Tata Teleservices (Maharashtra) TTML
Tata group telecom circle operator (Maharashtra & Goa) - enterprise/fixed-line and data services since exiting retail mobile in 2019
Mapped in 1 theme: 5G/6G Telecom Buildout.
Where Tata Teleservices (Maharashtra) sits in the supply chain
Tata Teleservices (Maharashtra) appears in 1 supply-chain layer in one theme, 5G/6G Telecom Buildout.
5G/6G Telecom Buildout › Telecom Operators (Demand Side)
OperatorOther companies in this layer
Revenue and profit
| ₹ Cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 1,192 | 1,308 | 1,160 |
| Net profit | −1,228 | −1,275 | −215 |
Latest-year revenue ₹1,160 Cr (FY26, company-wide). Wider screens show FY22 onwards.
Strengths
- Tata Group backing and an established enterprise/fixed-line customer base in the Maharashtra & Goa circle give it a defensible, specialised niche despite exiting the broader retail mobile race
Risks
- Exited retail mobile in 2019 - now a niche enterprise/fixed-line operator with a much smaller addressable base
- Persistent net losses across the reported period
Common questions
What does Tata Teleservices (Maharashtra) do?
Tata group telecom circle operator (Maharashtra & Goa) - enterprise/fixed-line and data services since exiting retail mobile in 2019.
Where does Tata Teleservices (Maharashtra) sit in the supply chain?
Tata Teleservices (Maharashtra) (NSE: TTML) is mapped in 1 supply-chain layer: Telecom Operators (Demand Side) (5G/6G Telecom Buildout).
Who are Tata Teleservices (Maharashtra)'s peers?
In the Telecom Operators (Demand Side) layer of 5G/6G Telecom Buildout: Bharti Airtel, Vodafone Idea, Bharti Hexacom, Tata Communications, Jio Platforms (Reliance Jio Infocomm) (not NSE-listed), Mahanagar Telephone Nigam (MTNL) and 1 more.
What is Tata Teleservices (Maharashtra)'s market cap and valuation?
As of 30 Oct 2026: market cap ₹6,709 Cr, ROCE 55.6%, dividend yield 0%.