About GTL Infrastructure Limited

GTL Infrastructure Limited (GTL Infra) is an IP-1 registered telecom infrastructure provider that builds, owns, operates and maintains passive telecom sites on a shared basis for multiple operators. The Company enables telecom service providers (Telcos) to host active network equipment and transition from a capex-heavy to an opex-based model, optimising cost and efficiency.

Incorporated on February 4, 2004, GTL Infra has played a pivotal role in India’s telecom growth story and is recognised as a pioneer of the tower-sharing model. It holds the distinction of being the first independent telecom tower company in India to be listed on the stock exchanges.

The Company’s core services include:

• Telecom Site Ownership & Maintenance across multi-technology networks (2G/3G/4G/5G and enterprise use-cases).
• Energy Management Services, covering technical audits, energy source optimisation and renewable integration, provided under agreements with major Telcos.

GTL Infra’s operations are entirely domestic, with no international activities and 0% exports. It owns telecom towers across all 22 telecom circles in India, covering 28 States and 5 Union Territories, and operates through 21 offices nationwide.

Its major customers include:
Bharti Airtel Limited, Bharat Sanchar Nigam Limited (BSNL), Reliance Jio Infocomm Limited, and Vodafone Idea Limited.

The Company does not have any holding, subsidiary, associate or joint venture entities; the number of subsidiaries is 0.

Corporate Milestones and Highlights

• Expanded network coverage to include telecom towers across all 22 telecom circles in India.
• Achieved 99.81% network uptime on a year-end basis in FY 2024–25, reflecting high service reliability.
• Maintained a shared infrastructure business model built on predictable, annuity-driven revenues with multi-year renewable contracts featuring built-in escalation clauses.

GTL Infrastructure Limited Key Management

• Mr. Charudatta K. Naik – Chairperson
• Mr. Vikas Arora – Whole-time Director
• Mr. Ajit M. Shanbhag – Chief Financial Officer
• Mr. Nitesh A. Mhatre – Company Secretary & Compliance Officer

Latest Updates on GTL Infrastructure Limited

• Operational Contracts:
  GTL Infra entered into a Maintenance Take Over (MTO) agreement with one of its key customers. Under this contract, reimbursements and energy-related capex are borne directly by the customer, while GTL Infra earns assured revenues over a seven-year term, mitigating financial risk and ensuring predictable cash flows.
• Network Performance:
  The Company sustained network uptime of 99.81% in FY 2024–25, underscoring its strong operational capabilities and reliability across nationwide tower sites.
• Board and Leadership Changes:
  • Independent Directors: Mr. Dhananjay P. Barve and Mr. Ramesh B. Bhosale were appointed as Independent Directors effective August 13, 2024.
  • Non-Executive Appointment: Mr. Jeevan U. Rai joined as a Non-Executive, Non-Independent Director effective September 12, 2024.
  • CFO Transition: Mr. Ajit Shanbhag was appointed as Chief Financial Officer (CFO) and Key Managerial Personnel during the year.
• Capital Instruments:
  As of March 31, 2025, the Company continued to have outstanding Foreign Currency Convertible Bonds (FCCBs). Series B1 and B3 became compulsorily convertible upon maturity on October 27, 2022, and GTL Infra has requested bondholders to furnish requisite details to complete the conversion process.

Operational Footprint and Clients:
GTL Infra confirmed its ownership of telecom towers across all 22 telecom circles, serving India’s leading Telcos under multi-tenant shared models. The Company maintains a strong presence across 28 States and 5 Union Territories, supported by 21 regional offices and no international operations.

Note: All information above is drawn exclusively from GTL Infrastructure Limited’s Annual Report for FY 2024–25, including the Directors’ Report, Management Discussion & Analysis, Notes to Financial Statements, and Corporate Governance Disclosures.