Sterlite Technologies Limited (Formerly Sterlite Tech) is an Indian multinational

technology company A technology company (or tech company) is an electronics-based technological company, including, for example, business relating to digital electronics, software, and internet-related services, such as e-commerce services. Details According to ''Fo ...

, headquartered in

Mumbai Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second- ...

. It is listed on

Bombay Stock Exchange BSE Limited, also known as the Bombay Stock Exchange (BSE), is an Indian stock exchange. It is located on Dalal Street in Mumbai. Established in 1875 by cotton merchant Premchand Roychand, a Jain businessman, it is the oldest stock exchange in ...

and

National Stock Exchange of India National Stock Exchange of India Limited (NSE) is the leading stock exchange under the ownership of various group of domestic and global financial institutions, public and privately owned entities and individuals. It is located in Mumbai, Mah ...

. It has 636 patents and is active in over 150 countries. The company is specialized in

optical fiber An optical fiber, or optical fibre in Commonwealth English, is a flexible, transparent fiber made by drawing glass (silica) or plastic to a diameter slightly thicker than that of a human hair. Optical fibers are used most often as a means to ...

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 India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...

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and

Brazil Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area ...

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. It has the first optical fiber cable plant in India to receive

zero waste Zero waste is a set of principles focused on waste prevention that encourages redesigning resource life cycles so that all products are reused. The goal of this movement is to avoid sending trash to landfills, incinerators, or the ocean. Curren ...

landfill A landfill site, also known as a tip, dump, rubbish dump, garbage dump, or dumping ground, is a site for the disposal of waste materials. Landfill is the oldest and most common form of waste disposal, although the systematic burial of the waste ...

certification

Business acquisition

* On 24 September 2015, Sterlite Technologies Limited acquired Elitecore Technologies in an all cash deal worth 180 crore. * On 20 July 2018, Sterlite Technologies Limited subsidiary Sterlite Global Venture acquired Metallurgica Bresciana in an all cash deal worth €47 million. * On 26 September 2019, Sterlite Technologies Limited subsidiary Sterlite Global Venture acquired Impact Data Solutions (IDS) Group for an enterprise value of $15 million. * On 9 January 2020, Sterlite Technologies Limited acquired 12.8% stake in Israel-based

ASOCS ASOCS Ltd. is a privately held company,a developer of on-premise cloud solutions for industries such as retail, real estate, hospitality, health, sports and entertainment. ASOCS is also collaborating with mobile network carriers to support the mo ...

. * 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

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 Medical Mobile Unit (MMU) 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

Controversies

In 2002, Sterlite Technologies Limited was the subject of a major lawsuit, by Fitel USA, a subsidiary of

Furukawa Electric is a Japanese electric and electronics equipment company. The company was founded by Furukawa Ichibei in 1884 in Yokohama when a copper-smelting facility and a wire manufacturing factory were established. Furukawa was a Japanese businessman wh ...

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.

References

External links

Amended F-1 registration statement
for Sterlite Industries (India) Limited filed with the U.S.

Securities and Exchange Commission The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market ...

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