GTL Ltd
NSE: GTL BSE: 500160
₹7.03
(-0.14%)
Wed, 04 Mar 2026, 08:21 pm
Market Cap1.1B
PE Ratio0
Dividend0
Technology Services
Information Technology Services
24.5KCompany History
1987
- Incorporated on December 23 as private limited company.
- Promoted by Manoj Tirodkar, G.R. Tirodkar, and Fritz D'silva.
- Manufactured telecommunication products; extended to fax machines, modem key systems, wireless mobile systems, V-Band systems.
- Undertook distribution and servicing of telecommunication products.
- Entered tie-ups with Tata Keltron Ltd., India Telecomp Ltd., V-Band Corporation USA, and Lane Telecommunication Ltd. UK.
- Set up seven service centres in Mumbai (3), Delhi, Bangalore, Chennai, and Nagpur.
- Procured PCB diagnostic equipment, LCR sortester, distortion meter, and level meter.
1991
- Converted to public limited company on September 12.
1992
- Issued 1,800,000 equity shares of Rs 10 each at par in April; 90,000 reserved for employees.
1993
- Issued 1,200,000 equity shares of Rs 10 each to promoters, directors, and relatives.
1994
- Issued 17,06,250 15% secured fully convertible debentures of Rs 35 each on rights basis in April-May.
- Issued 28,95,000 15% debentures of Rs 40 each to promoters, ICICI, employees, and public.
- Converted debentures: Part A into 4,601,250 equity shares; balance pending.
- Issued 7,000,000 warrants on October 10; converted into 7,000,000 equity shares at Rs 50 each.
1996
- Allotted 200,000 17.5% cumulative convertible preference shares to Bajaj Auto Ltd.
- International Global Tele-Systems Ltd. (Mauritius) established as subsidiary; Elber Trading Pvt. Ltd. as its subsidiary.
1997
- Entered software development and export; started I-Trade CommNet and Logistics Tracking System projects.
- Issued FCCBs worth SFr 60 million; converted portions into equity shares in June, July, and August.
- Signed agreement and bipartite agreement with NSDL for dematerialisation of securities.
- Entered strategic alliances with Samsung, Muratec, Northern Telecom, Ericsson, Nokia, Maxon, and Alcatel.
- Tied up with Iscor (US) for fax systems, E-mail equipment, and EDI.
- Awarded contract by Tata Communications for telecom tower quality audit in Andhra Pradesh.
1998
- Introduced GC 455 two-line cordless phone.
- Launched GC 477 cordless phone with digital answering machine.
- Tied up with GE Information Systems for software development and export.
- Entered alliances with AFNET and UNIFI Communications.
- Privately placed 5,000,000 equity shares at Rs 95 premium in June.
- Appointed Sadanand D. Patil, Prof. Sudhakar C. Sahasrabudhe, and Dipak K. Poddar as additional directors.
- Redeemed 200,000 Cumulative Redeemable Preference Shares placed with Bajaj Auto Ltd.
1999
- Tied up with Silverslate International Ltd. for telecom solutions.
- Entered strategic partnership with GE Information Services.
- Certified by Microsoft as competence centre for Internet and e-commerce.
- Issued 200,000 Cumulative Redeemable Preference Shares privately.
2000
- Allotted 4,981,295 equity shares to FCCB holders.
- Signed MoU with Vysya Bank for e-commerce payments processing.
- Launching call centre at Mahape, Navi Mumbai in October.
- International Global Tele-Systems Ltd. acquired stake in The Voice Company (UK) and The Voice Company Pte. Ltd.; joint venture with Al-Nasser LLC.
- Entered strategic tie-up with Oracle Software India Ltd.
- Allotted equity shares under ESOP: 35,000, 30,496, 85,000, 83,474, and 100,000 to Thermax Systems shareholders.
- Acquired Thermax Systems and Software, and Fine Infotech.
- Entered MOU with Enron for fibre optic broadband network; tied up with Maharashtra State Electricity Board.
- Received Silver Plaque from ICAI for best presented accounts 1998-99.
- Manoj G. Tirodkar won World Young Business Achiever Award.
- T. Rowe Price Associates increased shareholding to 8.79%.
- Amalgamated Global Electronic Commerce Services Ltd. at 1:6 share ratio.
- Signed professional services agreement with Cisco Systems.
- 856,375 outstanding warrants under ESOP.
2001
- Entered MoUs with leading banks for ASP and technology support.
- Allotted up to 26,528,600 equity shares to Global Electronic Commerce Services Ltd. shareholders on amalgamation.
2002
- Won Golden Peacock Award for Excellence in Corporate Governance.
- Approved allotment of 5,000 warrants to employees under ESOP.
2003
- Approved merger of Redington Mauritius Ltd. with company.
- Approved issue of 14.3 crore equity shares at Rs 150 to Chanrais.
- Vijay N. Paranjpe relinquished position as whole-time director.
- Shortlisted with Tata Teleservices by Andhra Pradesh government for e-governance initiatives.
- Entered partnering agreement with GBS LLC.
2004
- Appointed Dr. Michael Clark as Chief Executive Officer effective July 3.
- Partnered with Alcatel for enterprises business in South Asia.
2005
- Received Nortel N power Partner of the Year, Most Significant Competition Breakthrough, and Best Process Compliance awards.
2006
- Appointed Manoj G. Tirodkar as Chairman and Managing Director.
- Acquired UK-based Genesis Consultancy.
- Listed GTL Infrastructure Limited as spin-off.
- Opened office in Thailand.
- Secured first project in Africa.
- Won BSR Award for Corporate Governance.
- President's award given to visually impaired employee Charudutta Jadhav.
- Won APAC Partner of the Year 2006 for Oracle E-Business Suite and Best On-time Renewal Partner from Oracle.
2007
- Hived off Enterprise Networks and Managed Services business to Orange Business Services.
- Won Golden Peacock Global Award for Corporate Governance.
- Entered strategic alliance with Ericsson UK for Managed Network Infrastructure Services in UK and Ireland.
- GTL International acquired SCS, a network deployment company in USA.
- Completed share buyback.
- GTL International acquired ADA Cellworks, a network planning and optimization company in Asia Pacific.
2008
- Won Golden Peacock National Training Award.
- Received Greentech Environment Excellence Silver Award.
- Formed strategic alliance with Vanu Inc. for shared active infrastructure field trials in India.
- Won Outstanding Contributor to Corporate Responsibility Award from Nokia-Siemens.
- Ranked No. 1 Telecom Turnkey Company in V&D 100 Survey.
2009
- Featured in top 10 companies in S&P ESG Index.
- Won Performance Excellence Trophy from IMC Ramkrishna Bajaj National Quality Award.
- Entered Global Supplier Co-operation Agreement with Huawei.
- Secured Rs 324 crore order from Maharashtra State Electricity Distribution Co Ltd.
2010
- Income-tax search conducted at company premises.
2011
- Global Corp and Tulip bought 26% stake in Qualcomm JV.
2012
- Shares of GTL Ltd. and GTL Infrastructure rallied more than 10%.
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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800