Ananth Technologies

Last updated

Ananth Technologies
Type Private
Industry Aerospace
Founded17 August 1992;30 years ago (1992-08-17) in Hyderabad
FounderSubba Rao Pavuluri
Headquarters39, Ananth Info Park, Phase-II, HITEC City, Madhapur,
Hyderabad, Telangana
,
India [1]
Number of locations
3 (2021)
Area served
Worldwide
Key people
Subba Rao Pavuluri (Chairman and MD)
RevenueIncrease2.svg₹152.71 crore (US$19 million) [2]  (FY20)
Number of employees
700+ [2]  (March 2021)
Divisions
  • Aerospace
  • Geospatial [3]
Subsidiaries SaAn Satellite Networks India
Website ananthtech.com

Ananth Technologies Limited is an Indian aerospace manufacturer that provides hardware and software services. The company manufactures electronics and mechanical subsystems for launch vehicles, satellites, spacecraft payloads, and ground systems. [4] It also builds satellites and provides launch services through a partnership with NewSpace India Limited. Ananth Technologies was established in 1992 and is headquartered in Hyderabad, Telangana. The company also has an office in Thiruvananthapuram, Kerala and a satellite manufacturing facility near Bangalore, Karnataka.

History

Ananth Technologies was incorporated on 17 August 1992 in Hyderabad by Subba Rao Pavuluri, a former employee of the Indian Space Research Organisation (ISRO). Pavuluri was a division head at ISRO when he left in 1991. [5] He explained, "I left midway because of the encouragement they gave me that things can be done in the private sector to serve ISRO and also grow independently". Ananth Technologies was one of the first private sector space companies in India. [6] [7]

Ananth Technologies opened a new satellite manufacturing facility at Aerospace Park in Devanahalli, near Bangalore, Karnataka in February 2020. Pavuluri told The Economic Times that the company had signed deals to build and launch 6 satellites for customers in France and Sweden. He stated that the satellites would weigh between 50 kg and 250 kg each, but did not disclose the names of the customers citing confidentiality. [8] The deal made Ananth Technologies the first private Indian company to build satellites for a foreign customer following the Indian government's decision to permit private sector companies to build satellites and rockets, and offer launch services. [9]

In November 2020, Ananth Technologies established a joint venture named SaAn Satellite Networks India, with United States-based satellite operator Saturn Satellite Networks Inc., to build and launch two NationSat communication satellites. The company will build the two 300–700 kg satellites at its Bangalore facility. Ananth Technologies has an agreement with NewSpace India Limited to launch satellites onboard the ISRO's Polar Satellite Launch Vehicle. [10] [11]

The company's Thiruvananthapuram office worked closely with ISRO on PSLV-C51 which successfully launched on 28 February 2021. Ananth Technologies conducted stage integration and checkout on the PSLV mission, marking the first time that ISRO had contracted a private sector company to undertake the task. [12] [13]

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References

  1. ↑ "About Us". Ananth Technologies. Retrieved 4 November 2021.
  2. 1 2 "Ananth Technologies Limited" (PDF). CARE Ratings. 5 March 2021. Retrieved 4 November 2021.
  3. ↑ "Products & Services". Ananth Technologies. Retrieved 4 November 2021.
  4. ↑ "Start-ups demand regulatory clarity, insurance to make India leading space player". Hindustan Times. 15 September 2021. Retrieved 4 November 2021.
  5. ↑ "A New Crucible of Capitalism". www.inrimt.com. Businessworld. March 1996. Retrieved 4 November 2021.
  6. ↑ Chakrabarti, Angana (26 September 2021). "India's private space sector is rising, but wait for Bezos-like 'joy rides' will be longer". ThePrint. Retrieved 4 November 2021.
  7. ↑ "Ananth Technologies Limited Company Profile". The Economic Times. Retrieved 4 November 2021.
  8. ↑ Pramanik, Ayan. "In a first, Ananth Tech will build 6 satellites for foreign customers". The Economic Times. Retrieved 4 November 2021.
  9. ↑ "Ananth Technologies To Build Foreign-Owned Satellites For The First Time Ever". Inc42 Media. 11 February 2020. Retrieved 4 November 2021.
  10. ↑ Pramanik, Ayan. "Ananth Technologies signs JV to build, launch satellites from India". The Economic Times. Retrieved 4 November 2021.
  11. ↑ "Saturn Establishes a JV with Ananth Technologies to build and launch Nationsat satellites for the Indian Market". www.talksatellite.com. Retrieved 4 November 2021.
  12. ↑ "PSLV launch brings cheer to aerospace firm". The Hindu. 1 March 2021. Retrieved 4 November 2021.
  13. ↑ "Hyderabad-based firm helped in ISRO satellite launch". The New Indian Express. Retrieved 4 November 2021.
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