About the Company
GTPL Hathway is a leading regional MSO in India (Source: MPA Report), offering cable television and broadband services.They are the number 1 MSO in Gujarat with a market share of 67% of cable television subscribers in 2015, accounting for approximately 3.7 million of 5.6 million cable television households in Gujarat.They are the number 2 MSO in Kolkata and Howrah in West Bengal with a market share of 24% of cable television subscribers in this market in 2015, accounting for approximately 0.7 million of 3.0 million cable television households in Kolkata and Howrah.GTPL Hathway accounted for 14% share of the total cable carriage and placement fee market in India.
Company digital cable television services reached 169 towns across India, including towns in Gujarat, West Bengal, Maharashtra, Bihar, Assam, Jharkhand, Madhya Pradesh, Telangana, Rajasthan and Andhra Pradesh.As of September 30, 2016, Company has seeded approximately 6.19 million STBs and had approximately 5.41 million active digital cable subscribers. As of August 31, 2016 they had approximately 2.02 million analog cable subscribers, for which they have received requisitions for digital STBs from LCOs. As of September 30, 2016, Company had 217,823 broadband subscribers.
Company was incorporated in August 2006 by the promoters, Mr. Aniruddhasinhji Jadeja and Mr. Kanaksinh Rana, through the consolidation of cable service businesses in Ahmedabad and Vadodara. In October 2007, Hathway acquired a 50% share of the business. Over the past ten years, company has grown both organically, through the
expansion of services, and inorganically, through acquisitions, joint ventures or by entering into Right to Use Agreements with other smaller regional MSOs, LCOs and ISOs.
TOP Shareholders :
| Sr.No. | Shareholder Name | Number of Equity Shares held | Percentage of Equity Share Capital % |
|---|---|---|---|
| 1. | Hathway | 49,172,694 | 50.00 |
| 2. | Gujarat Digi | 28,631,694 | 29.11 |
| 3. | Mr. Aniruddhasinhji Jadeja | 14,380,650 | 14.62 |
| 4. | Mr. Kanaksinh Rana | 5,125,000 | 5.21 |
| 5. | Mr. Amit Shah | 1,035,250 | 1.05 |
| 6. | Ms. Sejalben Shah | 50 | Negligible |
| 7. | Mr. Siddharth Rana | 50 | Negligible |
| Total | 98,345,388 | 100% |
Strengths of Company:
- One of the leading regional MSOs with significant market share in Gujarat and Kolkata.
- High quality infrastructure network.
- Balanced local and regional content offering to attract and retain subscribers.
- Successful track record of identifying, acquiring and integrating MSOs, ISOs and LCOs.
- Experienced Promoters and management team with proven execution track record backed by Hathway, one of India’s leading MSOs.
Future Strategies of the Company:
- Grow subscriber base in our existing markets and enter into new geographies.
- Increase primary subscriber base.
- Increase the focus on high quality digital offerings and the provision of regional content.
- Increase the broadband offering and subscriber base.
Objectives of the Company:
- Repayment/pre-payment, in full or part, of certain borrowings.
- General corporate purposes.
Company’s Management Team:
- Mr.Rajan Gupta (Designation: Chairman and Non-Executive Director)
- Mr.Aniruddhasinhji Jadeja (Designation: Managing Director)
- Mr . Amit Shah (Designation: Whole- time Director)
Positives for the Company:
- One of the leading regional MSOs with significant market share in Gujarat and Kolkata.
- High quality infrastructure network.
- Balanced local and regional content offering to attract and retain subscribers.
- Strong traction on digitization.
- Successful track record of identifying, acquiring and integrating MSOs, ISOs and LCOs.
- Experienced Promoters and management team with proven execution track record backed by Hathway, one of India’s leading MSOs.
Financials of the Company:
| (in Crores) | FY 12 | FY 13 | FY 14 | FY 15 | FY 16 |
|---|---|---|---|---|---|
| Revenue | 359.31 | 455.25 | 579.3 | 632.19 | 852.1 |
| Net Profit | 30.19 | 38.26 | 24.01 | 16.7 | 69.04 |
