VSAT services.

The company has been awarded the contract by Essar to set up a

fibre optic backbone in Punjab.

Himachal Futuristic Communications Ltd (HFCL) has become the

first Indian company to venture into the highly competitive and

MNC-dominated market for the manufacture of cellular handsets.

Himachal Futuristic Communications Ltd is entering the

information technology business with a focus on offering

software solutions to the telecom industry. A new division has

been set up within the company to tap the sector's business

potential.

Himachal Futuristic Communications Ltd (HFCL), the telecom

equipment manufacturing company, has forayed into software

exports. The company has developed a state-of-the-art facility

at Delhi for this purpose.

Issues relating to letters of intent (LI) issued to Himachal

Futuristic Communications Ltd (HFCL), Basic Teleservices and

Techno Telecom for basic services will also be referred to the

Attorney-General.

Himachal Futuristic Communications Ltd (HFCL), a Delhi-based

telecom equipment manufacturer, has bagged a contract from

Reliance WorldTel for setting up Internet backbone in Tamil

Nadu.

Himachal Futuristic Communications Ltd. have already signed

MOU with seven states. The cost of setting up backbone network

in each state is to the tune of $100 million.

The company has set up cellular networks in Delhi, Punjab,

Tamil Nadu and Gujarat and network for basic services in

Rajasthan and Punjab.

The Company has taken its first big leap in the doctom

business by acquiring a 45 per cent stake in online shopping

mall jaldi.com from Satin Credit & Leasing Ltd for an

undisclosed amount.

The Company and Publishing and Broadcasting Ltd. have formed a

joint venture company called HFCL-Nine Broadcasting Pvt., Ltd.

The Company proposes to raise the limit on foreign

institutional holdings in the company to 40 percent.

The Management of the company has decided to disinvest its

entire shareholding of 3,49,99,500 shares of Rs. 10/- each in

Fascel Ltd. the sales will be at a premium of Rs. 10/- per

share.

Telecom equipment and services company Himachal Futuristics

Communication is in talks with global elecom majors for an

alliance to set up their manufacturing base in India.

The Company and Australia's Kerry Packer group company

Consolidated Press Holdings has bagged the ISO-9001 quality

certification within six months of its operations.

The promoters of the Company have acquired 38 lakh shares in

the city-based IVRCL Infrastructures & Projects Ltd. a

construction major having presence mostly in western and

northern India.

A joint venture between the company and Kerry Packer-promoted,

Consolidated Press Holdings, has joined hands with Stemcor, one

of the largest steel trading giants and iSteelAsia, the

business-to-business steel marketplace, to float the joint

venture, iSteel India.

The Company allottment of 15,76,809 No. o fequity shares and

55,88,841 No. of equity shares of Rs 10 each to Ecom.Com Ltd. on

April 10, and June 24, respectively at a premium of Rs 1,440 per

share.

The Company has entered into an alliance with Cisco Systems

Inc, to offer Cisco's data products and networking equipment to

telecom infrastructure providers in India.

HFCL Infotel Ltd., a fully owned subsidiary of Himachal

Futuristic Communications has tied up with the Punjab government

for implementing a private network of both voice and data as

part of the state's e-governance initiatives.

GTB recalls all short-term loans amounting to Rs.185cr from HFCL.

HFCL bags the prestigious World Bank Funded Project in association

with Thales for putting in place a system of comprehensive national

radio spectrum management and monitoring systems.

HFCL sells 3.43% stake to M/s Transatlantic Corporation.

HFCL embarks upon the business restructuring exercise aimed at

improving effeciency at all levels by remaining focussed on the business.

ICICI Bank converts part of its loan into 12.65% stake in the company

Converted 32 Foreign Currency Convertible Bonds (FCCBs) of US S 50,000 each into 6259144 equity shares at a price of Rs 11.70 per share. The issued and subscribed capital has been increased by 6259144 equity shares and stands at 290919303 equity shares of the face value of Rs 10/- each.

Converts 19 Foreign Currency Convertible Bonds (FCCBs) of US$ 50,000 each into 36,79,017 equity shares at the price of Rs. 11.70/- per share.

HFCL sets up new co for applications development

HFCL inks Rs 450 cr contract with Reliance Infocomm.

Himachal Futuristic Communications Ltd (HFCL) has informed that the Board of Directors of the company had accorded its approval for the investment upto Rs 4 million into the Equity capital of Monata Finance Pvt Ltd (MFPL) on June 14, 2004 so as to make MFPL a wholly subsidiary of the Company.

HFCL slash long distance tariffs in Punjab by 75 pc

HimachlFutur - Joint Venture Agreement between the Company & Dragonwave INC.

HimachlFutur - Adoption of Rework of CDR Package.

HimachlFutur - Adoption of Rework of CDR Package.

HFCL clarifies on tie up news with RIL for 4G launch

Himachal Futuristic appointed Mr.Rajiv Sharma as Nominee Director of the IDBI Bank Limited.

Himachal Futuristic Communications Ltd has informed BSE that HTL Limited, a subsidiary of the Company has started commercial production of "manufacturing of Optical Fibre Cables (OFC) at its Guindy Plant, Chennai" w.e.f. April 01, 2016.

Himachal Futuristic Communications Ltd (HFCL), a leading Integrated Telecom Solutions Provider, has said that it had entered into defence manufacturing in 2016, to participate in the Government's "Make in India" initiative. Since then, the Company has obtained several Industrial Licences for manufacturing defence products such as Electronic Fuses, Electro Optical Devices, UAVs, Radars, Electronic Warfare and Communication equipment.

HFCL to build Rs 260-cr optical fibre plant in Telangana

Himachal Futuristic Communications Limited (HFCL) has said that it is setting up a Greenfield project of manufacturing Optical Fiber (OF) in the state of Telangana at S-9, Fab City, E- City, Raviryala & Srinagar (V). Maheshwaram (M), Srisailam Road, Ranga Reddy District.

HFCL Limited has informed the Exchange about Acquisition of balance 50.10% of the Equity Shares in DragonWave HFCL India Private Limited,thereby making it a wholly-owned subsidiary.

Company name has changed to HFCL Ltd. from Himachal Futuristic Communications Ltd..

The company has informed that HFCL''s new state-of-the-art Fiber to the home ("FTTH") cable manufacturing facility at Hyderabad, Telangana has started commercial production of Optical Fiber Cables for Fiber to Home Applications, w.e.f. 16th December, 2020.

We are also enclosing herewith a Press Release in

connection with commencement of FTTH Cables

Manufacturing Facility.

The company has informed that , it has strengthened its portfolio of Wireless Solutions with the roll-out of new dual band Wi-Fi 6 products in addition to the existing Wi-Fi 5 range of products. The Company has joined hands with Qualcomm Technologies for its newly developed Wi-Fi 6 portfolio of products.

HFCL 10 new product range consisting ofWi-Fi 6 (802.11ax) Dual Band Outdoor and Indoor Access Points and Telco Grade Cloud NMS support for comprehensive security features like WPA3, IEEE 802.1X and IEEE 802.11i, to ensure higher encryption & secure data transfer of numerous simultaneously connected devices.

HFCL Limited has informed the Exchange about Acquisition??of equity stake in Nimpaa Telecommunications Private Limited [CIN: U32109TN2020PTC138131]

HFCL Limited has informed that ''Product Launch New Dual Band WI-FI 6 Access Points''.

HFCL partners with Qualcomm Technologies, Inc. for 5G Outdoor Small Cell product development.

HFCL has launched world's first Open source Wi-Fi 7 Access Points products in addition to the existing Wi-Fi 6 and Wi-Fi 5 range of products.

HFCL collaborates with Qualcomm for 5G millimeter wave FWA (Fixed Wireless Access) product development.

"HFCL signs Ingram Micro India as a Distributor for its ''IO'' line of Products".

HFCL partners with Aprecomm to power its network offerings with AI.

HFCL bags contract worth Rs 1770 cr.

HFCL bags Rs 39 crore order from Reliance Projects.