Telecommunications Consultants India Ltd (TCIL), an engineering and consultancy company under the Department of Telecommunications, Ministry of Communications, has announced the payment of a dividend of Rs 14.20 crore to the Government for the Financial Year 2022-23. The dividend cheque was presented by Sanjeev Kumar, Chairman & Managing Director of TCIL, to Neeraj Mittal, Secretary, Telecom.
Since its inception in August 1978, TCIL has maintained a track record of consistent profitability, making it a Mini Ratna Category – I Status Company. The company has paid a total dividend of Rs 294.19 crore to the Government until FY 2022-23, reflecting its financial stability and success. The dividend is based on the Government’s initial investment in equity of Rs 0.3 Crore, with an additional infusion of Rs 16 crore during the fiscal year 2015-16.
As of March 31, 2023, TCIL’s group and standalone net worth stand at Rs 1,712.00 crore and Rs 618.56 crore, respectively, further solidifying its financial position.
In the fiscal year 2022-23, TCIL achieved an impressive revenue growth of 25 per cent compared to the previous year, reporting total standalone revenue and profit after tax of Rs 2,001.7 crore and Rs 35.50 crore, respectively.
TCIL, with 100 per cent share capital held by the Government of India, has emerged as a prime player in engineering and consultancy, undertaking projects in Telecommunications, IT, and Civil construction both in India and internationally. The company has executed projects in over 70 countries worldwide, with overseas operations spanning Kuwait, Kingdom of Saudi Arabia, Oman, Mauritius, Nepal, and more.
The company is currently engaged in high-value projects for the Government of India, including Rural ICT for the Department of Posts, NFS for Defence, Navy Network, Bharatnet Project for APSFL, Telangana Fiber, BBNL VSAT, Indian Coast Guard, MHA, CCTV Surveillance Projects for State Police, Smart Cities, Railways, e-education, and e-Health Projects.
