ITI Limited (NSE: ITI) is a state-owned public sector company in India that provides telecommunications equipment and solutions for various sectors, including defense, government, and public sector. The company is headquartered in Bengaluru, Karnataka and has manufacturing facilities in multiple locations across India.
The company has a strong focus on research and development and has set up a research and development centre in Bengaluru to support its product development initiatives. ITI Limited has also entered into partnerships with various international companies to expand its product portfolio and global reach. For the quarter ended December 2022, ITI Limited reported a consolidated Revenue of ₹256.35 crore, a year-on-year growth of 87%. The company’s Net loss for the quarter was ₹87.61 crore, compared to Net loss of ₹92.61 crore a year on year.