TCIL eyes to double revenue to Rs 3,500 crore by 2025
State-run Telecommunications Consultants India Limited (TCIL) is aiming at 100% revenue growth to reach Rs 3,500 crore by 2025 and intends to become a master system integrator with a current order book of Rs 6,800 crore.
“Our current order book value is nearly Rs 6,800 crores, and have annual revenue of about Rs 1,750 crore. We are expecting to double the revenue by 2025, to reach Rs 3,500 crore,” TCIL chairman Sanjeev Kumar told ET.
The Delhi-based company that was selected as one of the six public sector firms handpicked by the Centre to launch an Initial Public Offer (IPO), said that the Department of Investment and Public Asset Management (DIPAM) has been working on the modalities of stock listing.
“TCIL shall go with a focused approach on these (futuristic) technologies, and tie up with different technology providers, startups and act as master system integrator to offer user-friendly innovative solutions leveraging IT and telecom technologies,” the top official said.
We support the government’s Atmanirbhar Bharat (self-reliant India) initiative, Kumar said, adding that TCIL would give preference to local technology not only within India but also for the multinational programs.
The firm runs the Ministry of External Affairs (MEA)-backed ICT programs in as many as 54 African countries.
“We are keen to support local products but some state-run companies are struggling to deploy commercially-proven networks today although we have indiginous products such as Gigabit Passive Optical Network (GPON),” he said.
The Universal Service Obligation (USO) Fund, according to him, should provide sufficient funds to the Centre for Development of Telematics (C-DoT) for research and development (R&D) activities.
USOF, an arm of the Department of Telecommunications (DoT), is a Rs 55,000 crore strong corpus aimed to facilitate rural telephony, and has been funding programs such as the Left Wing Extremism (LWE)-I and LWE-II across Red Corridor areas spread across 10 states.
The state-run company together with Finnish Nokia has recently participated in Bangladesh’s fourth generation (4G) program under the Government-to-Government (G2G) initiative, and is also eyeing exclusive Indian Railways 4G-driven signalling network.