Joint Ventures

BHL was formed in 1995 as a JV Company with Mobile Telecommunication Company, Kuwait and Shyam Telecom Limited to operate cellular mobile services in the State of Rajasthan and North East. At present TCIL and Bharti Airtel Limited (BAL) are holding shares in the ratio of 30:70 in BHL. TCIL has made an investment of Rs.1062 Million in BHL in a phased manner. The company achieved turnover of Rs. 51,313 Million and Profit after Tax of Rs. 6,601 Million during the year as compared to Rs. 51,922 Million turnover and Rs. 10,289 Milllion Profit after Tax during last year.

In 1989, TCIL has invested a sum of Rs.8.37 Million which is 44.9% of its equity capital and at present, TBL India LLC is holding 40% and DSS Enterprises is holding 15.1% shares in the Company. The major projects executed by TBL include Pan African e-Network Tele Medicine Project and also Telecom Software Projects. The Company achieved a Turnover of Rs. 9 Million and a Profit after Tax of Rs. 3 Million during the year as compared to Rs. 10 Milllion of Turnover and Rs. 2 Million of Profit after Tax during last year.

The company was promoted with Delhi State Industrial and Infrastructure Development Corporation (DSIIDC) as the major stake-holder. TCIL had made an investment of Rs.3.6 Million in ICSIL towards equity. ICSIL was formed for supply of technical manpower and execution of training, computer communications and office automation projects. The performance of the company has improved during the last few years. Now, ICSIL is IS/ISO 9001:2008 certified Company and is executing projects in the area of supply of hardware and other computer peripherals to Delhi government and to various other government departments. The Company is also executing high tech projects in networking and software, CCTV projects and also running Training Institutes for training in various Computer and IT Courses. The Turnover of the Company during the year 2016-17 was Rs. 1,470 Million as compared to Rs. 1,148 Million during the last year. The Profit after Tax of 2016-17 was Rs. 40 Million as compared to Rs. 32 Million during last year.

In 2001, TCIL in association with MTNL, VSNL (Presently Tata Communications Ltd.) and a local partner viz. Nepal Ventures Pvt. Ltd. Formed a JV Company called United Telecom Limited to provide WLL based basic telecom services in the Kingdom of Nepal. Presently, the Company provides basic mobile, NLD, ILD and Data Services in Nepal. During the year, UTL requested its shareholders for subscription to the 3rd Tranche call of convertible loan to meet the financial need of the company. The same was declined by TCIL owing to shortage of funds. During the year ending March 31st, 2017, the Company achieved a Turnover of Rs. 61 Million as compared to Rs. 70 Million during the last year. The Company has incurred a loss of Rs. 472 Million during 2016-17 as compared to the loss of Rs. 425 Milllion during last year.

Subsidiaries

TTL was established in the year 1988 in association with Tamilnadu Industrial Development Corporation (TIDCO) and M/s Fujikura of Japan for manufacture of Telecom Cable. TCIL’s stake in TTL is 49%. TTL is a sick company and a scheme of rehabilitation is under implementation. Inspite of implementation of the scheme of rehabilitation, the performance of the company during the year 2016-17 has not been satisfactory due to paucity of orders. During the year, the Company has mainly executed BSNL/BBNL orders as well as some small orders from other clients. The Turnover of TTL is Rs. 27 Million during the year as compared to Rs. 47 Milllion during last year and the Loss incurred during the year is Rs. 158 Million as compared to Rs. 157 Milllion during last year.

TCIL Bina Toll Road Limited (TBRTL) is a wholly owned subsidiary of Telecommunications Consultants India Ltd (TCIL) and has been incorporated on 11.07.2012 with the object of execution of Bina-Kurwai-Saronj Toll Road Project on design, build, finance, operate and transfer (DBFOT) basis. The Project was completed in 2014 and toll collection started in April, 2014. The turnover of the Company during the year 2016-17 is Rs. 51 Million. as compared to Rs. 49 Milllion during last year. The Loss incurred during the year is Rs. 105 Million as compared to Rs. 104 Milllion during last year.

TCIL Lakhnadone Toll Road Limited was also formed as a wholly owned subsidiary by TCIL for construction of Lakhnadone-Ghansore Road Project on Build, Operate and Transfer (BOT) Model. The Project has been completed and the toll collection has started w.e.f. 06.07.2016. The turnover of the Company during the year 2016-17 is Rs. 19 Million as compared to Rs. 4 Milllion during last year. The Loss incurred during the year is Rs. 46 Million as compared to Rs. 0.4 Milllion during last year.

In TCIL Oman LLC, our equity stake is 70% and M/s National Telephone Services Company LLC, Oman (NTS) is holding 30% shares. The company is exploring business opportunities in Sultanate of Oman and has started submitting bids for projects.

TCIL USA Inc. was incorporated as a wholly-owned subsidiary of TCIL in the state of Washington, USA on 29.11.2018 with sanctioned investment amount of USD 5 million. Efforts were made by TCIL USA Inc., for seeking business in USA, however, even after lots of efforts, TCIL USA Inc. could not procure any business in USA. Currently, TCIL USA Inc. has initiated the process of closure of the company.