History

_x000D_ Tata Communications Limited, formerly known as Videsh Sanchar Nigam Limited (VSNL), is a prominent Indian telecommunications company. Initially, it was a government-owned telecommunications service provider under the Department of Telecommunications and the Ministry of Communications. However, in 2008, , Tata Group acquired it from the government and renamed it to Tata Communications Limited _x000D_ _x000D_ Tata Communications offers a wide range of network services and software-defined network platforms, including Ethernet, SD-WAN, content delivery networks (CDNs), internet services, Multiprotocol Label Switching (MPLS), and private lines._x000D_ _x000D_ The company's history dates back to its founding as Videsh Sanchar Nigam Limited (VSNL) in 1986. Under the leadership of B. K. Syngal from 1991 to 1998, VSNL made significant strides, including launching India's first publicly-available Internet plans in 1995. In 2004, VSNL International, the international arm of VSNL, was established. _x000D_ _x000D_ Tata Communications has a global presence, serving customers in over 190 countries and territories worldwide. Currently, their client base includes more than 7,000 businesses, with over 300 belonging to the Fortune 500 list. _x000D_ _x000D_ The company is a major player in the telecommunications industry, connecting four out of five mobile subscribers across the globe and linking businesses to 80% of the world's leading cloud service providers. _x000D_ _x000D_ Notably, Tata Communications operates the largest wholly owned and highly advanced subsea fiber network, which forms the backbone of the Internet. Their network carries approximately 30% of the world's internet routes._x000D_

Business Segments 

_x000D_ Tata Communications serves as a catalyst in today's rapidly expanding digital economy, facilitating a thriving ecosystem. The company offers an array of services, including:_x000D_

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1. Carrier and Voice Services: Tata Communications delivers end-to-end voice access and carrier solutions, encompassing voice transport and termination through a global network of trusted partners. Their offerings extend to conferencing, call centre solutions, and support applications.
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2. Cloud-Enablement Services: With a global IT infrastructure and a robust fiber network, Tata Communications' cloud-enablement services guarantee exceptional performance for bandwidth-intensive websites and mission-critical applications.
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3. IoT Connectivity Solutions: Tata Communications MOVE™ offers innovative IoT connectivity solutions, revolutionizing businesses through a network-agnostic approach. Their IoT network in India, the world's largest of its kind, spans nearly 2,000 communities and serves over 400 million individuals.
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4. Network Services: Tata Communications provides an array of network services and software-defined network platforms, including Ethernet, SD-WAN, content delivery networks (CDNs), internet services, Multiprotocol Label Switching (MPLS), and private lines. Their excellence in this domain is acknowledged by their recognition as a leader in the 2023 Gartner® Magic Quadrant™ for Network Services, Global.
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5. Managed Hosting Services: Tata Communications' managed hosting services optimise voice-based businesses, enhancing efficiency and security. They offer a comprehensive suite of capabilities to facilitate seamless migration to the next generation of mobile services.
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6. Cloud Services and Managed Security Services: Tata Communications extends cloud services and managed security solutions. They boast a network of data centres in 44 global locations, ensuring robust support for businesses worldwide.
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Key Personnel

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1. Amur S. Lakshminarayanan, MD & CEO
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_x000D_ Amur S. Lakshminarayanan boasts a 35-year career marked by diverse leadership roles across the globe. Before taking on his current role as a global digital ecosystem enabler in October 2019, he served as the CEO of Tata Consultancy Services (TCS) in Japan, overseeing a joint venture with Mitsubishi Corporation. His journey with TCS also included a stint in the UK, where he began as the company's country manager in 1999._x000D_

Corporate Actions

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• On August 5, 2019, the company announced the demerger scheme of Hemisphere Properties India (HPIL). Subsequently, the company submitted the order to the Registrar of Companies on September 17, 2019.
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Financial Performance

_x000D_ In FY 2023, Tata Communications demonstrated robust financial performance with notable highlights:_x000D_

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• The consolidated revenue for FY 2023 amounted to ₹17,838 Crores (USD 2,220.3 Mn), marking a YoY increase of +6.2%.
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• The company experienced robust growth in its Core Connectivity, Digital Platforms & Services, and Incubation Services within the Data business:_x000D_
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  • Data business grew by 2.2% QoQ and 10.3% YoY.
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  • Digital Platforms and services increased by 2.3% QoQ and 15.5% YoY.
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  • Core Connectivity revenue grew by +1.7% QoQ and +5.7% YoY.
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  • The Incubation portfolio saw impressive growth of 9.4% QoQ and an outstanding 116.6% YoY.
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• FY 2023 saw a milestone in the form of the highest-ever PAT and Free Cash Flow, with a consolidated EBITDA of ₹4,569 Crores (USD 555.2 Mn).
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