TTML
532371Volume Movement
Clarification relating to "Volume Movement"
Tata Teleservices (Maharashtra) Ltd (TTML) is a leading provider of enterprise communication solutions in India, primarily serving the Maharashtra and Goa circles. As part of the Tata Group, TTML transitioned from retail mobile telephony to a focused business-to-business (B2B) approach, offering digital connectivity, cloud, unified communications, and cybersecurity services. The company leverages robust infrastructure and a strong brand legacy to cater to the growing digital transformation needs of micro, small, and medium enterprises (MSMEs) and large corporates.
Volume Movement
Clarification relating to "Volume Movement"
Clarification sought from Tata Teleservices (Maharashtra) Ltd
The Exchange has sought clarification from Tata Teleservices (Maharashtra) Ltd on August 31, 2026, with reference to Movement in Volume.<BR><BR>The reply is awaited.
Tata Teleservices (Maharashtra) Ltd
About
Tata Teleservices (Maharashtra) Ltd (TTML) is a leading provider of enterprise communication solutions in India, primarily serving the Maharashtra and Goa circles. As part of the Tata Group, TTML transitioned from retail mobile telephony to a focused business-to-business (B2B) approach, offering digital connectivity, cloud, unified communications, and cybersecurity services. The company leverages robust infrastructure and a strong brand legacy to cater to the growing digital transformation needs of micro, small, and medium enterprises (MSMEs) and large corporates.
TTML is positioned at the forefront of enabling Indian businesses’ digital journeys through managed services, internet leased lines, software-defined WAN, IoT solutions, and more. It has established strategic alliances with technology partners and consistently enhanced its portfolio with next-generation ICT offerings to help enterprises optimize operations, improve productivity, and ensure secure business continuity.
Business Model & Strategy
TTML derives revenue primarily from enterprise connectivity, SaaS-based communication tools, and managed cloud and network services. The company's strategic shift towards enterprise solutions is anchored by annuity-based contracts, bundled digital services, and value-added offerings. It maintains direct sales channels alongside strategic partnerships to reach MSMEs as well as large corporates.
Recurrent income from internet connectivity, SIP trunks, collaboration solutions, and cybersecurity suites forms the bulk of operational cash flows.
Growth vectors include expanding the product stack (such as Smartflo cloud telephony, IoT, and remote working solutions), up-selling to existing clients, and acquiring new enterprise customers in underserved segments. TTML continues investing in digital platforms, focusing on cross-selling and enhancing customer stickiness by addressing the increasing demand for digital transformation among Indian businesses.
Management Overview
8 MembersMr.Amur Swaminathan Lakshminarayanan
Non-Executive - Non Independent Director-ChairpersonMrs.Vaijayanti Ajit Pandit
Non-Executive - Independent DirectorMr.Narendra Damodar Jadhav
Non-Executive - Independent DirectorMr.Kumar Ramanathan
Non-Executive - Independent DirectorMr.Harjit Singh
Executive Director-MDMr.Nalin Rana
Non - Executive Non -Independent DirectorMs.VrushaliDhamnaskar
Assistant Company Secretary & Compliance OfficerShinuMathai
Chief Financial Officer & Compliance OfficerAwards & Recognition
4 Awards- Recognized among India's Top Trusted Brand (Enterprise Communication) by multiple industry surveys (2024)
- Recipient of India CXA Award for Customer Experience Excellence (2023)
- Featured in ChannelWorld Premier 100 Honorees for innovation in ICT (2023)
- ESG initiatives highlighted in Tata Group’s Sustainability Reports (2023–2024)
Market Information
Company Timeline
29+ Years of Excellence | 8 Major Milestones
Incorporation of Tata Teleservices (Maharashtra) Ltd
Commenced fixed wireless services in Maharashtra and Goa
Launched CDMA-based mobile services
Listed on NSE and BSE
Exited consumer mobile business; pivoted to enterprise services
Expanded cloud communication and collaboration products for SMEs
Launched Smartflo cloud communication platform
Recognized for leadership in digital transformation enablement
The Next Evolution
Contact Information
Registered Office
D-26, TTC Industrial Area, MIDC Sanpada, P.O. Turbhe,
Tel: 022-66615111,
Fax: 022-
Email: investor.relations@tatatel.co.in
Website: tatatelebusiness.com
Corporate Actions
1| Purpose | Ex Date | Record Date | BC Start | BC End |
|---|---|---|---|---|
Spin Off | 11 Jul 2019 Thursday | 12 Jul 2019 Friday | - | - |
₹7,429 Cr.
₹39
₹61 / 31
8.07
₹-102.22
-0.38
₹4.8
₹10.00
N/A
Manage Ratio
FINANCIALS
| Quarterly Results | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income | - | - | - | - | - | - | - | - | 335 | 336 | 324 | 320 | 295 | 273 | 259 | 261 | 248 | 260 | 280 | 267 | 270 | 271 | 286 | 278 | 269 | 279 | 284 | 281 | 288 | 289 | 299 | 325 | 327 | 345 | 334 | 310 | 286 | 288 | 296 | 297 | 304 | 0 |
| Expenses | - | - | - | - | - | - | - | - | 699 | 696 | 668 | 250 | 706 | 583 | 530 | 553 | 550 | 588 | 578 | 555 | 589 | 585 | 588 | 558 | 564 | 567 | 564 | 558 | 589 | 599 | 606 | 634 | 651 | 675 | 649 | 617 | 608 | 609 | 443 | 379 | 376 | 0 |
| Profit | - | - | - | - | - | - | - | - | -455.43 | -382.30 | -409.42 | 580 | -228.85 | -2,334.45 | -276.85 | -873.96 | -1,069.26 | -341.19 | -297.95 | -288.29 | -318.45 | -313.63 | -302.30 | -280.62 | -295.10 | -292.76 | -279.79 | -277.07 | -301.18 | -310.23 | -307.69 | -309.34 | -323.40 | -330.39 | -315.11 | -306.42 | -324.98 | -320.82 | -150.43 | 581 | -72.15 | 0 |
| Tax | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 |
| EPS | - | - | - | - | - | - | - | - | -2.33 | -1.96 | -2.09 | 3 | -1.17 | -11.94 | -1.42 | -4.47 | -5.47 | -1.75 | -1.52 | -1.47 | -1.63 | -1.60 | -1.55 | -1.44 | -1.51 | -1.50 | -1.43 | -1.42 | -1.54 | -1.59 | -1.57 | -1.58 | -1.65 | -1.69 | -1.61 | -1.57 | -1.66 | -1.64 | -0.77 | 3 | -0.37 | 0 |
| Ratios | - |
Cash Flow
Standalone Figures in Rs. Crores
| Annual Balance Sheet | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | - |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | - | - | - | 4,602 | 1,714 | 1,509 | 1,365 | 1,211 | 1,307 | 1,304 | 1,341 | - |
| Equity And Liabilities | - | - | - | 4,602 | 1,714 | 1,509 | 1,365 | 1,211 | 1,307 | 1,304 | 1,341 | - |
Shareholding Pattern
Numbers in Percentages
| Quarterly SHP Announcement Date | Jun 2016 30 Jun '16 | Sep 2016 30 Sep '16 | Dec 2016 31 Dec '16 | Mar 2017 31 Mar '17 | Jun 2017 30 Jun '17 | Sep 2017 30 Sep '17 | Dec 2017 31 Dec '17 | Mar 2018 31 Mar '18 | Jun 2018 17 Jul '18 | Sep 2018 26 Oct '18 | Dec 2018 17 Jan '19 | Mar 2019 18 Apr '19 | Jun 2019 19 Jul '19 | Sep 2019 18 Oct '19 | Dec 2019 16 Jan '20 | Mar 2020 17 Apr '20 | Jun 2020 06 Jul '20 | Sep 2020 15 Oct '20 | Dec 2020 14 Jan '21 | Mar 2021 09 Apr '21 | Jun 2021 15 Jul '21 | Sep 2021 20 Oct '21 | Dec 2021 12 Jan '22 | Mar 2022 11 Apr '22 | Jun 2022 12 Jul '22 | Sep 2022 14 Oct '22 | Dec 2022 06 Jan '23 | Mar 2023 07 Apr '23 | Jun 2023 07 Jul '23 | Sep 2023 10 Oct '23 | Dec 2023 04 Jan '24 | Mar 2024 06 Apr '24 | Jun 2024 17 Jul '24 | Sep 2024 11 Oct '24 | Dec 2024 13 Jan '25 | Mar 2025 13 Apr '25 | Jun 2025 21 Jul '25 | Sep 2025 10 Nov '25 | Dec 2025 21 Jan '26 | Mar 2026 16 Apr '26 | Jun 2026 10 Aug '26 | - |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Goverments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Promoter And Promoter Group | - | - | - | - | - | - | - | - | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% | - |
| Non Institutions | - | - | - | - | - | - | - | - | 25.15% | 25.16% | 25.26% | 25.32% | 25.39% | 25.55% | 25.62% | 25.63% | 25.64% | 25.64% | 25.64% | 25.63% | 25.62% | 25.47% | 24.83% | 24.05% | 23.26% | 23.26% | 23.41% | 23.42% | 23.55% | 23.35% | 23.33% | 23.12% | 23.19% | 23.16% | 23.19% | 22.98% | 22.70% | 22.86% | 22.86% | 22.87% | 22.94% | - |
| FII | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.32% | 2.18% | 2.17% | 2.03% | 2.22% | 2.26% | 2.46% | 2.38% | 2.39% | 2.34% | 2.54% | 2.82% | 2.64% | 2.64% | 2.60% | 2.52% | - |
| DII | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.06% | 0.05% | 0.05% | 0.06% | 0.07% | 0.05% | 0.06% | 0.07% | 0.09% | 0.10% | 0.12% | 0.12% | 0.13% | 0.14% | 0.17% | 0.18% | - |
| Total | - | - | - | - | - | - | - | - | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | - |
Tata Teleservices (Maharashtra) Ltd
Tata Teleservices (Maharashtra) Ltd
Tata Teleservices (Maharashtra) Ltd (TTML) is a leading provider of enterprise communication solutions in India, primarily serving the Maharashtra and Goa circles. As part of the Tata Group, TTML transitioned from retail mobile telephony to a focused business-to-business (B2B) approach, offering digital connectivity, cloud, unified communications, and cybersecurity services. The company leverages robust infrastructure and a strong brand legacy to cater to the growing digital transformation needs of micro, small, and medium enterprises (MSMEs) and large corporates.
TTML is positioned at the forefront of enabling Indian businesses’ digital journeys through managed services, internet leased lines, software-defined WAN, IoT solutions, and more. It has established strategic alliances with technology partners and consistently enhanced its portfolio with next-generation ICT offerings to help enterprises optimize operations, improve productivity, and ensure secure business continuity.
TTML derives revenue primarily from enterprise connectivity, SaaS-based communication tools, and managed cloud and network services. The company's strategic shift towards enterprise solutions is anchored by annuity-based contracts, bundled digital services, and value-added offerings. It maintains direct sales channels alongside strategic partnerships to reach MSMEs as well as large corporates.
Recurrent income from internet connectivity, SIP trunks, collaboration solutions, and cybersecurity suites forms the bulk of operational cash flows.
Growth vectors include expanding the product stack (such as Smartflo cloud telephony, IoT, and remote working solutions), up-selling to existing clients, and acquiring new enterprise customers in underserved segments. TTML continues investing in digital platforms, focusing on cross-selling and enhancing customer stickiness by addressing the increasing demand for digital transformation among Indian businesses.
Recognized among India's Top Trusted Brand (Enterprise Communication) by multiple industry surveys (2024)
Recipient of India CXA Award for Customer Experience Excellence (2023)
Featured in ChannelWorld Premier 100 Honorees for innovation in ICT (2023)
ESG initiatives highlighted in Tata Group’s Sustainability Reports (2023–2024)
Incorporation of Tata Teleservices (Maharashtra) Ltd
Commenced fixed wireless services in Maharashtra and Goa
Launched CDMA-based mobile services
Listed on NSE and BSE
Exited consumer mobile business; pivoted to enterprise services
Expanded cloud communication and collaboration products for SMEs
Launched Smartflo cloud communication platform
Recognized for leadership in digital transformation enablement
Peer Comparison
| S.No. | Company Name | CMP (₹) | Market Cap (₹ Cr) | Div Yld (%) | NP Qtr (₹ Cr) | Qtr Profit Var (%) | Sales Qtr (₹ Cr) | Qtr Sales Var (%) | ROCE (%) | ROE (%) | Book Value (₹) | EPS TTM (₹) | TTMPE Ratio (₹) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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Coming Soon
Heatmap View
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Financial Ratios
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