MichaelWhite3 at 09:15, 14 January 2026

2026-01-14T09:15:56Z

->Ptrnext: /* Business acquisition */

2021-12-28T00:44:55Z

Business acquisition

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{{Short description|Indian multinational technology company}}
{{Use dmy dates|date=November 2019}}
{{Use Indian English|date=November 2019}}
{{Infobox company
| name = Sterlite Technologies Limited
| logo = Sterlite Technologies Limited.png
| logo_caption =
| image =
| image_size =
| type = [[Public company|Public]]
| trade_name = STL
| traded_as = {{unbulleted list|{{BSE|532374}}|{{NSE|STRTECH}}}}
| ISIN = INE089C01029
| predecessor =
| successor =
| founder = [[Anil Agarwal (industrialist)|Anil Agarwal]]
| defunct =
| fate =
| area_served = Worldwide
| key_people = {{plainlist|
*[[Anil Agarwal (industrialist)|Anil Agarwal]]
*Pravin Agarwal
*Ankit Agarwal <br>{{small|([[Managing Director]])}} <ref>{{cite web|title=STL appoints Ankit Agarwal Managing Director|website = [[Bloomberg News]]|url=https://www.bloomberg.com/markets/stocks?blocklist=18227386|archive-date=9 October 2021|url-status=live}}</ref>
*K S Rao
* Paul Atkinson
* Chris Rice
* Praveen Cherian
* Raman Venkatraman}}
| industry = {{Unbulleted list|[[Telecommunications industry|Telecommunications]]|[[Technology company|Technology]]|[[Datacenter]]s|[[VPN|Virtualized Networks]]|[[Network equipment]]}}
| genre =
| products = {{plainlist|
*[[Optical fiber]]
*[[Fiber optic cable]]s
*[[Structured cabling|Structured data cables]]
*[[Network services]]
*[[Network software]]
*[[Access Solution]]}}
| services = Optical fibre infrastructure, passive infrastructure, access networks, metro, FTTH, wi-fi, IBS, optics & MPLS core network, enterprise services, fixed broadband, telecom software
| foundation = {{Start date and age|1988}}<ref>{{cite web|url=https://www.sterlitetech.com/corporate-profile.pdf |title=Corporate profile |publisher=sterlitetech.com |access-date=5 October 2010}}</ref>
| location_city = [[Mumbai]], [[Maharashtra]]
| location_country = India<ref>{{cite web|url=https://www.stl.tech/contact-us.php|title=Contact Us {{!}} STL Tech |publisher=stl.tech |access-date=15 December 2021}}</ref>
| revenue = {{profit}} {{INRConvert|50870|m}}<ref name="bseindia1">{{cite web|url=http://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=532374 |title=BSE Plus |publisher=Bseindia.com |access-date=5 October 2010}}</ref>
| operating_income = {{profit}} {{INRConvert|2461|m}}<ref name="bseindia1"/>
| net_income =
| aum =
| assets =
| equity =
| owner =
| num_employees =
| parent =
| divisions =
| subsid = ClearCom
| website = {{URL|www.stl.tech}}
| footnotes =
| caption =
}}

'''Sterlite Technologies Limited''' (Formerly '''Sterlite Tech''')<ref>https://www1.nseindia.com/live_market/dynaContent/live_watch/get_quote/GetQuote.jsp?symbol=STLTECH</ref> is an Indian [[multinational corporation|multinational]] [[technology company]], headquartered in [[Mumbai]]. It is listed on [[Bombay Stock Exchange]] and [[National Stock Exchange of India]]. It has 636<ref>{{Cite web|url=https://patents.justia.com/assignee/sterlite-technologies-limited|title = Patents Assigned to Sterlite Technologies Limited - Justia Patents Search}}</ref> 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.

STL has also partnered with other industry entities to design, build and manage such cloud-native software-defined network. It also has offices in China, US, SEA, Europe and MEA. It has facilities in [[India]], [[Italy]], [[China]] and [[Brazil]] and two software-development centres. To give a boost to Indian government make in India initiative, STL recently invested in 5G assembling an ecosystem of partners.<ref>{{Cite web|url=https://telecom.economictimes.indiatimes.com/news/stl-says-investing-in-5g-to-develop-make-in-india-ecosystem/77128059|title = Sterlite Tech says investing in 5G to develop Make in India ecosystem - ET Telecom}}</ref>

It has the first optical fiber cable plant in India to receive [[zero waste]] to [[landfill]] certification<ref>{{Cite web|url=https://www.asianage.com/technology/in-other-news/040319/sterlite-tech-is-1st-ofc-plant-in-india-to-receive-zero-waste-to-landfill-certification.html|title=Sterlite Tech is 1st OFC plant in India to receive Zero Waste to Landfill certification|date=2019-03-04|website=The Asian Age|access-date=2019-09-24}}</ref>

== Business acquisition ==

* On 24 September 2015, Sterlite Technologies Limited acquired Elitecore Technologies in an all cash deal worth {{INR}}180 crore.<ref>{{Cite web|url=https://www.thehindubusinessline.com/info-tech/sterlite-technologies-buys-elitecore-for-rs-180-crore/article7681525.ece|title=Sterlite Technologies buys Elitecore for Rs 180 crore|website=@businessline|language=en|access-date=2020-03-25}}</ref>
* On 20 July 2018, Sterlite Technologies Limited subsidiary Sterlite Global Venture acquired [[Metallurgica Bresciana]] in an all cash deal worth €47 million.<ref>{{Cite news|url=https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/sterlite-tech-arm-completes-acquisition-of-metallurgica-bresciana/articleshow/65100540.cms|title=Sterlite Tech arm completes acquisition of Metallurgica Bresciana|date=2018-07-23|work=The Economic Times|access-date=2020-03-25}}</ref>
* On 26 September 2019, Sterlite Technologies Limited subsidiary Sterlite Global Venture acquired Impact Data Solutions (IDS) Group for an enterprise value of $15 million.<ref>{{Cite web|url=https://www.financialexpress.com/industry/sterlite-technologies-acquires-uk-based-ids-group/1717703/|title=Sterlite Technologies acquires UK-based IDS Group|date=2019-09-26|website=The Financial Express|language=en-US|access-date=2020-03-25}}</ref>
* On 9 January 2020, Sterlite Technologies Limited acquired 12.8% stake in Israel-based [[ASOCS]].<ref>{{Cite web|url=https://www.thehindubusinessline.com/markets/stock-markets/sterlite-technologies-shares-rise-350-on-stake-buy-in-israel-based-asocs/article30531186.ece|title=Sterlite Technologies shares rise 3.50% on stake buy in Israel-based ASOCS|website=@businessline|language=en|access-date=2020-03-25}}</ref>
*On 2 November 2020, Sterlite technologies Limited acquired 100% stake in Optotec S.p.A, a leading optical interconnect company at an enterprise value of €29 million.

== Geographical presence ==
STL has 20+ sales and marketing offices, 6 manufacturing units and state of the art development centres across the world as of March 31, 2018, with major presence in India, United States, China, Brazil, Italy, Middle East and Europe<ref>{{Cite web|url=https://www.stl.tech/about_us|title=Transmission Network Provider enabling Bharatnet - STL|website=stl.tech|access-date=2019-09-24}}</ref>>

== 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<ref>{{Cite web|url=http://xiaomi.dailyhunt.in/news/india/hindi/voice+and+data-epaper-voicdata/creating+value+in+everyday+life+stl+s+csr+journey-newsid-133640670?pgs=N&pgn=0&mode=wap&|title=Creating Value in Everyday Life STL's CSR Journey - VOICE and DATA {{!}} DailyHunt Lite|website=Dailyhunt|language=en|access-date=2019-09-24}}</ref>

'''Medical Mobile Unit (MMU)'''

STL initiated MMU programme in partnership with Indian red cross society across 24 remote villages<ref>{{Cite web|url=https://www.stl.tech/blog/sterlite-tech-magic-medical-van/|title=Sterlite Tech's Magic Medical Van|last=Admin|date=2019-02-21|website=STL Blog|language=en-US|access-date=2019-09-24}}</ref>

== Awards and Recognitions ==

* In 2019, STL is awarded at ET CIO annual conclave<ref>{{Cite web|url=https://cio.economictimes.indiatimes.com/news/corporate-news/winners-of-etcio-annual-conclave-2019/68351574|title=Winners of ETCIO Annual Conclave 2019 - ET CIO|last=www.ETCIO.com|website=ETCIO.com|language=en|access-date=2019-09-24}}</ref>

== Controversies ==

In 2002, Sterlite Technologies Limited was the subject of a major lawsuit,<ref>[http://www.ofsoptics.com/press_room/view_press_release.php?txtID=136 www.ofsoptics.com press release]</ref> 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.<ref>{{Cite web|url=https://www.prnewswire.com/news-releases/ofs-and-sterlite-settle-lawsuit-81345622.html|title=OFS and Sterlite Settle Lawsuit|last=OFS|agency=PR Newswire|language=en|access-date=2019-11-04}}</ref>

Sterlite Technologies Limited was cited<ref>[http://164.100.24.208/debate/debtext.asp?slno=3258&ser=&smode=]</ref> in an Indian parliamentary discussion of government purchasing irregularities.

==References==
{{reflist}}

==External links==
*[https://www.sec.gov/Archives/edgar/data/1370431/000114554906001634/u92827bfv1za.htm#105 Amended F-1 registration statement] for Sterlite Industries (India) Limited filed with the U.S. [[Securities and Exchange Commission]]

{{Vedanta Resources}}
{{Glass makers and brands}}

[[Category:Glassmaking companies of India]]
[[Category:Electronics companies of India]]
[[Category:Companies based in Pune]]
[[Category:Indian companies established in 1988]]
[[Category:Indian brands]]
[[Category:1988 establishments in Maharashtra]]
[[Category:Manufacturing companies established in 1988]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

Sterlite Technologies - Revision history

MichaelWhite3 at 09:15, 14 January 2026

->Ptrnext: /* Business acquisition */