Can you please confirm the source for point- Airtel and Vi are using Tejas products.
Few observations-
a. Management was claiming that they will scale International business as most of the service providers will need to change the backend infra to adopt 4G/5G as the mid mile infra was on Wireless only. Now even after 2-3 years there is no scale in operations in International business
b. In India they received orders for Bharatnet project but there were some issues in implementation and BSNL was not ready to clear the payments. Management was not transparent in disclosures. Still they have not received the entire money which was stuck
c. The Indian Service Providers were also expanding in last few years but they were not giving business to Tejas and mostly relying on Chinese-Taiwanese brands. Tejas could not get the chunk of that business. If the products manufactured by Tejas were robust and cost effective then the Indian SPs should have been their customers
d. The stake buy from Tata’s have triggered the stock rally but on ground numbers are still not visible
Disc: Was invested in Tejas Networks till few years ago. Sold the holdings at loss
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