Quadrant Televentures Limited was originally incorporated as 'The Investment Trust of India Limited' on August 2, 1946. The Company's name was changed to 'HFCL Infotel Limited' on May 12, 2003 and further to 'Quadrant Televentures Limited' on September 24, 2010. Quadrant Televentures is a Unified Access Services Licensee and an Internet Service Provider in the Punjab Telecom Circle comprising of the State of Punjab, the Union Territory of Chandigarh and the Panchkula town of Haryana. Currently, the Company is providing Broadband Services on FTTH/ DSL/WBB/EOC technology, Fixed Voice (Landline) services, Internet Leased Line and P2P services in the Punjab Telecom Circle. The Company provides broadband services through its fiber optic cable laid across Punjab.
Through the Scheme of Amalgamation, the erstwhile HFCL Infotel Limited was merged with the Company effective from September 1, 2002. As per the Scheme envisaged, the Company's existing business of hire purchase, leasing and securities trading was transferred by way of slump sales to its wholly owned subsidiary, Rajam Finance & Investments Company (India) Limited effective from September 1, 2002. Rajam Finance was renamed as The Investment Trust of India Limited with effect from June 17, 2003 and it ceased to be a subsidiary of the Company with effect from September 30, 2003, pursuant to allotment of fresh equity by Rajam Finance to other investors.
Other group companies are Kothari Sugars and Chemicals and Madras Safe Deposit. In Sep.'94, it came out with a rights issue of 21.79 lac shares (premium : Rs 30) aggregating Rs 8.72 cr, to augment long-term working capital. The company is mainly engaged in hire purchase, lease financing and investments. Its clients include individuals, firms as well as corporate bodies.
The Company's business activities include sugar, petrochemicals, industrial alcohol, etc. It has two subsidiaries -- ITI Pioneer AMC and ITI Capital Markets. ITI Pioneer AMC has promoted Koth