GTL Infrastructure

Last updated

GTL Infrastructure
Company typepublic company
BSE:  532775
NSE:  GTLINFRA
Founded2004 [1]
Headquarters Navi Mumbai, India
Products Network Services Provider
Number of employees
1075 [2]
Website GTL Infrastructure Limited

GTL Infrastructure Limited (GTL Infra), a Global Group Enterprise, is India's independent telecom tower company. It is a pioneer in the shared passive telecom infrastructure space in India. [3]

Contents

Headquartered in Navi Mumbai, Maharashtra, India, GTL Infra has about 28,000 towers located across 22 telecom circles in India, which enables telecom service providers to offer 2G, 3G and 4G services across the country. [4]

Incorporated in 2004, under the founder, chairman Manoj G Tirodkar, GTL Infra introduced the shared infrastructure space. [5] For FY 2016–17, GTL Infra registered revenue of Rs. 2286 crores and EBIDTA of Rs. 1,122 crores.

The board of directors consists of chairman Manoj G Tirodkar, N. Balasubramanian, vice chairman and ind. director; Milind Naik, full-time director and COO; Charudatta Naik, director, Dr. Anand Patkar, independent director; Vinod B. Agarwala, independent director; Vijay M. Vij, independent director and Sonali P. Choudhary, director. [6]

The executive management team has Milind Naik; Milind Bengali, COO; L. Y. Desai, CFO; Prasanna Bidnurkar, Head CDR Operations; Bhupendra Kiny, Head-Pricing & Costing; Ashutosh Chandratrey Sr. V. P. – Human Resources; R. S. Ahluwalia, President – Business Development and Eugene Valles, Vice President – Training and OD. [6]

History

In the late 1990s, the telecom sector was in India was liberalised which led to a boom in the industry. All telecom players benefited from the explosive growth and opportunities it brought up. In 2006, GTL Infra became the first company in the shared telecom space to be listed on stock exchanges (BSE & NSE). The next year, the company came out with a rights issue of US$83.86 million. In 2010, the GTL Infra acquired 17,500 towers and 21,000 tenants from Aircel. [7] [8]

2010 onwards

The telecom industry took a serious hit in 2010, when the government cancelled 122 telecom licences owing to the 2G license case. [9] GTL Infra too suffered with the cancellation of licences as its customers reduced because of issues faced by Aircel and Maxis and subsequent cancellation of ROFR by Aircel.

In 2011, GTL Infra completed its corporate debt restructuring and in 2016–17 it has completed the first phase of strategic debt restructuring, which has brought down the debt of the company to a sustainable Rs. 4,841 crores.

Shareholding

The number of equity shares of GTL Infra are approx. 12.61 billion. The Promoter group, GTL Limited along with Global Holding Corporation Pvt Ltd, holds approx. 3.36% of the total equity shares, whereas the banks and financial institutions hold about 63.2% of equity shares in terms of Strategic Debt structuring Scheme. Balance are held by public shareholders, including FIIs and corporate bodies. IDBI Trusteeship Services Limited is the largest non-promoter investor in the company with 16.38% shareholding as in September 2021, filed with the stock exchanges in India. [10]

Listing

The company's equity shares are listed on the National Stock Exchange of India Limited (NSE) and the BSE Limited. The Foreign Currency Convertible Bonds are listed on Singapore Exchange Securities Trading Limited. [11]

Services

GTL Infra owns a blend of urban and rural telecom towers located in all the 22 telecom circles in India, which are shared by all telecom operators in the country. GTL Infra offers a fixed and predictable OPEX model and network up time of 99.9% for its customers by real-time monitoring from its NOC (Network Operations Centre) and operations and maintenance services. [12]

Mergers and acquisitions

In 2010, GTL Infra made acquisition of Aircel's 17,500 towers and 21,000 tenants. [8]

Awards & Recognition

Related Research Articles

<span class="mw-page-title-main">Reliance Industries</span> Indian multinational conglomerate

Reliance Industries Limited is an Indian multinational conglomerate headquartered in Mumbai. Its businesses include energy, petrochemicals, natural gas, retail, entertainment, telecommunications, mass media, and textiles. Reliance is the largest public company in India by market capitalisation and revenue, and the 100th largest company worldwide. It is India's largest private tax payer and largest exporter, accounting for 7% of India's total merchandise exports. The company has relatively little free cash flow and high corporate debt.

<span class="mw-page-title-main">Reliance Communications</span> Indian telecommunications company

Reliance Communications Limited (RCOM) was an Indian mobile network provider headquartered in Navi Mumbai, Maharashtra that offered voice and 2G and 3G and 4G data services. In February 2019, the company filed for bankruptcy as it was unable to sell assets to repay its debt. It has an estimated debt of ₹500 billion against assets worth ₹180 billion.

<span class="mw-page-title-main">Reliance Capital</span> Indian Financial Services company

Reliance Capital Limited is an Indian diversified financial services holding company promoted by Reliance Anil Dhirubhai Ambani Group. Reliance Capital, a constituent of Nifty Midcap 50 and MSCI Global Small Cap Index, is a part of the Reliance Group. It is amongst India's leading and most valuable financial services companies in the private sector. As on 31 March 2017, the net worth of the company stood at ₹16,548 crore, while its total assets as on the date stood at ₹82,209 crore. In Fortune India 500 list of 2018, Reliance Capital was ranked as the 77th largest corporation in India with 5th rank in 'Non-Banking Finance' category.

Bharti Enterprises Limited is an Indian multinational conglomerate, headquartered in Delhi. It was founded in 1976 by Sunil Bharti Mittal. Bharti Enterprises owns businesses spanning across telecommunications, manufacturing, insurance, real estate, hospitality, and food. The group's flagship company, Bharti Airtel, is a telecom service provider with operations in more than 18 countries across Asia, Africa and Europe. The company ranks amongst the top two mobile network operators globally by number of subscribers.

Aircel Ltd. was an Indian mobile network operator headquartered in Mumbai that offered voice and 2G and 3G data services. Maxis Communications held a 74% stake and Sindya Securities and Investments held the remaining 26%. Aircel was founded by Chinnakannan Sivasankaran and commenced operations in Tamil Nadu in 1999. It was once a market leader in Tamil Nadu and had considerable presence in Odisha, Assam and North-East telecom circles. 2G and 3G Services including voice were shut down in all circles after failure of merger talks with Reliance Communications.

The Indiabulls Group is an Indian conglomerate headquartered in Gurugram, whose primary businesses are housing finance, consumer finance, and real estate. The group also has a presence in wealth management, construction equipment rentals, pharmaceuticals, and LED lighting.

<span class="mw-page-title-main">Tata Docomo</span> Indian telecommunications company

Tata Docomo was an Indian mobile network operator, a wholly owned subsidiary of Tata Teleservices deriving its name from NTT Docomo who invested in the company in 2008. In October 2017, Bharti Airtel announced a merger deal with Tata Teleservices and the acquisition of Tata Docomo. As of 21 July 2019, all Tata Docomo users are merged with Airtel network and provided with all the Airtel services.

<span class="mw-page-title-main">Infrastructure Leasing & Financial Services</span> Infrastructure development and finance company headquartered in Mumbai, India

Infrastructure Leasing & Financial Services Limited (IL&FS) is an Indian state-funded infrastructure development and finance company. It was created by public sector banks and insurance companies.

<span class="mw-page-title-main">Telenor India</span> Indian telecommunication company

Telenor (India) Communications Private Limited, formerly known as Uninor, was an Indian mobile network operator. The company was a wholly owned subsidiary of Norwegian telecommunications company Telenor Group. In February 2017, Telenor Group announced merging the India business with Bharti Airtel in a no-cash deal with liability of Airtel to take over the outstanding spectrum payments of Rs 1,650 crore post necessary regulatory approvals.

<span class="mw-page-title-main">GTL Ltd</span> Indian telecommunications company

GTL Limited, is a network services company based in Navi Mumbai. It is India's largest network services provider to the world, and is a Global Group Enterprise.

IRB Infrastructure Developers Limited, is an Indian highway construction company headed by Mr. Virendra Dattatraya Mhaiskar. It was incorporated in 1998, with its headquarters in Mumbai, Maharashtra, India. It is part of the IRB Group and was ranked 200th in the Fortune India 500 list in 2020. IRB Infrastructure, which executed the country's first build-operate-transfer (BOT) road project, is one of the largest operators of such ventures. Currently it has about 3,404 lane Km operational and about 2,330 lane Km under development. Among its notable projects are the Mumbai-Pune Expressway and the Ahmedabad-Vadodara Expressway. In 2012, IRB acquired Tamil Nadu based BOT road builder MVR Infrastructure and Tollways for ₹130 crore. The company got the contract of Ganga Expressway, the longest under-construction expressway in Uttar Pradesh.

Indus Towers Limited is an Indian telecommunications infrastructure company offering passive infrastructure services to mobile network operators and other wireless services providers. Headquartered in Gurugram, Haryana, Indus Towers was incorporated in November 2007 by Bharti Infratel, Vodafone Essar, and Idea Cellular, to provide shared telecom infrastructure to telecom operators on a non-discriminatory basis.

Suneet Kumar Maheshwari is an infrastructure business evangelisand is the founder and managing partner of Udvik Infrastructure Advisors LLP, a new boutique infrastructure financial services firm set up comprising a group of senior infrastructure and financing evangelists along with another ~25 mid-senior professionals. Till recently he was the group executive vice-president of L&T Financial Services. He was also on the board of L&T Infrastructure Finance Company Limited, L&T Infra Debt Fund, L&T FinCorp, L&T Infra PE. He was the managing director and chief executive of L&T Infrastructure Finance Company Ltd since its inception in 2006 till March 2014, which is now a Rs 25,000 crores asset base company. He has over 34 years of experience in infrastructure finance, investment banking, corporate finance and private equity at management board level.

Karti Chidambaram is an Indian politician and businessman. A member of the Indian National Congress, he serves as the Member of Parliament for Sivaganga in the Lok Sabha. He was elected in the 2019 Indian general election, winning the seat held seven times by his father, P. Chidambaram.

<span class="mw-page-title-main">Skipper Limited</span> Indian electricity transmission tower manufacturing company

Skipper Limited is an Indian transmission and distribution structure manufacturing company, founded in 1981. It is headquartered in Kolkata, India. The company is a part of the SK Bansal Group, promoted by Sajan Kumar Bansal. Skipper Limited operates in the Power transmission and distribution and polymer pipes and fittings segment with presence across sub-segments such as Towers, EPC, Monopoles and Poles. It is the third largest company in India in terms of manufacturing capacity of Power T&D structures. It exports to over forty countries across South America, Europe, Africa, the Middle East, South Asia and Australia.

Manoj G. Tirodkar is an Indian entrepreneur. He is the founder of the Global Group Enterprises.

<span class="mw-page-title-main">IDFC First Bank</span> Indian private sector bank

IDFC FIRST Bank is an Indian private sector bank formed by the merger of the banking arm of Infrastructure Development Finance Company and Capital First, an Indian non-bank financial institution. It is the first universal bank to offer monthly interest credit on savings accounts, lifetime free credit cards with dynamic and low annual percentage rates.

<span class="mw-page-title-main">Max Group</span> Indian conglomerate company

Max Group is an Indian conglomerate headquartered in New Delhi, operating in the fields of life insurance, healthcare, hospitality, real estate and independent senior living. It was founded in 1985 by Analjit Singh.

<span class="mw-page-title-main">Bharti Infratel</span> Indian telecommunications infrastructure company

Bharti Infratel Limited was an Indian telecommunications infrastructure company that provided telecom infrastructure such as telecom towers, fiber networks and other related infrastructure. Headquartered in Gurugram, Haryana, the company was established by Bharti Airtel in July 2007 by spinning-off its mobile towers to a new wholly-owned subsidiary. Bharti Infratel was the first Indian company to start a tower infrastructure sharing business. It was India's largest consolidated tower infrastructure company, directly owning 95,372 towers as on 31 March 2020.

Adani Energy Solutions Ltd, formerly known as Adani Transmission Ltd, is an electric power transmission company headquartered in Ahmedabad. Currently, it is one of the largest private sector power transmission companies operating in India. As of July 2020, the company operates a cumulative network of 12,200 circuit kilometers, and more than 3,200 circuit kilometers are under various stages of construction.

References

  1. ↑ GTL Infra founded in 2004
  2. ↑ 14th Annual Report 2016-17 with AGM Notice
  3. ↑ "India's independent telecom Tower Company" (PDF). GTLinfra.com. Archived from the original on 19 Jun 2017. Retrieved 17 November 2017.
  4. ↑ "About GTL Infrastructure". Economictimes Indiatimes. Retrieved 28 November 2017.
  5. ↑ "GTL Infrastructure Ltd". Economictimes Indiatimes. Retrieved 17 November 2017.
  6. 1 2 "Home :: About us :: Management Profile". GTLinfra.com. Archived from the original on 6 Jun 2017. Retrieved 14 November 2017.
  7. ↑ "GTL Infra-Chennai Network combined debt falls to Rs. 4,193 cr". The Hindu Business Line. Retrieved 14 November 2017.
  8. 1 2 "acquisition of Aircel's 17,500 towers" (PDF). GTLinfra.com. Archived from the original on 20 Jun 2017. Retrieved 14 November 2017.
  9. ↑ "Supreme court cancels 122 telecom licences". Business Standard. 11 February 2013. Retrieved 17 November 2017.
  10. ↑ "Investor Info | GTL Infra | Telecom Infrastructure India". GTL. Retrieved 5 January 2022.
  11. ↑ "21 cos may default on FCCB commitments: S&P". The Hindu Business Line. 21 June 2012. Retrieved 14 November 2017.
  12. ↑ "Reliance Jio and GTL Infra sign Tower Infrastructure Sharing Deal". indiainfoline.com. 20 September 2016. Retrieved 3 November 2012.
  13. ↑ "GTL Infra received the Best Infrastructure Brands award from Economic Times in 2016" (PDF). GTLinfra.com. Archived from the original on 19 Jun 2017. Retrieved 14 November 2017.
  14. ↑ "GTL Infrastructure voted as the Best Independent Infrastructure Provider". Global Endless Possibilities. Retrieved 20 November 2017.
  15. ↑ "Scomi Group bags Greentech eco excellence award". Construction Week Online. 26 October 2009. Retrieved 20 November 2017.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.