Established in 2006, GTPL Hathway Limited is India's largest Multi-System Operator (MSO) providing Digital Cable TV services and is one of the largest Private Wireline Broadband service providers in India. Headquartered in Ahmedabad, India, the company is engaged in Digital Cable TV distribution and high-speed Broadband service distribution, reaching an estimated 11 million households in over 1500+ towns across 22 states in India. Its presence spans Gujarat, West Bengal, Maharashtra, Goa, Bihar, Uttar Pradesh, Madhya Pradesh, Jharkhand, Rajasthan, Odisha, Assam, Tripura, Meghalaya, Manipur, Nagaland, Telangana, Andhra Pradesh, Tamil Nadu, Karnataka, Delhi, Uttarakhand, and Haryana.
The company operates as a dominant player in India's digital entertainment and connectivity landscape. GTPL Hathway is the largest Digital Cable TV and Wireline Broadband Service Provider in Gujarat, a leading Digital Cable TV Service provider in West Bengal, and holds a significant presence in all other markets where it operates.
As of FY25, GTPL Hathway is the No.1 Multi-System Operator in India and Gujarat. The company boasts 9.60 million active STBs and 8.90 million paying subscribers, offering 950+ channels, including 95+ HD channels and 130+ proprietary platform services. Its digital cable TV services demonstrate strong market positioning with consistent subscriber growth and comprehensive content offerings.
Distribution is managed via headends in Ahmedabad and Kolkata. GTPL is driving growth through inorganic acquisitions, rural expansion, and value-added services like online payments, multi-platform access, and bundled offerings through "GTPL Buzz" and "GTPL Genie," which combine Digital Cable TV with OTT content.
The company's broadband division operates under the GTPL FIBER brand, providing high-speed internet connectivity across its service areas. It utilizes an extensive optical fiber cable network and also acts as an internet service provider. The broadband business has shown significant growth trajectory with an expanding subscriber base and improving average revenue per user (ARPU).
GTPL Hathway Limited announced its Financial Results for the Quarter ended June 30, 2025 (Q1 FY26). The company reported revenue of ₹9,091 million (+7%), EBITDA of ₹1,123 million, and Profit After Tax (PAT) of ₹105 million. Subscriber numbers remained stable, with slight growth in broadband. EBITDA for Q1 FY26 was ₹1,123 million, achieving an EBITDA Margin of 12.4% and an operating EBITDA margin of 22%.
• Q1 FY26 Performance: Revenue of ₹9,091 million, EBITDA of ₹1,123 million, PAT of ₹105 million
• Operating Revenue Q1 FY26: ₹9.03 billion, up from ₹8.4 billion in the same period last year.
• Market Capitalization: ₹1,235 crore.
• Annual Performance (FY24): Profit of ₹111.79 crore on a total income of ₹3,212.50 crore.
As of June 30, 2025, the company had 9.60 million active subscribers for its digital cable TV service, 8.90 million paying subscribers, and ₹3.01 billion in subscription revenue for Q1 FY26. Broadband services saw 1,050,000 subscribers, growing by 20,000 year-over-year (Y-o-Y).
The company maintains an extensive network infrastructure supporting its dual business model. This network comprises over 42,000+ business partners, 200+ broadcasters, 1,750+ enterprise clientele, and active participation in 30+ government projects. Homepass as on June 30, 2025, stood at 5.95 million – an addition of 50,000 Y-o-Y. Of the 5.95 million homepasses, 75% are available for FTTX conversion.
Broadband ARPU stood at ₹465 per month per subscriber, an increase of ₹5 Y-o-Y. Average data consumption per user per month was 410 GB, an increase of 17% Y-o-Y.
GTPL Hathway focuses on enhancing customer experience through digital innovation. The company launched its customer app 'GTPL Buzz' and revamped its website (www.gtpl.net) during the quarter. These customer touchpoints are designed for a consistent user experience and to deliver seamless interaction across platforms and devices.
The company benefits from experienced leadership, with Ajay Singh serving as the Chairman and Anirudhsinh Jadeja as the Managing Director. GTPL Hathway has a total of 2,546 employees, reflecting a clear vision for growth in both traditional cable TV and emerging broadband segments.
GTPL Hathway was honored to be recognized as one of India's Top 1000 ESG Champions for 2024 at the 2nd ESG Leadership Summit by Dun & Bradstreet. This recognition reflects the company's commitment to responsible business practices, sustainable growth, and innovation.
GTPL Hathway Limited stands as a significant player in India's telecommunications and entertainment industry, with its comprehensive service offerings, strong market presence, and commitment to technological advancement positioning it well for continued growth in the digital connectivity space.
