Saturday, December 4, 2021

HFCL expands global business, appoints two industry leaders to further strengthen worldwide presence

 HFCL Limited (HFCL), the leading enterprise and integrated next-gen communication product and solution provider today announced appointment of two industry veterans in its two recently incorporated wholly owned subsidiaries in USA and Netherlands to bolster its international presence and unleash non-linear growth for the Company in the global markets.

 

HFCL is one of the leading player in Optical Fiber and Cable Business in India with significant manufacturing capacity and deploying the largest telecom networks in the Country. It also has business presence in over 30 countries across the globe. With an aim to garner scale globally and substantially increase its international business, HFCL has onboarded Dr. Peter A Weimann as the CTO and Mr. Jochen Arms as the Vice President – Sales (DACH Europe) for the Optical Fiber & Cable (OFC) business.

 

With more than two decades of technology experience and holder of multiple patents and recipient of technology awards, Dr. Peter A Weimann will be the CTO for the Optical Fibre and Cable Business of HFCL Group. Dr Weimann has led development activities for multiple cable products from design to manufacture, fiber qualification and evaluation, material specifications for new products and applications and brought to market latest technologies in optical fiber cables for varied applications. Dr. Weimann is a Ph.D. from University of Minnesota and has a BS in Engineering from University of Pennsylvania. Prior to joining HFCL, Dr. Weimann was the Director of Optical Cable R&D for OFS Fitel LLC. In his charter as the CTO, Dr. Weimann will lead HFCL’s global foray into new generation OFC products across different industry applications. 

 


Mr. Jochen Arms
 will be the Vice President – Sales for the European DACH Region and lead the sales and business development for HFCL Group’s Optical Fiber and Cable products across industry segments for the region. Mr. Arms has held several sales leadership positions for industry leading companies such as Prysmian, Corning and Fujikura. He is also a member of the FTTH council in Brussels, and of the Market Intelligence Committee. A linguist who speaks multiple European languages, Mr. Arms has addressed several conferences and forums on Broadband and Telecom industries.

 






Commenting on strengthening the global leadership team, Mr. Mahendra Nahata, Managing Director, HFCL said, “HFCL is a leading technology enterprise in India manufacturing a range of products in optical fibre cable (“OFC”), optical fibre, cable accessories and telecom equipment, and is also one of the largest integrated telecom network providers in India. We are excited to welcome Dr. Peter Weimann and Mr. Jochen Arms as members of our global leadership team to provide further impetus to our international business. With their addition and our new investments in product development, HFCL is geared up to capitalise on the upcoming growth opportunity in the decade of digital transformation that we are seeing across industry verticals. We will move one step closer towards our mission to provide cost effective, futuristic end-to-end telecom solutions to our customers globally.”

 


On his appointment, Dr. Peter Weimann, CTO for OFC Business, HFCL said, “Recently, HFCL has made many technical advances in Optical Fiber and Cable development and is making significant investments to build the product development infrastructure. I am excited to join the HFCL team and lead the product development efforts in the OFC business.”

Jochen Arms, Vice President - Sales for OFC Business (DACH region, Europe), HFCL said, “HFCL already is a pan-Europe player in the OFC business and has very ambitious plans to grow the business and expand into all new areas of Optical Fiber and Cable. I am excited to lead the Sales and Business development efforts of HFCL in the Europe region.”

 


About HFCL

HFCL Limited is a leading technology enterprise engaged in manufacturing of high-end Transmission and Access Equipment, Optical Fiber, Optical Fiber Cables (OFC) and is specialized in setting up modern communication network for Telecom Service Providers, Railways and Defence.

The Company has state-of-the-art Optical Fiber and Optical Fiber Cable manufacturing facilities at Hyderabad, Optical Fiber Cable manufacturing plant in Goa and in its subsidiary i.e. HTL Limited at Chennai along with FRP Rod manufacturing facility in its subsidiary at Hosur.

The Company’s in-house Centre for Excellence in Research located at Gurgaon & Bengaluru along with invested R&D Houses and other collaborators at different locations in India and abroad, innovate futuristic range of technology products and solutions. Some of the newly developed products through R&D are Wi-Fi Systems, Unlicensed Band Radios, Switches, Electronic Fuses, Electro optic devices, and Video Management Systems. There is a suite of products under development, which include Software Defined Radios, Routers, PON, 5G Transport and RAN products, Wi-Fi 5 and 6 access points, Point-to-multipoint Radios and Ground Surveillance Radars among others.

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Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face value of ₹10 each Fresh Issue Size - Up to 98,97,000 Equity Shares OFS size - Up to 13,50,000 Equity Shares Total Size - ₹ 150.71 Crore (At Upper Price Band) Price Band - ₹ 126 - ₹ 134 per share Lot Size – 111 Equity Shares Mumbai, September 21, 2026 - Adroit Industries (India) Limited is a vertically integrated manufacturer of propeller shafts and torque-transmission components with over four decades of operational experience, serving automotive, primarily commercial vehicles, and non-automotive applications, including defence and emergency services, heavy equipment and off-highway machinery and industrial equipment across more than 32 countries, proposes to open its Initial Public Offering on Wednesday, September 23, 2026 aiming to raise ₹ 150.71 Crores (At Upper Price Band), with shares to be listed on the BSE & NSE. The offer size is up to 1,12,47,000 Equity Shares with a face value of ₹10 each with a price band of ₹126 - ₹134 Per Share. Equity Share Allocation QIB Portion – Not more than 50.00% of the Offer Non-Institutional Investors - Not less than 15.00% of the Offer Retail Individual Investors - Not less than 35.00% of the Offer The net proceeds from the IPO will be utilized for funding capital expenditure by the company towards procurement of machinery and equipment for enhancement of operations at the Dewas Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in its subsidiary Adroit Driveshafts Private Limited for capital expenditure towards machinery and equipment at the Pithampur Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in the subsidiary for repayment or pre-payment, in full or in part, of certain outstanding borrowings availed by it, and general corporate purposes. The anchor bidding is on Tuesday, September 22, 2026. The offer will open on Wednesday, September 23, 2026 and will close on Friday, September 25, 2026. The Book Running Lead Manager to the Offer is Choice Capital Advisors Private Limited and the Registrar is Bigshare Services Private Limited. Mr. Saurabh Sangla, Chairman and Managing Director of Adroit Industries (India) Limited “expressed, The upcoming IPO marks a new phase for the Company. Over the years we have built vertically integrated capabilities spanning forging, precision machining, heat treatment, assembly, balancing and testing, and expanded our portfolio to over 5,000 SKUs of driveline components supplied to customers in more than 32 countries. Going forward, our focus will be on strengthening capacity across our manufacturing facilities, improving operational efficiency, deepening engagement with the Distributors, OEMs and Tier-1 customers across our export and domestic markets and broadening our automotive and non-automotive applications. The IPO will support our plans as we continue to strengthen the business and pursue long-term growth.” Mr. Ratiraj Tibrewal, Director of Choice Capital Advisors Private Limited said, “Adroit Industries (India) Limited has built an export-led driveline business over four decades, with vertically integrated manufacturing and a diversified customer base across automotive and non-automotive applications. The upcoming IPO marks an important step in the Company’s journey as it enters the public markets. We believe the Company’s integrated manufacturing capabilities, long-standing customer relationships and expanding product portfolio provide a foundation for its next phase of growth. We are pleased to be associated with Adroit Industries (India) Limited as it takes this step towards becoming a publicly listed company.” About Adroit Industries (India) Limited Adroit Industries (India) Limited is a vertically integrated manufacturer and supplier of propeller shafts – also known as drive shafts or cardan shafts – and related torque-transmission components. Its portfolio spans over 5,000 SKUs of driveline components, including propeller shaft assemblies, yokes, shafts, companion flanges, universal joints and accessories, supplied to automotive applications, largely commercial vehicles and SUVs, and to non-automotive applications spanning defence and emergency services, heavy equipment and off-highway machinery and industrial equipment. The Company operates three manufacturing facilities in Madhya Pradesh – Dewas Facility i.e for die making and forging processes, Pithampur Facility for machining and assembly, operated by its subsidiary Adroit Driveshafts Private Limited, and Sanwer Road Facility for certain finishing operations– with end-to-end in-house capabilities covering forging, precision machining, heat treatment, assembly, balancing and testing. The facility is certified under IATF 16949, ISO 9001, ISO 14001 and ISO 45001. With operations commencing in 1966, the Company has evolved into an export-led driveline components manufacturer, with 95.39% of Fiscal 2026 product sales derived from outside India across more than 32 countries, supported by a Canadian subsidiary for North American customer engagement, and serving 185 customers in Fiscal 2026 through distributors, Tier-1 driveline component suppliers and OEMs. In FY26, The Company achieved a Revenue from operations of ₹1,399.43 million, EBITDA of ₹387.10 million & PAT of ₹261.58 million. Disclaimer: Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face valu...