Tata Teleservices (Maharashtra) Limited - telecom in Navi Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L64200MH1995PLC086354 Incorporated 13 March 1995 ROC Mumbai HQ Navi Mumbai, Maharashtra, India
Active Listed - NSE: TTML · BSE: 532371 Public Limited Company telecom Nifty 500
Data last updated
Market Cap
₹6,868 Cr
TTML · NSE
Share Price
₹35.33
+0.57% today
Revenue
₹1,160 Cr
FY 2025-26 · -11.3% YoY
EBITDA
₹617 Cr
Margin 53.2%
Net Profit
−₹879 Cr
FY 2025-26 · +31.4% YoY
Authorised capital
₹31,000 Cr
Registered with MCA
Paid-up capital
₹3,972.93 Cr
Issued & subscribed
Open charges
₹3,617 Cr
Satisfied ₹9,515.8 Cr

About Tata Teleservices (Maharashtra) Limited

Data last updated:

Tata Teleservices (Maharashtra) Limited is a public limited company based in Navi 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 13 March 1995 and has been in existence for over 31 years.

Tata Teleservices (Maharashtra) is part of the Nifty 500 index.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L64200MH1995PLC086354. Its GSTIN is 27AAACH1458C1ZZ (Maharashtra). The company holds 2 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 532371 and NSE: TTML.

The company has an authorised share capital of ₹31,000 Cr and a paid-up capital of ₹3,972.93 Cr. It was formerly known as Hughes Ispat Limited. It is led by directors including Harjit Singh (Managing Director) and Narendra Jadhav.

Its last annual general meeting (AGM) was held on 05 June 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at D – 26 Ttc Industrial Area MIDC Sanpada Turbhe, Navi Mumbai, Maharashtra, India – 400703.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹1,160.23 Cr, a decline of 11.3% compared to the previous year. For the same year it recorded a net loss of ₹879.28 Cr (net margin -75.8%) and EBITDA of ₹617.41 Cr (EBITDA margin 53.2%). Total assets are valued at ₹926.48 Cr (up 7.9% YoY).

The company has about 407 employees on its provident fund (EPFO) records.

The company is associated with 2 brands: Tata Tele Business and Tata Tele Business Services. As per MCA filings, the company has open charges of ₹3,617 Cr and satisfied charges of ₹9,515.8 Cr on record. Court records list 2,310 cases involving the company, including 2,231 filed by the company and 79 filed against it; 69 cases are pending. The company has 21 deals on record (16 market trades, 3 acquisitions, 1 funding round), with disclosed funding of ₹46.66 Cr; the latest was in May 2025. The company has 17 MSME Form 1 returns on record between 2012 and 2022, listing 1,024 overdue payments to 219 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 tatateleservices.com.

Company details

CIN L64200MH1995PLC086354
Registration Number 086354
Incorporation Date 13 March 1995
ROC Mumbai
Listing Status Listed - Listed on NSE (TTML); Listed on BSE (532371)
Company Status Active
Date of Last AGM 05 June 2026
Date of Balance Sheet 31 March 2026
Parent Company Tata Sons Private Limited
Compliance Status Active Compliant

CIN history

Tata Teleservices (Maharashtra) has one previous CIN (Corporate Identification Number): U64200MH1995PLC086354. The current CIN is L64200MH1995PLC086354, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L64200MH1995PLC086354Current
U64200MH1995PLC086354Previous

Recognitions & Rankings of Tata Teleservices (Maharashtra)

India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#349
Valuation
₹16,190 Cr
2023 #244 2022 #197 2021 #306
Stock market indices
Nifty 500

Contact details

Tata Teleservices (Maharashtra) Limited's registered office is in Navi Mumbai, Maharashtra. Its website is tatateleservices.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Social Media
  • Registered Address
    D – 26 Ttc Industrial Area MIDC Sanpada Turbhe, Navi Mumbai, Maharashtra, India – 400703
  • Industry
    Telecom, Telecom Service Providers

To see the full contact details of Tata Teleservices (Maharashtra) Limited, buy the company report.

Comprehensive company report
Tata Teleservices (Maharashtra) 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
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Brands

Tata Teleservices (Maharashtra) operates two associated brands: Tata Tele Business and Tata Tele Business Services. Each brand links to its own profile.

BrandDescriptionWebsite
Telecommunications services are delivered to businesses across India.tatatelebusiness.com
Delivers comprehensive telecommunication services tailored for businesses.tatatel.co.in

Business activity

The main business activity of Tata Teleservices (Maharashtra) is information and communication. In detail, this covers telecommunications.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
JInformation and communication61Telecommunications

To see the full business activity and turnover split of Tata Teleservices (Maharashtra) Limited, buy the company report.

Financials of Tata Teleservices (Maharashtra) Limited

FY 2025-26 filings available

Tata Teleservices (Maharashtra) Limited reported revenue of ₹1,160.23 Cr (down 11.3% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹1,160 Cr
-11.3% YoY
EBITDA
₹617 Cr
+8.2% YoY
Profit After Tax
−₹879 Cr
+31.4% YoY
Net Worth
−₹19,983 Cr
-12.3% YoY
Total Assets
₹926 Cr
+7.9% YoY
Total Debt
₹20,869 Cr
+12.0% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,1601,3081,1921,1061,0941,0441,078
Revenue growth-11.3%+9.8%+7.7%+1.1%+4.8%-3.2%-
EBITDA617571527487468(291)(2,193)
EBITDA margin+53.2%+43.6%+44.3%+44.1%+42.8%-27.9%-203.5%
Profit before tax(215)(1,275)(1,228)(1,145)(1,215)(1,997)(3,714)
Net profit(879)(1,282)(1,236)(1,148)(1,220)(1,220)(1,304)
Net profit margin-75.8%-98.0%-103.8%-103.8%-111.6%-116.9%-121.0%
EPS (₹)(1.10)(6.52)(6.28)(5.86)(6.22)(10.21)(19.00)
Balance sheet
Total assets9268598108319781,068(560)
Net worth(19,983)(17,793)(19,253)(17,272)(18,832)(16,727)(17,479)
Total debt20,86918,63920,04718,08619,79417,77416,895
Cash & bank15.6342.4532.4914.2617.0243.2984.53
Net working capital(253)(208)(241)(175)(109)(23.85)(1,679)
Cash flow
Cash from operations668505586558530567(360)
Cash from investing(90.58)(109)(64.46)(66.20)(130)(177)510
Cash from financing(604)(386)(503)(494)(427)(432)(237)
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue310302296294286284308333
Revenue growth (YoY)+8.2%+6.1%-4.1%-11.6%-16.7%-12.1%--
Other income1.732.336651.821.862.111.940.96
Total expenses145137132123146142155182
EBITDA164165163171140143153150
EBITDA margin+53.0%+54.7%+55.3%+58.2%+48.9%+50.2%+49.6%+45.2%
Depreciation33.6533.2731.7235.6737.4936.9542.0643.18
Interest191206215288425433419423
Profit before tax(59.20)(72.15)581(150)(321)(325)(306)(315)
Tax0.000.000.000.000.000.000.000.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 05 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue310302296294286284308333
Revenue growth (YoY)+8.2%+6.1%-4.1%-11.6%-16.7%-12.1%--
Other income1.732.336651.821.862.111.940.96
Total expenses145137132123146142155182
EBITDA164165163171140143153150
EBITDA margin+53.0%+54.7%+55.3%+58.2%+48.9%+50.2%+49.6%+45.2%
Depreciation33.6533.2731.7235.6737.4936.9542.0643.18
Interest191206215288425433419423
Profit before tax(59.20)(72.15)581(150)(321)(325)(306)(315)
Tax0.000.000.000.000.000.000.000.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,1601,3081,1921,1061,0941,0441,078
Revenue growth-11.3%+9.8%+7.7%+1.1%+4.8%-3.2%-
Other income67015.8716.1616.7616.9224.10219
Total expenses5437376646196261,3353,271
Employee cost86.4883.0970.6061.9055.0449.3759.12
EBITDA617571527487468(291)(2,193)
EBITDA margin+53.2%+43.6%+44.3%+44.1%+42.8%-27.9%-203.5%
Depreciation142168150147160169195
Interest1,3611,6941,6221,5021,5391,5611,545
Profit before tax(215)(1,275)(1,228)(1,145)(1,215)(1,997)(3,714)
Tax0.000.000.000.000.000.000.00
Net profit(879)(1,282)(1,236)(1,148)(1,220)(1,220)(1,304)
Net profit margin-75.8%-98.0%-103.8%-103.8%-111.6%-116.9%-121.0%
EPS (₹)(1.10)(6.52)(6.28)(5.86)(6.22)(10.21)(19.00)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital1,9553,7321,9553,7371,9553,7191,955
Reserves & surplus(29,659)(29,446)(28,170)(26,942)(25,795)(24,580)(22,585)
Shareholders' funds (net worth)(19,983)(17,793)(19,253)(17,272)(18,832)(16,727)(17,479)
Secured loans3,4534,0539,7659,7581,9962,0301,192
Unsecured loans17,41614,58510,2828,32817,79715,74415,703
Total debt20,86918,63920,04718,08619,79417,77416,895
Total liabilities9268598108319781,068(560)
Assets
Gross block4,1854,0263,8753,8633,9583,9873,914
Net block939798788740779830894
Capital work in progress27.5934.7659.2134.3528.1629.3039.18
Investments23.1357.9834.3566.4110070.230.00
Inventories0.000.000.000.000.000.000.00
Sundry debtors95.4814515611012178.22122
Cash & bank balances15.6342.4532.4914.2617.0243.2984.53
Loans & advances50.0949.3967.7681.11140296389
Total current assets161236256205278418596
Total current liabilities4154454973803874422,275
Net working capital(253)(208)(241)(175)(109)(23.85)(1,679)
Total assets9268598108319781,068(560)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash42.3732.4114.2116.7043.0184.53171
Net cash from operating activities668505586558530567(360)
Net cash from investing activities(90.58)(109)(64.46)(66.20)(130)(177)510
Net cash from financing activities(604)(386)(503)(494)(427)(432)(237)
Net change in cash(26.97)9.9618.20(2.49)(26.31)(41.52)(86.60)
Closing cash15.6342.4532.4914.2617.0243.2984.53
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-11.3%+9.8%+7.7%+1.1%+4.8%-3.2%-
EBITDA growth+8.2%+8.2%+8.3%+4.2%+260.7%+86.7%-
PBT growth+83.1%-3.8%-7.3%+5.8%+39.2%+46.2%-456.3%
Net income growth+31.4%-3.7%-7.7%+5.9%-0.1%+6.5%-
Revenue CAGR (3Y)+1.6%+6.1%+4.5%+0.9%-5.0%-17.7%-26.4%
EBITDA CAGR (3Y)+8.2%+6.9%--+0.6%-66.7%+79.0%
Profitability & leverage
Net income margin-18.6%-97.5%-103.1%-103.5%-111.1%-191.3%-344.6%
Return on capital employed0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Return on net worth0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Debt / equity0.000.000.000.000.000.000.00
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover286.17420.51430.15441.54500.73-339.64-64.70
Efficiency & per share
Fixed asset turnover0.280.330.310.280.280.260.29
Inventory turnover0.000.000.000.000.000.000.00
Debtors turnover9.668.708.979.5810.9710.4410.21
EPS (₹)(1.10)(6.52)(6.28)(5.86)(6.22)(10.21)(19.00)
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)(141.71)(140.63)(134.10)(127.82)(121.95)(115.73)(105.53)

To see the full year-wise statements and ratios of Tata Teleservices (Maharashtra) Limited, buy the company report.

Board of directors of Tata Teleservices (Maharashtra) Limited

Tata Teleservices (Maharashtra) has 6 current directors and 31 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Narendra JadhavDirector01 Apr 20197 Years 7 MonthsCurrent
Ramanathan KumarDirector24 Sep 20197 Years 1 MonthsCurrent
Harjit SinghManaging Director24 Apr 20233 Years 6 MonthsCurrent
Amur Swaminathan LakshminarayananDirector24 Apr 20233 Years 6 MonthsCurrent
Nalin RanaDirector07 Aug 20251 Years 2 MonthsCurrent
Vaijayanti Ajit PanditDirector09 Mar 20251 Years 7 MonthsCurrent

Auditor

Tata Teleservices (Maharashtra) Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2026.

Auditor firmFinancial yearFirm registration number
Price Waterhouse Chartered Accountants LLPFY 2026012754N/N500016

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 74.40%, foreign institutional investors hold 2.50%, domestic institutional investors hold 0.20% and retail and other public shareholders hold 22.90%.

Promoters: 74.40%DII (Domestic Institutional): 0.20%FII (Foreign Institutional): 2.50%Retail & Others: 22.90%
Sep 2026
QUARTER
74.40% Promoters
0.20% DII (Domestic Institutional)
2.50% FII (Foreign Institutional)
22.90% Retail & Others
Promoter holding - history
Now 74.40% · Sep 2026High 74.40% · Dec 2025Low 74.40% · Dec 2025
73%73.8%74.5%75.3%76%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 74.40%Mar 2026: 74.40%Jun 2026: 74.40%Sep 2026: 74.40%74.40%74.40%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters74.40%74.40%74.40%74.40%
Public25.60%25.60%25.60%25.60%

Charges & borrowings

Open charges
₹3,617 Cr
Satisfied charges
₹9,515.8 Cr
Breakdown by lending institutions
Idbi Trusteeship Services Limited₹3,617.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
09 Oct 2025101164802Idbi Trusteeship Services Limited₹470 CrOpen
09 Oct 2025101164807Idbi Trusteeship Services Limited₹400 CrOpen
15 Jul 2024100945043Idbi Trusteeship Services Limited₹200 CrOpen
19 Mar 2024100882157Idbi Trusteeship Services Limited₹1,930 CrOpen
14 Feb 2024100862367Idbi Trusteeship Services Limited₹500 CrOpen

To see the full charge records of Tata Teleservices (Maharashtra) Limited, buy the company report.

Total charge records: 82 View all charges

Deals & funding

Tata Teleservices (Maharashtra) Limited has 21 deals on record (16 market trades, 3 acquisitions, 1 funding round), with disclosed funding of ₹46.66 Cr; the latest was in May 2025.

Total deals
21
Market trades
16
Acquisitions
3
Funding round
1
IPO
1
Disclosed funding
₹46.66 Cr

Deals on record (5 of 21)

To see the full deal history of Tata Teleservices (Maharashtra) Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Tata Teleservices (Maharashtra) Limited was last rated by Care on 30 Jun 2022.

Rating agencyRated onRating
Care30 Jun 2022

To see the full credit ratings and regulatory alerts of Tata Teleservices (Maharashtra) Limited, buy the company report.

MSME payment delays

Tata Teleservices (Maharashtra) Limited has 17 MSME Form 1 returns on record between 2012 and 2022, listing 1,024 overdue payments to 219 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 219)

SupplierAmount dueDue sinceReported on
Maps Industries India Private Limited
Maitri Interior Projects Private Limited
Cisb Services Private Limited
Cohesive Technologies Private Limited
Black Box GPS Technology OPC Private Limited

To see the full MSME payment records of Tata Teleservices (Maharashtra) Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Tata Teleservices (Maharashtra) Limited has a workforce of 407 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.

Employee count
407
Active EPFO establishments
1
Employee growth
3.83%

GST

Tata Teleservices (Maharashtra) has 2 GST registrations: 2 active.

Total GSTINs
2
Active
2
GSTINStateStatusRegistered on
27AAACH1458C1ZZMaharashtraActive01 Jul 2017
30AAACH1458C1ZCGoaActive01 Jul 2017

To see the full GST registrations and return filing status of Tata Teleservices (Maharashtra) Limited, buy the company report.

Recent activity

Tata Teleservices (Maharashtra) Limited has 62 board changes on record since 1998: 35 appointments and 27 cessations. The latest: Ankur Verma ceased to be Director on 07 Aug 2025.

AGM
Tata Teleservices (Maharashtra) Limited last Annual general meeting of members was held on 05 Jun 2026 as per latest MCA records.
Charges
A charge registered on 10 Mar 2023 via Charge ID 100690011 with Others was fully satisfied on 20 May 2026.
Filing
Tata Teleservices (Maharashtra) Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai Ii.
Charges
A charge registered on 21 Nov 2022 via Charge ID 100651687 with Idbi Trusteeship Services Limited was fully satisfied on 15 Oct 2025.
Charges
A charge with Idbi Trusteeship Services Limited amounted to Rs. 470.00 Cr with Charge ID 101164802 was registered on 09 Oct 2025.
Charges
A charge with Idbi Trusteeship Services Limited amounted to Rs. 400.00 Cr with Charge ID 101164807 was registered on 09 Oct 2025.
Ceased
Ankur Verma ceased to be Director.
Appointed
Nalin Rana was appointed as Director.
Ceased
Hiroo Mirchandani ceased to be Director.
Appointed
Vaijayanti Ajit Pandit was appointed as Director.
Charges
A charge with Idbi Trusteeship Services Limited of Rs. 45.00 Cr registered on 09 Sep 2010 with Charge ID 10239381 was modified on 04 Mar 2025.
Charges
A charge with Idbi Trusteeship Services Limited amounted to Rs. 200.00 Cr with Charge ID 100945043 was registered on 15 Jul 2024.

230 earlier events are in the company report.

News

TTML: Q2 SL NET PROFIT LOSS 592M RUPEES VS LOSS 3.2B (YOY)
22 Oct 2026 · Exchange Update
TTML: Q2 REVENUE 3.1B RUPEES VS 2.86B (YOY)
22 Oct 2026 · Exchange Update
TTML: Q2 EBITDA 1.6B RUPEES VS 1.4B (YOY); Q2 EBITDA MARGIN 53% VS 48.87% (YOY)
22 Oct 2026 · Exchange Update

Frequently asked questions

Tata Teleservices (Maharashtra) is an active public limited company based in Navi Mumbai, Maharashtra, India. The company works in telecom service providers, within the telecom industry. It was incorporated on 13 March 1995 (31+ years old) and is registered under CIN L64200MH1995PLC086354. Listed on BSE: 532371 and NSE: TTML.

Tata Teleservices (Maharashtra) reported revenue of ₹1,160.23 Cr for FY 2025-26 (down 11.3% YoY) based on standalone financials.

Tata Teleservices (Maharashtra) has 6 current directors:

The latest financial statements of Tata Teleservices (Maharashtra) on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 05 June 2026. Year-wise statements from 2015 are in the company report.

The GSTIN of Tata Teleservices (Maharashtra) is 27AAACH1458C1ZZ, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 30AAACH1458C1ZC (Goa).

The CIN (Corporate Identification Number) of Tata Teleservices (Maharashtra) is L64200MH1995PLC086354. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Tata Teleservices (Maharashtra) is a listed company as per MCA records. Its shares are listed on both BSE (code: 532371) and NSE (symbol: TTML).

Tata Teleservices (Maharashtra) has 2,310 court cases on record: 2,231 filed by the company and 79 filed against it. 69 are pending. Most are in the district courts.

Tata Teleservices (Maharashtra) was incorporated on 13 March 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.

Tata Teleservices (Maharashtra) has 21 deals on record (16 market trades, 3 acquisitions, 1 funding round), with disclosed funding of ₹46.66 Cr; the latest was in May 2025.

Ankur Verma ceased to be Director on 07 Aug 2025. Nalin Rana was appointed as Director on 07 Aug 2025. Hiroo Mirchandani ceased to be Director on 09 Mar 2025. Tata Teleservices (Maharashtra) has 62 board changes on record in total.