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Events :
YEAR EVENTS 1950 - The Company was Incorporated as a
private limited company on 25th January, at Bangalore. The
Company was the first public sector undertaking started in 1948
by the Government of India after independence. The Company
became a public limited company on 23rd November, 1985. The
main objects is to design, manufacture and supply
telecommunication equipment such as telephone instruments,
electromechanical exchanges, transmission systems, electronic
exchanges and ground stations for satellite communications.
- The Company has its own R&D division to play its role in
technology innovation, upgradation and adaptation.
Advanced facilities and infrastructure were established for
research and product development.
- It was proposed to be met by floating bonds to the public, funds
in the form of budgetary support from Government and internal
accruals.
1979 - 90,064 shares allotted without payment in cash. Out of the
total shares issued, 31,250 shares were held by Karnataka
Government and 14,68,750 shares were held by Govt. of India.
1982 - 15,00,000 shares issued to Government of India.
1983 - 17,00,000 shares issued to Government of India.
1984 - 23,00,000 shares issued to Government of India.
1985 - 18,00,000 shares issued to Government of India.
1987 - Under the `B' Series issue 11,89,966-10% tax free nonconvertible bonds of Rs 1000 each and 10,60,034-14% nonconvertible bonds of Rs 1000 each were issued for public
subscription. 7,93,230-13% non-convertible bonds of Rs 100 each
were privately placed bonds with 10% interest rates (tax free)
are redeemable after 10 years while the other bonds are
redeemable after 7 years from the date of allotment.
1992 - The OCB 283/CSN project in technical collaboration with
M/s. ALCATEL was taken up at Mankapur, Bangalore and
Palakhad units.
- The Company has a production capacity to manufacture
exchange equipments based on C-DOT technology totally 750 KL
at E.C. Plant Rae Bareli and at Bangalore.
- The Micro Electronics Division has the facilities to manufacture
Think film, thick film, VLSI packaging, VLSI processing, ASK
Testing and Mask Centre (E-Beam).
2006
-ITI Ltd - Wins Top Telecom Turnkey Company Award -ITI Ltd has
appointed Shri Ravi Agarwal, GM-GSM, of the Company as
Director-Production on the Board of the Company with effect
from October 31, 2006.
-Iti Ltd. has informed that Shri K. T. Mayuranathan, has assumed
charge to the post of Company Secretary of the Company with
effect from November 20, 2006, in place of Shri K. Ramaswamy,
Company Secretary, who had earlier resigned.
-ITI Ltd has informed that Shri. Y K Pandey, Chairman &
Managing Director of the Company on Earned Leave from
November 01, 2006 to January 31, 2007 (both days inclusive).
Shri. Pritam Singh, Director-Marketing, has been appointed as
In-Charge Chairman and Managing Director, as conveyed vide
DOT letter dated November 03, 2006.
-ITI Ltd. has informed that Shri R. Bandyopadhyay, Addl
Secretary (T), Department of Telecommunication, New Delhi and
Shri P.K. Tiwari, Director (R&P), Department of
Telecommunication, New Delhi have been appointed as part-time
Official Directors on the Board of ITI Limited, in place of Shri
Pankaj Agrawala, JS, DIT and Shri N. P. Singh, DDG (IP) , DoT
respectively.
2007
-ITI Ltd has informed that in pursuance of DoT letter dated
August 23, 2007, Shri. S K Chatterjee, Director-HR, of the
Company has assumed the charge as Chairman & Managing
Director (CMD) on the Board of the Company w.e.f. August 24,
2007 (Forenoon).
2008
-ITI Ltd has informed that Shri. B P Gupta has been appointed as
Director-Finance of the Company by the Government of India
vide Ministry of Communications and IT letter dated December
31, 2007.
-ITI Ltd. has informed that "Shri K.K. Khurana has been
appointed as Director-HR of ITI Limited by the Government of
India vide Ministry of Communications and IT letter No. 47/2007-Fac-II dated 04.04.2008. He has assumed office on
04.04.2008."
-ITI Ltd has informed that BIFR vide letter dated March 25, 2008
appointed Shri. C K Koshy as Special Director on the Board of
Director of the Company u/s 16(4) of the Sick Industrial
Companies (Special Provisions) Act, 1985.
2009
- "ITI notches-up highest turn over in seven years".
2010
- K. L. Dhingra has been appointed as Chairman and Managing
Director.
2011
- Shri Ravi Khandelwal has been appointed as Director-Finance
of ITI Limited.