Rangu Salgame to script new growth story for Tejas

Rangu Salgame to script new growth story for Tejas
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First Published: Fri, Oct 26 2007. 12 02 AM IST

High impact: Tejas Networks India Ltd president Rangu Salgame.
High impact: Tejas Networks India Ltd president Rangu Salgame.
Updated: Fri, Oct 26 2007. 12 02 AM IST
Hyderabad: Tejas Networks India Ltd, a Bangalore-based company that develops optical networking products for telecom companies, on Thursday announced the appointment of Rangu Salgame as its new president. Salgame was until recently president (global projects) at Cisco Systems Inc.
“Rangu brings in a rare combination of entrepreneurial leadership in start-ups as well as in established companies, along with a very rich international experience,” said Sanjay Nayak, co-founder and CEO of Tejas. “He will play a key role in scaling the company as we build on our success in India and become a strong global company.”
High impact: Tejas Networks India Ltd president Rangu Salgame.
Salgame’s new role at Tejas is in keeping with the current trend where start-ups are hiring seasoned managers for specific tasks. “With an established products platform coupled with R&D (research & development), innovation expertise and proven manufacturing supply chain, Tejas is, now, entering the next phase of growth and is poised to emerge as the country’s first global telecom products company,” Salgame said.
Stating that, “Cisco once was where Tejas is today,” Salgame said, “I like to do things that have a high impact.”
Over the past nine months, Tejas has doubled its headcount to 500 and is now looking to expand its overseas presence. He said the company had “built a solid foundation” and was now getting ready “to change the game”.
The Rs234 crore closely held company has so far raised more than $70 million (Rs276.5 crore) of funds from several global venture capital (VC) firms, including Intel Capital, Sandstone Capital, Battery Ventures, Sun Technologies, Mayfield Fund and Infrastructure Leasing & Financial Services Ltd.
“We are extremely well-positioned in terms of finances with the latest round of VC funding from Goldman Sachs to chart next phase of growth story for the company,” Salgame said.
“We will be considering the option of going public in the next 12 months or so.”
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First Published: Fri, Oct 26 2007. 12 02 AM IST