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Essay text:
Extensive in-house R&D work is devoted towards specialized areas of Encryption, NMS, IT and Access products to provide complete customized solutions to various customers. The competitors of ITI have been Tata Telecom., Shyam Telecom Ltd., Krome Communications Ltd., Himachal Futuristic Communications Limited. and Bharti Telecommunications.
1.2 PROBLEM FACED BY COMPANY
Since ITI ltd was one of the most prominent companies of its times, the decline of the company was a gradual process and not an impulsive one. ITI, on September 31, 2003, sought consent from its shareholders to inform the Board for Industrial and Financial Reconstruction of the fact that heavy losses had more than halved the company's net worth...
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