STL - Sterlite Technologies Limited NSE: STRTECH 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 patents and is active in over 150 countries. 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
Business acquisition
On 24 September 2015, Sterlite Technologies Limited acquired Elitecore Technologies in an all cash deal worth Rs 180 crore.
On 26 September 2019, Sterlite Technologies Limited subsidiary Sterlite Global Venture acquired Impact Data Solutions Group for an enterprise value of $15 million.
On 9 January 2020, Sterlite Technologies Limited acquired 12.8% stake in Israel-based ASOCS.
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>
Initiatives
Jeewan JyotiWomen Empowerment Programme In 2014, STL established the Jeewan Jyoti Women Empowerment Programme, to bring about gender equality, create decent work opportunities, economic growth, and thus, alleviation of poverty in several villages Medical Mobile Unit STL initiated MMU programme in partnership with Indian red cross society across 24 remote villages
Awards and Recognitions
In 2019, STL is awarded at ET CIO annual conclave
In 2002, Sterlite Technologies Limited was the subject of a major lawsuit, 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. Sterlite Technologies Limited was cited in an Indian parliamentary discussion of government purchasing irregularities.
