| Tejas Networks, the $25 million Bangalore-based firm building next-generation optical networking products, plans to go for an initial public offer over the next 6-8 quarters.
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| The company, which is establishing itself in the global telecom hardware market by supplying optical transport products that facilitate the building of efficient and high revenue generating networks for telecom service providers, plans to be at a topline of $80 million by then.
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| Sanjay Nayak, co-founder and CEO, Tejas Networks confirmed the plan. “Certainly, we want to go in for a public offer. The timing however is still fluid. But, in the next two years this should happen,” he said.
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| Tejas’ products addresses the problem of efficiently aggregating or distributing bandwidth to the access/edge of the network and also enable telecom operators to build intelligent networks that can be easily managed.
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| The company, started in May 2000, has established itself in the highly-competitive Indian market, and has spread its reach globally to over 100 countries through strategic OEM partnerships with leading global equipment vendors. Thousands of Tejas’ systems are already carrying live, mission-critical traffic for leading operators around the world.
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| Tejas already supplies its boxes under its own brand to telecom customers in India, including the Tata group and public sector carrier Bharat Sanchar Nigam Limited, which accounts for between 40 per cent and 50 per cent of Tejas’ revenues.
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| Tejas is a privately-funded company, backed by renowned investors like Gururaj Deshpande, Battery Ventures (USA), Intel Capital (USA), Sycamore Networks (USA) and IL&FS Investment Managers (India). The investment from these firm total some $30 million and the firm employs close to 300 professionals. |
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