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Athreya earned his B.E. in Electrical Engineering from Bangalore University, India, and M.Tech in Computer Science and Engineering from Osmania University, India. He has more than 25 years of highly technical and managerial experience in telecom equipment, networking, and software industries. He was the executive vice president & chief development officer of Juniper Networks since 2017 and he served as senior vice-president of the routing business unit for 3 years prior to his current role. Athreya was with Juniper Networks since 2004 until November 2022.
Sanjay Nayak, co-founder, CEO and MD has expressed his desire to take retirement and pursue other personal interests. The board of directors has considered his request and accepted the same.
Post handing over the baton to Athreya, Sanjay Nayak would step down from his role as CEO and MD by the next annual general meeting of the company.
N Ganapathy Subramaniam, chairman, Tejas Networks said, “Sanjay has been successfully leading the company since its inception and has helped build a pioneering technology company from India. I am delighted to welcome Anand to Tejas Networks. He is an industry veteran, having been a leader in world-class global silicon, systems & software engineering, and global innovation led R&D and product development for the networking world.”
Sanjay Nayak the current CEO & MD said, “As a co-founder, I had the privilege of leading the company from a startup to India's first publicly-listed deep-technology telecom products company.
The association with the Tata Group has only accelerated this journey and I am confident that Tejas is well poised to tap the global market opportunities and become a leading telecom OEM. Having worked with tremendous passion and intensity for the last 23 years, and now with the backing of the Tata Group, I feel this is the right time for me to transition and pursue my other interest.”
Anand Athreya said, “I am both honoured and humbled to lead Tejas and help transform the telecommunication industry. I am eagerly looking forward to working with Tejas' leadership team and the Tata group. Tejas is in a unique position to build industry leading telecom and networking solutions right out of India, for India and the rest of the world.”
Tejas Networks 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 is a part of the Tata Group, with Panatone Finvest (a subsidiary of Tata Sons) being the majority shareholder.
The company reported a consolidated net loss of Rs 10.88 crore in Q3 FY23 as against a net loss of Rs 24.30 crore posted in Q3 FY22. Revenue from operations zoomed 156.4% to Rs 274.55 crore in the quarter ended 31 December 2022 from Rs 107.06 crore recorded in the same period a year ago.
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