Latest news with #AnanthTechnologies
The Hindu
30-07-2025
- Business
- The Hindu
Hyderabad-based ATL delivers nine critical sub-systems for NISAR satellite
City-based Ananth Technologies (ATL) announced its proud moment to have played a part in the successful GSLV F-16 launch carrying the NASA-ISRO Synthetic Aperture Radar (NISAR) satellite, which includes critical avionic packages like assembly, integration, and testing for the mission. ATL chairman and managing director Subba Rao Pavuluri said that the company had delivered 14 critical sub-systems such as power modules, telemetry transmitters, stage control electronic units, besides executing the complete electrical integration of the launch vehicle. For NISAR satellite, it has delivered nine critical sub-systems made at its world-class satellite manufacturing facilities. 'ISRO's success inspires all of us in the space eco-system to continue striving for excellence and innovation,' he said, while congratulating the organisation. ATL has been a trusted partner of ISRO for over three decades, contributing in satellite systems, launch vehicle components, and mission-critical technologies. Headquartered in Hyderabad, ATL operates advanced facilities in Thiruvananthapuram for the fabrication, assembly, and testing of launch vehicle sub-systems and satellites. It has contributed to the success of 105 satellites and 85 launch vehicles for India's space programmes, he said in a press release on Wednesday.
Mint
19-07-2025
- Business
- Mint
A video call, obscure bank accounts, ₹6.5 crore stolen—but who's to blame?
Journalists report on many types of stories. But once in a while, a story hits close to home. This week, Mint investigated three shocking cases of digital fraud that led to over ₹23 crore being stolen. We've all heard of digital arrest scams. Some of us, unfortunately, have even been targeted. One case stood out—a high-ranking corporate executive with global degrees and razor-sharp street smarts, who lost more than ₹6 crore to scam callers. The obvious question was—how could this happen? That question led us to Bhondsi, on the fringes of Gurgaon, where investigators were piecing together a maze of shell bank accounts—some linked to students, others to people who had no idea the accounts even existed. This week, a Mint investigation takes you inside the courtroom of India's top consumer grievance authority, which has just received its first responses from the country's two largest private banks. At the heart of the case is a critical question: is India's banking and financial system failing to protect ordinary citizens? The outcome could have far-reaching implications—well beyond what we can imagine today. Read the full story here. The business of birth In another corner of corporate India, venture capitalists (VCs) are turning their attention to a booming new sector: fertility clinics. Across parts of the National Capital Region, neon signs and aggressive sales pitches from a growing number of in-vitro fertilisation (IVF) clinics are hard to miss—all promising to help you 'start a family.' On 18 July, Mint's Sowmya Ramasubramanian and Jessica Jani reported on this rising trend. But there's more to it—investors are now betting big on the sector. Startups are seizing the moment, layering their offerings with tech buzzwords and even pitching at-home, DIY-friendly solutions. Given the social stigma and pressure surrounding infertility in India, there's a large market waiting to be tapped—and venture capital is flowing in fast. Catch Mint's deep dive on how IVF startups have become a hot favourite for VCs. Our great gig in the sky From IVF clinics to outer space, the leap might seem vast—but India's startups are making serious strides in both. Earlier this week, Mint reported on a fast-growing niche for Indian space startups: offering surveillance technologies to the world. And it turns out, we're good at it. Consider Ananth Technologies, a long-time partner of ISRO. Led by former ISRO engineer Subba Rao Pavuluri, the company runs three satellite manufacturing units across Bengaluru, Hyderabad and Thiruvananthapuram. Alongside fulfilling domestic demand, Ananth is now building surveillance satellites for clients in West Asia, Europe, Africa—and even Australia. This momentum has drawn a new generation of startups into the space race. Digantara, led by Anirudh Sharma, is setting up its own satellite assembly line. Bellatrix Aerospace is pivoting from green propulsion to building full-scale surveillance satellites. And GalaxEye, founded by Suyash Singh, is preparing to launch Drishti, a satellite aimed at offering Maxar-style space-based intelligence to global customers. In a world increasingly shaped by geopolitical tensions and digital borders, surveillance satellites are no longer just defence tools—they're strategic assets. And India's space startups are positioning themselves right at the centre of that opportunity. Intrigued? Here's the full saga. India's $280-billion headache Most of us know someone who works at TCS, Infosys, HCLTech, Wipro, or one of their many peers. At the turn of the millennium, these firms were the places to be—hiring at breakneck speed as India cemented its role as the world's back office. Over time, they became indispensable to the smooth functioning of everything from insurance to infrastructure. And yet, you might never know how deeply embedded they are. For instance, health insurer Niva Bupa has relied on Genpact to keep its backend running seamlessly for nearly two decades. But last week brought troubling signs. As five of India's six top IT services companies posted their quarterly results, most offered little cheer on growth—except HCLTech. Why does this matter? Because the $280-billion IT services sector employs over 6 million people, and for years, has absorbed the bulk of India's 1.5 million annual engineering graduates. With the industry now facing one of its steepest slowdowns in years, there's growing concern about job cuts. The rise of AI, analysts say, is only adding to the uncertainty. Read Mint contributor Shelley Singh's take on what this slowdown could mean. And in other news… Tesla has finally arrived in India, with a compact showroom in Mumbai's upscale Bandra-Kurla Complex. It's kicking off sales with the Model Y—an SUV by the company's classification—priced from ₹60 lakh. You can also opt for the 'full self-drive' mode for an additional ₹6 lakh. The catch? There's still no clear answer on where you'd actually use that feature on Indian roads. If that feels a bit steep, there's good news for tech enthusiasts: Airtel has partnered with Silicon Valley AI startup Perplexity to offer its 'Pro' tier free to its 360 million users. Haven't tried it yet? Now's a good time. At the very least, it might just make AI feel a little less daunting. Transformer by Mint is a weekly newsletter that curates the most important developments from India's technology landscape. Each edition tracks how innovation is reshaping the economy, businesses, and everyday life—diving deep into the trends, ideas, and players driving this transformation.
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Business Standard
05-07-2025
- Business
- Business Standard
Ananth Tech set to launch India's first private satellite broadband service
Ananth Tech gets IN-SPACe nod to launch ₹3,000-crore satellite broadband service by 2028, marking India's first private satcom rollout to rival Starlink, OneWeb, and Amazon Kuiper New Delhi In a significant development for India's space and telecommunications sectors, Hyderabad-based Ananth Technologies is set to become the first private Indian company to offer satellite communication (satcom) services using a domestically-built satellite, according to a report by The Economic Times. This marks a shift in the country's space ecosystem, positioning the firm to directly compete with international players such as Starlink (SpaceX), Eutelsat OneWeb, and Amazon's Project Kuiper. The Indian National Space Promotion and Authorisation Centre (IN-SPACe), the space regulator, has granted Ananth Technologies the go-ahead to roll out broadband-from-space services starting in 2028. The company plans to deploy a 4-tonne geostationary (GEO) communication satellite that will deliver a data capacity of up to 100 gigabits per second (Gbps) to users across the country. An initial investment of ₹3,000 crore has been committed to the venture, with scope for further funding depending on demand, the news report said. GEO vs LEO: The technical edge and trade-offs While many global players operate in low earth orbit (LEO) — typically 400 to 2,000 km from Earth — Ananth Technologies will deploy a satellite in geostationary orbit, over 35,000 km above the planet. LEO satellites, like those used by Starlink, Amazon, and OneWeb, complete an orbit every 1–2 hours, allowing for low-latency broadband. In contrast, GEO satellites orbit the Earth once every 24 hours, appearing stationary from the ground. While latency is higher in GEO systems, they offer broader territorial coverage — a single satellite can blanket the entire Indian subcontinent, unlike LEO constellations that require multiple satellites for complete coverage. Starlink inches closer to final approval This would place Starlink on par with other authorised providers such as Eutelsat OneWeb and Jio Satellite. In May, Starlink received the Global Mobile Personal Communication by Satellite (GMPCS) licence, making it the third satcom firm cleared to offer commercial services in the country. Vodafone Idea joins satellite race with AST SpaceMobile tie-up Last month, Vodafone Idea (Vi) announced a strategic alliance with US-based AST SpaceMobile to bring satellite phone services directly to standard smartphones in India. AST SpaceMobile is developing the world's first cellular broadband network operating entirely from space, targeting both commercial and government sectors. "Vi (Vodafone Idea) and AST SpaceMobile Inc. announced a strategic partnership to expand mobile connectivity across India's unconnected regions. AST SpaceMobile made history by placing the first-ever voice and video call from space using a standard mobile phone, a milestone that demonstrates the real-world viability of its advanced technology," Vodafone Idea said in a statement.
Time of India
04-07-2025
- Business
- Time of India
Ananth Tech to offer Satcom via desi satellites
New Delhi: In a first, a private Indian company is set to offer satcom services through a locally-made satellite to users across the country, competing with global giants Starlink, Eutelsat OneWeb, and Amazon Kuiper. Ananth Technologies, which already works with the government in the space domain, secured authorisation from space regulator Indian National Space Promotion and Authorization Centre (IN-SPACe) for starting broadband from space services from 2028. The company is looking to deploy a four-tonne geostationary (GEO) communication satellite that will offer 100 gigabits per second (Gbps) capacity to users. It is planning to invest '3,000 crore in the venture with additional investments planned based on demand. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Elegant New Scooters For Seniors In 2024: The Prices May Surprise You Mobility Scooter | Search Ads Learn More "Earlier, ISRO (Indian Space Research Organisation) used to build, launch and operate communication satellites. But after space reforms, the government has given the authorisation to Ananth Technologies to build, launch and operate the satellite," Subba Rao Pavuluri, founder and CMD of Ananth Technologies told ET. Since the company will be a satellite operator, it may launch more such satellites if the demand arises. Unlike low earth orbit (LEO) satellites, like those of Starlink, OneWeb and Amazon, located 400-2,000 km from Earth's orbit, GEO satellites are placed at over 35,000 km. LEO satellites have an orbital period of 1-2 hours while that of GEO satellites is 24 hours, making the latter appear stationary as they orbit at the same rate of the Earth's rotation. Live Events Latency for GEO satellites is also higher as compared to LEO, making them the latter the preferred choice for high-speed broadband from space, say experts. However, GEO satellites have better territorial coverage and just one satellite can be enough to cover India, unlike LEO satellites, which need a constellation to offer connectivity. The government is encouraging homegrown companies to enter the nascent but growing domestic satcom market. The market currently lacks private sector participation with ISRO catering solely to connectivity needs.
Mint
27-06-2025
- Business
- Mint
India's new space revenue driver: surveillance satellites
New Delhi: India's private space firms may be getting the revenue boost they hoped for: Thanks to geopolitical tensions, several countries have tapped them to build satellites as demand for space-based surveillance grows. Bengaluru-based Ananth Technologies, a long-time engineering partner for the Indian Space Research Organisation (Isro), has been executing an order from Australia for defence surveillance satellites over the past year. Peer Digantara is also part of this contract under the Mission for Australia-India's Technology, Research and Innovation or Maitri programme. Norway, Hungary and Poland, besides nations from West Asia and the global south, are also engaging with multiple Indian space firms, including Adani Defence and Aerospace-backed Alpha Design, according to at least five industry executives Mint spoke with. Most of these countries do not have their own satellite programmes, but changing geopolitical alignments and global tensions have amplified the need for space surveillance. And while revenue generated from such projects has still not reached hundreds of millions of dollars, India's friendly relations are offering local space startups an opportunity to drive growth through such partnerships. Moreover, surveillance satellite giants in the US, such as Boeing, Lockheed Martin and Northrop Grumman, focus mostly on large contracts, according to Chaitanya Giri, space fellow at global think-tank, Observer Research Foundation. Since most of the contracts coming India's way range from $5-25 million per year, Giri said these 'are too small for the American behemoths, but cumulatively could add up to a significant boost for India". Satellite assembly line Ananth Technologies and Digantara will offer end-to-end design and manufacturing of satellites and provide surveillance data to Australia. While neither divulged the exact size of the deals, both said the multi-year pactsare leading to monetization of their business models in India. 'We have three satellite manufacturing and design engineering centres across Hyderabad, Bengaluru and Thiruvananthapuram, where we build and design high-resolution surveillance, imaging and earth observation satellites based on requirements from clients," Subba Rao Pavuluri, chairman and managing director of Ananth Technologies, told Mint. The company has the reputation to back it, having manufactured surveillance satellites for India. These are in orbit and operated by Isro. In FY24, Ananth Technologies, incorporated in 1992, earned operating revenue of ₹270 crore, according to data from the ministry of corporate affairs. Digantara, incorporated six years ago, earned ₹3.2 crore and projects its revenue to increase to ₹250 crore by FY27 on surveillance satellite data and manufacturing contracts. Over ₹100 crore of Digantara's revenue growth is set to come from through its contract with India's ministry of defence, Mint reported on 13 June. Anirudh Sharma, chief executive of the Peak XV-backed startup, is also setting up the company's own satellite assembly line. Mint visited the company's headquarters in Bengaluru. The startup will offer satellite observation and data analytics services to paying customers. 'We're currently working with other clients, too, including the government of India as well as interested parties from the European Union," Sharma said. 'There is an increasing demand for sovereign surveillance capabilities around the world, for which we are offering white-label services to various governments." Surveillance as a service Beyond manufacturing for other nations, Indian space startups are looking to put their own surveillance satellites in orbit, and offer high-resolution surveillance data to countries. GalaxEye Space, a four-year-old, Chennai-headquartered startup, announced earlier this month that it will place its first, owned surveillance satellite in orbit as part of its business expansion plan. '...the current rise in interest for surveillance satellites is also boosting our case for innovation—where we are placing a high-resolution synthetic aperture radar (Sar) satellite that can observe the earth at up to 0.5 metres resolution," said Suyash Singh, founder of GalaxEye. 'We're already having early-stage conversations with hundreds of clients, which is what spurred our decision to build this satellite. In the next six to eight months, we'll offer a revenue projection for the coming years, launch the satellite in orbit, and raise funds for our next phase of operations." The company's early-stage demand is largely coming from West Asia and the global south, Singh said. One year ago, the government of Australia signed an $18-million contract with Isro's commercial business unit, NewSpace India Limited (Nsil), to use its satellite launch services. Speaking with Mint on the sidelines of 2025 Indian Space Congress in New Delhi on Wednesday, Philip Green, high commissioner of Australia to India, said that space is an active area of collaboration between the two nations. 'We actively leverage the strength that each of us have in our nations to collaborate in various fields, including technology. In space, Australia is a global innovation leader—we bring this to India and tap its massive engineering talent pool with private firms that are highly skilled in niche areas. In turn, this helps both the geographies prosper and grow—Australia, leveraging this, is seeing its space economy already grow at 10% per annum," he said. 'With a strategic partner such as India, we can collaborate across the line and the ecosystem, and do so more intensively. That's where the India-Australia space collaborations are at the moment," Green said. ORF's Giri calls this a 'natural evolution". 'The US has moved on from manufacturing a long time ago, and Europe's markets are too expensive to manufacture at scale," he said. 'With the current geopolitical balances at play, India's biggest strength lies in leveraging this position to emerge as a default choice for global satellite manufacturing." Giri expects these contracts to help India's private space firms reinforce their reputation in the global market. 'With space and surveillance being seen as key areas of engineering and innovation, India is in a strong position to leverage its relations globally—and help private firms expand globally as critical infrastructure providers."
