Company lists
The Maharashtra edition · 2026

Telecom operatorscompanies in Maharashtra

Broadband, mobile operators, business communication, Wi-Fi & wireless, telecom IT and more: the companies building telecom operators in Maharashtra, with their founders, funding, team size and business models.

197 company profiles63 with reported revenue1 with recorded fundingOctober 2026 edition
Maharashtra · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 4.0)

Recent telecom operators business events in India

Funding, M&A, contract wins and launches involving 1,216 telecom operators companies in India, last 24 months: 177 Contracts · 46 M&A deals · 30 launches · 18 funding rounds. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: May 2026.

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
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
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
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
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
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
ContractSupply

Pace Digitek · client: Railtel corporation of india

Pace Digitek has secured an advance Letter of Award worth ₹89 crore from RailTel Corporation of India. The company will supply, install, and commission an IP-based video surveillance…

Railway technology infrastructure
ContractSupply

Lineage power · client: Bharat sanchar nigam (bsnl)

Lineage Power, a material subsidiary of Pace Digitek, has received a purchase order valued at ₹943.51 million (~$10.46 million) to supply battery modules, racks, and associated…

Telecom
LaunchVoWiFi

Bharat Sanchar Nigam

Bharat Sanchar Nigam Ltd has announced an important pan India digital upgrade Voice over Wi-Fi popularly known as Wi-Fi Calling.

Voice over Wi-Fi service
Contract

Vodafone Group · client: Vodafone idea

Vodafone Group will set aside 3,280 million of its shares in Vodafone Idea for Vi’s benefit.

Telecom
ContractSupply

Lineage power · client: Bharat sanchar nigam limited

Pace Digitek Ltd on 31 December 2025 informed stock exchanges that its material subsidiary, Lineage Power Private Limited, has received an advance purchase order worth ₹94.35 crore,…

Telecom
M&AAcquisition · Announced

Bharti enterprises acquires Haier India

Bharti Enterprises, led by billionaire Sunil Mittal, along with global private equity firm Warburg Pincus, is set to acquire a 49 per cent stake in Haier India, according to industry…

Home appliances
ContractSupply

Nvidia · client: Jio Platforms

NVIDIA has commenced the delivery of its latest GH200 AI chips to Indian partners Tata Communications and Jio Platforms.

AI Infrastructure
ContractInfrastructure

HFCL, Rail Vikas Nigam Limited (RVNL), Aerial Telecom Solutions · client: Bharat sanchar nigam limited

HFCL, along with its consortium partners Rail Vikas Nigam Limited (RVNL) and Aerial Telecom Solutions, emerged as the lowest (L1) bidders, earning over ₹8,100 crore contracts from Bharat…

Infrastructure
ContractTechnology

Sahana · client: Railtel corporation of india

Sahana System Limited, through a stock exchange filing, announced that it has received a Letter of Acceptance (LOA) from RailTel Corporation of India Ltd for a major technology…

Digital infrastructure
LaunchGTPL Infinity

Gtpl hathway

GTPL Hathway has taken a major step forward with the launch of GTPL Infinity, its new HITS (Headend in the Sky) platform built on one of the world’s largest C-Band teleports in Ahmedabad.

Platform
LaunchGTPL Infinity

Gtpl hathway

GTPL Hathway Limited today announced the launch of GTPL Infinity, it’s Headend in the Sky (HITS) platform that redefines digital broadcasting infrastructure and content delivery across…

Headend in the Sky (HITS) platform
M&AAcquisition · Completed

Na acquires Bharti Airtel

Cyril Amarchand Mangaldas (“CAM“) advised Goldman Sachs (India) Securities Private Limited (the “Placement Agent“) which acted as the placement agents for the sale of 34,300,000 equity…

M&AAcquisition · Announced

Long-term institutional investors acquires Airtel

Indian Continent Investment Limited (ICIL), part of Bharti Airtel's promoter group, sold 34.30 million shares representing 0.56% stake in the telecom major for Rs 7,200 crore through a…

Telecom
FundingBond sale

Bharti Telecom

India’s Bharti Telecom, the holding company of Bharti Airtel, is looking to raise $1 billion through a bond sale, its second in two months, two sources aware of the matter said on Friday.

Telecommunications
LaunchGoogle AI Pro

Reliance jio

Reliance Jio has widened access to its latest digital offer, allowing users of all age groups to claim 18 months of free Google AI Pro.

AI subscription
ContractTechnology

Chipex Technologies Private Limited · client: Mic electronics

MIC Electronics, through a stock exchange filing, announced that it has entered into a Memorandum of Understanding (MoU) with Chipex Technologies Private Limited to co-develop…

Semiconductor
ContractMaintenance

Pace Digitek · client: Tata teleservices

Pace Digitek Limited has secured a Rs. 185.87 crore Operation & Maintenance contract from Tata Teleservices, starting October 2025 for an initial 3.5 years with possible extension.

Telecom infrastructure

Telecom operators companies in Maharashtra, by revenue

Browse telecom operators companies in Maharashtra 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 63 telecom operators 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 25 of 50

Provider of telecommunication services

Telecom operators
₹115,088.00 crFY 2024-25
+14%2024–2025
100,768+4% 12 mo to Nov 2023LinkedIn · Oct 2026
16 yr2010
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
2,923-4% 12 mo to Sep 2024LinkedIn · Oct 2026
40 yr1986
—No postings tracked

Indian Telecommunications service provider

Telecom operators
₹391.00 crFY 2024-25
-14%2024–2025
18,100-24% 12 mo to Dec 2022LinkedIn · Oct 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

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

Cloud based telephony solutions to small and medium businesses

Telecom operators
₹169.52 crFY 2024-25
+90%2024–2025
67LinkedIn · Oct 2026
18 yr2008
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 · Oct 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

Provider of internet services

Telecom operators
₹36.68 crFY 2024-25
+6%2024–2025
188LinkedIn · Jul 2026
14 yr2012
0none in 3 months

Provider of wireless broadband internet services

Telecom operators
₹30.89 crFY 2024-25
-14%2024–2025
—Not available
16 yr2010
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

Fiber-optic and wireless internet services provider

Telecom operators
₹23.33 crFY 2024-25
+2%2024–2025
—Not available
20 yr2006
0none in 3 months

Provider of high-speed broadband internet connections

Telecom operators
₹23.26 crFY 2024-25
+5%2024–2025
74LinkedIn · Jul 2026
18 yr2008
1postings · last posted Sep 2026

Provider of wi-fi internet services

Telecom operators
₹19.21 crFY 2024-25
+3%2024–2025
92LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Provider of voip and broadband services for business

Telecom operators
₹9.83 crFY 2024-25
-38%2024–2025
—Not available
12 yr2014
0none in 3 months

Fibre optic internet services provider

Telecom operators
₹8.76 crFY 2024-25
+10%2024–2025
—Not available
11 yr2015
0none in 3 months

Provider of telecommunications services

Telecom operators
₹8.71 crFY 2024-25
-5%2024–2025
20LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Provider of telecommunications services

Telecom operators
₹7.53 crFY 2021-22
Not reported
34+10% 12 mo to Sep 2024recorded Sep 2024
36 yr1990
—No postings tracked

Provider of high-speed internet services at affordable prices

Telecom operators
₹7.74 crFY 2024-25
-15%2024–2025
—Not available
24 yr2002
0none in 3 months

Fiber-optic internet and CCTV services provider

Telecom operators
₹7.57 crFY 2024-25
-19%2024–2025
28+8% 12 mo to Aug 2023recorded Aug 2023
23 yr2003
0none in 3 months

Provider of broadband internet services

Telecom operators
₹7.54 crFY 2024-25
+71%2024–2025
—Not available
11 yr2015
0none in 3 months

Provider of internet services for hospitality sector

Telecom operators
₹7.19 crFY 2024-25
+12%2024–2025
—Not available
12 yr2014
0none in 3 months

Provider of high-speed internet, data, voice, and video services

Telecom operators
₹6.61 crFY 2024-25
-13%2024–2025
21LinkedIn · Jul 2026
26 yr2000
0none in 3 months

Fiber optic internet services provider

Telecom operators
₹4.61 crFY 2024-25
+24%2024–2025
92LinkedIn · Jul 2026
25 yr2001
0none in 3 months
50 of 197 companies shown here · the full list is on Radar
Fliar Radar

Explore all 197 telecom operators companies in Maharashtra on Radar

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

Open telecom operators in Maharashtra on Radar
  • Every company, not just 50All 197 telecom operators 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 operators in Maharashtra by what you are looking for

Find the top telecom operators in Maharashtra, from major mobile operators to local broadband providers. Browse telecom companies in Maharashtra and the list of telecom operators in India by service type.

8 ways to explore telecom operators in Maharashtra

Broadband & internet service providersMobile & cellular operatorsBusiness communication & VoIP providersWireless, public Wi-Fi & satellite providersTelecom software & IT servicesListed telecom operators in Maharashtra

Broadband & internet service providers

Wired and fibre broadband providers serving homes and businesses.

  1. MTNL

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

    Telecom operators
    See in list
  2. Tata Play Fiber

    Provider of fibre optic broadband internet services

    Telecom operators
    See in list
  3. ONE

    Fiber-optic internet and TV services provider

    Telecom operators
    See in list
  4. Station Satcom

    Satellite communication services provider

    Telecom operators
    See in list
  5. Microscan

    Fiber optic network and data connectivity services provider in India

    Telecom operators
    Website

Mobile & cellular operators

Mobile network operators and MVNOs providing cellular services.

  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. Station Satcom

    Satellite communication services provider

    Telecom operators
    See in list
  5. Mehta Group

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

    Telecom operators
    See in list

Business communication & VoIP providers

Providers of business telephony, VoIP and international calling.

  1. Big V

    Cloud based telephony solutions to small and medium businesses

    Telecom operators
    See in list
  2. Intech Online

    Operator of internet services

    Telecom operators
    Website
  3. Smartware Technologies

    Provider of voip and broadband services for business

    Telecom operators
    See in list
  4. Jetway Broadband

    Fixed-line, satellite internet and VoIP telephony services provider

    Telecom operators
    See in list
  5. WiFonic Technologies

    WiFi Hotspot and network security solutions provider

    Telecom operators
    Website

Wireless, public Wi-Fi & satellite providers

Providers of wireless internet, public Wi-Fi hotspots and satellite links.

  1. Station Satcom

    Satellite communication services provider

    Telecom operators
    See in list
  2. D-VoiS SSV Broadband

    Provider of high-speed internet services through wireless, wired, and other connectivity solutions, catering to residential and commercial customers

    Telecom operators
    Website
  3. Intech Online

    Operator of internet services

    Telecom operators
    Website
  4. IccNetSpeed

    Provider of wireless broadband internet services

    Telecom operators
    See in list
  5. DNA Broadband

    Fiber-optic and wireless internet services provider

    Telecom operators
    See in list

Telecom software & IT services

IT, OSS/BSS and data services supporting telecom networks.

  1. NeSecure

    Provider of network segmentation, compliance audit logs, threat analytics, and application control solutions

    Telecom operators
    See in list
  2. Accrivis

    Online software for data exchange

    Enterprise information management
    Website
  3. Spacecom

    Provider of software development services

    It services
    Website
  4. Aim Enterprises

    Provider of IT suite solution

    It services
    Website

Listed telecom operators in Maharashtra

Publicly listed telecom operators in Maharashtra.

  1. MTNL

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

    Telecom operators
    See in list
  2. Reliance Communications

    Indian Telecommunications service provider

    Telecom operators
    See in list
  3. Idea Cellular

    Telecommunication service provider

    Telecom operators
    Website
  4. Tata Communications

    Provider of managed WiFi, internet, and other cellular network services

    Telecom operators
    Website
4 companies in Maharashtra

Telecom operator startups in Maharashtra

Newer telecom operators and providers founded in recent years.

  1. M2Py Technologies

    Provider of WiFi internet and fibre network telecommunication services

    Telecom operators
    See in list
  2. Vision Broadband

    Provider of internet connectivity, catering to both residential and business needs

    Telecom operators
    Website
  3. Spacelink Infotech

    Provider of internet leased line services over fiber

    Telecom operators
    Website
  4. CelerityX

    Provider of digitally-enabled networking solution brands

    Telecom operators
    Website
  5. Shree

    Subscription based video streaming platform offering religious content

    Telecom operators
    Website
21 companies in Maharashtra

Telecom operators hiring in Maharashtra

Telecom operators currently hiring.

  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. DNA Infotel

    Provider of high-speed broadband internet connections

    Telecom operators
    See in list
  4. Spark Telecom

    Provider of wired & wireless internet, CCTV, and other services

    Telecom operators
    See in list
  5. Imperium Digital Network

    Provider of telecommunications services

    Telecom operators
    See in list
6 companies in Maharashtra
Mobile reach

Top 10 telecom operators apps from Maharashtra

The most-installed Android apps published by telecom operators companies headquartered in Maharashtra — 887.8M installs between them. 29 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
4

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
9

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
The business behind the activity

Telecom operators financials in Maharashtra

Revenue, profit and growth from the filed annual accounts of 61 telecom operators companies in Maharashtra for FY24-25 — 81 of the 197 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₹162,374.98 cr

61 companies filing accounts

combined net profit−₹14,175.00 cr

-8.7% aggregate margin

are profitable74%

45 of 61 companies

median revenue~₹2.6 cr

the typical company

median revenue growth+4%

into FY24-25

earned by the top five99%

revenue concentration

Six-year view

Combined revenue of filing companies

₹101,054.22 crFY19-2066 filers
₹114,994.96 crFY20-2168 filers
₹118,273.51 crFY21-2262 filers
₹134,618.08 crFY22-2362 filers
₹145,936.41 crFY23-2467 filers
₹162,374.98 crFY24-2561 filers

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

Like-for-like

The same 55 companies over three years

+19%
FY22-23₹134,613.44 cr−₹11,189.48 cr net
FY23-24₹144,329.75 cr−₹10,836.42 cr net
FY24-25₹160,782.23 cr−₹2,727.05 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 cr2065% profitable
₹1–10 cr2383% profitable
₹10–100 cr10100% profitable
₹100–1,000 cr540% profitable
Over ₹1,000 cr333% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking24
0–20%23
20–50%7
50–100%1
Doubled+5

60 companies with accounts for both years; median growth +4%.

Profitability

Profit is concentrated at the top

45profitable
16loss-making
-8.7%aggregate margin
3.1%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
Big VBIGV TELECOM PRIVATE LIMITED+108%₹169.52 cr
Tata Play FiberTATA PLAY BROADBAND PRIVATE LIMITED+17%₹383.93 cr
JioRELIANCE JIO INFOCOMM LIMITED+14%₹115,088.00 cr
MicroscanMICROSCAN INFOCOMMTECH PRIVATE LIMITED₹180.00 cr
Station SatcomSTATION SATCOM PRIVATE LIMITED+9%₹68.08 cr
ReecompsREECOMPS TELESERVICES PRIVATE LIMITED+7%₹59.89 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Station SatcomSTATION SATCOM PRIVATE LIMITED29.2%₹68.08 cr
JioRELIANCE JIO INFOCOMM LIMITED21.5%₹115,088.00 cr
IccNetSpeedINTERMEDIA CABLE COMMUNICATION PRIVATE LIMITED19.6%₹30.89 cr
MicroscanMICROSCAN INFOCOMMTECH PRIVATE LIMITED16.5%₹180.00 cr
Big VBIGV TELECOM PRIVATE LIMITED11.5%₹169.52 cr
Intech OnlineINTECH ONLINE PRIVATE LIMITED6.8%₹81.55 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Telecom operators61₹162,374.98 cr~₹2.6 cr74%-8.7%
Leaders

Largest telecom operators 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%
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%
MicroscanMICROSCAN INFOCOMMTECH PRIVATE LIMITED₹180.00 cr16.5%
Big VBIGV TELECOM PRIVATE LIMITED₹169.52 cr₹19.55 cr11.5%+108%
Intech OnlineINTECH ONLINE PRIVATE LIMITED₹81.55 cr₹5.56 cr6.8%
Station SatcomSTATION SATCOM PRIVATE LIMITED₹68.08 cr₹19.89 cr29.2%+9%
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 operators funding and M&A across India

72 recorded equity rounds have gone to 1,216 telecom operators 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 months0

US$0k

equity rounds, last 24 months3

US$63.00m

raised over five yearsUS$238.97m

16 rounds in India

M&A deals, India46

last 24 months

Capital by year

Equity funding into telecom operators in India

amount rounds
$5.4m20185
$14m20195
$20bn202015
$22m20214
$33m20225
$17m20231
$104m20243
$63m20253

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 15 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$33k2 rounds · median US$33k
SeedUS$9.13m4 rounds · median US$2.30m
Series AUS$28.69m3 rounds · median US$10.00m
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$136.61m4 rounds · 1 companies
Telecom operatorsUS$92.35m11 rounds · 6 companies
It servicesUS$10.00m1 rounds · 1 companies
Corporate activity · last 24 months

M&A in India

40Acquisition
6Merger

Most active acquirers

  1. Bharti Telecom9
  2. Reliance jio5
  3. Bharti Airtel4
  4. Tata communications3
  5. Sar televenture3

Most acquired or merged

  1. Bharti Airtel6
  2. Airtel4
  3. Vodafone idea4
  4. Indian Continent Investment3
  5. Commotion2

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

Founders and momentum in Maharashtra

Meet the people behind telecom operators companies in Maharashtra. 27 of 197 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 operators in India and nearby markets.

Coming soon