Tata Teleservices Limited, along with its subsidiary Tata Teleservices (Maharashtra) Limited, is a prominent provider of digital connectivity and cloud solutions tailored for enterprises. Operating under the brand name Tata Tele Business Services (TTBS), the company offers a diverse portfolio of ICT solutions that cater to various business needs across India. Their services encompass connectivity, collaboration, cloud computing, Software as a Service (SaaS), security, Internet of Things (IoT), and an array of marketing solutions.
TTBS is committed to innovation and delivering a distinctive customer value proposition. They focus on helping enterprises become resilient, maintain business continuity, and foster growth through flexible, scalable, and secure solutions. By acting as a trusted technology partner, Tata Tele Business Services empowers businesses with comprehensive connectivity and digital solutions. Their goal is to democratize advanced technology, enhancing the competitiveness of businesses and preparing them for the future, enabling them to achieve significant success and “Do Big.”
History of Tata Teleservices (Maharashtra) Limited
Tata Tele (Maharashtra) Limited (TTML) was founded on March 13, 1995, initially named Hughes Ispat Limited. The company rebranded to Hughes Tele.com (India) Limited on April 26, 2000, to emphasize its focus on broadband services. It took on its current name, Tata Teleservices (Maharashtra) Limited, on February 13, 2003, becoming a subsidiary of Tata Teleservices Limited. Significant milestones include launching a pay-per-use mobile voice calling model in 2009 and becoming the first private telecommunications operator in India to launch 3G services in November 2010. The company operates an extensive fiber optic network covering 132,000 kilometers in over 70 cities and collaborates with approximately 1,800 partners nationwide. In 2008, TTML introduced CDMA mobile services aimed at the youth in partnership with the Virgin Group.
Amid financial difficulties, Tata Teleservices decided to exit the mobile network division in August 2017, selling the unit to Bharti Airtel in a debt-free, cash-free deal. By November 2017, customers had transitioned to the Airtel network under an Intra Circle Roaming arrangement. The consumer mobile businesses of Tata Docomo, Tata Teleservices (TTSL), and TTML were integrated into Bharti Airtel by July 1, 2019. Despite these changes, Tata Teleservices continues to run its enterprise, fixed line, and broadband businesses, along with its stake in Viom Networks. The merger received final approval from NCLT Delhi on January 17, 2019, along with regulatory clearances from the Department of Telecom (DoT) and the Competition Commission of India (CCI).
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
| Promoters + | 74.36% | 74.36% | 74.36% | 74.36% | 74.36% |
| FIIs + | 2.16% | 2.03% | 2.23% | 2.26% | 2.46% |
| DIIs + | 0.04% | 0.05% | 0.06% | 0.05% | 0.06% |
| Public + | 23.43% | 23.56% | 23.35% | 23.33% | 23.12% |
| No. of Shareholders | 8,37,251 | 8,27,582 | 8,21,354 | 8,08,618 | 8,20,372 |
The shareholding pattern of Tata Teleservices (Maharashtra) Limited (TTML) has remained relatively stable from March 2023 to March 2024. Throughout this period, the promoters consistently held a significant majority of 74.36% of the company’s shares. This substantial holding reflects strong promoter confidence and control over the company.
Foreign Institutional Investors (FIIs) showed a slight increase in their holdings, rising from 2.16% in March 2023 to 2.46% by March 2024. This gradual increase indicates growing interest from foreign investors. Domestic Institutional Investors (DIIs) maintained a very small presence, with their holdings fluctuating marginally between 0.04% and 0.06%. The public shareholding experienced a slight decline, decreasing from 23.43% in March 2023 to 23.12% by March 2024, indicating a modest shift of shares towards institutional investors.
The number of shareholders showed minor fluctuations during this period, starting at 837,251 in March 2023, slightly decreasing to 808,618 by December 2023, and then increasing again to 820,372 by March 2024. This indicates a dynamic shareholder base with slight variations in the number of public investors. Overall, the stable promoter holding and the gradual increase in FII interest underscore TTML’s steady and controlled shareholding structure.
Below are the trading platforms that you can use to purchase Tata Teleservices (Maharashtra) Limited shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| July 2024 | 85.40 | 74.26 |
| August 2024 | 88.82 | 77.23 |
| September 2024 | 92.37 | 80.32 |
| October 2024 | 90.56 | 78.75 |
| November 2024 | 94.18 | 81.90 |
| December 2024 | 95.13 | 82.72 |
The expected and projected prices for Tata Teleservices (Maharashtra) Limited Share in 2024 indicate that in July 2024, the share is expected to reach a maximum price of ₹85.40 and a projected minimum price of ₹74.26. For August 2024, the maximum price is expected to be ₹88.82, with a projected minimum of ₹77.23. In September 2024, the maximum price is expected to rise to ₹92.37, and the projected minimum price is ₹80.32. October 2024 is expected to have a maximum price of ₹90.56 and a projected minimum of ₹78.75. The expected maximum price in November 2024 is ₹94.18, with a projected minimum price of ₹81.90. Finally, for December 2024, Tata Teleservices (Maharashtra) Limited Share is expected to have a maximum price of ₹95.13 and a projected minimum price of ₹82.72.
| When | Maximum Price | Minimum Price |
| January 2025 | 96.08 | 73.91 |
| February 2025 | 97.05 | 74.65 |
| March 2025 | 99.09 | 76.22 |
| April 2025 | 98.10 | 75.47 |
| May 2025 | 95.25 | 73.27 |
| June 2025 | 99.53 | 76.56 |
| July 2025 | 97.58 | 75.06 |
| August 2025 | 100.60 | 77.38 |
| September 2025 | 101.81 | 78.31 |
| October 2025 | 104.45 | 80.35 |
| November 2025 | 107.07 | 82.36 |
| December 2025 | 111.88 | 86.06 |
In 2025, Tata Teleservices (Maharashtra) Limited is projected to exhibit consistent growth in its share prices. As we step into January 2025, the maximum price is expected to reach ₹96.08, while the minimum price will likely be ₹73.91. This upward trend is anticipated to continue through the year, with the maximum price projected to be ₹111.88 and the minimum price at ₹86.06 by December 2025.
| When | Maximum Price | Minimum Price |
| January 2026 | 115.24 | 88.65 |
| February 2026 | 112.36 | 86.43 |
| March 2026 | 114.61 | 88.16 |
| April 2026 | 116.94 | 89.96 |
| May 2026 | 115.79 | 89.07 |
| June 2026 | 118.68 | 91.29 |
| July 2026 | 116.35 | 89.50 |
| August 2026 | 119.95 | 92.27 |
| September 2026 | 122.35 | 94.12 |
| October 2026 | 125.53 | 96.56 |
| November 2026 | 128.67 | 98.98 |
| December 2026 | 131.89 | 101.45 |
| When | Maximum Price | Minimum Price |
| January 2027 | 133.21 | 102.47 |
| February 2027 | 136.62 | 105.09 |
| March 2027 | 141.95 | 109.19 |
| April 2027 | 139.17 | 107.05 |
| May 2027 | 135.11 | 103.93 |
| June 2027 | 141.19 | 108.61 |
| July 2027 | 138.43 | 106.48 |
| August 2027 | 142.71 | 109.77 |
| September 2027 | 147.70 | 113.62 |
| October 2027 | 151.54 | 116.57 |
| November 2027 | 155.33 | 119.49 |
| December 2027 | 159.21 | 122.47 |
| When | Maximum Price | Minimum Price |
| January 2028 | 162.40 | 124.92 |
| February 2028 | 166.56 | 128.13 |
| March 2028 | 173.06 | 133.12 |
| April 2028 | 169.67 | 130.51 |
| May 2028 | 164.72 | 126.71 |
| June 2028 | 172.14 | 132.41 |
| July 2028 | 168.76 | 129.82 |
| August 2028 | 173.98 | 133.83 |
| September 2028 | 180.07 | 138.51 |
| October 2028 | 184.75 | 142.12 |
| November 2028 | 189.37 | 145.67 |
| December 2028 | 194.10 | 149.31 |
| When | Maximum Price | Minimum Price |
| January 2029 | 197.99 | 152.30 |
| February 2029 | 203.06 | 156.20 |
| March 2029 | 210.98 | 162.29 |
| April 2029 | 206.85 | 159.11 |
| May 2029 | 200.82 | 154.48 |
| June 2029 | 209.86 | 161.43 |
| July 2029 | 205.74 | 158.26 |
| August 2029 | 212.11 | 163.16 |
| September 2029 | 219.53 | 168.87 |
| October 2029 | 225.24 | 173.26 |
| November 2029 | 230.87 | 177.59 |
| December 2029 | 236.64 | 182.03 |
| When | Maximum Price | Minimum Price |
| January 2030 | 241.37 | 185.67 |
| February 2030 | 247.56 | 190.43 |
| March 2030 | 257.22 | 197.86 |
| April 2030 | 252.17 | 193.98 |
| May 2030 | 244.83 | 188.33 |
| June 2030 | 255.85 | 196.80 |
| July 2030 | 250.83 | 192.95 |
| August 2030 | 258.59 | 198.91 |
| September 2030 | 267.64 | 205.88 |
| October 2030 | 274.60 | 211.23 |
| November 2030 | 281.46 | 216.51 |
| December 2030 | 288.50 | 221.92 |
In 2030, Tata Teleservices (Maharashtra) Limited is expected to see substantial growth in its share prices. As we step into January 2030, the maximum price is anticipated to reach ₹241.37, with the minimum price at ₹185.67. By December 2030, the projections indicate a maximum price of ₹288.50 and a minimum price of ₹221.92. These projections for Tata Teleservices (Maharashtra) Limited throughout 2030 suggest a robust performance, reflecting increasing investor confidence and a strong market position.
Financial Condition of Tata Teleservices (Maharashtra) Limited: Last 5 Years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| Sales + | 1,078 | 1,044 | 1,094 | 1,106 | 1,192 |
| Expenses + | 656 | 555 | 626 | 614 | 664 |
| Operating Profit | 422 | 489 | 468 | 492 | 527 |
| OPM % | 39% | 47% | 43% | 45% | 44% |
| Other Income + | -2,396 | -756 | 17 | 11 | 16 |
| Interest | 1,545 | 1,561 | 1,539 | 1,502 | 1,622 |
| Depreciation | 195 | 169 | 160 | 147 | 150 |
| Profit before tax | -3,714 | -1,997 | -1,215 | -1,145 | -1,228 |
| Tax % | 0% | 0% | 0% | 0% | 0% |
| Net Profit + | -3,714 | -1,997 | -1,215 | -1,145 | -1,228 |
| EPS in Rs | -19 | -10.21 | -6.22 | -5.86 | -6.28 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
From March 2020 to March 2024, the financial performance of the company has shown some variations. Sales figures have steadily increased from ₹1,078 crore in March 2020 to ₹1,192 crore in March 2024, indicating a gradual revenue growth. Similarly, expenses have risen from ₹656 crore to ₹664 crore over the same period. Despite the increase in expenses, the company has maintained a relatively strong operating profit, which increased from ₹422 crore in March 2020 to ₹527 crore in March 2024. This reflects a healthy operational efficiency, as evidenced by the Operating Profit Margin (OPM), which fluctuated but remained robust, peaking at 47% in March 2021 before settling at 44% in March 2024.
However, other income has been highly volatile, with a significant negative impact noted in March 2020 (-₹2,396 crore) and March 2021 (-₹756 crore), before stabilizing to modest positive figures in the subsequent years. Interest expenses have been relatively consistent, ranging from ₹1,545 crore in March 2020 to ₹1,622 crore in March 2024. Depreciation expenses have slightly decreased from ₹195 crore in March 2020 to ₹150 crore in March 2024, reflecting possible changes in asset valuations or amortization schedules.
The company’s profit before tax has remained in the negative, though the loss has narrowed from -₹3,714 crore in March 2020 to -₹1,228 crore in March 2024. This is indicative of ongoing financial challenges despite improved operational performance. The net profit mirrors this trend, with losses reducing but still significant, moving from -₹3,714 crore to -₹1,228 crore over the five-year period. Consequently, the Earnings Per Share (EPS) has improved but remains negative, reflecting the company’s continued struggle to achieve profitability.
The dividend payout percentage has consistently been 0%, indicating no dividends were paid to shareholders during this period. This might be a strategy to retain earnings and bolster the company’s financial stability. Overall, while the company has shown growth in sales and operational efficiency, it continues to face significant financial challenges, particularly in achieving profitability.
FAQs
What is the current market capitalization of Tata Teleservices (Maharashtra) Limited?
Tata Teleservices (Maharashtra) Limited’s current market capitalization stands at a Strong ₹15,897 crore.
The latest share price of Tata Teleservices (Maharashtra) Limited is priced at ₹81.3, reflecting market confidence and potential.
Tata Teleservices (Maharashtra) Limited’s share price targets for 2025 range from a promising ₹73.27 to an optimistic ₹111.88, indicating strong potential for growth and investor interest throughout the year.
Tata Teleservices (Maharashtra) Limited’s share price is projected to soar from ₹185.67 to ₹288.50 in 2030, suggesting substantial growth opportunities and market optimism.
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Conclusion
In conclusion, Tata Teleservices (Maharashtra) Limited is well-positioned for significant growth and market success. The company’s consistent sales growth, operational efficiency, and stable shareholding pattern, along with increasing interest from foreign investors, position TTML as a strong contender in the telecommunications and digital solutions sector. With a focus on innovation and a commitment to delivering value to its customers, TTML is well-equipped to capitalize on future opportunities, driving substantial returns for its investors.
What did we learn?
- 1 History of Tata Teleservices (Maharashtra) Limited
- 2 Shareholding Patterns of Tata Teleservices (Maharashtra) Limited
- 3 How to Purchase Tata Teleservices (Maharashtra) Limited Shares in India?
- 4 Tata Teleservices (Maharashtra) Limited Share Price Prediction: 2024 – 2030
- 4.1 Tata Teleservices (Maharashtra) Limited Share Price Prediction 2024
- 4.2 Tata Teleservices (Maharashtra) Limited Share Price Target 2025
- 4.3 Tata Teleservices (Maharashtra) Limited Share Price Prediction 2026
- 4.4 Tata Teleservices (Maharashtra) Limited Share Price Prediction 2027
- 4.5 Tata Teleservices (Maharashtra) Limited Share Price Target 2028
- 4.6 Tata Teleservices (Maharashtra) Limited Share Price Prediction 2029
- 4.7 Tata Teleservices (Maharashtra) Limited Share Price Target 2030
- 5 Financial Condition of Tata Teleservices (Maharashtra) Limited: Last 5 Years
- 6 FAQs
- 6.1 What is the current market capitalization of Tata Teleservices (Maharashtra) Limited?
- 6.2 What is the latest share price of Tata Teleservices (Maharashtra) Limited?
- 6.3 What are the projected share price targets for Tata Teleservices (Maharashtra) Limited in 2025?
- 6.4 What is the forecasted share price range for Tata Teleservices (Maharashtra) Limited in 2030?
- 7 Conclusion
