Tata-Group stock down over 60% from highs: KhushTech launches India's first D2M feature phone using Tejas Networks' SL-3000 D2M demodulator chip

On Friday, shares of a Tata Group Stock-Tejas Networks Ltd, plunged 1 per cent to Rs 566.15 per share from its previous close of Rs 571.15. The company boasts a significant market capitalisation of over Rs 10,000 crore, underpinned by the backing of the Tata Group. The stock is down over 60 per cent from its all-time high of Rs 1,459.80 per share.

KhushTech Korea Co., Ltd. is set to launch India's first Direct-to-Mobile (D2M) feature phone under the FreeStream brand. This innovative, low-cost device, powered by Tejas Networks Ltd.'s SL-3000 D2M demodulator chip, is designed to operate within the 470-608 MHz broadcast bands. The FreeStream phone, developed in collaboration with Free Stream Technologies (incubated at IIT Kanpur), was recently showcased to Shri Nara Lokesh, Hon’ble IT and Electronics Minister of Andhra Pradesh, by KhushTech's CEO, Eric Shin. The demonstration highlighted its potential to deliver educational content cost-effectively and resiliently in rural areas, leveraging the scalable architecture of the next-generation ATSC 3.0 broadcast standard. D2M technology utilises terrestrial TV broadcast airwaves to deliver IP-based live multimedia content, including TV, video, audio, data, and text messages of public and national importance, directly to phones without requiring Wi-Fi or internet.

Beyond the SL-3000 chipset, Tejas Networks Ltd. has played a crucial role in D2M deployment by developing a comprehensive suite of infrastructure hardware and software products in collaboration with Sinclair Inc., USA. This cutting-edge technology has been undergoing live network testing by Prasar Bharati, in partnership with IIT Kanpur and Tejas Networks Ltd., over the past couple of years, demonstrating its readiness for widespread adoption. Free Stream Technologies, an IIT Kanpur-incubated "Chips to Platform" DeepTech startup, is focused on developing and managing nationwide network infrastructure for D2M broadcast technology. KhushTech Korea Co., Ltd. specialises in Edge technologies for D2M (ATSC3.0) and Display, and is recognised as the first in the world to successfully develop a D2M (ATSC3.0) Feature Phone

About the Company

Tejas Networks Ltd designs and manufactures high-performance wireline and wireless networking products for telecommunications service providers, internet service providers, utilities, defence and government entities in over 75 countries. Tejas Networks Ltd. is a part of the Tata Group, with Panatone Finvest Ltd (a subsidiary of Tata Sons Pvt Ltd) being the majority shareholder.

According to the Quarterly Results (Q1FY26), the company reported net sales of Rs 202 crore and net loss of Rs 194 crore. In its annual results, the company reported net sales of Rs 8,923 crore and net profit of Rs 447 crore.

As of June 2025, the ownership structure reveals promoters hold a 53.73 per cent stake, Foreign Institutional Investors (FIIs) have 6.14 per cent, Domestic Institutional Investors (DIIs) hold 4.72 per cent, and the remaining 35.41 per cent is distributed among government entities, public shareholders, and others. As of June 30, 2025, the company's order book stands at Rs 1,241 crore. This does not include the anticipated BSNL 18,000-site order (Rs 1,500 crore), which is expected to be received shortly. The stock has given multibagger returns of over 750 per cent in just 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.