AKSH OPTIFIBRE LTD

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BSE Code: 532351       NSE Code: AKSHOPTFBR

Business Profile
Business Profile
Aksh Optifibre (AKSHOPTFBR) is engaged in the manufacture of optic fibers and optic fiber cables. It was incorporated in March 1986 as a private limited company and in March 1994, it became a public limited company. Earlier known as Aksh India, it got its present name on May 16, 2000.

The ISO 9001:2000 certified company produces a variety of cables such as single-mode and multi-mode cables, duct cables, armored and aerial cables, indoor and outdoor cables, fiber optic cables, optical fiber and fiber reinforced plastic (FRP) rods. Two plants are located at Bhiwadi, and one at Reengus in Rajasthan with annual installed capacities of 500,000 Km FRP, 75 Km proof cables, 1.45 million FKM optical fiber, 81,000 CKM optical fiber cable, and preforms for 1.08 million FKM.

The company has recently developed a new cost-effective concept called Fibre-to-Home through which they expect to revolutionize the IT and telecom industry completely. It`s a concept that would bring wireless voice, audio, video and Internet direct to home. Set-top boxes would be manufactured in India from 2007 and internet protocol television (IPTV) operations would be expanded to metros in the next couple of years. An agreement is in place with Mahanagar Telephone Nigam (MTNL) for providing voice over internet protocol (VOIP) service on the broadband network of MTNL in Delhi and Mumbai. It entered into an agreement for three years with Eros International, Dubai, one of the leading home video companies with worldwide network for distribution of Bollywood movies for the IPTV project. APAKSH Broadband is a subsidiary company.

The registered office of the company is at F-1080, RIICO Industrial Area (Phase III), Bhiwadi-301019, Rajasthan.

Financials
The company announced that loss for the quarter ended in March 2009 has widened. Net sales for the quarter declined 8.08% to Rs 441.36 million, while total income for the quarter dipped 7.60% to Rs 445.51million, when compared with the prior year period. It posted earnings of Rs 2.26 a share during the quarter, registering 0.00% decline over previous year period.

Recent Developments
29-SEP-08
The company has entered into three year agreement with Sony Pictures Entertainment to bring Hollywood content for icontrol (Aksh`s IPTV Service) to provide the best possible entertainment to the viewers.

29-AUG-08
The company in association with Bharat Sanchar Nigam (BSNL), announced the launch of its Internet protocol television (IPTV) brand, iControl, in Kukus of Jaipur district, the first IPTV ever to be launched in rural India.

28-JUN-08
The company and state-run MTNL have launched Internet Protocol Television (IPTV), which could be viewed without any broadband connection.The company has rolled out the service under the brand name of `icontrol` in Mumbai and Delhi.

The company has planned to invest Rs 1,500 million on its IPTV and voice over internet protocol platform.

14-MAY-08
Aksh Optifibre is planning to separate its two manufacturing and services businesses into separate companies. The separating process will take around six to eight months. However, Aksh is yet to decide whether both the companies will public listed companies or whether one will be a subsidiary of the other.

17-APR-08
Aksh Optifibre`s board has approved the preferential issuance of upto 1 million equity shares and 1 million warrants convertible into equity shares of Rs 5 each at a price of Rs 63 or a price determined by SEBI, subject to approval of shareholders in the general meeting.

02-APR-08
Aksh Optifibre entered into an agreement for three years with Eros International, Dubai, one of the leading home video companies with worldwide network for distribution of Bollywood movies for the IPTV project of the company. Eros will provide the filmed entertainment content through video on demand and 24 hours Eros branded linear channel of film entertainment, music, videos, new film promos, comedy scenes and other features. Subscribers can access the library of Eros movies through subscription video on demand.

24-MAR-08
Aksh Optifibre announced on Monday the company in association with MTNL launched the IPTV services, IPTV-Aksh-Tel in Mumbai and video phone calling services, V Spyk services in Mumbai & Delhi on Mar. 20, 2008.

20-MAR-08
Optical cable maker Aksh Optifibre and state-run MTNL have jointly launched IPTV - A Tel and Video Phone Calling Services- V Spyk on March 20 in Mumbai.

Other Information
Annual Reports for AKSH OPTIFIBRE LTD
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2022-23
2021-22
2020-21
2019-20
2018-19
2017-18
2016-17
2015-16
2014-15
2013-14
2012-13
2011-12
2010-11
2009-10
2008-09
2006-07
2005-06
2004-05
2003-04
2002-03
2001-02
2000-01
1999-00
1998-99

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