Indian Telephone Industries Limited

ITI Limited, earlier known as Indian Telephone Industries Limited, is a central public sector undertaking in India. It is under the ownership of Department of Telecommunications, Ministry of Communications, Government of India. It was founded in 1948 as a departmental factory, incorporated as a public company in 1950 and today has six manufacturing facilities at Bangalore, Naini, Mankapur, Raebareli, Palakkad and Srinagar which produce a range of switching, transmission, access and subscriber premises equipment.^[10] It is headquartered at Bangalore. It has multi-locational electronic assembly and mechanical manufacturing facilities, countrywide marketing and customer support centers and in-house R&D for absorption of technology, indigenous development of products for in-house manufacturing. It produces GSM mobile equipment at its Mankapur and Raebareli facilities.^[11] These two facilities supply more than nine million lines per annum to both domestic as well as foreign markets. The Palakkad unit is responsible for data handling with assembly and personalization of smart cards and electronic manufacturing facilities for PCB's, HDPE Pipe, Smart Energy Meters, Micro PC under Smart City Mission etc. It also produces Information and Communication Technology (ICT) equipments such as network management systems, encryption and networking for internet connectivity, and secure communications networks and equipment for the defence. The company has 1608 employees as on^[update] June 1, 2024.^[12] On 01-10-2020, ITI Limited signed a contract with Defence to implement ₹7,796 crore ASCON Phase-IV project.^[13]

ITI Limited

Native name	आई टी आई लिमिटेड
Formerly	Indian Telephone Industries Limited (1948–1994)
Company type	Central Public Sector Undertaking
Traded as	BSE: 523610 NSE: ITI
Industry	Telecom equipment Networking equipment 3D printing
Founded	12 October 1948 (Corporate Status: 25 January 1950)
Headquarters	Bangalore , India
Number of locations	6 manufacturing units in India Bangalore (1948)[1] Srinagar* (1969) *ITI Skill Development Center[2] Naini (1971)[3] Raebareli (1973)[4] Palakkad (1976)[5] Mankapur (1983)[6]
Key people	Shri Ashwini Vaishnaw (Cabinet Minister for Communications) Shri Rajesh Rai (Chairman & Managing Director) Shri Rajeev Srivastava (Director Finance) Smt S Jeyanthi (Director Production)
Revenue	₹1,860.73 crore (US$220 million) (2022) [7]
Net income	₹121.06 crore (US$15 million) (2022) [7]
Total assets	₹9,576.95 crore (US$1.1 billion) (2022) [7]
Total equity	₹2,620.47 crore (US$310 million) (2022) [7]
Owner	Department of Telecommunications , Ministry of Communications , Government of India[8]
Number of employees	1608 (June 1, 2024) [9]