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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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Spark Eighteen acquires Voice AI startup JAM to boost capabilities
Deal brings voice tech edge as studio bets big on AI-led product growth
NEW DELHI: Spark Eighteen has acquired JAM, a Voice AI startup focused on building intelligent voice agents, in a move aimed at strengthening its capabilities in the fast-evolving artificial intelligence space.
Founded by Aayush Narang, Spark Eighteen has positioned itself as a global technology partner with a team of over 200 engineers, building digital products for startups and enterprises, particularly in the US market. The company operates a venture-building arm, Spark Eighteen Studio, alongside its investment vertical, Aay Capital, which backs early-stage startups.
JAM, founded by Ashish Khurana and Akshay Dewan, brings expertise in deploying scalable, human-like voice AI systems across use cases such as customer support, operations and workflow automation. Both founders were early team members at Zomato and Hyperpure, adding operational depth to the venture.
As part of the acquisition, Akshay Dewan will join Spark Eighteen as vice president of product and business operations, bringing experience in product strategy and scaling operations. Meanwhile, Ashish Khurana, who previously held leadership roles including senior director of engineering at Yubi and head of engineering at Zomato, will exit the company following the completion of the deal.
The acquisition will see JAM integrated into Spark Eighteen Studio, where it will contribute to building and scaling new AI-driven products, particularly in the voice interface layer, an area gaining traction as businesses look to simplify interactions with customers and systems.
Commenting on the move, Spark Eighteen founder Aayush Narang said, “Voice is emerging as a dominant interface in how businesses interact with customers and systems. JAM brings a strong foundation in this space, and together we aim to accelerate the adoption of intelligent, scalable voice solutions globally.”
Echoing this sentiment, JAM co-founder Ashish Khurana said, “We’ve always believed voice AI will fundamentally reshape user experiences in the tech and digital space. By joining Spark Eighteen, we are set to scale capabilities, talent and deploy faster across global markets.”
With this acquisition, Spark Eighteen is doubling down on its AI-first strategy, combining product engineering, venture building and investment under a unified ecosystem. As voice continues to gain ground as the next big interface, the deal positions the company to stay ahead in a rapidly shifting digital landscape.
