Domestic telecom gear maker HFCL anticipates that 70% of its revenue from the fiber optic segment and half of its network equipment business will come from exports within the next three years, according to Managing Director Mahendra Nahata. He noted a growing demand for 5G equipment following the widespread installation of 5G mobile towers across India. In addition to fiber optic cables, HFCL that enhances coverage by connecting to base stations.
Nahata explained, “We have two product lines in telecom—telecom equipment and optical fiber. Our goal is that, in three years, 70% of revenue from fiber optics and 50% from telecom equipment will come from exports.” The company is already exporting fiber optic cables to 40 countries and has recently begun exporting telecom equipment as well.
“Key growth drivers for us are new generations of telecom equipment, which we are designing at our R&D center in Bengaluru,” Nahata added. HFCL reported a 46% increase in consolidated revenue, reaching Rs 110.65 crore in the first quarter of the financial year 2024, and closed FY 2023-24 with a revenue of over Rs 4,465 crore.
Nahata also expressed optimism about 6G technology, revealing that HFCL has filed 15 patents related to it. He emphasized India’s emerging leadership in 6G, with the country hosting the International Telecommunication Union’s World Telecommunication Standardization Assembly (WTSA) for the first time. “India will play a crucial role in shaping global 6G standards,” he said.
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In terms of 5G, HFCL has developed several indigenous products, including 5G fixed wireless access (Air Fibre) equipment, which is already being supplied to Indian telecom operators and will soon be exported.
