The telecom and information and communications technology (ICT) industries are undergoing significant transformation, driven by improvements in digital infrastructure, 5G network deployment and an increased focus on secure communication systems. Established in 1948 as a departmental factory, ITI Limited has been instrumental in supporting this shift, aligning with the government’s key initiatives such as Digital India and Make in India. The rising demand for home-grown manufactured products and comprehensive telecom solutions has further underscored the company’s pivotal role in the sector.
Company profile
ITI Limited is a multi-unit central public sector undertaking under the Ministry of Communications, specialising in telecommunications technology. Its state-of-the-art manufacturing facilities are located in Bengaluru, Naini, Rae Bareli, Mankapur and Palakkad. It also has an in-house research and development centre in Bengaluru, and marketing, sales and projects offices spread across the country.
Product portfolio
The company manufactures a diverse suite of products. These include gigabit passive optical network systems; managed leased line network products; standalone signalling transfer points; Wi-Fi access points; radio modems; switched-mode power supplies; set-top boxes; defence products such as multi-capacity encryption units, bulk encryption units and terminal end secrecy devices; and passive infrastructure products such as optical fibre cables, high density polyethylene ducts and antennas.
Powering BharatNet
BharatNet, a flagship government initiative, aims to bridge the digital divide by providing high speed broadband connectivity to over 0.64 million villages and gram panchayats (GPs) across India through a phased roll-out of fibre optic networks.
ITI’s engagement with BharatNet dates back to earlier phases. In 2018, ITI secured a Rs 16.12 billion order for the BharatNet Phase II initiative to connect nearly 7,500 GPs in Gujarat. Later, it also secured a Rs 26.58 billion contract for connecting 13,000 GPs under MahaNet, the Maharashtra segment of BharatNet Phase II, underscoring its growing digital footprint in western India.
The years 2024 and 2025 marked a major shift in ITI’s BharatNet involvement, with the company emerging as a key player in the ongoing Phase III roll-out. In November 2024, ITI Limited, along with its consortium partner, became the lowest bidder (L1) for two crucial packages under BharatNet Phase III – Package no. 8, covering Himachal Pradesh, and Package no. 9, covering West Bengal and the Andaman & Nicobar Islands. These contracts, valued at Rs 30.22 billion, involve the design, supply, construction, installation, upgradation, operations and maintenance of the middle-mile network under a design-build-operate-maintain model. This phase aims to enhance broadband connectivity to speeds of 100 Mbps in rural and remote areas, furthering the government’s vision of a digitally inclusive India.
Shortly after securing these contracts, ITI commenced work on the State Network Operations Centre (S-NOC) for BharatNet Phase III in Solan, Himachal Pradesh, in early April 2025. The S-NOC is a centralised facility dedicated to monitoring, managing and securing the network infrastructure, ensuring high service quality and reliability for the middle-mile network in the state. This highlights ITI’s transition from being a contract awardee to an active project implementer.
Foraying into diversification
ITI is also diversifying into other products such as smart energy meters, smart cards, solar panels, data centres and mini personal computers. Additionally, it is successfully running a data centre at the Bengaluru unit and offering its services to government institutions/departments, banks, etc.
ITI’s other contracts in its order pipeline in 2024-25 reflect its strategic shift into diverse technology and infrastructure domains. In May 2024, ITI Limited was awarded a major contract for the installation of solar street lights in Bihar, supporting the state’s push for sustainable and energy-efficient urban infrastructure. This project involved the supply, installation and maintenance of solar-powered street lighting systems, aiming to enhance safety and reduce the carbon footprint in targeted regions. In August 2024, the company won its first electronic voting machine order from the State Election Commission (SEC) of West Bengal. In September of that year, ITI further cemented its presence in Bihar by securing a Rs 3 billion contract with the Bihar Renewable Energy Development Agency. In November 2024, it procured a contract worth around Rs 0.95 billion from the Directorate of Geology and Mining, Government of Uttarakhand, for enabling digital transformation and installing surveillance systems.
Moving to 2025, ITI’s expansion continued with a series of technology-driven contracts. In January 2025, ITI secured contracts in the education and ICT sectors, such as a Rs 0.35 billion Wi-Fi and LAN project at Sambalpur University in Odisha, ensuring seamless connectivity across the campus, and a Rs 0.29 billion integrated security system for Central Railway in Mumbai, involving the installation of over 1,400 surveillance cameras at major railway stations. Similarly, in July, the company won orders worth Rs 0.88 billion in Odisha and Chhattisgarh. These included a CCTV surveillance and traffic signal system for the Cuttack Development Authority, featuring advanced analytics and automatic number plate recognition technology, as well as GIS-based land intelligence management systems for property mapping and urban planning in Cuttack. These projects showcased ITI’s capabilities in urban safety, smart city solutions and digital land management.
Financial and annual results
In FY 2025, ITI Limited demonstrated notable financial progress, marked by a substantial increase in revenue alongside a significant reduction in net losses. The company reported consolidated revenues of approximately Rs 10.45 billion for the fourth quarter, reflecting a robust year-on-year growth of nearly 73.91 per cent.
Despite this revenue growth, ITI continued to face challenges related to higher raw material costs and increased inventory levels (pegged at Rs 2.31 billion in March 2025), which contributed to a rise in total expenses. For the fourth quarter (Q4) of FY 2025, the total expenses stood at about Rs 11.48 billion, up 35 per cent from the previous year. The company incurred a net loss of Rs 2.14 billion during the year ended March 31, 2025, with its current liabilities being more than its current assets. ITI’s earnings per share (EPS) improved, with a basic and diluted EPS of approximately Re 0.05, compared to Rs 2.49 in the previous year.
In sum
In summary, ITI Limited’s BharatNet journey has progressed from executing major Phase II projects in Gujarat and Maharashtra to securing a leadership position in Phase III contracts across diverse geographies, including Himachal Pradesh, West Bengal, Andaman & Nicobar Islands and the north-eastern states. The years 2024 and 2025 have been particularly transformative, with ITI emerging as a cornerstone in the government’s broadband expansion strategy, driving digital empowerment through robust middle-mile network infrastructure and operational excellence.
In terms of financial health, ITI Limited’s financial results in 2025 highlight a positive trajectory, marked by strong revenue growth, effective expense control and a reduction in losses. These trends indicate the company’s growing presence in the telecom and technology sectors as it continues to capitalise on government projects and diversify its business portfolio.
