Fortune India 500 2025 edition
Rank#115- Total income
- ₹24,369 Cr
- Profit
- ₹1,836 Cr
Last year #111
Tata Communications Limited - telecom in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Active Listed - NSE: TATACOMM · BSE: 500483 Public Limited Company telecom Fortune India 500 · #115 Nifty 500
Market Cap
₹47,963 Cr
TATACOMM · NSE
Share Price
₹1,654.40
-1.66% today
Revenue
₹24,803 Cr
FY 2025-26 · +7.3% YoY
EBITDA
₹4,605 Cr
Margin 18.6%
Net Profit
₹1,055 Cr
FY 2025-26 · -20.8% YoY
P/E (TTM)
39.8x
P/B 14.2x
ROE
28.5%
ROCE 11.6%
Debt / Equity
3.80
Interest cover 42.8x
About Tata Communications Limited
Data last updated:
Tata Communications Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Tata Sons Private Limited. It operates in the telecom service providers segment of the telecommunications sector. It was incorporated on 19 March 1986 and has been in existence for over 40 years.
Tata Communications is ranked #115 on the Fortune India 500 (2025). It is part of the Nifty 500 and BSE 500 indices. Its director N Krishnakumar and family are #1,482 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L64200MH1986PLC039266. Its GSTIN is 27AAACV2808C1ZP (Maharashtra). The company holds 38 GST registrations, of which 33 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 500483 and NSE: TATACOMM.
The company has an authorised share capital of ₹400 Cr and a paid-up capital of ₹285.02 Cr. It was formerly known as Videsh Sanchar Nigam Ltd. It is led by directors including Krishnakumar Natarajan and Ashok Sinha.
Its last annual general meeting (AGM) was held on 09 July 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Vsb Mahatma Gandhi Road Fort, Mumbai, Maharashtra, India – 400001.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹24,803 Cr, a growth of 7.3% compared to the previous year. For the same year it recorded a net profit of ₹1,054.76 Cr (net margin 4.3%) and EBITDA of ₹4,605.05 Cr (EBITDA margin 18.6%). The net worth stands at ₹3,447.04 Cr (up 14.1% YoY). Total assets are valued at ₹19,079 Cr (up 5.2% YoY).
The company has about 5,895 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 8 brands, including Tata Communications Transformation Services, Cloudlyte, WACS, Naukriyan, Gloheal and others. As per MCA filings, the company has open charges of ₹210 Cr and satisfied charges of ₹1,613.4 Cr on record. Court records list 663 cases involving the company, including 306 filed by the company and 359 filed against it; 122 cases are pending. The company has 28 deals on record (22 market trades, 3 secondary share transfers, 2 debt financings), with disclosed funding of ₹2,200 Cr; the latest was in October 2025. Its 8 peer companies in the Telecom industry (Communications, Telecom Service Providers), with the same principal business activity (wired, wireless or satellite telecommunication activities) are compared by revenue, 5 larger and 3 smaller; the largest is Reliance Jio Infocomm Limited with revenue of ₹1,15,088 Cr. The company has 10 MSME Form 1 returns on record between 2019 and 2024, listing 470 overdue payments to 143 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tatacommunications.com.
Company details
CIN L64200MH1986PLC039266
Registration Number 039266
Incorporation Date 19 March 1986
ROC Mumbai
Listing Status Listed - Listed on NSE (TATACOMM); Listed on BSE (500483)
Company Status Active
Date of Last AGM 09 July 2025
Date of Balance Sheet 31 March 2026
Parent Company Tata Sons Private Limited
Compliance Status Active Compliant
Key People
Krishnakumar Natarajan Director Ashok Sinha Director Ganapathy Subramaniam Natarajan Director Recognitions & Rankings of Tata Communications
India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#128- Valuation
- ₹50,930 Cr
2023 #100 2022 #117 2021 #107
India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,482 N Krishnakumar & family ₹1,400 Cr
Stock market indices
Nifty 500 BSE 500
Contact details
Tata Communications Limited's registered office is in Mumbai, Maharashtra. Its website is tatacommunications.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressVsb Mahatma Gandhi Road Fort, Mumbai, Maharashtra, India – 400001
- IndustryTelecom, Telecom Service Providers
To see the full contact details of Tata Communications Limited, buy the company report.
Comprehensive company report
Tata Communications Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Tata Communications operates multiple associated brands including Tata Communications Transformation Services, Cloudlyte, and WACS. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides telecom services including 5G, cloud, and network management worldwide. | tatacommunications-ts.com | |
| Offers edge computing, cloud, and network services for enterprises worldwide. | cloudlyte.com | |
| Provides submarine cable systems and network administration services in telecommunications. | wacscable.com | |
| Operates an online jobs portal for various industries. | naukriyan.com | |
| Provides a virtual consultation platform for users. | gloheal.com | |
| CDN services for on-demand video and live streaming are provided. | bitgravity.com | |
| Managed WiFi, internet, and cellular network services are provided. | tatacommunications.com | |
| Network infrastructure services are provided internationally by VSNL. | vsnl.com |
Business activity
The main business activity of Tata Communications is information and communication. In detail, this covers wired, wireless or satellite telecommunication activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J5 | Wired, wireless or satellite Telecommunication activities |
To see the full business activity and turnover split of Tata Communications Limited, buy the company report.
Financials of Tata Communications Limited
FY 2025-26 filings availableTata Communications Limited reported revenue of ₹24,803 Cr (up 7.3% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹24,803 Cr
+7.3% YoY
EBITDA
₹4,605 Cr
+6.1% YoY
Profit After Tax
₹1,055 Cr
-20.8% YoY
Net Worth
₹3,447 Cr
+14.1% YoY
Total Assets
₹19,079 Cr
+5.2% YoY
Total Debt
₹12,249 Cr
-0.9% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 24,803 | 23,109 | 20,969 | 17,838 | 16,725 | 17,100 | 17,068 |
| Revenue growth | +7.3% | +10.2% | +17.6% | +6.7% | -2.2% | +0.2% | - |
| EBITDA | 4,605 | 4,342 | 3,992 | 4,318 | 4,191 | 4,094 | 2,898 |
| EBITDA margin | +18.6% | +18.8% | +19.0% | +24.2% | +25.1% | +23.9% | +17.0% |
| Profit before tax | 1,396 | 2,281 | 1,163 | 2,063 | 2,000 | 1,609 | 140 |
| Net profit | 1,055 | 1,331 | 1,078 | 1,731 | 1,473 | 1,271 | (613) |
| Net profit margin | +4.3% | +5.8% | +5.1% | +9.7% | +8.8% | +7.4% | -3.6% |
| EPS (₹) | 35.14 | 64.43 | 33.98 | 63.02 | 51.99 | 43.88 | (3.02) |
| Balance sheet | |||||||
| Total assets | 19,079 | 18,138 | 16,390 | 13,530 | 13,382 | 14,893 | 14,982 |
| Net worth | 3,447 | 3,021 | 1,786 | 1,518 | 928 | 115 | (1,278) |
| Total debt | 12,249 | 12,357 | 11,263 | 8,577 | 9,122 | 11,394 | 12,413 |
| Cash & bank | 695 | 587 | 842 | 1,063 | 743 | 927 | 909 |
| Net working capital | (2,641) | (1,983) | (2,126) | (1,938) | (1,819) | (1,858) | (1,868) |
| Cash flow | |||||||
| Cash from operations | 4,479 | 2,911 | 3,182 | 4,384 | 4,204 | 3,180 | 2,525 |
| Cash from investing | (1,434) | (2,173) | (2,641) | (1,836) | (894) | (2,007) | (1,521) |
| Cash from financing | (2,937) | (936) | (813) | (2,241) | (3,431) | (1,205) | (942) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6,688 | 6,583 | 6,554 | 6,189 | 6,100 | 5,960 | 5,990 | 5,798 |
| Revenue growth (YoY) | +9.6% | +10.5% | +9.4% | +6.7% | +6.5% | +6.6% | - | - |
| Other income | 16.41 | 12.94 | 62.84 | 259 | (17.24) | 17.10 | 1,008 | 28.73 |
| EBITDA | 1,385 | 1,124 | 1,284 | 1,151 | 1,153 | 1,074 | 1,040 | 1,145 |
| EBITDA margin | +20.7% | +17.1% | +19.6% | +18.6% | +18.9% | +18.0% | +17.4% | +19.9% |
| Depreciation | 741 | 739 | 731 | 751 | 679 | 666 | 672 | 637 |
| Interest | 198 | 186 | 182 | 201 | 202 | 177 | 182 | 187 |
| Profit before tax | 463 | 211 | 434 | 458 | 255 | 249 | 1,193 | 350 |
| Tax | 124 | 86.01 | 183 | 101 | 82.13 | 65.43 | 176 | 126 |
| Net profit | 339 | 125 | 251 | 357 | 173 | 184 | 1,017 | 224 |
| EPS (₹) | 11.94 | 4.70 | 9.22 | 12.80 | 6.41 | 6.65 | 36.47 | 8.28 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 7,376 | 7,278 | 7,992 | 7,236 | 6,587 | 6,225 | 5,750 |
| Revenue growth | +1.3% | -8.9% | +10.4% | +9.9% | +5.8% | +8.3% | - |
| EBITDA | 1,700 | 1,235 | 1,708 | 1,523 | 1,956 | 1,943 | 1,224 |
| EBITDA margin | +23.1% | +17.0% | +21.4% | +21.1% | +29.7% | +31.2% | +21.3% |
| Profit before tax | 1,014 | 1,202 | 940 | 981 | 1,520 | 1,229 | 374 |
| Net profit | 768 | 605 | 735 | 845 | 1,155 | 926 | 348 |
| Net profit margin | +10.4% | +8.3% | +9.2% | +11.7% | +17.5% | +14.9% | +6.1% |
| EPS (₹) | 27.86 | 36.87 | 22.41 | 23.37 | 40.96 | 33.78 | 7.33 |
| Balance sheet | |||||||
| Total assets | 17,283 | 15,031 | 13,952 | 11,579 | 11,457 | 10,780 | 9,920 |
| Net worth | 10,579 | 10,451 | 9,890 | 9,861 | 9,803 | 9,067 | 8,221 |
| Total debt | 5,487 | 3,902 | 3,176 | 962 | 948 | 1,032 | 1,012 |
| Cash & bank | 250 | 247 | 321 | 305 | 101 | 249 | 164 |
| Net working capital | 248 | (1,697) | (1,730) | (1,507) | (258) | (1,511) | (1,446) |
| Cash flow | |||||||
| Cash from operations | 1,504 | 1,597 | 2,106 | 2,087 | 2,173 | 1,647 | 1,108 |
| Cash from investing | (1,935) | (1,381) | (3,500) | (1,224) | (1,708) | (1,454) | (1,093) |
| Cash from financing | 434 | (290) | 1,410 | (710) | (563) | (159) | 1.21 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,854 | 1,839 | 1,881 | 1,869 | 1,803 | 1,823 | 1,860 | 1,815 |
| Revenue growth (YoY) | +2.9% | +0.9% | +1.1% | +3.0% | +0.5% | +0.8% | - | - |
| Other income | 73.41 | 76.00 | 103 | 323 | 142 | 125 | 762 | 71.34 |
| Total expenses | 1,388 | 1,413 | 1,397 | 1,459 | 1,352 | 1,466 | 1,504 | 1,398 |
| EBITDA | 466 | 426 | 484 | 410 | 451 | 357 | 357 | 417 |
| EBITDA margin | +25.1% | +23.2% | +25.7% | +21.9% | +25.0% | +19.6% | +19.2% | +23.0% |
| Depreciation | 276 | 271 | 270 | 262 | 264 | 248 | 245 | 243 |
| Interest | 94.32 | 92.00 | 88.16 | 93.23 | 89.76 | 65.57 | 68.19 | 65.55 |
| Profit before tax | 169 | 139 | 230 | 377 | 239 | 168 | 805 | 180 |
| Tax | 42.74 | 34.48 | 61.08 | 99.15 | 28.24 | 31.78 | 108 | 47.82 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 24 Oct 2026
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6,688 | 6,583 | 6,554 | 6,189 | 6,100 | 5,960 | 5,990 | 5,798 |
| Revenue growth (YoY) | +9.6% | +10.5% | +9.4% | +6.7% | +6.5% | +6.6% | - | - |
| Other income | 16.41 | 12.94 | 62.84 | 259 | (17.24) | 17.10 | 1,008 | 28.73 |
| EBITDA | 1,385 | 1,124 | 1,284 | 1,151 | 1,153 | 1,074 | 1,040 | 1,145 |
| EBITDA margin | +20.7% | +17.1% | +19.6% | +18.6% | +18.9% | +18.0% | +17.4% | +19.9% |
| Depreciation | 741 | 739 | 731 | 751 | 679 | 666 | 672 | 637 |
| Interest | 198 | 186 | 182 | 201 | 202 | 177 | 182 | 187 |
| Profit before tax | 463 | 211 | 434 | 458 | 255 | 249 | 1,193 | 350 |
| Tax | 124 | 86.01 | 183 | 101 | 82.13 | 65.43 | 176 | 126 |
| Net profit | 339 | 125 | 251 | 357 | 173 | 184 | 1,017 | 224 |
| EPS (₹) | 11.94 | 4.70 | 9.22 | 12.80 | 6.41 | 6.65 | 36.47 | 8.28 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 24,803 | 23,109 | 20,969 | 17,838 | 16,725 | 17,100 | 17,068 |
| Revenue growth | +7.3% | +10.2% | +17.6% | +6.7% | -2.2% | +0.2% | - |
| Other income | 379 | 1,260 | 284 | 440 | 374 | 248 | 69.68 |
| Total expenses | 20,198 | 18,767 | 16,976 | 13,520 | 12,534 | 13,006 | 14,170 |
| Employee cost | 4,939 | 4,557 | 4,453 | 3,597 | 3,040 | 3,049 | 3,039 |
| EBITDA | 4,605 | 4,342 | 3,992 | 4,318 | 4,191 | 4,094 | 2,898 |
| EBITDA margin | +18.6% | +18.8% | +19.0% | +24.2% | +25.1% | +23.9% | +17.0% |
| Depreciation | 2,827 | 2,592 | 2,470 | 2,262 | 2,205 | 2,314 | 2,358 |
| Interest | 762 | 729 | 644 | 432 | 360 | 420 | 471 |
| Profit before tax | 1,396 | 2,281 | 1,163 | 2,063 | 2,000 | 1,609 | 140 |
| Tax | 432 | 486 | 214 | 297 | 522 | 355 | 227 |
| Net profit | 1,055 | 1,331 | 1,078 | 1,731 | 1,473 | 1,271 | (613) |
| Net profit margin | +4.3% | +5.8% | +5.1% | +9.7% | +8.8% | +7.4% | -3.6% |
| EPS (₹) | 35.14 | 64.43 | 33.98 | 63.02 | 51.99 | 43.88 | (3.02) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 285 | 285 | 285 | 285 | 285 | 285 | 285 |
| Reserves & surplus | 3,162 | 2,736 | 1,501 | 1,233 | 643 | (170) | (1,563) |
| Shareholders' funds (net worth) | 3,447 | 3,021 | 1,786 | 1,518 | 928 | 115 | (1,278) |
| Minority interest | 204 | 3.11 | 3.88 | 30.34 | 28.49 | 28.17 | 4.75 |
| Secured loans | 0.00 | 0.00 | 0.00 | 1,050 | 525 | 524 | 0.00 |
| Unsecured loans | 12,249 | 12,357 | 11,263 | 7,527 | 8,597 | 10,870 | 12,413 |
| Total debt | 12,249 | 12,357 | 11,263 | 8,577 | 9,122 | 11,394 | 12,413 |
| Total liabilities | 19,079 | 18,138 | 16,390 | 13,530 | 13,382 | 14,893 | 14,982 |
| Assets | |||||||
| Gross block | 44,226 | 39,055 | 38,988 | 36,101 | 35,510 | 35,395 | 35,439 |
| Net block | 15,481 | 13,919 | 13,467 | 10,500 | 10,936 | 11,520 | 12,768 |
| Capital work in progress | 850 | 1,100 | 1,327 | 1,148 | 852 | 493 | 349 |
| Investments | 2,297 | 2,714 | 1,608 | 1,951 | 1,565 | 2,233 | 1,563 |
| Inventories | 100 | 158 | 83.54 | 160 | 37.88 | 34.44 | 72.97 |
| Sundry debtors | 4,171 | 4,006 | 3,758 | 2,735 | 2,582 | 2,608 | 3,229 |
| Cash & bank balances | 695 | 587 | 842 | 1,063 | 743 | 927 | 909 |
| Loans & advances | 1,600 | 1,572 | 1,165 | 1,094 | 1,074 | 985 | 1,069 |
| Total current assets | 6,567 | 6,323 | 5,850 | 5,051 | 4,437 | 4,555 | 5,280 |
| Total current liabilities | 9,208 | 8,306 | 7,976 | 6,989 | 6,256 | 6,412 | 7,149 |
| Net working capital | (2,641) | (1,983) | (2,126) | (1,938) | (1,819) | (1,858) | (1,868) |
| Total assets | 19,079 | 18,138 | 16,390 | 13,530 | 13,382 | 14,893 | 14,982 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 534 | 732 | 1,004 | 697 | 818 | 850 | 789 |
| Net cash from operating activities | 4,479 | 2,911 | 3,182 | 4,384 | 4,204 | 3,180 | 2,525 |
| Net cash from investing activities | (1,434) | (2,173) | (2,641) | (1,836) | (894) | (2,007) | (1,521) |
| Net cash from financing activities | (2,937) | (936) | (813) | (2,241) | (3,431) | (1,205) | (942) |
| Net change in cash | 108 | (198) | (272) | 308 | (121) | (32.15) | 60.94 |
| Closing cash | 695 | 587 | 842 | 1,063 | 743 | 927 | 909 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +7.3% | +10.2% | +17.6% | +6.7% | -2.2% | +0.2% | - |
| EBITDA growth | +6.1% | +8.8% | -7.5% | +3.0% | +2.4% | +41.3% | - |
| PBT growth | -38.8% | +96.1% | -43.6% | +3.2% | +24.3% | +1051.8% | -59.3% |
| Net income growth | -20.8% | +23.6% | -37.7% | +17.5% | +15.9% | +307.3% | - |
| Revenue CAGR (3Y) | +11.6% | +11.4% | +7.0% | +1.5% | +0.4% | +0.7% | -1.1% |
| EBITDA CAGR (3Y) | +2.2% | +1.2% | -0.8% | +14.2% | +15.2% | +26.2% | +29.2% |
| Profitability & leverage | |||||||
| Net income margin | +3.9% | +7.8% | +4.5% | +9.9% | +8.8% | +7.3% | -0.5% |
| Return on capital employed | +11.6% | +11.5% | +12.1% | +15.6% | +13.3% | +12.0% | 0.0% |
| Return on net worth | +28.5% | +38.2% | +30.6% | +46.7% | +35.5% | +84.9% | 0.0% |
| Debt / equity | 3.80 | 4.91 | 6.00 | 7.24 | 19.67 | 0.00 | 0.00 |
| Long-term debt / equity | 2.56 | 3.12 | 4.22 | 5.78 | 16.36 | 0.00 | 0.00 |
| Interest cover | 42.83 | 41.66 | 42.30 | 21.03 | 18.14 | 23.60 | 87.06 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.60 | 0.59 | 0.56 | 0.50 | 0.47 | 0.48 | 0.51 |
| Inventory turnover | 192.12 | 191.47 | 172.20 | 180.29 | 462.52 | 318.41 | 228.26 |
| Debtors turnover | 6.07 | 5.95 | 6.46 | 6.71 | 6.45 | 5.86 | 5.51 |
| EPS (₹) | 35.14 | 64.43 | 33.98 | 63.02 | 51.99 | 43.88 | (3.02) |
| Dividend per share (₹) | 17.50 | 25.00 | 16.70 | 21.00 | 20.70 | 14.00 | 4.00 |
| Book value per share (₹) | 120.95 | 106.01 | 62.68 | 53.27 | 32.55 | 4.05 | (44.85) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,854 | 1,839 | 1,881 | 1,869 | 1,803 | 1,823 | 1,860 | 1,815 |
| Revenue growth (YoY) | +2.9% | +0.9% | +1.1% | +3.0% | +0.5% | +0.8% | - | - |
| Other income | 73.41 | 76.00 | 103 | 323 | 142 | 125 | 762 | 71.34 |
| Total expenses | 1,388 | 1,413 | 1,397 | 1,459 | 1,352 | 1,466 | 1,504 | 1,398 |
| EBITDA | 466 | 426 | 484 | 410 | 451 | 357 | 357 | 417 |
| EBITDA margin | +25.1% | +23.2% | +25.7% | +21.9% | +25.0% | +19.6% | +19.2% | +23.0% |
| Depreciation | 276 | 271 | 270 | 262 | 264 | 248 | 245 | 243 |
| Interest | 94.32 | 92.00 | 88.16 | 93.23 | 89.76 | 65.57 | 68.19 | 65.55 |
| Profit before tax | 169 | 139 | 230 | 377 | 239 | 168 | 805 | 180 |
| Tax | 42.74 | 34.48 | 61.08 | 99.15 | 28.24 | 31.78 | 108 | 47.82 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 7,376 | 7,278 | 7,992 | 7,236 | 6,587 | 6,225 | 5,750 |
| Revenue growth | +1.3% | -8.9% | +10.4% | +9.9% | +5.8% | +8.3% | - |
| Other income | 695 | 1,187 | 426 | 544 | 569 | 366 | 182 |
| Total expenses | 5,676 | 6,043 | 6,284 | 5,713 | 4,632 | 4,283 | 4,526 |
| Employee cost | 1,627 | 1,539 | 1,743 | 1,553 | 1,279 | 1,105 | 999 |
| EBITDA | 1,700 | 1,235 | 1,708 | 1,523 | 1,956 | 1,943 | 1,224 |
| EBITDA margin | +23.1% | +17.0% | +21.4% | +21.1% | +29.7% | +31.2% | +21.3% |
| Depreciation | 1,044 | 984 | 1,038 | 996 | 916 | 973 | 977 |
| Interest | 337 | 236 | 156 | 90.04 | 88.59 | 107 | 55.19 |
| Profit before tax | 1,014 | 1,202 | 940 | 981 | 1,520 | 1,229 | 374 |
| Tax | 220 | 151 | 301 | 315 | 353 | 267 | 165 |
| Net profit | 768 | 605 | 735 | 845 | 1,155 | 926 | 348 |
| Net profit margin | +10.4% | +8.3% | +9.2% | +11.7% | +17.5% | +14.9% | +6.1% |
| EPS (₹) | 27.86 | 36.87 | 22.41 | 23.37 | 40.96 | 33.78 | 7.33 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 285 | 285 | 285 | 285 | 285 | 285 | 285 |
| Reserves & surplus | 10,294 | 10,166 | 9,605 | 9,576 | 9,518 | 8,782 | 7,936 |
| Shareholders' funds (net worth) | 10,579 | 10,451 | 9,890 | 9,861 | 9,803 | 9,067 | 8,221 |
| Secured loans | 0.00 | 0.00 | 0.00 | 525 | 525 | 527 | 2.79 |
| Unsecured loans | 5,487 | 3,902 | 3,176 | 437 | 423 | 505 | 1,009 |
| Total debt | 5,487 | 3,902 | 3,176 | 962 | 948 | 1,032 | 1,012 |
| Total liabilities | 17,283 | 15,031 | 13,952 | 11,579 | 11,457 | 10,780 | 9,920 |
| Assets | |||||||
| Gross block | 15,737 | 15,027 | 15,345 | 15,302 | 16,277 | 15,511 | 14,907 |
| Net block | 5,740 | 5,229 | 5,334 | 5,005 | 5,060 | 5,061 | 5,252 |
| Capital work in progress | 445 | 648 | 731 | 701 | 448 | 205 | 149 |
| Investments | 7,774 | 7,095 | 6,083 | 4,417 | 4,277 | 4,736 | 4,038 |
| Inventories | 7.26 | 46.88 | 33.42 | 115 | 17.77 | 18.05 | 68.32 |
| Sundry debtors | 1,367 | 1,188 | 1,228 | 1,162 | 1,104 | 1,090 | 1,300 |
| Cash & bank balances | 250 | 247 | 321 | 305 | 101 | 249 | 164 |
| Loans & advances | 2,674 | 672 | 520 | 597 | 1,783 | 550 | 592 |
| Total current assets | 4,299 | 2,154 | 2,102 | 2,179 | 3,005 | 1,907 | 2,123 |
| Total current liabilities | 4,051 | 3,851 | 3,832 | 3,686 | 3,263 | 3,418 | 3,569 |
| Net working capital | 248 | (1,697) | (1,730) | (1,507) | (258) | (1,511) | (1,446) |
| Total assets | 17,283 | 15,031 | 13,952 | 11,579 | 11,457 | 10,780 | 9,920 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 194 | 268 | 252 | 98.78 | 198 | 163 | 146 |
| Net cash from operating activities | 1,504 | 1,597 | 2,106 | 2,087 | 2,173 | 1,647 | 1,108 |
| Net cash from investing activities | (1,935) | (1,381) | (3,500) | (1,224) | (1,708) | (1,454) | (1,093) |
| Net cash from financing activities | 434 | (290) | 1,410 | (710) | (563) | (159) | 1.21 |
| Net change in cash | 3.10 | (73.87) | 15.56 | 153 | (98.72) | 34.55 | 16.71 |
| Closing cash | 250 | 247 | 321 | 305 | 101 | 249 | 164 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +1.3% | -8.9% | +10.4% | +9.9% | +5.8% | +8.3% | - |
| EBITDA growth | +37.7% | -27.7% | +12.1% | -22.1% | +0.7% | +58.7% | - |
| PBT growth | -15.6% | +27.9% | -4.2% | -35.5% | +23.7% | +229.1% | +9998.0% |
| Net income growth | +26.8% | -17.7% | -13.1% | -26.8% | +24.8% | +166.1% | - |
| Revenue CAGR (3Y) | +0.6% | +3.4% | +8.7% | +8.0% | +6.9% | +5.8% | +4.3% |
| EBITDA CAGR (3Y) | +3.7% | -14.2% | -4.2% | +7.6% | +51.8% | +23.3% | +56.3% |
| Profitability & leverage | |||||||
| Net income margin | +10.8% | +14.4% | +8.0% | +9.2% | +17.7% | +15.5% | +3.6% |
| Return on capital employed | +8.4% | +6.0% | +10.0% | +11.7% | +14.5% | +12.9% | +8.0% |
| Return on net worth | +7.6% | +5.9% | +7.4% | +8.6% | +12.4% | +11.1% | +4.2% |
| Debt / equity | 0.45 | 0.35 | 0.21 | 0.10 | 0.10 | 0.12 | 0.09 |
| Long-term debt / equity | 0.19 | 0.22 | 0.13 | 0.06 | 0.10 | 0.08 | 0.04 |
| Interest cover | 51.34 | 93.96 | 23.24 | 17.08 | 8.52 | 11.00 | 22.34 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.48 | 0.48 | 0.52 | 0.46 | 0.41 | 0.41 | 0.41 |
| Inventory turnover | 272.47 | 181.27 | 107.44 | 108.73 | 367.80 | 144.15 | 87.51 |
| Debtors turnover | 5.77 | 6.02 | 6.69 | 6.39 | 6.01 | 5.21 | 4.43 |
| EPS (₹) | 27.86 | 36.87 | 22.41 | 23.37 | 40.96 | 33.78 | 7.33 |
| Dividend per share (₹) | 17.50 | 25.00 | 16.70 | 21.00 | 20.70 | 14.00 | 4.00 |
| Book value per share (₹) | 371.18 | 366.71 | 347.02 | 346.01 | 343.95 | 318.12 | 288.44 |
To see the full year-wise statements and ratios of Tata Communications Limited, buy the company report.
Board of directors of Tata Communications Limited
Tata Communications has 8 current directors and 37 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishnakumar Natarajan Also directs: Lomasa Advisors LLP, Memorable Minds LLP, Kotak Mahindra Asset Management Company Limited and 3 more | Director | 15 Jul 2021 | 5 Years 3 Months | Current |
| Ashok Sinha Also directs: J. K. Cement Limited., Navin Fluorine International Limited, The Tata Power Company Limited and 1 more | Director | 08 Oct 2021 | 5 Years 0 Months | Current |
| Ganapathy Subramaniam Natarajan | Director | 02 Dec 2021 | 4 Years 10 Months | Current |
| Sujit Kumar Varma Also directs: Tata Capital Limited, Lloyds Metals and Energy Limited, Prime Securities Limited and 4 more | Director | 22 Apr 2025 | 1 Years 6 Months | Current |
| Pappu Jagdish Rao | Director | 13 Jun 2025 | 1 Years 4 Months | Current |
| Sangeeta Anand | Director | 05 Sep 2024 | 2 Years 1 Months | Current |
Showing 6 of 8 current directors. View all directors
Peer comparison
Tata Communications Limited is compared with the 8 companies closest to it by revenue in the Telecom industry (Communications, Telecom Service Providers), with the same principal business activity (wired, wireless or satellite telecommunication activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Reliance Jio Infocomm Limited | ₹1,15,088 Cr (FY 2025) | 14.0% | Ahmedabad, Gujarat, India | |||
| Vodafone Idea Limited | ₹44,592 Cr (FY 2025) | 4.0% | Gandhinagar, Gujarat, India | |||
| Vodafone India Limited | ₹35,127 Cr (FY 2018) | -19.0% | Mumbai, Maharashtra, India | |||
| Vodafone Mobile Services Limited | ₹33,211 Cr (FY 2018) | -17.0% | Mumbai, Maharashtra, India | |||
| Tata Communications Limitedthis company | ₹24,803 Cr (FY 2026) | ₹1,054.76 Cr | 4.3% | 7.3% | 5,895 | Mumbai, Maharashtra, India |
| Bharat Sanchar Nigam Limited | ₹23,446 Cr (FY 2025) | 10.0% | New Delhi, Delhi, India | |||
| Aircel Limited | ₹11,469 Cr (FY 2017) | -1.0% | Mumbai, Maharashtra, India | |||
| Telenor (India) Communications Private Limited | ₹4,794.6 Cr (FY 2017) | 5.0% | New Delhi, Delhi, India | |||
| Tata Teleservices Limited | ₹3,709.62 Cr (FY 2025) | 11.0% | New Delhi, Delhi, India |
To see the full peer comparison of Tata Communications Limited, buy the company report.
Auditor
Tata Communications Limited is audited by S.R.Batliboi & Associates LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R.Batliboi & Associates LLP | FY 2024 | 101049W/E300004 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 58.90%, foreign institutional investors hold 13.80%, domestic institutional investors hold 19.80% and retail and other public shareholders hold 7.50%.
Sep 2026
QUARTER
58.90% Promoters
19.80% DII (Domestic Institutional)
13.80% FII (Foreign Institutional)
7.50% Retail & Others
Promoter holding - history
Now 58.90% · Sep 2026High 58.90% · Dec 2025Low 58.90% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 58.90% | 58.90% | 58.90% | 58.90% |
| Public | 41.10% | 41.10% | 41.10% | 41.10% |
Charges & borrowings
Open charges
₹210 Cr
Satisfied charges
₹1,613.4 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Dec 2004 | 90145554 | The Hongkong and Shanghai Banking Corporation Limited | ₹60 Cr | Open | |
| 09 Dec 1993 | 90228711 | Bank of Baroda | ₹100 Cr | Open | |
| 27 Mar 1991 | 90228397 | Indian Overseas Bank | ₹50 Cr | Open | |
| 23 Jun 2020 | 100345824 | Idbi Trusteeship Services Limited | ₹525 Cr | Satisfied | |
| 16 Apr 2009 | 10158962 | Idbi Trusteeship Services Limited | ₹88.4 Cr | Satisfied |
To see the full charge records of Tata Communications Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Tata Communications Limited has 28 deals on record (22 market trades, 3 secondary share transfers, 2 debt financings), with disclosed funding of ₹2,200 Cr; the latest was in October 2025.
Total deals
28
Market trades
22
Secondary share transfers
3
Debt financings
2
Acquisition
1
Disclosed funding
₹2,200 Cr
Deals on record (5 of 28)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Market trade | ₹30.38 Cr | Buyer: Ay Securities & Commodities Limited Seller: Globe Capital Market Limited |
| Feb 2021 | Secondary share transfer | Undisclosed | Buyer: Panatone Finvest Limited Seller: President of India |
| Apr 2020 | Debt financing | ₹525 Cr | Investors: Axis Bank Limited , THE SARASWAT CO-OP. BANK |
| May 2016 | Acquisition | ₹3,162.33 Cr | Buyer: STT GDC Pte. Ltd. Seller: Tata Communications Limited |
| Mar 2006 | Market trade | ₹243.16 Cr | Buyer: The Tata Power Company Limited Seller: Panatone Finvest Limited |
To see the full deal history of Tata Communications Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Tata Communications Limited has 663 court cases on record: 306 filed by Tata Communications, 359 filed against it. 122 cases are pending and 541 are disposed.
Total cases
663
Filed by the company
306
Filed against the company
359
Pending
122
Disposed
541
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 448 | 257 | 92 |
| District courts | 167 | 71 | 19 |
| Supreme Court | 47 | 31 | 11 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 663)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Arbitration matter | Filed by the company against Intellect Design Arena Limited & Anr. | Pending |
| High Court of Delhi | Court case (O.M.P.(I) (COMM.)) | Filed by the company against Transaction Solutions International India Private Limited | Pending |
| High Court, TELANGANA | Writ petition | Filed by the company against Southern Power Distribution Company of Telangana Limited and 5 others | Pending |
| Madras High Court | Interim or miscellaneous application | Filed by the company against Government of Tamil Nadu and 1 other | Disposed |
| High Court, TELANGANA | Writ petition | Filed by the company against Southern Power Distribution Company of Telangana Limited., (Tsspdcl) and 5 others | Disposed |
To see the full case history of Tata Communications Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Tata Communications Limited was last rated by Care on 15 Jul 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 15 Jul 2022 |
To see the full credit ratings and regulatory alerts of Tata Communications Limited, buy the company report.
MSME payment delays
Tata Communications Limited has 10 MSME Form 1 returns on record between 2019 and 2024, listing 470 overdue payments to 143 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 143)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Eviqe Services Private Limited | |||
| Jaivant Digital & Technical World Private Limited | |||
| an individual supplier | |||
| Nutritap Technologies Private Limited |
To see the full MSME payment records of Tata Communications Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Tata Communications has 3 subsidiary companies and 2 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
3
Subsidiary companies
2
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Tata Communications Payment Solutions Limited | U72900MH2008PLC179551 | |
| Tata Communications Collaboration Services Private Limited | U72900MH2008PTC181502 | |
| Tata Communications Transformation Services Limited | U93090MH2006PLC165083 |
To see the full group structure of Tata Communications Limited, buy the company report.
Employees & EPFO
Tata Communications Limited has a workforce of 5,895 employees on its EPFO records as of May 29, 2025, across 1 active EPFO establishment.
Employee count
5,895
Active EPFO establishments
1
Employee growth
-18.18%
GST
Tata Communications has 38 GST registrations: 33 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
38
Active
33
Cancelled / inactive
5
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACV2808C1ZP | Maharashtra | Active | 01 Jul 2017 |
| 02AAACV2808C1Z1 | Himachal Pradesh | Active | 01 Jul 2017 |
| 03AAACV2808C1ZZ | Punjab | Active | 01 Jul 2017 |
| 04AAACV2808C1ZX | Chandigarh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Tata Communications Limited, buy the company report.
Recent activity
Tata Communications Limited has 73 board changes on record since 1987: 43 appointments and 30 cessations. The latest: Ganapathi Subramanian Lakshminarayanan was appointed as Additional Director on 20 May 2026.
Appointed
Ganapathi Subramanian Lakshminarayanan was appointed as Additional Director.
Filing
Tata Communications Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
AGM
Tata Communications Limited last Annual general meeting of members was held on 09 Jul 2025 as per latest MCA records.
Appointed
Pappu Jagdish Rao was appointed as Director.
Appointed
Sujit Kumar Varma was appointed as Director.
Ceased
Renuka Ramnath ceased to be Director.
Appointed
Sangeeta Anand was appointed as Director.
Charges
A charge registered on 23 Jun 2020 via Charge ID 100345824 with Idbi Trusteeship Services Limited was fully satisfied on 19 Apr 2023.
Appointed
Ankur Verma was appointed as Director.
Ceased
Srinath Narasimhan ceased to be Director.
Appointed
Ganapathy Subramaniam Natarajan was appointed as Director.
Appointed
Ashok Sinha was appointed as Director.
76 earlier events are in the company report.
News
Tata Communications: CLSA on Tata Communications Maintains Outperform, Target Price ₹2,600; Q2FY27 revenue rose 10% YoY to ₹66.9bn, while EBITDA increased 21% to ₹14.2bn, beating estimates by 10% as margins expanded to 21.3%; data and digital services drove growth, PAT jumped 86%, and CLSA retains its forecast of 15% consolidated EBITDA CAGR through FY29.
Tata Communications: Aims For Profitable Growth And EBITDA Expansion With Confidence For The Current Year, Spotting Chances In Network, Cloud, Infrastructure, And Interaction Fabric.
Tata Communications: Aims To Achieve EBITDA Positivity Soon By Focusing On Revenue Growth, Better Revenue Mix, And Operating Efficiency. Core Connectivity Margins For The Quarter Are Estimated At About 44.8% And Expected To Remain Stable.
TATACOMM: Q2 CONS NET PROFIT 3.4B RUPEES VS 1.83B (YOY); EST 3.3B
TATACOMM: Q2 REVENUE 67B RUPEES VS 60.99B (YOY)
TATACOMM: Q2 EBITDA 14.21B RUPEES VS 11.73B (YOY); Q2 EBITDA MARGIN 21.26% VS 19.4% (YOY)
From our blog
Frequently asked questions
Tata Communications is an active public limited company based in Mumbai, Maharashtra, India. The company works in telecom service providers, within the telecom industry. It was incorporated on 19 March 1986 (40+ years old) and is registered under CIN L64200MH1986PLC039266. Listed on BSE: 500483 and NSE: TATACOMM.
Tata Communications reported revenue of ₹24,803 Cr for FY 2025-26 (up 7.3% YoY) based on consolidated financials.
Tata Communications has 8 current directors:
- Krishnakumar Natarajan - Director
- Ashok Sinha - Director
- Ganapathy Subramaniam Natarajan - Director
- Sujit Kumar Varma - Director
- Pappu Jagdish Rao - Director
- Sangeeta Anand - Director
- Ankur Verma - Director
- Ganapathi Subramanian Lakshminarayanan - Additional Director
The latest financial statements of Tata Communications on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 09 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Tata Communications is 27AAACV2808C1ZP, registered in Maharashtra. The company has 38 GST registrations in all, of which 33 are active and 5 are cancelled or inactive. Other active GSTINs include 02AAACV2808C1Z1 (Himachal Pradesh), 03AAACV2808C1ZZ (Punjab), 04AAACV2808C1ZX (Chandigarh).
The CIN (Corporate Identification Number) of Tata Communications is L64200MH1986PLC039266. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Tata Communications is a listed company as per MCA records. Its shares are listed on both BSE (code: 500483) and NSE (symbol: TATACOMM).
Tata Communications has 663 court cases on record: 306 filed by the company and 359 filed against it. 122 are pending. Most are in the high courts.
Tata Communications was incorporated on 19 March 1986, making it 40+ years old. It is registered with the Registrar of Companies, Mumbai.
Tata Communications has 28 deals on record (22 market trades, 3 secondary share transfers, 2 debt financings), with disclosed funding of ₹2,200 Cr; the latest was in October 2025.
The peers of Tata Communications by revenue are Reliance Jio Infocomm Limited, Vodafone Idea Limited, Vodafone India Limited, Vodafone Mobile Services Limited, Bharat Sanchar Nigam Limited and 3 more, all in the Telecom industry (Communications, Telecom Service Providers), with the same principal business activity (wired, wireless or satellite telecommunication activities).
Ganapathi Subramanian Lakshminarayanan was appointed as Additional Director on 20 May 2026. Pappu Jagdish Rao was appointed as Director on 13 Jun 2025. Sujit Kumar Varma was appointed as Director on 22 Apr 2025. Tata Communications has 73 board changes on record in total.