Tejas Networks securs Rs 95 crore investment from Goldman Sachs

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Bangalore, Oct 18 (UNI) Tejas Networks, an emerging leader in next-generation optical transport equipment, today announced that it has attracted Rs 95 crore in new equity financing from Goldman Sachs.

The company would use proceeds of the financing to significantly grow its business and invest aggressively in R and D for developing new products.

''We are delighted to attract funding from a global blue-chip investor like Goldman Sachs'' said Sanjay Nayak , Co-founder and CEO in a release here. Over the last few years, Tejas had developed a portfolio of world-class products and have seen tremendous growth in its business both in domestic as well as international markets.

''With a solid foundation in place, this was the right time to invest more aggressively and scale our business to the next level'' he added.

UNI

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