Company lists
The Maharashtra edition · 2026

Telecom infrastructurecompanies in Maharashtra

Operation & maintenance, tower companies, system integrators, engineering & installation, IT & security and more: the companies building telecom infrastructure in Maharashtra, with their founders, funding, team size and business models.

44 company profiles20 with reported revenue1 with recorded fundingOctober 2026 edition
Maharashtra · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent telecom infrastructure business events in India

Funding, M&A, contract wins and launches involving 437 telecom infrastructure companies in India, last 24 months: 65 Contracts · 25 M&A deals · 5 funding rounds · 2 launches. 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
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

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

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
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
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
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…

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
M&AAcquisition · Completed

Dr. Bondada Raghavendra Rao acquires Bondada Engineering

Dr. Bondada Raghavendra Rao purchased 2,200 equity shares through open market transactions on February 13, 2026.

M&AAcquisition · Announced

Waaree Renewable Technologies acquires Associated power structures

Waaree Renewable Technologies Ltd (WRT) has announced plans to invest ₹1,225 crore to acquire a controlling stake in Associated Power Structures Ltd, a manufacturer of power transmission…

Power transmission towers and substations (EPC)
ContractSupply

Diamond Power Infrastructure Limited · client: Bondada Engineering

The company has also received a work order worth Rs. 55.54 Crores from Bondada Engineering Limited for the supply of power cables.

Energy
FundingConvertible warrants

Sar televenture

Shares of telecom infrastructure company SAR Televenture will be in focus when the markets open on Monday, i.e. December 15, 2025, as the company has informed exchanges that it has…

Telecom infrastructure
LaunchAster Chain L1

Aster

"the launch of Aster Chain L1."

Blockchain L1
M&AAcquisition · Announced

Bharti Airtel acquires Indus towers

Bharti Airtel Ltd (NSE: BHARTIARTL) witnessed a sharp uptick in early trade on Tuesday, November 4, after its board approved acquiring an additional 5% stake in its telecom…

Telecommunications
ContractInfrastructure

ITI Limited · client: Gujarat Industrial Development Corporation

ITI has also implemented projects worth ₹107 crore for the Gujarat Industrial Development Corporation (GIDC) in FY 2023–24 and 2024–25, modernizing Integrated Command and Control Centres…

Technology
ContractSupply

Valiant communications · client: Indian State Electricity Boards

Valiant Communications Limited has obtained purchase orders from System Integrators from the private sector for supply of its Communication, Protection and Synchronization equipment…

Power Utilities
ContractService

ITI Limited · client: Guj info petro

ITI Limited, India’s premier public sector telecom company, has been empanelled as a System Integrator by Guj Info Petro Limited (GIPL) for two major IT projects in Gujarat. The 36-month…

IT / Telecommunications
LaunchRhinoTech

Optiemus infracom

Optiemus Infracom Limited, a leading electronics manufacturer, on Wednesday launched India’s first premium ‘tempered glass screen protectors’ brand ‘RhinoTech’ – which uses glass…

Screen protector
M&AAcquisition · Completed

KKR and Canada Pension Plan Investment Board (CPPIB) Group acquires Bharti infratel

TELECOMMUNICATION COMPANY BHARTI AIRTEL HAS SOLD 10.3 PER CENT STAKE IN ITS MOBILE TOWER UNIT BHARTI INFRATEL TO THE GROUP OF KKR AND CANADA PENSION PLAN INVESTMENT BOARD AT RS 6,193.9…

Telecommunications Infrastructure
M&AAcquisition · Announced

Amphenol corporation acquires ADC India Communications

Amphenol Corporation (Acquirer) has made a move to acquire up to 26 percent (11,96,000 equity shares) of ADC India Communications Ltd from public shareholders, offering Rs 1,179.92 per…

FundingInitial Public Offering

Orient cables

Orient Cables (India) Limited has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”). The Company plans to raise funds…

Manufacturing
ContractService

Zaggle Prepaid Ocean Services · client: Indus towers

Zaggle has secured significant customer wins recently, driving its growth, including a perpetual contract to provide Indus Towers Limited with its Zaggle Save employee expense management…

ContractSupply

Valiant communications · client: Tejas networks

Valiant Communications Ltd, a leading provider of telecom, synchronization, and cybersecurity solutions, announced via a stock exchange filing on June 27, 2025, that it has received a…

Power & Energy
Funding

Brihaspathi technologies

Brihaspathi Technologies Limited, a city-based AI surveillance and security solutions provider, has raised $10 million in funding from foreign institutional investors (FIIs) and others.

Investors foreign institutional investors (FIIs), Others
AI surveillance and security solutions
ContractService

Iti · client: C-dot

ITI has completed a Rs 200 crore land transaction with C-DOT for its 22-acre property in Electronic City, Bengaluru. The final payment of Rs 25 crore was received, resolving a…

M&AAcquisition · Pending

Indus towers acquires JSW Green Energy Eight Limited

Indus Towers, a Bharti Airtel subsidiary company, has announced that it is acquiring 26% stake in JSW Green Energy Eight Limited.

M&AAcquisition · Announced

Aster acquires Totalenergies ventures

Aster was chosen to take over most of the assets from TotalEnergies CVC arm, TotalEnergies Ventures.

ContractSupply

HFCL Ltd · client: ITI Limited

Recently, the company secured purchase orders worth Rs 76.21 Crores, including an export order of USD 6.91 Million (Rs 59.19 Crores) from an overseas telecom firm and a domestic order of…

Telecom

Telecom infrastructure companies in Maharashtra, by revenue

Browse telecom infrastructure companies in Maharashtra by reported revenue, one-year revenue growth, revenue model, age and stage. The 20 companies below are the largest by their most recent reported revenue among 20 telecom infrastructure companies in 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 20 of 20

Provider of wireless telecommunication infrastructure services

Telecom infrastructure
₹13,729.00 crFY 2024-25
+7%2024–2025
73-1% 12 mo to Jun 2024LinkedIn · Oct 2026
13 yr2013
0none in 3 months

Passive infrastructure to wireless operators

Telecom infrastructure
₹1,365.69 crFY 2024-25
-4%2024–2025
1,011+10% 12 mo to Sep 2024LinkedIn · Oct 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
137+13% 12 mo to Sep 2024LinkedIn · Oct 2026
20 yr2006
0none in 3 months

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
3,336-2% 12 mo to Sep 2024LinkedIn · Oct 2026
39 yr1987
—No postings tracked

Provider of tower installation and upgradation services

Telecom infrastructure
₹174.27 crFY 2023-24
Not reported
102+67% 12 mo to May 2024LinkedIn · Oct 2026
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 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

Provider of earthmoving, construction, and infrastructure services

Telecom infrastructure
₹33.12 crFY 2023-24
Not reported
73+7% 12 mo to Sep 2024recorded Sep 2024
13 yr2013
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

Telecommunication infrastructure provider offering services such as fiber optic solutions, tower erection, and pole erection

Telecom infrastructure
₹24.89 crFY 2024-25
+29%2024–2025
—Not available
17 yr2009
0none in 3 months

Provider of industrial wireless remote control systems for cranes

Telecom infrastructure
₹13.86 crFY 2024-25
+32%2024–2025
—Not available
16 yr2010
0none in 3 months

Provider of telecom system integration and media services

Bpo services
₹11.77 crFY 2021-22
Not reported
133+137% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Provider of networking, servers, and software services

It services
₹4.43 crFY 2024-25
-75%2024–2025
8+50% vs previous recordLinkedIn · Jul 2026
37 yr1989
0none in 3 months

Provider of guided city tours and sightseeing excursions

Telecom infrastructure
₹1.09 crFY 2024-25
-9%2024–2025
34+12% 12 mo to Aug 2024LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Fiber optic network and infrastructure services provider in India

Telecom infrastructure
₹98.10 lakhFY 2023-24
Not reported
2LinkedIn · Jul 2026
14 yr2012
0none in 3 months

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

Bpo services
₹84.07 lakhFY 2024-25
Not reported
—Not available
16 yr2010
0none in 3 months

Software development and telecom network engineering services provider

Erp services
₹52.30 lakhFY 2024-25
-43%2024–2025
5+100% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months
20 of 44 companies shown here · the full list is on Radar
Fliar Radar

Explore all 44 telecom infrastructure companies in Maharashtra on Radar

This page shows the top 20. Radar has the complete, filterable list with contacts and live company signals.

Open telecom infrastructure in Maharashtra on Radar
  • Every company, not just 50All 44 telecom infrastructure companies in Maharashtra, 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.
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Explore telecom infrastructure companies in Maharashtra by what you are looking for

Browse telecom infrastructure companies in Maharashtra and telecom tower companies, from operation and maintenance to system integration. You can also see listed telecom infrastructure companies and telecom infra companies that are hiring.

6 ways to explore telecom infrastructure in Maharashtra

Telecom operation & maintenance companiesTelecom tower & passive infrastructure companiesTelecom system integrators & network servicesTelecom engineering & installation contractorsTelecom IT, networking & surveillance companiesListed telecom infrastructure companies in Maharashtra

Telecom operation & maintenance companies

Providers that run and maintain telecom networks and sites.

  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. Suyog Telematics

    Provider of tower installation and upgradation services

    Telecom infrastructure
    See in list
  5. Optilink Networks

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

    Telecom infrastructure
    See in list

Telecom tower & passive infrastructure companies

Tower owners and installers providing passive infrastructure to operators.

  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. Suyog Telematics

    Provider of tower installation and upgradation services

    Telecom infrastructure
    See in list
  4. Runaya

    Provider of metal recycling services

    Telecom infrastructure
    See in list
  5. Real Constro Projects

    Provider of earthmoving, construction, and infrastructure services

    Telecom infrastructure
    See in list

Telecom system integrators & network services

Companies that plan, integrate and roll out telecom networks.

  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
    See in list
  4. Syncroute Infranet

    Provider of business process outsourcing and system integration services

    Bpo services
    Website
  5. Atel Telecom Solution Service

    Provider of telecom network integration services

    Bpo services
    Website

Telecom engineering & installation contractors

Engineering, furnishing and installation firms for telecom sites.

  1. Satec

    Company specializing in engineering and infrastructure solutions

    Solar energy
    See in list
  2. Commtel Networks

    Commtel Networks is a global engineering and technology company.

    Telecom infrastructure
    Website
  3. Runaya

    Provider of metal recycling services

    Telecom infrastructure
    See in list
  4. Real Constro Projects

    Provider of earthmoving, construction, and infrastructure services

    Telecom infrastructure
    See in list
  5. Core Team Solutions

    Provider of guided city tours and sightseeing excursions

    Telecom infrastructure
    See in list

Telecom IT, networking & surveillance companies

Networking, software and surveillance technology providers.

  1. AVI Electronics & Networks

    Provider of networking, servers, and software services

    It services
    See in list
  2. Glare India

    Software development and telecom network engineering services provider

    Erp services
    See in list
  3. Access Telematics Systems

    Developer of surveillance products and equipment

    Telecom infrastructure
    Website

Listed telecom infrastructure companies in Maharashtra

Publicly listed telecom infrastructure companies.

  1. GTL Infrastructure

    Passive infrastructure to wireless operators

    Telecom infrastructure
    See in list
  2. Suyog Telematics

    Provider of tower installation and upgradation services

    Telecom infrastructure
    See in list
  3. Kore Digital

    Provider of telecom and infrastructure development services

    Telecom infrastructure
    Website
3 companies in Maharashtra
The business behind the activity

Telecom infrastructure financials in Maharashtra

Revenue, profit and growth from the filed annual accounts of 16 telecom infrastructure companies in Maharashtra for FY24-25 — 19 of the 44 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₹15,834.58 cr

16 companies filing accounts

combined net profit−₹3,763.50 cr

-23.8% aggregate margin

are profitable81%

13 of 16 companies

median revenue~₹28.7 cr

the typical company

median revenue growth+11%

into FY24-25

earned by the top five99%

revenue concentration

Six-year view

Combined revenue of filing companies

₹9,211.75 crFY19-2018 filers
₹9,962.05 crFY20-2117 filers
₹11,773.21 crFY21-2218 filers
₹12,952.40 crFY22-2318 filers
₹14,994.89 crFY23-2419 filers
₹15,834.58 crFY24-2516 filers

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

Like-for-like

The same 15 companies over three years

+22%
FY22-23₹12,909.50 cr−₹4,922.76 cr net
FY23-24₹14,783.06 cr−₹3,652.25 cr net
FY24-25₹15,763.97 cr−₹3,766.98 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 cr367% profitable
₹1–10 cr2100% profitable
₹10–100 cr7100% profitable
₹100–1,000 cr2100% profitable
Over ₹1,000 cr20% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking7
0–20%3
20–50%5
50–100%1
Doubled+0

16 companies with accounts for both years; median growth +11%.

Profitability

Profit is concentrated at the top

13profitable
2loss-making
-23.8%aggregate margin
3.9%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
SatecSATEC ENVIR ENGINEERING (INDIA) PRIVATE LIMITED+55%₹239.61 cr
Acropolis EngineeringACROPOLIS ENGINEERING LIMITED+32%₹13.86 cr
Purple SoilPURPLE SOIL TECHNOLOGY VENTURES PRIVATE LIMITED+29%₹24.89 cr
LamhasLamhas Satellite Services Limited+23%₹94.10 cr
ComMedia SolutionsCOMMEDIA SOLUTIONS PRIVATE LIMITED+21%₹17.28 cr
Suyog TelematicsSUYOG TELEMATICS LIMITED+16%₹201.52 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
DE-CIX IndiaDE-CIX INTERWIRE INTERNET SERVICES PRIVATE LIMITED37.1%₹32.57 cr
Acropolis EngineeringACROPOLIS ENGINEERING LIMITED23.9%₹13.86 cr
Suyog TelematicsSUYOG TELEMATICS LIMITED20.1%₹201.52 cr
SatecSATEC ENVIR ENGINEERING (INDIA) PRIVATE LIMITED16.1%₹239.61 cr
Purple SoilPURPLE SOIL TECHNOLOGY VENTURES PRIVATE LIMITED9.7%₹24.89 cr
LamhasLamhas Satellite Services Limited5.3%₹94.10 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Telecom infrastructure10₹15,571.89 cr~₹54.6 cr80%-24.4%
Leaders

Largest telecom infrastructure companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
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%
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%
LamhasLamhas Satellite Services Limited₹94.10 cr₹4.96 cr5.3%+23%
DEPLDEPL PROJECTS LIMITED₹70.61 cr₹3.49 cr4.9%-3%
Valu Connex Telecom ServicesVALU CONNEX TELECOM SERVICES PRIVATE LIMITED₹38.55 cr₹1.10 cr2.8%-2%
DE-CIX IndiaDE-CIX INTERWIRE INTERNET SERVICES PRIVATE LIMITED₹32.57 cr₹12.10 cr37.1%+14%
Purple SoilPURPLE SOIL TECHNOLOGY VENTURES PRIVATE LIMITED₹24.89 cr₹2.40 cr9.7%+29%
ComMedia SolutionsCOMMEDIA SOLUTIONS PRIVATE LIMITED₹17.28 cr₹13.45 lakh0.8%+21%
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.

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 infrastructure funding and M&A across India

27 recorded equity rounds have gone to 437 telecom infrastructure companies in India — how much, at which stage, into which sub-sectors, from whom, and how Maharashtra compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months1

US$1.00m

equity rounds, last 24 months3

US$16.78m

raised over five yearsUS$59.21m

7 rounds in India

M&A deals, India25

last 24 months

Capital by year

Equity funding into telecom infrastructure in India

amount rounds
$52k20181
$92k20201
$250k20232
$42m20242
$16m20252
$1.0m20261

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2024, with US$42.19m across 2 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

SeedUS$1.85m4 rounds · median US$595k
Series AUS$57.37m3 rounds · median US$10.00m
Where the money went · five years

Most-funded sub-sectors

Telecom infrastructureUS$49.21m6 rounds · 5 companies
It servicesUS$10.00m1 rounds · 1 companies
Corporate activity · last 24 months

M&A in India

23Acquisition
2Merger

Most active acquirers

  1. Indus towers7
  2. Sar televenture4
  3. Bharti Airtel4
  4. Waaree Renewable Technologies2
  5. Elation health1

Most acquired or merged

  1. Indus towers4
  2. Associated power structures3
  3. Bharti Airtel3
  4. Bharti infratel2
  5. Aster1

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

Founders and momentum in Maharashtra

Meet the people behind telecom infrastructure companies in Maharashtra. 14 of 44 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Keep exploring telecom infrastructure in India and nearby markets.

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