Tejas Networks sees strong growth, strategic investments amid revenue surge

Tejas Networks reported a significant increase in revenue, growing approximately ninefold between FY23 and FY25, primarily driven by large projects like BSNL 4G and BSNL MAAN. Revenue from operations reached INR 8,923 Cr in FY25, though it dipped to INR 464 Cr in H1FY26. The company’s order book stood at INR 1204 Cr at the end of Q2-FY26, with 93% from India and 7% international. This growth underscores strong execution in key domestic projects.

The company is making substantial investments in future growth, with gross R&D expense totaling approximately INR 1,200 Cr over FY23-FY25, over 60% of which was capitalized. Total headcount increased by about 70% since FY23, with over 70% of employees dedicated to R&D. Tejas Networks also noted 587 global patents filed as of H1FY26, with 364 patents granted as of Q2-FY26, showcasing a strong focus on innovation.

Strategically, Tejas Networks is expanding its product portfolio for the AI era, including investments in 5G-Adv/6G, Edge AI, and AI data center products. Partnerships with NEC and Rakuten are aimed at expanding global market reach, alongside active contributions to emerging standards. The company anticipates continued growth from new opportunities in wireless, including BSNL's 4G/5G upgrade and private telco networks, and wireline, such as BharatNet Phase-III and network modernization deals in North America.