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Tata Communications posts Rs 25,104 crore revenue as net profit falls 75 per cent
Digital business crosses 50 per cent as data revenue tops Rs 21,000 crore
MUMBAI: It is officially a case of new year, new gear for Tata Communications. The global tech player dialled into its Board meeting on 22 April 2026 with results that show it is firmly aligned with its digital-first strategy.
The company reported total income of Rs 25,104.45 crore for the financial year ended 31 March 2026, up from Rs 23,238.89 crore a year earlier. Net profit, however, declined to Rs 996 crore, reflecting ongoing investments and structural shifts.
The real headline sits within the data business. For the first time, Tata Communications’ digital portfolio crossed the 50 per cent mark of its total data portfolio. Data revenue itself exceeded Rs 21,000 crore, growing 9.4 per cent year-on-year, underscoring the company’s transition towards high-value digital services.
In the fourth quarter, gross revenue rose 9.4 per cent year-on-year to Rs 6,554.15 crore. Profit after tax came in at Rs 259.27 crore, showing resilience during a period of organisational change.
Segment-wise, data services remained the dominant contributor at Rs 21,440.61 crore. Voice solutions brought in Rs 1,632.81 crore, while the campaign registry business added Rs 844.30 crore. Real estate operations contributed Rs 226.93 crore through lease rentals.
Shareholders have reason to stay on the line, with the Board recommending a final dividend of Rs 17.50 per share, translating to 175 per cent.
On governance, the company has proposed appointing Deloitte Haskins & Sells LLP as statutory auditors for a five-year term starting from the 2027 AGM.
Leadership changes are also in motion. Vivek Manglik will step in as executive vice president, interaction fabric, from 4 May 2026, bringing nearly three decades of experience. At the same time, Mukul Kumar, head of ESG, will retire on 30 April 2026 after a long stint.
With its net debt-to-EBITDA ratio improving to below 2x, Tata Communications is tightening its financials while expanding its digital footprint. As it leans into the AI era, the company appears set on transforming itself from a traditional telecom player into a full-fledged global communications technology company.
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Former Tesla India director Prashanth Menon joins Venttup as strategic advisor
MaaS startup taps global leader to drive scale-up and expansion plans
KOCHI: Venttup has appointed Prashanth R. Menon, former India director at Tesla, as strategic advisor to steer its next phase of growth and global expansion.
Menon brings over two decades of experience across strategy, operations and business transformation. At Tesla, he played a key role in shaping the company’s India entry strategy and building its operations across multiple verticals, while also serving as chairman of the board for Tesla India.
In his new role, he will work closely with Venttup’s leadership team to drive scale-up strategy, strengthen operational efficiency and profitability, and support investor engagement and global market expansion.
Welcoming the appointment, Venttup co-founder and ceo sandeep nair said, “We are excited to welcome Prashanth R. Menon to Venttup. His deep global experience in strategy and transformation, combined with his leadership in scaling global organisations, will help us accelerate our journey towards building a world-class manufacturing startup from India.”
Before his India stint, Menon served as director advisory at Tesla in the US, where he led global teams focused on revenue growth, productivity improvement and cost optimisation. Earlier, he worked with EY, advising senior executives on corporate strategy, mergers and acquisitions, supply chain and operational integration.
Sharing his perspective, Venttup strategic advisor prashanth r. menon said, “I am impressed by the outlook and the energy of the Venttup leadership team, and their vision to build a sustainable and local supply chain to fulfil global needs. Venttup has a promising business model aligned with the Government of India’s Make in India initiative.”
Backing the move, Unicorn India Ventures managing partner bhaskar majumdar said, “A warm welcome to Mr Menon to the Venttup advisory team. His deep industry experience and understanding of global supply chain dynamics will significantly strengthen Venttup’s scale-up strategy and growth journey.”
With this appointment, Venttup is sharpening its focus on building a scalable, globally competitive manufacturing platform, signalling its ambitions to play a larger role in India’s growing deep-tech ecosystem.
