As a result of the efforts of Manoj Sinha, Minister of State (independent charge) for Communications and most importantly the Modi government, ITI Limited has earned a position in the Top 50 in Fortune India’s ‘The Next 500’ Ranking for year 2019. It figures at the 39th rank on the Fortune India list.
The parameters on which ITI Ltd has been chosen were Revenue, Net Operating income, Profits, Assets, Net Worth, Equity Dividend, and Employee Cost.
The state-owned ITI Limited was established in 1948. The Bengaluru-based maker of telecom gear is independent India’s first public sector undertaking. In its heydays, ITI, which was the principal supplier to government-run telcos BSNL and MTNL, had 30,000-odd
employees.
Fortune India Next 500 is the definitive ranking of India's Next 500 largest corporations. Through this list, Fortune India takes a deep dive into the health and wealth of the country’s largest companies. Like every year, this year too, the rankings have been a mix of stories of success and failure, challenges and opportunities.
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