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R & D facility in Bangalore will work on key components of SanDisk products
BANGALORE, INDIA, FEBRUARY 7, 2006 – SanDisk® Corporation (NASDAQ:SNDK) today announced the opening of SanDisk India Device Design Center Pvt. Ltd. in the country’s technology hub of Bangalore, where engineers will work on the core elements of the company’s flash memory products. The announcement was made at a press conference in Bangalore that was attended by Sanjay Mehrotra, SanDisk chief operating officer, and other company officials.
“India is a logical place for us to expand our global network of research and development centers because of the great talent pool here and because of our existing relationships with companies that support us in hardware, firmware and software testing,” said Mehrotra, who is also SanDisk’s co-founder.
India, he added, is expected to become a major market for SanDisk products as a result of booming consumer demand for mobile phones and MP3 audio players. “We need to have a solid presence to promote our brand and to leverage the opportunities for growth in the retail sector,” he said. “As we increase our production of flash memory this year, we intend to focus more attention on India, including the addition of more distributors and storefronts.”
The SanDisk India Design Center will initially concentrate on projects involving NAND memory – the heart of SanDisk’s flash memory cards, USB drives and MP3 players. Later, the team will be expanded to include development work on ASIC controllers, which are the gatekeepers for data in flash memory cells.
Although the India Design Center is SanDisk’s first stand-alone facility in India, the company already has engineers assigned to several projects at two SanDisk technology partners in India, Wipro and RelQ. Wipro is the world’s largest third party R&D services provider, offering design engineering, product lifecycle management and product realization. RelQ is an independent software testing and validation company. Both have major operations in Bangalore. In total, SanDisk currently has approximately 60 engineers among the three facilities.
Mehrotra noted that SanDisk’s rapid growth as the leading supplier of flash memory cards requires global strategies in design and manufacturing. In addition to its extensive R & D activities in Silicon Valley, California, SanDisk has research facilities in Israel, Japan and Scotland. And the company has teams of process/device/design engineers located at the semiconductor fabrication plants that are operated in partnership with Toshiba in Japan.
Ceremonies inaugurating the Design Center were also attended by Yoram Cedar, SanDisk’s executive vice president of handset business and corporate engineering; Tom Baker, vice president of human resources; and Simon Stolero, vice president of Israel operations.
SanDisk is the original inventor of flash storage cards and is the world’s largest supplier of flash data storage card products, using its patented, high-density flash memory and controller technology. SanDisk is headquartered in Sunnyvale, CA and has operations worldwide, with more than half its sales outside the U.S
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Network18 Q4 revenue grows 9.7 per cent, EBITDA at Rs 30 crore
PAT improves to Rs 306.6 crore, margins steady amid cost pressures.
MUMBAI: Not all news is breaking, some of it is quietly improving. Network18 Media & Investments Limited appears to be doing just that, tightening losses and stabilising margins even as costs continue to weigh on the business. For FY26, the company reported revenue from operations of Rs 1,955.1 crore, up from Rs 1,896.2 crore in FY25, signalling modest top-line growth in a challenging media environment. Total income stood at Rs 1,978.2 crore, compared to Rs 1,913 crore a year earlier.
Profit after tax came in at Rs 306.6 crore for the year, a sharp turnaround from Rs 3,225.4 crore in FY25, largely reflecting the absence of large exceptional items that had inflated the previous year’s numbers. On a more comparable basis, the company’s operating performance showed signs of gradual stabilisation.
However, the quarterly picture remained under pressure. For the March quarter, Network18 reported a loss of Rs 53.1 crore, narrower than the Rs 98.1 crore loss in the same period last year, but still indicative of ongoing cost challenges.
Expenses continued to track high. Total expenses for FY26 stood at Rs 2,235.7 crore, up from Rs 2,197.8 crore in FY25. Key cost heads included operational expenses of Rs 765.9 crore, employee benefits of Rs 475.9 crore, and marketing, distribution and promotional spends of Rs 427.1 crore, underlining the continued investment required to sustain reach and engagement.
At an operating level, margins remained under strain. Operating margin stood at 2.33 per cent for FY26, marginally higher than 1.77 per cent in FY25, while net profit margin remained negative at -13.02 per cent, though improved from -14.89 per cent.
On the balance sheet, total assets rose to Rs 8,957.6 crore as of 31 March 2026, from Rs 8,317.5 crore a year earlier. Equity strengthened to Rs 4,958.7 crore, while borrowings increased to Rs 3,112.8 crore, reflecting a higher reliance on debt to support operations.
Cash flows told a mixed story. While financing activities generated Rs 83.9 crore, operating cash flow remained negative at Rs -24 crore, highlighting ongoing pressure on core cash generation. Cash and cash equivalents, however, improved to Rs 33.9 crore from Rs 1.8 crore.
The numbers point to a company in transition growing revenues, trimming losses, but still grappling with structural cost pressures. In a sector where scale often comes at a price, Network18 seems to be inching towards balance, one quarter at a time.
