Mirae AMC and Aditya Birla AMC are meeting Tejas management next week. Looks like fund houses are waking up to the potential of this company…(after one good quarter… 
)
US Rip & Replace program will benefit Tejas Network in the coming years!
It says “After getting initial partial funding, telecoms companies face deadlines to remove, replace, and dispose all Huawei and ZTE communications equipment and services ranging from May 29, to Feb. 4, 2025, the FCC said.”
Tejas Networks
Proxy to: Telecom, Data Centres, AI, Utility, Infra, BFSI, Defence, Railways & Metro, etc.
Through Saankhya Labs, they have secured approval under the Semiconductor DLI scheme to develop a cuttingedge System-on-Chip (SoC) - a critical advancement in electronics, enabling the creation of powerful, efficient, and compact devices across a wide range of applications
Vessel Tracking Network, powered by Saankhya Labs’ award-winning SDR chipsets, signifies advancement in Indian coastal security and the safety of fishermen. With 2,500+ vessels already benefiting from its capabilities, there is an ongoing planned deployment of over 50,000 additional boats nationwide.
Over 60% of workforce is into R&D!
International Partnerships
FibreConnect partnered with Tejas to successfully deploy an end-to end optical network in Italy
Tejas signed a strategic partnership with Telecom Egypt to replicate the Bharatnet (Rural Broadband Project) and NKN (National Knowledge Network) projects in Egypt.
As a percentage of net revenues, the services expenses in FY 2024 decreased to 3.7% as compared to 9.5% in FY 2023.
As of March 31, 2024 they have filed for 446 patents of which 335 have been granted
Company has received 32.66Cr from the PLI scheme and total PLI accounted for stands at 156Cr
Majorly B2B, so quarterly fluctuation in numbers is normal
Order backlog of over 8200Cr in FY24 - Company expects to recognize revenue of around 93% within the next one year and the remaining thereafter.
Disc: Invested
Tejas Networks Mr. Arnob Roy attending the India-US Initiative on Critical and Emerging Technology (iCET) industry roundtable, including Ajit Doval National Security Advisor India & Jake Sullivan National Security Advisor USA
Seated besides him Rajesh Pankaj Rajesh Pankaj - Greater Philadelphia | Professional Profile | LinkedIn previously EVP InterDigital & ex Sr.Vp Qualcomm
The USAID is also being involved and helping with the funding for the development of 5G & ORAN
For list of participating entities refer below article
Also they have setup an office recently at IIT Madras Research Park as their entire core wireless team was from Midas Communications which was an incubator based out of IITM
Also the BharatNet Project Phase 3 could be due in a month or two with some orders to trickle down further to Tejas
Tejas AGM video. They plan completing the TCS/BSNL order this fiscal year. They might also get a reasonable order out of Rs 65000 crore BharatNet phase-3 tender, and US Rip and Replace program will definitely benefit companies like Tejas.
They have added Kavach as an opportunity under their radar.
Indian Railways to roll out tender for 10,000 km of 'Kavach' - BusinessToday.
Looking at the contract of ₹280 crore for 260 km that HBL bagged in 2022, of which HBL’s work share is ₹206 crore, we can say that it will be a significant order. If Tejas wins the contract, their order book will also look impressive.