Company lists
The Mumbai edition · 2026

Telecomcompanies in Mumbai

Operators & ISPs, infrastructure, fiber optics, business communication, OSS/BSS software and more: the companies building telecom in Mumbai, Maharashtra, with their founders, funding, team size and business models.

160 company profiles60 with reported revenue5 with recorded fundingOctober 2026 edition
Mumbai · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent telecom business events in India

Funding, M&A, contract wins and launches involving 2,119 telecom companies in India, last 24 months: 271 Contracts · 68 M&A deals · 40 launches · 31 funding rounds. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

M&AAcquisition · Announced

Elation health acquires Aster

Elation Health, the clinical-first technology platform for modern primary care success, today announced the acquisition of Aster, an AI-native EHR focused on women's health.

Healthcare Technology
M&AAcquisition · Announced

Bharti Airtel acquires Airtel africa

The law firm, AZB & Partners, advised Bharti Airtel Limited in relation to a share swap deal with Indian Continent Investment Limited, Mauritius for the acquisition of stake in Airtel…

Telecommunications
ContractTechnology

Gilat satellite networks · client: Nelco

Gil­at Satellite Networks Ltd. (NASDAQ: GILT , TASE: GILT ), a worldwide leader in satellite networking technology, solutions, and services, today announced that it received a…

Satellite Communications
ContractGovernment

Railtel corporation of india · client: Government of karnataka

RailTel has received a work order from the Additional Commissioner for Transport (Enforcement), Government of Karnataka for the implementation of an Intelligent Traffic Management System…

Digital infrastructure, smart mobility, traffic monitoring
FundingDebt

Vodafone idea

A consortium of lenders led by the State Bank of India (SBI) is considering extending Rs 25,000 crore in debt funding to Vodafone Idea, signalling improved lender confidence following…

Telecom
ContractSupply

Bondada Engineering · client: Adani Ports and Special Economic Zone

Bondada Engineering, a Hyderabad-based engineering, procurement, and construction company, has secured multiple orders worth ₹1.25 billion (~$13.22 million) for a 75 MW solar project in…

Solar
ContractSupply

Bondada Engineering · client: Ambuja cements

Bondada Engineering, a Hyderabad-based engineering, procurement, and construction company, has secured multiple orders worth ₹1.25 billion (~$13.22 million) for a 75 MW solar project in…

Solar
ContractSupply

Pace Digitek · client: NEC XON Systems Proprietary Limited

Pace Digitek shares rose ~5% after the company signed an Africa-focused BESS distribution deal with NEC XON Systems Proprietary Limited, giving it market access across five countries and…

Energy Storage
ContractSupply

NEC XON Systems Proprietary Ltd · client: Pace Digitek

Telecom passive infrastructure solutions provider Pace Digitek Ltd on Thursday said it has entered into an Original Equipment Manufacturer exclusivity agreement with NEC XON Systems…

Telecommunications
LaunchReliance Jio Rs 500 Plan

Reliance jio

Reliance Jio Rs 500 Plan Bundles YouTube Premium

Telecom Plan
LaunchCloudLyte

Tata communications

Tata Communications today unveiled its fully automated computing platform CloudLyte.

Platform
ContractService

Railtel corporation of india · client: Uttar Pradesh Police Recruitment and Promotion Board

RailTel's Rs 43.96 crore order from UP Police Recruitment Board to provide security-related ancillary services during recruitment examinations.

Security Services
ContractSupply

Hfcl · client: Na

HFCL also announced that it has entered into a five-year supply agreement with a customer for the supply of high-quality, high-fibre-count Optical Fiber Cables (OFC) through its overseas…

Telecommunications Infrastructure
ContractTechnology

Aarav solutions · client: Ishan technologies

Ishan Technologies, one of India’s fastest-growing ICT providers serving over one million users nationwide, has selected Aarav Solutions to lead comprehensive OSS/BSS transformation on…

Telecommunications
LaunchIZO™ DC Dynamic Connectivity

Tata communications

Tata Communications today redefined resilience for the global digital economy with the launch of IZO™ Data Centre* Dynamic Connectivity, a software‑defined platform designed to transform…

Software‑defined network platform
M&AAcquisition · Completed

Braiin acquires Vis networks

Following its recent listing on Nasdaq with an approximate market capitalisation of $1.62 billion (~INR 14,500 Crore) (as on 26th Mar 2026), global artificial intelligence and digital…

Customer Experience (CX) solutions
M&AAcquisition · Completed

Waaree energies acquires Associated power structures

Over the past year, the company directly or through its subsidiaries acquired a majority stake in transformer manufacturer Kotsons Pvt Ltd, transmission towers maker Associated Power…

Transmission Towers
Funding

Wiom

Through 2025, the technology investor deployed $675 million in companies such as Urban Company, PayU, Rapido, Ixigo, Wiom, Deccan AI, CodeKarma, and Arivihan.

Investors Prosus
ContractInfrastructure

Pace Digitek · client: North Western Railway

Pace Digitek Limited has announced the receipt of a significant contract valued at ₹226.42 million, inclusive of GST, from North Western Railway.

Infrastructure
ContractSupply

Avantel ltd · client: M/s. Zetwerk Manufacturing Businesses Limited

Rate Contract worth of Rs.459.90 Crore (Rupees Four Hundred Fifty-Nine Crore and Ninety Lakh Only) exclusive of taxes, vide Contract Ref No: ZMBL/Avantel/RTIS/01255079A/01, mail dated…

Technology
FundingPre-Series A

Velmenni

Velmenni secured about $3.3 million in a pre-Series A round led by pi Ventures.

Investors Pi ventures
DeepTech
ContractSupply

Hfcl · client: A global multinational corporation

HFCL said it has entered into a five-year supply agreement with a customer for the supply of high-quality, high-fibre-count Optical Fibre Cables (OFC) through its overseas, wholly owned…

Telecommunications
LaunchNGAGE for Enterprises

Comviva

Comviva has announced the launch of NGAGE for Enterprises, a next-generation communications platform as-a-service (CPaaS) platform designed to help enterprises deliver seamless, secure,…

Communications platform as a service (CPaaS)
M&AAcquisition · Announced

Sar televenture acquires Grand foundry

SAR Televenture Limited has announced a mandatory open offer to acquire additional equity shares of Grand Foundry Limited following its agreement to purchase a controlling 70.17% stake…

ContractSupply

Nec corporation · client: Tejas networks

Tejas Networks (BSE: 540595) (NSE: TEJASNET) today announced that it has signed an agreement with NEC Corporation to manufacture and supply 5G massive MIMO radios.

Telecommunications
ContractSupply

Tejas networks · client: Nec corporation

Tejas Networks (BSE: 540595) (NSE: TEJASNET) today announced that it has signed an agreement with NEC Corporation to manufacture and supply 5G massive MIMO radios.

Telecommunications
Funding

Tejas networks

We would like to inform you that Tejas Networks Limited (‘the Company’) has on February 18, 2026, received an amount of Rs. 69.9658 Crore (Rupees Sixty-Nine Crore Ninety-Six Lakh…

Investors Ministry of communications
Telecom and Networking Products
M&AAcquisition · Announced

Bharti Airtel acquires Indus towers

Bharti Airtel, the promoter of Indus Towers, has further strengthened its control over the telecom infrastructure company by acquiring additional shares in the open market.

Telecom Infrastructure

Telecom companies in Mumbai, by revenue

Browse telecom companies in Mumbai by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 60 telecom companies in Mumbai, Maharashtra that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

Provider of telecommunication services

Telecom operators
₹115,088.00 crFY 2024-25
+14%2024–2025
99,901+4% 12 mo to Nov 2023LinkedIn · Jul 2026
16 yr2010
0none in 3 months

Provider of wireless telecommunication infrastructure services

Telecom infrastructure
₹13,729.00 crFY 2024-25
+7%2024–2025
74-1% 12 mo to Jun 2024LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Provider of broadband internet, fixed telephony, mobile, and other telecommunication services

Telecom operators
₹1,373.10 crFY 2023-24
Not reported
2,920-4% 12 mo to Sep 2024LinkedIn · Jul 2026
40 yr1986
—No postings tracked

Passive infrastructure to wireless operators

Telecom infrastructure
₹1,365.69 crFY 2024-25
-4%2024–2025
1,012+10% 12 mo to Sep 2024LinkedIn · Jul 2026
22 yr2004
0none in 3 months

Provider of telecommunications infrastructure services offering a range of solutions

Telecom infrastructure
₹401.01 crFY 2021-22
Not reported
113+13% 12 mo to Sep 2024LinkedIn · Jul 2026
20 yr2006
0none in 3 months

Provider of cutting-edge digital & internet services

Oss & bss
₹383.37 crFY 2022-23
+984%2022–2023
57-2% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Indian Telecommunications service provider

Telecom operators
₹391.00 crFY 2024-25
-14%2024–2025
18,135-24% 12 mo to Dec 2022LinkedIn · Jul 2026
24 yr2002
0none in 3 months

Provider of fibre optic broadband internet services

Telecom operators
₹383.93 crFY 2024-25
+17%2024–2025
—Not available
10 yr2016
0none in 3 months · last posted Jul 2026

Fiber-optic internet and TV services provider

Telecom operators
₹349.04 crFY 2024-25
+12%2024–2025
199+25% 12 mo to Aug 2023LinkedIn · Jul 2026
26 yr2000
0none in 3 months

Provider of IT services suite solutions

Telecom infrastructure tech
₹322.66 crFY 2023-24
Not reported
178+2% 12 mo to May 2024recorded May 2024
86 yr1940
—No postings tracked

Satellite communication services provider

Telecom operators
₹269.01 crFY 2021-22
Not reported
171+20% 12 mo to Aug 2024LinkedIn · Jul 2026
28 yr1998
0none in 3 months · last posted Jun 2026

Company specializing in engineering and infrastructure solutions

Solar energy
₹239.61 crFY 2024-25
+55%2024–2025
750recorded
22 yr2004
0none in 3 months

Provider of network planning & design, operations & maintenance and energy management

Telecom infrastructure
₹213.19 crFY 2023-24
Not reported
3,343-2% 12 mo to Sep 2024LinkedIn · Jul 2026
39 yr1987
—No postings tracked

Provider of tower installation and upgradation services

Telecom infrastructure
₹174.27 crFY 2023-24
Not reported
342+67% 12 mo to May 2024recorded May 2024
31 yr1995
—No postings tracked

Provider of metro ethernet switches, MEN switches, gepon onu, gepon olt, and gpon olt solutions for businesses

Telecom infrastructure
₹83.34 crFY 2021-22
Not reported
89+44% 12 mo to Sep 2024LinkedIn · Jul 2026
21 yr2005
0none in 3 months · last posted Jul 2026

Provider of network design & operating services

Telecom infrastructure
₹94.10 crFY 2024-25
+23%2024–2025
—Not available
19 yr2007
0none in 3 months

Provider of fiber optic components, solutions, and IP video stream services

Telecom operators
₹79.94 crFY 2021-22
Not reported
114+2% 12 mo to Jul 2024LinkedIn · Jul 2026
35 yr1991
0none in 3 months

Provider of network deployment solutions, supporting every phase of the deployment process for voice and data networks

Telecom operators
₹59.89 crFY 2024-25
+7%2024–2025
1,419+21% 12 mo to Sep 2024recorded Sep 2024
12 yr2014
0none in 3 months

JRI Technologies offers white-labeled payment and recharge frameworks via Software-as-a-Services.

Telecom end user equipment and services
₹58.40 crFY 2024-25
Not reported
21LinkedIn · Jul 2026
16 yr2010
0none in 3 months

Provider of metal recycling services

Telecom infrastructure
₹54.07 crFY 2024-25
+0%2024–2025
212-4% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Provider of telecom network services

Telecom infrastructure
₹38.55 crFY 2024-25
-2%2024–2025
54recorded
15 yr2011
0none in 3 months

Provides premium Internet exchange services

Telecom infrastructure
₹32.57 crFY 2024-25
+14%2024–2025
29LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Provider of office automation, document management, security, and maintenance services

Telecom infrastructure tech
₹30.42 crFY 2024-25
-5%2024–2025
21LinkedIn · Jul 2026
32 yr1994
0none in 3 months

Provider of high-speed internet plans at value-for-money prices, primarily catering to individual and enterprise customers in the region

Telecom operators
₹28.98 crFY 2024-25
+6%2024–2025
—Not available
10 yr2016
0none in 3 months

Provider of telecom infrastructure and digital connectivity solutions for enterprises

Telecom infrastructure tech
₹17.41 crFY 2024-25
+69%2024–2025
64LinkedIn · Jul 2026
5 yr2021
0none in 3 months · last posted Jun 2026
50 of 160 companies shown here · the full list is on Radar
Fliar Radar

Explore all 160 telecom companies in Mumbai on Radar

This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.

Open telecom in Mumbai on Radar
  • Every company, not just 50All 160 telecom companies in Mumbai, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
  • Save and exportBuild lists, compare companies side by side and export them from your Radar account.

Explore telecom companies in Mumbai by what you are looking for

Find top telecom companies in Mumbai, from mobile operators and broadband providers to tower and infrastructure firms. Browse fiber optic and SD-WAN companies, telecom startups in Mumbai and companies that are hiring.

9 ways to explore telecom in Mumbai

Telecom operators & broadband providersTelecom towers & infrastructure companiesFiber optic network & equipment companiesBusiness communication, SD-WAN & cloud telephonyTelecom software, OSS/BSS & billing companiesTelecom network integration & outsourcing services

Telecom operators & broadband providers

Mobile, fixed-line and broadband service providers including MVNOs.

  1. Jio

    Provider of telecommunication services

    Telecom operators
    See in list
  2. MTNL

    Provider of broadband internet, fixed telephony, mobile, and other telecommunication services

    Telecom operators
    See in list
  3. Reliance Communications

    Indian Telecommunications service provider

    Telecom operators
    See in list
  4. Tata Play Fiber

    Provider of fibre optic broadband internet services

    Telecom operators
    See in list
  5. ONE

    Fiber-optic internet and TV services provider

    Telecom operators
    See in list

Telecom towers & infrastructure companies

Companies building and maintaining towers, networks and passive telecom infrastructure.

  1. Summit Digitel

    Provider of wireless telecommunication infrastructure services

    Telecom infrastructure
    See in list
  2. GTL Infrastructure

    Passive infrastructure to wireless operators

    Telecom infrastructure
    See in list
  3. DEPL

    Provider of telecommunications infrastructure services offering a range of solutions

    Telecom infrastructure
    See in list
  4. Nelco

    Provider of IT services suite solutions

    Telecom infrastructure tech
    See in list
  5. Satec

    Company specializing in engineering and infrastructure solutions

    Solar energy
    See in list

Fiber optic network & equipment companies

Providers of fibre networks, cables and telecom hardware.

  1. Nelco

    Provider of IT services suite solutions

    Telecom infrastructure tech
    See in list
  2. Technoriya eTechnologies

    Repeaters, planning, testing, and managed ERP solutions provider

    Telecom infrastructure tech
    Website
  3. Microequal

    Telecom equipment manufacturer and infrastructure services provider

    Telecom infrastructure tech
    Website
  4. Marquis Technologies

    Marquis Technology Solutions is an IT consultancy that provides hosted voice, network connectivity, network security, and managed services.

    Telecom end user equipment and services
    Website
  5. adino telecom

    Adino Telecom provides telecommunication system integration and product sales.

    Telecom infrastructure tech
    Website

Business communication, SD-WAN & cloud telephony

Providers of SD-WAN, VoIP, unified communication and contact centre solutions for businesses.

  1. Laser Telesystems

    Provider of office automation, document management, security, and maintenance services

    Telecom infrastructure tech
    See in list
  2. Shaurrya Teleservices

    Provider of telecom infrastructure and digital connectivity solutions for enterprises

    Telecom infrastructure tech
    See in list
  3. Simple2Call

    Cloud-based communication solutions for businesses

    Telecom infrastructure tech
    See in list
  4. Smartware Technologies

    Provider of voip and broadband services for business

    Telecom operators
    See in list
  5. EzWebPresentation

    Provider of internet based communication services for business sectors

    Telecom operators
    See in list

Telecom software, OSS/BSS & billing companies

Software providers for telecom billing, network management and operations support.

  1. Varanium Cloud

    Provider of cutting-edge digital & internet services

    Oss & bss
    See in list
  2. Vegayan

    Network management solutions provider

    Oss & bss
    See in list
  3. adino telecom

    Adino Telecom provides telecommunication system integration and product sales.

    Telecom infrastructure tech
    Website
  4. Spacecom

    Provider of software development services

    It services
    Website
  5. Paycable Solutions

    Cloud-based billing and CRM solutions provider

    Oss & bss
    Website

Telecom network integration & outsourcing services

Service companies handling telecom network installation, integration and outsourcing.

  1. ComMedia Solutions

    Provider of telecom system integration and media services

    Bpo services
    See in list
  2. SS Telecom & Infrastructure

    Provider of business outsourcing, wireless network, and system integration services

    Bpo services
    See in list
  3. Glare India

    Software development and telecom network engineering services provider

    Erp services
    Website
  4. Syncroute Infranet

    Provider of business process outsourcing and system integration services

    Bpo services
    Website
  5. Access Telematics Systems

    Developer of surveillance products and equipment

    Telecom infrastructure
    Website

Listed telecom companies in Mumbai

Publicly listed telecom companies headquartered in Mumbai.

  1. MTNL

    Provider of broadband internet, fixed telephony, mobile, and other telecommunication services

    Telecom operators
    See in list
  2. GTL Infrastructure

    Passive infrastructure to wireless operators

    Telecom infrastructure
    See in list
  3. Varanium Cloud

    Provider of cutting-edge digital & internet services

    Oss & bss
    See in list
  4. Reliance Communications

    Indian Telecommunications service provider

    Telecom operators
    See in list
  5. Nelco

    Provider of IT services suite solutions

    Telecom infrastructure tech
    See in list
10 companies in Mumbai

Telecom startups in Mumbai

Recently founded telecom and connectivity startups in Mumbai.

  1. Shaurrya Teleservices

    Provider of telecom infrastructure and digital connectivity solutions for enterprises

    Telecom infrastructure tech
    See in list
  2. Piscis Networks

    Provider of network infrastructure services

    Telecom infrastructure tech
    See in list
  3. CelerityX

    Provider of digitally-enabled networking solution brands

    Telecom operators
    Website
  4. Shree

    Subscription based video streaming platform offering religious content

    Telecom operators
    Website
  5. DigitalLuxe

    Provider of range of digital solutions and services, including network services, audio-visual experience, and e-commerce acceleration, catering to clients' specific needs and preferences

    Telecom operators
    Website
13 companies in Mumbai

Telecom companies hiring in Mumbai

Telecom companies in Mumbai with open jobs right now.

  1. Tata Play Fiber

    Provider of fibre optic broadband internet services

    Telecom operators
    See in list
  2. Station Satcom

    Satellite communication services provider

    Telecom operators
    See in list
  3. Optilink Networks

    Provider of metro ethernet switches, MEN switches, gepon onu, gepon olt, and gpon olt solutions for businesses

    Telecom infrastructure
    See in list
  4. Shaurrya Teleservices

    Provider of telecom infrastructure and digital connectivity solutions for enterprises

    Telecom infrastructure tech
    See in list
  5. Simple2Call

    Cloud-based communication solutions for businesses

    Telecom infrastructure tech
    See in list
9 companies in Mumbai
Mobile reach

Top 10 telecom apps from Mumbai

The most-installed Android apps published by telecom companies headquartered in Mumbai — 887.6M installs between them. 21 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

MyJio: For Everything Jio

by Jio

Installs887.2M
Rating4.4127.3M ratings
Installs, year on year+15%
Last updatedJun 2026
View on Google Play ↗
MyJio: For Everything Jio screenshot 1MyJio: For Everything Jio screenshot 2MyJio: For Everything Jio screenshot 3MyJio: For Everything Jio screenshot 4MyJio: For Everything Jio screenshot 5MyJio: For Everything Jio screenshot 6
3

Microscan: Recharge & Support

by Spacecom

Installs121K
Rating—
Installs, year on year+22%
Last updatedApr 2026
View on Google Play ↗
Microscan: Recharge & Support screenshot 1Microscan: Recharge & Support screenshot 2Microscan: Recharge & Support screenshot 3Microscan: Recharge & Support screenshot 4Microscan: Recharge & Support screenshot 5Microscan: Recharge & Support screenshot 6
7

One Broadband Subscriber

by ONE

Installs30K
Rating—
Last updatedOct 2025
View on Google Play ↗
One Broadband Subscriber screenshot 1One Broadband Subscriber screenshot 2One Broadband Subscriber screenshot 3One Broadband Subscriber screenshot 4One Broadband Subscriber screenshot 5One Broadband Subscriber screenshot 6
10

TRIPonist(dashcam, gps tracker

by Cybersetu

Installs4K
Rating—
Last updatedJul 2024
View on Google Play ↗
TRIPonist(dashcam, gps tracker screenshot 1TRIPonist(dashcam, gps tracker screenshot 2TRIPonist(dashcam, gps tracker screenshot 3TRIPonist(dashcam, gps tracker screenshot 4TRIPonist(dashcam, gps tracker screenshot 5
The business behind the activity

Telecom financials in Mumbai

Revenue, profit and growth from the filed annual accounts of 56 telecom companies in Mumbai, Maharashtra for FY24-25 — 74 of the 160 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 99% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹177,914.70 cr

56 companies filing accounts

combined net profit−₹17,962.74 cr

-10.1% aggregate margin

are profitable75%

42 of 56 companies

median revenue~₹9.6 cr

the typical company

median revenue growth+9%

into FY24-25

earned by the top five99%

revenue concentration

Six-year view

Combined revenue of filing companies

₹110,626.20 crFY19-2061 filers
₹125,453.10 crFY20-2160 filers
₹129,894.59 crFY21-2256 filers
₹147,915.13 crFY22-2359 filers
₹160,729.42 crFY23-2461 filers
₹177,914.70 crFY24-2556 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 53 companies over three years

+20%
FY22-23₹147,283.80 cr−₹16,112.59 cr net
FY23-24₹158,830.84 cr−₹14,507.48 cr net
FY24-25₹176,259.07 cr−₹6,517.71 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr1164% profitable
₹1–10 cr1782% profitable
₹10–100 cr17100% profitable
₹100–1,000 cr650% profitable
Over ₹1,000 cr520% profitable

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking19
0–20%20
20–50%9
50–100%5
Doubled+3

56 companies with accounts for both years; median growth +9%.

Profitability

Profit is concentrated at the top

42profitable
13loss-making
-10.1%aggregate margin
3.3%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
CnergeeCNERGEE TECHNOLOGIES PRIVATE LIMITED
Simple2CallSIMPLE TELECOM PRIVATE LIMITED
Piscis NetworksPISCIS NETWORKS PRIVATE LIMITED
Shaurrya TeleservicesSHAURRYA TELESERVICES PRIVATE LIMITED+69%₹17.41 cr
JRI TechnologiesJRI TECHNOLOGIES PRIVATE LIMITED+63%₹58.40 cr
VegayanVEGAYAN SYSTEMS PRIVATE LIMITED
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
DE-CIX IndiaDE-CIX INTERWIRE INTERNET SERVICES PRIVATE LIMITED37.1%₹32.57 cr
Station SatcomSTATION SATCOM PRIVATE LIMITED29.2%₹68.08 cr
Acropolis EngineeringACROPOLIS ENGINEERING LIMITED
JioRELIANCE JIO INFOCOMM LIMITED21.5%₹115,088.00 cr
Suyog TelematicsSUYOG TELEMATICS LIMITED20.1%₹201.52 cr
Shaurrya TeleservicesSHAURRYA TELESERVICES PRIVATE LIMITED17.4%₹17.41 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Telecom operators33₹161,947.83 cr~₹2.7 cr67%-8.8%
Telecom infrastructure9₹15,547.00 cr~₹70.6 cr78%-24.5%
Telecom infrastructure tech6₹75.82 cr~₹13.2 cr100%7.9%
Leaders

Largest telecom companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
JioRELIANCE JIO INFOCOMM LIMITED₹115,088.00 cr₹24,795.00 cr21.5%+14%
Vodafone IndiaVodafone Idea Limited₹44,183.20 cr+4%
Summit DigitelSummit Digitel Infrastructure Limited₹13,729.00 cr−₹2,995.20 cr-21.8%+7%
GTL InfrastructureGTL INFRASTRUCTURE LTD₹1,365.69 cr−₹875.15 cr-64.1%-4%
MTNLMAHANAGAR TELEPHONE NIGAM LIMITED₹1,307.02 cr−₹3,323.51 cr-254.3%+0%
Tata Play FiberTATA PLAY BROADBAND PRIVATE LIMITED₹383.93 cr−₹101.16 cr-26.3%+17%
Reliance CommunicationsRELIANCE COMMUNICATIONS LIMITED₹278.00 cr−₹8,125.00 cr-2922.7%-7%
ONEONEOTT INTERTAINMENT LIMITED₹276.15 cr−₹67.71 cr-24.5%+5%
SatecSATEC ENVIR ENGINEERING (INDIA) PRIVATE LIMITED₹239.61 cr₹38.69 cr16.1%+55%
Suyog TelematicsSUYOG TELEMATICS LIMITED₹201.52 cr₹40.55 cr20.1%+16%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

Telecom Industry Landscape of India

The financials above are one chapter. The full telecom landscape of Mumbai maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the telecom landscape of Mumbai
For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Telecom funding and M&A across India

160 recorded equity rounds have gone to 2,119 telecom companies in India — how much, at which stage, into which sub-sectors, from whom, and how Mumbai compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months3

US$4.86m

equity rounds, last 24 months9

US$85.63m

raised over five yearsUS$314.21m

38 rounds in India

M&A deals, India68

last 24 months

Capital by year

Equity funding into telecom in India

amount rounds
$8.5m20189
$16m201910
$20bn202021
$26m20215
$35m20229
$17m20236
$150m20249
$81m20257
$4.3m20262

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2020, with US$20.11bn across 21 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$274k4 rounds · median US$137k
SeedUS$21.07m18 rounds · median US$676k
Series AUS$91.75m9 rounds · median US$7.89m
Series BUS$76.65m3 rounds · median US$21.00m
Series CUS$124.46m4 rounds · median US$23.50m
Where the money went · five years

Most-funded sub-sectors

Telecom infrastructure techUS$156.47m15 rounds · 6 companies
Telecom operatorsUS$92.35m11 rounds · 6 companies
Telecom infrastructureUS$49.21m6 rounds · 5 companies
It servicesUS$10.00m1 rounds · 1 companies
Enterprise networkingUS$6.17m4 rounds · 2 companies
Oss & bssUS$0k1 rounds · 1 companies
Corporate activity · last 24 months

M&A in India

60Acquisition
8Merger

Most active acquirers

  1. Bharti Telecom9
  2. Indus towers7
  3. Reliance jio5
  4. Bharti Airtel4
  5. Sar televenture4

Most acquired or merged

  1. Bharti Airtel8
  2. Indus towers4
  3. Airtel4
  4. Vodafone idea4
  5. Associated power structures3

Each deal appears in the events strip at the top of the page.

Telecom funding in Mumbai

5 telecom companies in Mumbai have recorded equity funding, US$20.11bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Mumbai

Meet the people behind telecom companies in Mumbai. 44 of 160 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Mumbai telecom companies by sub-sector

The most common specialisations among telecom companies in Mumbai. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring telecom in India and nearby markets.

Coming soon