Mahanagar Telephone Nigam Ltd

NSE: MTNL BSE: 500108

₹23.60

-0.11 (0.46%)

Thu, 22 Oct 2026, 04:20 pm

MTF 5xInvest in Mahanagar Telephone Nigam Ltd with 5x Leverage Buy with MTF

Market Cap (in Cr)1492.47

PE Ratio0

Dividend0

Communications

Major Telecommunications

24.5K

Mahanagar Telephone Nigam Ltd Company History

1986

Incorporated February 28 as public limited company under Companies Act, 1956.
Took over Delhi and Mumbai Telephone Districts.
Issued 1,500,000 14% and 10% redeemable non-convertible bonds publicly in November.
Issued additional 750,000 bonds due to oversubscription.
Privately placed 1,588,460 14% bonds.
Issued shares to President of India, 5,999,984 without cash payment.

1987

Allotted 112,133 14% and 1,926,327 10% bonds in February/March.

1995

Converted junction network to fibre optic with SDH for self-healing.

1996

Floated Rs 359.26 crore bonds (11th 'A' and 12th series) on private placement.

1997

Introduced VAS: datacom, INET, DID/PABX, Voice Mail, Radio Paging, ISDN.
Extended Phone Plus: dynamic locking, call waiting/transfer, hotline.
Introduced IVRS, CD-ROM directory, online PC enquiry.
Initiated WiLL, GSM mobile, B-CDMA pilot, smart payphones, DLC fibre.
Introduced electronic clearing and bill payment system.
Issued 700,000 equity shares as 350,000 GDRs at US $11.958 each.

1998

Waiting list reduced to 1,047 Delhi and zero Mumbai.
Proposed WiLL security deposit reduction to Rs 15,000 with bank guarantee.
Approved JV with TCIL for basic and cellular services.
Setting up networks in Kuwait and Comoros.
Developing anti-tapping software.
Launched first toll-free service in Delhi.
Invited JV partners for cellular service with 51% stake.
Implemented accounting system with TCS.
GDR issue ranked top 10 international equity issues.
Initiated restructuring and Rs 450 crore bond placement talks.

1999

Proposed cash-and-stock deal to DoT.
Proposed JV with TCIL for West Bengal and Jammu & Kashmir.
Expanding WLL to 50,000 Mumbai and 10,000 Delhi subscribers.
Released Phone Book 1999 directory.
Proposed Rs 85 stock option price to DoT.
Proposed GDR issue with NYSE listing.

2000

Tied up with MasterCard for credit card bill payments.
Soft-launched GSM mobile services in Delhi and Mumbai.
Awarded Rs 32 crore Fixed Wireless Terminals contract for Delhi CDMA.
Allied with American Express for co-branded credit card.
Launched cellular service in Mumbai August 15.
Setting up basic and cellular services in Nepal.
Faced employee strikes demanding pay revision.
Appointed Narendra Sharma as CMD.
Opened two Mumbai customer service centres.
Transferred ISP licence and business to Millennium Telecom.

2001

Developed dedicated cellular operations division.
Launched Dolphin cellular service in Delhi February 6.
CMD Narinder Sharma received Millennium Man of the Year award.
Planned 330,000 net switching capacity and 50,000 WLL lines.
Tied up with Billjunction.com for online bill payments.
Enabled Dolphin roaming facility.
Tied up with WorldTel for Bangladesh basic services.
Delhi High Court upheld Narinder Sharma's CMD appointment.
Dolphin added 13,000 Mumbai subscribers in October.
Allied with IDBI Bank for ATM and Internet bill payments.

2002

Launched WLL service in Mumbai.
Launched pre-paid cellular card 'Trump' with 50% lower tariffs.
Government permitted MTNL and BSNL to compete in basic services.
Set up ComSoft for communications software.
IDBI Bank signed MoU for bill payments.
Announced unlimited cell calls for Rs 1,900.
Stock price hit nine-year low of Rs 95.
Announced new codes for Delhi consumers.
Stopped Trump pre-paid card sales.

2003

Missed WLL-M expansion deadline in Delhi.
Partnered with RailTel for OFC bandwidth.
Announced free incoming calls.
Formulated and approved VRS for employees.
DoT signed MoU for 2003-04.
TRAI rejected new WLL tariffs.
Cut cellular tariffs and reduced CDMA rates by 50%.
Awarded WLL-M handset contract to Kyocera.
Partnered with Nokia and Samsung for WLL handsets.
Received licence for telephone and ILD services in Mauritius.
Launched Rs 100 monthly fixed line plan with free incoming and VCC outgoing.
Narinder Sharma retired as CMD October 31; R. S. P. Sinha given officiating charge.
Appointed A. K. Girotra and R. L. Dubey as ex-officio directors December 19.
Launched 'Plan 160' and 'Economy Plan' for WLL.

2004

Launched new schemes for ISDN subscribers.
Unveiled SMS facilities on landlines.
Bagged licences for telecom services in Mauritius and Kenya.
Entered strategic alliance with BSNL for voice and data services.
Announced Rs 160 monthly rental plan with no free calls.
Awarded GSM line contract to Motorola.
Launched leased line services from 64 kbps to 2 Mbps.
Unveiled VAS for Mumbai landline customers.

2005

Launched broadband services with BSNL from January 14 at Rs 500 per month.
VRS closed January 31 with around 2,000 applications from 58,000 staff.
Rolled out Rs 1,000 crore tender for 3G services.
Red Hat partnered with MTNL's CETTM centre.

2006

Received National Long Distance (NLD) licence.
Teamed with Aksh Opticfibre for IPTV.
Signed JV agreement with Software Technology Parks.
Set to launch 3-in-1 services.

2007

Appointed S. P. Pachauri as Director (HR) effective December 6.
Planned tie-up with Novatium for Net access device.
Set to acquire Sri Lankan Suntel.
Received Rs 1,461 crore income tax refund.

2008

Partnered with Contakt Tech Solutions for Express Alert VAS.
Launched 3G services in Delhi.

2009

Launched 3G services in Mumbai.

2010

R. S. P. Sinha relinquished CMD charge; Kuldip Singh given additional CMD charge effective January 15.

2011

Appointed Ashok Kumar Garg as Chairman and Managing Director.

2012

Signed MoU with Welingkar Institute for telecom management programs.
Shifted registered office to Mahanagar Doorsanchar Sadan, New Delhi.

2013

Rs 3,000 crore guarantee space available for FY 2012-13.
Introduced broadband video telephony service.
Planned Rs 400 crore injection to increase 3G speed 6-fold.

2014

Raised Rs 1,500 crore via bond sale to FIIs.
Share price gained over 6% on BSNL merger reports.