Tata Communications Limited

About Tata Communications Limited bond.

This comprehensive profile covers key factual information about Tata Communications Limited. The company was incorporated on March 19, 1986, as Videsh Sanchar Nigam Limited (VSNL) (a wholly-owned government entity). After transfer of all assets and liabilities of the Overseas Communications Service (OCS) business of the Department of Telecommunications (DoT) to VSNL w.e.f April 01, 1986, the TATA group acquired 50% stake in the company in 2002 and changed its name to TCL in 2008. In March 2021, the Government of India (GoI) divested its entire equity shareholding of 26.12%, of which 16.12% was sold to general public, while balance 10% was sold to Pantone Finvest Limited (PFL; a whollyowned subsidiary of TSPL) through an off-market inter se transfer of shares between promoters. As on December 31, 2023, TS holds a 58.86% stake, while balance 41.14% is held by public. TCL owns and operates the world’s only wholly-owned fibre optic sub-sea network ring around the globe and is the world’s largest wholesale voice provider. It offers international and national voice and data transmission services, selling and leasing of bandwidth on undersea cable systems, internet dial-up, and broadband services and other value-added services comprising mainly mobile global roaming and signalling services, transponder lease, telex and telegraph, and television up linking. TCL’s businesses are primarily EPS in Mar-2024 was 33.98. Current ratio in Mar-2024 was 0.44. Debt/Equity in Mar-2024 was 8.37. Debt/EBITDA in Mar-2024 was 3.50. Interest coverage ratio in Mar-2024 was 2.81. Operating Cashflow to total debt in Mar-2024 was 0.21. Total revenue for March-2024 was ₹21,253.26. Net income for March-2024 stood at ₹968.34. Total assets as of Mar-2024 were ₹24,365.44. Operating cash flow for Mar-2024 was ₹3,182.00. The company’s borrowing relationships include Australia and New Zealand Banking Group Limited (₹N/A Cr), Axis Bank Limited (₹N/A Cr), Citi Bank (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), ICICI Bank Limited (₹N/A Cr), Induslnd Bank Limited (₹N/A Cr), Standard Chartered Bank (₹N/A Cr), Australia and New Zealand Banking Group Limited (₹N/A Cr), Axis Bank Limited (₹N/A Cr), Deutsche Bank (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), HSBC Limited (₹N/A Cr), Kotak Mahindra Bank Limited (₹N/A Cr), Proposed (₹N/A Cr), Axis Bank Limited (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), ICICI Bank Limited (₹N/A Cr), Induslnd Bank Limited (₹N/A Cr). Peers and comparison entities consist of Tata Communications Limited, Bharti Airtel Limited, Bharti Hexacom Limited, Vodafone Idea Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Strong and resourceful promoter group; Dominant position in the global network with a diversified business profile and an established customer base; Improving operational performance; Expected growth in scale of operations notwithstanding inherent challenges in inorganic growth; Improving performance of subsidiaries; Favourable demand outlook; Liquidity: Superior. Key risks include: Susceptibility to regulatory and geo-political uncertainties, technology risks and increasing competition; Capital-intensive nature of operations; Moderation in the leverage albeit remains comfortable. Leadership team details include A S Lakshminarayanan (Managing Director & CEO), Ankur Verma (Non Executive Director), Ashok Sinha (Independent Director), Kabir Ahmed Shakir (Chief Financial Officer), Krishnakumar Natarajan (Independent Director), N Ganapathy Subramaniam (Non Executive Director), Renuka Ramnath (Chairperson & Independent Director), Zubin Adil Patel (Company Secretary & Compliance Officer). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.