Tejas Networks Limited, an optical networking equipment manufacturer, has appointed Infosys group CFO Balakrishnan V as an independent director. Balakrishnan is also the senior vice president at Infosys, India’s second largest software exporter.
“I am delighted to welcome Bala to our Board. Bala is a highly respected finance professional and comes with rich experience of building world-class companies”, said Dr. Gururaj “Desh” Deshpande, Chairman of the Board.
Tejas has raised around $70-75 million in funding, and investors reportedly hold nearly a 50% stake in Tejas. Tejas recorded revenues of Rs 234 crore in FY07, up from Rs 128 crore in FY06 and Rs 47 crore in FY05. The company was founded in 2000 by four technology professionals — Sanjay Nayak, Kumar N Sivarajan, Arnob Roy and Deshpande. Tejas was planning to for a public offering before the market crash.