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1. INTRODUCTION:-
Idea Cellular (commonly referred to as simply Idea, and stylizedas !dea) is an Indian mobile network operator based in Mumbai,Maharashtra. Idea is a pan-India integrated GSM operator offering 2G, 3G and 4G mobile services. Idea is India’s third largest mobile operator by subscriber base. Idea has 160.08 million subscribers as of June 2015.
During its inception in 1995, Aditya Birla Group, Tata Group and AT&T Wireless each held one-third equity in the company. Following AT&T Wireless' merger with Cingular Wireless in 2004, Cingular decided to sell its 32.9% stake in Idea. This stake was bought by the remaining two stakeholders equally. Tata forayed into the cellular market with its own subsidiary, Tata Indicom, a CDMA-based mobile provider and in April 2006, Aditya Birla Group announced the acquisition of the 48.18% stake held by Tata Group at INR 40.51 a share amounting to INR 44.06 billion with 15% of the stake acquired by Aditya Birla Nuvo and the remaining by Birla TMT holdings Private Ltd. both AV Birla family owned companies. Malaysia based Axiata bought a 19.96% stake in the company in 2009.
Idea competes with other major mobile operators including Airtel, Vodafone, BSNL, Reliance Communications, Aircel, Uninor andTata DoCoMo. On 19 May 2010, in the 3G spectrum auction Idea paid ₹ 5,768.59 crore for spectrum in 11 circles.On 28 March 2011, Idea launched 3G services in Gujarat, Himachal Pradesh, Madhya Pradesh . The launch cities were Ahmedabad, ShimlaIndore
Idea currently supports up to 21.1 Mbit/s over 2G speeds of 256 kbit/s. It also offers GPRS services in urban areas. On 23 November 2011, Idea Cellular launched two 3G handsets in India: Idea 3G smartphone blade and Idea 3G smartphone based on Android 2.2 Froyo.Idea strengthened its customer base after the launch of MNP in India.
Idea Cellular launches 4G LTE services in 75 towns in South India.
We were incorporated as Birla Communications Limited on March 14, 1995 and granted a certificate of commencement of business on August 11, 1995. Our registered office was in Mumbai, Maharashtra. Our name was changed to Birla AT&T Communications Limited on May 30, 1996 following the execution of a joint venture agreement dated December 5, 1995 between AT&T Corporation and Grasim Industries Limited pursuant to which the Aditya Birla Group held 51% of our Equity Share capital and AWS Group held 49% of our Equity Share capital. Our registered office was transferred from Industry House, 1st Floor, 159 Church Gate Reclamation, Mumbai 400 020, Maharashtra to Suman Tower, Plot No. 18, Sector 11, Gandhinagar 382011 Gujarat on October 22, 1996. With effect from January 1, 2001 following our merger with Tata
Cellular Limited the joint venture agreement between AT&T Corporation and Grasim Industries Limited dated December 5, 1995 was replaced by a shareholders agreement dated December 15, 2000 entered into between Grasim Industries Limited on behalf of the Aditya Birla Group, Tata Industries Limited on behalf of the Tata Group and AT&T Wireless Services Inc. on behalf of the AWS Group following which our name was changed to Birla Tata AT&T Limited on November 6, 2001
Idea Cellular Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 37967.37 Cr.) operating in Telecommunications sector.
Idea Cellular Ltd. key Products/Revenue Segments include Telecommunication Services which contributed Rs 31252.07 Cr to Sales Value (99.91% of Total Sales), Other Operating Revenue which contributed Rs 27.40 Cr to Sales Value (0.08% of Total Sales), for the year ending 31-Mar-2015.
For the quarter ended 31-Dec-2015, the company has reported a Consolidate sales of Rs. 9001.43 Cr., up 3.74% from last quarter Sales of Rs. 8676.58 Cr. and up 12.39% from last year same quarter Sales of Rs. 8009.19 Cr. Company has reported net profit after tax of Rs. 764.21 Cr. in latest quarter.
The company’s management includes Mr.PankajKapdeo, Mr.AkshayaMoondra, Mr.PankajKapdeo, Dr.ShridhirSariputtaHansaWijayasuriya, Mr.ArunThiagarajan, Mr.HimanshuKapania, Mr.KumarMangalam Birla, Mr.MohanGyani, Mr.PMurari, Mr.R C Bhargava, Mr.Sanjeev Aga, Mrs.MadhabiPuriBuch, Mrs.Rajashree Birla, Ms.TarjaniVakil.
Company has Deloitte Haskins & Sells LLP as its auditors. As on 31-Dec-2015, the company has a total of 3,600,359,606 shares outstanding.