Goldman Sachs invests Rs 95cr in Tejas

Goldman Sachs has invested Rs 95 crore in Tejas Networks, an optical transport equipment maker. 

Tejas intends to use the funds to grow its business and invest aggressively in research and development (R&D) activities for developing new products.

Sanjay Nayak, co-founder and CEO, Tejas Networks, said: "We are delighted to attract funding from a global blue-chip investor like Goldman Sachs. Over the last few years, we have developed a portfolio of world-class products, and have seen tremendous growth in our 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.

Tejas Networks is a leading innovator of carrier grade optical transport equipment. Tejas is continuing to build upon its success by introducing new carrier ethernet platforms to further enhance the global customer experience in creating next generation networks.