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Tulip Telecom Ltd.

BSE: 532691 | NSE: TULIP | Series: NA | ISIN: INE122H01027 | SECTOR: Telecommunications - Service

BSE Live

Mar 30, 16:00
1.53 0.00 (0.00%)
Volume
No Data Available
270,683
  • Prev. Close

    1.53

  • Open Price

    1.48

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    0.00 (0)

Tulip Telecom is not traded on BSE in the last 30 days

NSE Live

Mar 30, 15:42
1.55 0.00 (0.00%)
Volume
No Data Available
93,984
  • Prev. Close

    1.55

  • Open Price

    1.55

  • Bid Price (Qty.)

    0.00 (0)

  • Offer Price (Qty.)

    1.55 (3000)

Tulip Telecom is not traded on NSE in the last 30 days

Annual Report

For Year :
2013 2012 2011 2010 2008 2007 2006

Chairman's Speech

Dear Shareholders, I write to you today in the midst of what continues to be a challenging time for both, the telecom sector and the company as well. The telecom sector in India after several years of significant growth has witnessed slowdown due to regulatory and competitive pressures. As a result, the company also witnessed tough times in the recent past. The dynamic environment of telecom sector and a global slowdown has led us to the process of Corporate Debt Restructuring (CDR). Tulip filed for restructuring of its debt in Dec 2012, under India''s CDR mechanism and subsequently got final approval from the CDR. The package covers 12 year door-to-door repayment plan; reduction in interest rates by approximately two and half percent; one and half year moratorium on interest and two and half year moratorium on principal. CDR has not only enabled us to restructure our debts but also given us space to cope up with our financial difficulties. The implementation of the CDR Package in a relatively short time is a testimony to the strength of our business and our capability to secure leadership position in the Enterprise Data Connectivity space. I would like to take this opportunty to extend our gratitute to our lenders for their confidence in the Company and viability of our business. Even, though the network business faced pressures, the data centre business witnessed consolidation. The Data Centre Business looks to be promising in the near term, due to the growing awareness among enterprises about outsourcing and its benefits. The third party data centre market in India is estimated to be US$ 671 MM in 2012-13 as per industries reports, growing by 36.5% compared to the same period of last year. The increasing adoption of third party data centres by enterprises is on account of, escalating real estate, power and cooling costs making captive data centres unaffordable. A greater number of organizations are wanting to focus on their core business areas and are relying on third party expertise to manage their data centre operations effectively. Cost benefits, inability to scale up captive operations, IT skill shortage and increase in outsourcing of end-to-end IT infrastructure management by large organizations to system integrators are other reasons for growth in third party data centres. Utilization of third party data centres for backups and testing environments is another important growth driver for the sector. The growth in market, coupled with lack of additional capacities is expected to increase capacity addition by third parties at a CAGR of 33% between 2010 to 2014. The year 2012-2013 has been a relatively slowjourney for the Company because of the challenging times faced by the telecom industry . Tulip is still committed to offer the highest levels of service to its customers and has always strived for excellence. We firmly believe that we have built extremely strong assets in the last mile wirless and fibre connectity segments and will contninue to leverage this infrastructure which is expected to translate in to healthy performance going forword. Similarly, the data centre is a testimony to the commitment that we hold for our customer, to serve them with the finest and the best in class technology. Today''s organizations are persistently looking for robust and secure infrastructure that is scalable enough to meet their growing demands. Tulip services are just the perfect blend to meet their increasing demands. Tulip continues to be the market leaders in the enterprise data services space and over the years has built the valuable patronage of India''s finest enterprises as its customers. As we now progress and build the next wave of growth, I believe it is important to relook at some structural modifications within our company, which will only help us become stronger and win better in the market place. I take this opportunity to thank all the shareholders for their continued trust in the Board of Directors and the Management. I would also like to express my gratitude to our customers and other business associates for their support and co-operation. The Company has been fortunate to have had focused leaders as well as committed and competent employees. I look forward to your continued faith in the Company''s journey into the future. Best Regards, Lt. Col H.S. Bedi, VSM (Retd.) Chairman and Managing Director, Tulip Telecom Limited