|Founded||July 2, 1992|
|Founder(s)||Lt. Col. H. S. Bedi|
|Headquarters||New Delhi, India|
The company was started by Lt Col Hardeep Singh Bedi an ex-army man. After serving the Indian army for 22 years, Lt Col HS Bedi took voluntary retirement and founded his company Tulip IT Services, then Tulip Software Pvt Ltd, in 1994 and today it is known as Tulip Telecom Ltd.
Bedi started off the company with 4 employees in New Delhi as a software reseller. Later the company explored the field of Network Integration and implemented World’s largest wireless network in Mallapuram, Kerala. This was a key milestone in Tulip’s history. The company also explored the field of wireless and developed India’s largest MPLS VPN network.
The Company’s data network has a reach of over 2,000 locations globally. The Company has a global presence with over 3,250 employees and more than 1,800 customers. Tulip designs, implements and manages communication networks of large enterprises on long term contracts to include enterprise communications connectivity, network integration, managed and value added services.
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Business Transformation Strategy
Tulip is gradually shifting its focus from enterprise data connectivity provider to enterprise data service provider.
Tulip Telecom building the world's third largest data centre
The company has recently acquired a data center facility in Bangaluru by purchasing 100 per cent shares of SADA IT Parks Private Ltd for Rs 230 crore. Tulip Telecom announced that it has chosen IT major IBM and data centre consultant Schnabel to establish a data centre in Bengaluru.
Tulip, through its wholly owned subsidiary company, Tulip Data Centre Pvt Ltd, spread across 9 lakh square feet, earlier this year for Rs 230 crore. The data centre will be built with an approximate investment of Rs 900 crore, spread over three years.
Schnabel will do peer review consulting with Tulip on the data centre build.
This is Tulip's fifth data centre in the country, which will increases the combined space under its data centres to approximately 10 lakh square feet. Tulip already has one data centre each in Delhi and Bengaluru and two in Mumbai.
It has won a contract from the government of Madhya Pradesh for a state wide area network (SWAN). Tulip Telecom has been successfully winning Market Leadership Award for its MPLS/IP virtual private network for 3 times in a row from Frost & Sullivan since 2009.
Over the last few years, the company has been accumulating debt due to heavy investments in data centres coupled with working capital requirements. However, these investments did not bring in the expected revenues. The company defaulted on redemption of $140 million convertible bonds, due on August 26, 2012. The debt-ridden firm had also delayed salaries of its employees for more than a year. The company has received some relief in the form of Corporate Debt Restructuring.
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- Miuli, Umli (September 22, 2008). "MP State selects Tulip Telecom for SWAN project Initiating e-Governance". IT Examiner. Retrieved 19 January 2010.
- "Tulip Telecom bags ‘Leadership Award’". The Hindu Business Line. December 29, 2009. Retrieved 19 January 2010.
- "Tulip Telecom staff intensify protest over salary dues". The Hindu Business Line. Oct 10, 2013. Retrieved 26 Nov 2013.
- "The rise and fall of Tulip Telecom". The Hindu Business Line. Jan 3, 2013. Retrieved 26 Nov 2013.
- "Tulip Telecom announces debt restructuring plan". The Hindu Business Line. May 9, 2013. Retrieved 26 Nov 2013.
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