This civil engineer hails from Vavasi at Dharwad district in Karnataka. “We have no turnover as such as we are an R&D set up,” he informs coolly, adding that the group employs about 80 people. The company has two major arms—telecom and renewable energy. It has two telecom firms, namely, Vavasi Telegence and Next Generation Telecommunications India. “We are conducting next-generation (NGN) trials with the government of India in Bhopal. We want the NGN technology to emerge out of India, as GSM came out of Europe,” says Mr Arifuddin. Vavasi Telegence had applied for a universal service access licence in 2007, but is yet to receive it.
...Although he says that the company was started 10 years ago, it was registered only in 2001 under the Registrar of Companies (RoC), Delhi as Vavasi Telegence Pvt Ltd.... Its renewable energy arm is planning an integrated silicon complex in Rajasthan to produce solar photovoltaic cells, Mr Arifuddin says.
Arun Natarajan is the Founder & CEO of Venture Intelligence, the leading provider of data and analysis on private equity, venture capital and M&A deals in India. View free samples of Venture Intelligence newsletters and reports. Email the author at email@example.com