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mFormation plans expansion in India
BANGALORE: mFormation Technologies Inc, the provider of mobile device management solutions, has announced the opening of its new facility in Bangalore which will also serve as the company’s headquarters.
It will be one of mFormation’s three main hubs for product development and will provide professional services and support for customers across the globe.
The Bangalore office has also setup a global Interoperability test centre and enabled device vendors to test their devices against the mFormation product for OMA standards compliance. mFormation is on course to grow the India team to 200 people over the next few years. Moving into the new facility is part of mFormation’s growth strategy to expand it’s human capital to meet growing global customer demands, states an official release.
mFormation Technologies Inc. CEO Mark Edwards says, “Mobile communication devices and networks are no longer exclusive for simple voice calls. They have grown from e-mailing & gaming to become a full fledged corporate computing device. It’s imperative for mobile operators to adopt cutting edge technology to streamline their data services strategy and secure incremental revenues.”
mFormation has drawn in a total investment of about $50 million, after closing a Series D round of $24.5 million in April 2006. In the initial series D funding, the company had raised $15.3 million from the same investors. Existing investors Alex Brown Venture Partners, Battery Ventures, Carmel Ventures, Intel Capital and North Bridge Venture Partners participated in this financing, adds the release.
mFormation Technologies Inc. is a provider of mobile device management software, offering a solution that enables mobile operators to rapidly accelerate their data revenues and reduce support costs. mFormation’s market-leading mFormation Sevice Manager Suite is a comprehensive over-the-air device management software solution in the industry.A modular solution, the suite enables mobile operators to remotely configure settings and new services, diagnose faults, update firmware and software, monitor customer experience and secure device content throughout the subscriber lifecycle.
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Network18 Q4 revenue grows 9.7 per cent, EBITDA at Rs 30 crore
PAT improves to Rs 306.6 crore, margins steady amid cost pressures.
MUMBAI: Not all news is breaking, some of it is quietly improving. Network18 Media & Investments Limited appears to be doing just that, tightening losses and stabilising margins even as costs continue to weigh on the business. For FY26, the company reported revenue from operations of Rs 1,955.1 crore, up from Rs 1,896.2 crore in FY25, signalling modest top-line growth in a challenging media environment. Total income stood at Rs 1,978.2 crore, compared to Rs 1,913 crore a year earlier.
Profit after tax came in at Rs 306.6 crore for the year, a sharp turnaround from Rs 3,225.4 crore in FY25, largely reflecting the absence of large exceptional items that had inflated the previous year’s numbers. On a more comparable basis, the company’s operating performance showed signs of gradual stabilisation.
However, the quarterly picture remained under pressure. For the March quarter, Network18 reported a loss of Rs 53.1 crore, narrower than the Rs 98.1 crore loss in the same period last year, but still indicative of ongoing cost challenges.
Expenses continued to track high. Total expenses for FY26 stood at Rs 2,235.7 crore, up from Rs 2,197.8 crore in FY25. Key cost heads included operational expenses of Rs 765.9 crore, employee benefits of Rs 475.9 crore, and marketing, distribution and promotional spends of Rs 427.1 crore, underlining the continued investment required to sustain reach and engagement.
At an operating level, margins remained under strain. Operating margin stood at 2.33 per cent for FY26, marginally higher than 1.77 per cent in FY25, while net profit margin remained negative at -13.02 per cent, though improved from -14.89 per cent.
On the balance sheet, total assets rose to Rs 8,957.6 crore as of 31 March 2026, from Rs 8,317.5 crore a year earlier. Equity strengthened to Rs 4,958.7 crore, while borrowings increased to Rs 3,112.8 crore, reflecting a higher reliance on debt to support operations.
Cash flows told a mixed story. While financing activities generated Rs 83.9 crore, operating cash flow remained negative at Rs -24 crore, highlighting ongoing pressure on core cash generation. Cash and cash equivalents, however, improved to Rs 33.9 crore from Rs 1.8 crore.
The numbers point to a company in transition growing revenues, trimming losses, but still grappling with structural cost pressures. In a sector where scale often comes at a price, Network18 seems to be inching towards balance, one quarter at a time.
