HFCL Ltd
NSE: HFCL BSE: 500183
₹243.82
(5.00%)
Thu, 15 Oct 2026, 11:24 pm
Market Cap (in Cr)39275.26
PE Ratio64.15
Dividend0.08
Producer Manufacturing
Electrical Products
24.5KCompany History
1987
- Incorporated on May 11 as public limited company in Himachal Pradesh; promoters Dr. Deepak Malhotra, Mahendra Nahata, Vinay Maloo.
- Obtained certificate of commencement of business on July 13.
- Set up project for 1+1 and 1+7 Analog Subscriber Carrier Systems with 15,000 lines per annum capacity.
- Entered technical collaboration with Seiscor Technologies Inc., USA for ASCS.
- Signed MoU with Philips Kommunikation AG, Germany for Digital Subscriber Carrier System.
- Received Letters of Intent from DOT and MTNL for 1+1 and 1+7 ASCS.
- Promoters and directors took up all shares, including 86,700 allotted to HPSEDC.
1988
- Issued 8,30,000 shares at par; 1,80,000 reserved for promoters; 50,000 offered to public in February 1989.
1990
- Issued 15,00,150 rights shares at par (3:2); allotted additional oversubscription and employee shares; balance to Canfina.
1991
- Proposed manufacture of digital subscriber carrier systems, digital multiplexers, long-line equipment.
- Implemented backward integration project to reduce foreign dependence.
- Promoted Himachal Telematics Ltd. for digital microwave radio and fax machines.
- Promoted Microwave Communication Ltd. for radio paging network.
- Proposed merger with Himachal Telematics Ltd.
1993
- Allotted 98,00,875 rights equity shares at Rs 20 premium; unsubscribed portion to Secured India Investment Fund BV; 10,00,000 to FIs, mutual funds, promoters.
1994
- Embarked on expansion-diversification for digital microwave radios, DMARR, cellular handsets, fibre loop, optical line terminal equipment.
- Acquired Kaldev Trader & Investment Ltd. (renamed HFCL-Trade-Invest Ltd.) and Coubndge Construction (Delhi) Ltd.
- Issued 53,76,345 GDRs linked to 215,05,380 equity shares.
- Allotted 60,00,000 equity shares on preferential basis to FIIs, mutual funds, promoters.
- Issued 5,00,000 11.5% cumulative redeemable preference shares on private placement.
- Promoted Microwave Communication Ltd. with Shinawatra International for radio paging services.
- Promoted Himachal Exicons Communication Ltd. JV with Exicons Australia.
- Entered agreements with international firms for radio pagers, satellite receivers, credit card services, mobile services, V-sat.
1996
- Proposed cellular radios from 7-23 GHz and data rates up to 16x2 MB.
- Planned single window turnkey telecom solutions.
- Redeemed 250,000 preference shares.
1997
- Set to launch India's first indigenously manufactured mobile phone and pagers by August.
- Bagged contract for information superhighway for Essar Commvision in Punjab.
- Awarded contract by Essar for fibre optic backbone in Punjab.
- Became first Indian company to manufacture cellular handsets.
- HSCL to provide VSAT services linking Essar project sites.
1998
- Entered IT business with software solutions for telecom; set up new division.
1999
- Forayed into software exports with facility in Delhi.
- Bagged contract from Reliance WorldTel for Internet backbone in Tamil Nadu.
- Signed MOUs with seven states for backbone networks at $100 million each.
- Set up cellular networks in Delhi, Punjab, Tamil Nadu, Gujarat; basic services in Rajasthan, Punjab.
2000
- Acquired 45% stake in jaldi.com.
- Formed JV HFCL-Nine Broadcasting Pvt. Ltd. with Publishing and Broadcasting Ltd.
- Proposed raising FII holding limit to 40%.
- Decided to disinvest entire shareholding in Fascel Ltd.
- In talks with global telecom majors for manufacturing base in India.
- JV with Consolidated Press Holdings received ISO-9001 certification.
- Promoters acquired 38 lakh shares in IVRCL Infrastructures & Projects Ltd.
- Formed JV iSteel India with Consolidated Press Holdings, Stemcor, and iSteelAsia.
- Allotted 71,65,650 equity shares to Ecom.Com Ltd. at Rs 1,440 premium.
2001
- Entered alliance with Cisco Systems for data products and networking equipment.
- HFCL Infotel tied up with Punjab government for e-governance voice and data network.
2002
- GTB recalled short-term loans amounting to Rs 185 crore.
- Bagged World Bank-funded project with Thales for national radio spectrum management and monitoring.
2003
- Sold 3.43% stake to Transatlantic Corporation.
- Embarked on business restructuring for efficiency.
- ICICI Bank converted loan into 12.65% stake.
- Converted 32 FCCBs into 6,259,144 equity shares at Rs 11.70 per share.
2004
- Converted 19 FCCBs into 3,679,017 equity shares at Rs 11.70 per share.
- Set up new company for applications development.
2005
- Inked Rs 450 crore contract with Reliance Infocomm.
2006
- Approved investment up to Rs 4 million in Monata Finance Pvt Ltd to make it wholly-owned subsidiary.
- Slashed long distance tariffs in Punjab by 75%.
2010
- Entered joint venture agreement with Dragonwave Inc.
- Adopted rework of CDR package.
2011
- Adopted rework of CDR package.
2012
- Clarified tie-up news with RIL for 4G launch.
2014
- Appointed Mr. Rajiv Sharma as nominee director of IDBI Bank Limited.
2016
- HTL Limited started commercial production of optical fibre cables at Guindy Plant, Chennai w.e.f. April 1.
- Entered defence manufacturing, obtaining licenses for electronic fuses, electro optical devices, UAVs, radars, electronic warfare, and communication equipment.
2018
- Planned Rs 260-cr optical fibre plant in Telangana.
- Setting up greenfield optical fiber manufacturing project in Telangana.
2019
- Acquired balance 50.10% equity in DragonWave HFCL India Private Limited, making it wholly-owned subsidiary.
- Changed name to HFCL Ltd. from Himachal Futuristic Communications Ltd.
2020
- Started commercial production at new FTTH cable manufacturing facility in Hyderabad w.e.f. December 16.
2021
- Rolled out new dual band Wi-Fi 6 products with Qualcomm Technologies.
- Acquired equity stake in Nimpaa Telecommunications Private Limited.
2022
- Partnered with Qualcomm Technologies for 5G Outdoor Small Cell product development.
- Launched world's first open source Wi-Fi 7 Access Points products.
- Collaborated with Qualcomm for 5G millimeter wave FWA product development.
- Signed Ingram Micro India as distributor for 'IO' line of products.
- Partnered with Aprecomm to power network offerings with AI.
- Bagged contract worth Rs 1,770 crores.
- Bagged Rs 39 crore order from Reliance Projects.
2023
- Introduced indigenous 5G Fixed Wireless Access (FWA) products.
- Bagged purchase orders aggregating INR 67 crores for optical fiber cables from domestic telecom service provider.
- Launched comprehensive suite of next-gen connectivity products at India Mobile Congress.
- Secured order aggregating Rs 1,015 crores from Madhya Pradesh Jal Nigam.
2024
- Unveiled two innovative UBR solutions for 4G/5G backhauling and energy-efficient rural broadband.
- Delivered one of the world's largest advanced BNG projects for BSNL.
- Received purchase orders aggregating ~INR 40.36 crores for optical fiber cables from leading private telecom operator.
