Sterlite Technologies

STL - Sterlite Technologies Limited (Formerly Sterlite Tech) NSE: STRTECH[4] formed in 1988 is a digital technology company with offices in India, China, US, SEA, Europe and MEA. It is listed on Bombay Stock Exchange and National Stock Exchange of India . It has 358[5] patents and is active in over 150 countries.

Sterlite Technologies Limited
STL
Public
Traded as
ISININE089C01029
Industry
Founded1988 (1988)[1]
FounderAnil Agarwal
Headquarters
Pune, Maharashtra
,
India[2]
Area served
Worldwide
Key people
Anil Agarwal, Anand Agarwal, Pravin Agarwal, Ankit Agarwal, Anshoo Gaur
ProductsOptical Fiber, Fiber Optic Cables, Structured Data Cables, Network Services, Network Software
ServicesOptical Fibre Infrastructure, Passive infrastructure, Access Networks, Metro, FTTH, Wi-Fi, IBS, Optics & MPLS Core Network, Enterprise Services, Fixed Broadband, Security Services Managed Services, Telecom Softwares
Revenue ₹50,870 million (US$710 million)[3]
₹2,461 million (US$35 million)[3]
Websitewww.stl.tech

The company is specialized in optical fiber and cables, hyper-scale network design, and deployment and network software and offer bespoke integrated solutions for global data networks of CSPs, Telcos and OTTs. STL has also partnered with global telecom companies, cloud companies, citizen networks and large enterprises to design, build and manage such cloud-native software-defined network. It has strong global presence with next-gen optical preform, fibre and cable manufacturing facilities in India , Italy , China and Brazil and two software-development centres.

It has the first optical fiber cable plant in India to receive zero waste to landfill certification[6]

Business acquisition
  • On 24 September 2015, Sterlite Technologies Limited acquired Elitecore Technologies in an all cash deal worth Rs 180 crore.[7]
  • On 20 July 2018, Sterlite Technologies Limited subsidiary Sterlite Global Venture acquired Metallurgica Bresciana in an all cash deal worth €47 million.[8]
  • On 26 September 2019, Sterlite Technologies Limited subsidiary Sterlite Global Venture acquired Impact Data Solutions (IDS) Group for an enterprise value of $15 million.[9]
  • On 9 January 2020, Sterlite Technologies Limited acquired 12.8% stake in Israel-based ASOCS.[10]

Geographical Presence

STL has 20+ sales and marketing offices, 6 manufacturing units and state of the art development centres a across the world as of March 31, 2018, with major presence in India, United States, China, Brazil, Italy, Middle East and Europe[11]>

Initiatives

Jeewan Jyoti Women Empowerment Programme (JJWEP)

In 2014, STL established the Jeewan Jyoti Women Empowerment Programme (JJWEP), to bring about gender equality, create decent work opportunities, economic growth, and thus, alleviation of poverty in several villages[12]

Medical Mobile Unit (MMU)

STL initiated MMU programme in partnership with Indian red cross society across 24 remote villages[13]

Awards and Recognitions
  • In 2019, STL is awarded at ET CIO annual conclave[14]

In 2002, Sterlite Technologies Limited was the subject of a major lawsuit,[15] by Fitel USA, a subsidiary of Furukawa Electric charging Sterlite Technologies Limited with infringement of a number of optical fiber patents including those related to manufacturing fiber with low polarization mode dispersion. This lawsuit was settled in Jan 2010.[16]

Sterlite Technologies Limited was cited[17] in an Indian parliamentary discussion of government purchasing irregularities.

References
  1. "Corporate profile" (PDF). sterlitetech.com. Retrieved 5 October 2010.
  2. ":: Sterlite Tech - Contact Us ::". Sterlitetech.com. Retrieved 5 October 2010.
  3. "BSE Plus". Bseindia.com. Retrieved 5 October 2010.
  4. https://www.nseindia.com/live_market/dynaContent/live_watch/get_quote/GetQuote.jsp?symbol=STRTECH
  5. https://patents.justia.com/assignee/sterlite-technologies-limited
  6. "Sterlite Tech is 1st OFC plant in India to receive Zero Waste to Landfill certification". The Asian Age. 4 March 2019. Retrieved 24 September 2019.
  7. Bureau, Our. "Sterlite Technologies buys Elitecore for Rs 180 crore". @businessline. Retrieved 25 March 2020.
  8. "Sterlite Tech arm completes acquisition of Metallurgica Bresciana". The Economic Times. 23 July 2018. Retrieved 25 March 2020.
  9. "Sterlite Technologies acquires UK-based IDS Group". The Financial Express. 26 September 2019. Retrieved 25 March 2020.
  10. "Sterlite Technologies shares rise 3.50% on stake buy in Israel-based ASOCS". @businessline. Retrieved 25 March 2020.
  11. "Transmission Network Provider enabling Bharatnet - STL". www.stl.tech. Retrieved 24 September 2019.
  12. "Creating Value in Everyday Life STL's CSR Journey - VOICE and DATA | DailyHunt Lite". Dailyhunt. Retrieved 24 September 2019.
  13. Admin (21 February 2019). "Sterlite Tech's Magic Medical Van". STL Blog. Retrieved 24 September 2019.
  14. www.ETCIO.com. "Winners of ETCIO Annual Conclave 2019 - ET CIO". ETCIO.com. Retrieved 24 September 2019.
  15. www.ofsoptics.com press release
  16. OFS. "OFS and Sterlite Settle Lawsuit". www.prnewswire.com. Retrieved 4 November 2019.
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