Tata Teleservices (Maharashtra) Limited is a provider of connectivity and communication solutions for businesses. The Company focuses on providing various wireline voice, data, Cloud & Software as a Service (SaaS) solutions to enterprise customers. The Company's services include connectivity, collaboration, cloud, security, Internet of things (IoT) and marketing solutions. It offers information and communication technologies (ICT) services for businesses in India under the Tata Tele Business Services (TTBS) brand.
Tata Teleservices Ltd is engaged in the business of Wired and wireless telecommunication activities and holds a Unified License with Access Service Authorisation in Maharashtra and Goa and also as in Internet Service Provider Category The co. is focused on providing various wireline voice, data, and managed telecom services. A subsidiary of Tata Teleservices Ltd, the company offers its products and business solutions under the brand Tata Tele Business Services (TTBS). TTML provides integrated telecom solutions for businesses and offers services to clients to enhance their competitiveness, under the TTBS brand.
The company operates across multiple verticals offering comprehensive ICT solutions. In addition, the company offers business communication solutions, such as integrated solutions, which includes Smartflo CCaaS and UCaaS; inbound communications, such as smart single number solution, SIP Trunk, toll free services, call register services, and PRI; and outbound and marketing communications, including WhatsApp business platform, SMS solutions, Smartflo OBD, and truecaller verified business caller ID. Further, it provides network and connectivity solutions, comprising internet leased line, consisting of smart internet leased line and ILL burstable bandwidth; smart WAN, such as SD-WAN iFLX and EZ cloud connect; SmartOffice and broadband; and P2P leased line, ultra-LOLA, and business Wi-Fi. The company serves BFSI, IT/ITES, manufacturing, services, education, healthcare, telecom, media, entertainment, retail, and other industries.
Incorporated in 1995, the company was earlier known as Hughes Telecom (India) Limited and it was renamed as Tata Teleservices (Maharashtra) Ltd in 2003. Initially it received licences to provide telephony services in Maharashtra and Goa. Tata Tele became a pan-India telecom operator in January 2005. The company had a unified access (basic and cellular) service licence to operate in 19 circles, and a national long-distance licence to provide services within India.
The company underwent significant strategic changes in recent years. Tata Tele completed sale of its consumer mobile business to BAL and BHL in FY19, following the TDSAT order directing the DoT to take the merger on record; and approval of the schemes of arrangement by NCLT. Consequently, all customers, assets, spectrum and agreed liabilities of Tata Tele have been merged with BAL. However, the company exited the business in 2017 after heavy losses.
The market cap of Tata Teleservices (Maharashtra) Ltd (TTML) is ₹13156.66 Cr as of 27th June 2025. The stock symbol of Tata Teleservices (Maharashtra) is NSE: TTML on the NSE, BSE: 532371 on the BSE, and the ISIN is INE517B01013. The 52-week high of Tata Teleservices (Maharashtra) Ltd (TTML) is ₹111.40 and the 52-week low is ₹50.10.
Revenue: 1,308 Cr and Profit: -1,275 Cr. Based on the financial report for Sep 30, 2024, Tata Teleservices (Maharashtra) Ltd's Revenue amounts to 12.9B INR. Over the last year, the Revenue growth was 13%. The average annual Revenue growth rates for Tata Teleservices (Maharashtra) Ltd have been 6% over the past three years , 2% over the past five years , and -7% over the past ten years.
The company's financial performance shows mixed results. The revenues of TATA TELESERVICES stood at Rs 11,229 m in FY23, which was up 1.1% compared to Rs 11,107 m reported in FY22. TATA TELESERVICES' revenue has fallen from Rs 18,107 m in FY19 to Rs 11,229 m in FY23. The net loss of TATA TELESERVICES stood at Rs -11,447 m in FY23, which was NA compared to Rs -12,150 m reported in FY22. This compares to a net loss of Rs -19,967 m in FY21 and a net loss of Rs -37,141 m in FY20.
The stock hit a record high of Rs 111.48 on 19 Jul 2024. The stock hit a 52-week low of Rs 50.01 on 07 Apr 2025. Last 1 Month: Tata Teleservices (Maharashtra) Ltd share price moved down by 9.39% on BSE. Last 3 Months: Tata Teleservices (Maharashtra) Ltd share price moved up by 17.33% on BSE. Last 12 Months: Tata Teleservices (Maharashtra) Ltd share price moved down by 14.97% on BSE.
The key in charge of Tata Teleservices (Maharashtra) is Kush Swatantra Bhatnagar as CFO, Harjit Singh as Manager and Vrushali Neelesh Dhamnaskar as Company Secretary. Narendra Damodar Jadhav, Thambiah Elango, Ramanathan Kumar and 3 other members are presently associated as directors. Promoter holding in Tata Teleservices (Maharashtra) Ltd has gone up to 74.36 per cent as of Mar 2025 from 74.36 per cent as of Jun 2024.
Tata Teleservices has received penalty orders totaling Rs 3.8 crore from the Department of Telecommunications for violating subscriber verification norms. The company is evaluating its options, including potential appeals. Tata Teleservices (Maharashtra) Ltd shares experienced significant gains, rising 36% in two days due to speculation of a capital infusion from Tata Sons amid substantial AGR dues. Despite the rally, the company faces serious financial challenges, including a negative net worth and accumulated losses.
According to industry analysts, the rising need for telecommunications services in India is the primary driver of TTML high development potential in the following years. The growth of the company network and the enhancement of its services are anticipated to contribute to the increase of its market share and profitability. Long-term investors seeking to profit from India telecom industry expansion potential might consider TTML a viable investment choice.
The company continues to focus on its core enterprise business segment while addressing historical challenges and positioning itself for future growth in the expanding Indian telecommunications market.
