About GTL Limited

GTL Limited is a Network Services Company in the telecom sector, providing end-to-end network services and energy management solutions to Telecom Operators and Tower Companies. Its operations span the entire network life cycle, encompassing both technical and operational support functions. The Company’s sole current customer is GTL Infrastructure Limited (GIL), an IP-1 licence category Tower Company.

GTL’s portfolio comprises two key verticals:

• Network Operations and Maintenance (O&M):
  Includes corrective and preventive maintenance, capex sizing and planning, remote network monitoring, trouble ticketing, and technical and process support to ensure uptime and operational efficiency.
• Energy Management Services:
  Covers technical audits, energy source monitoring, modernisation using energy-efficient technologies, and integration of renewable and alternate energy solutions to optimise telecom infrastructure operations.

A public company incorporated under the Companies Act, GTL is domiciled in India and listed on both BSE and NSE. The registered office is located at 6th Floor, Building A, Plot EL-207, MIDC, TTC Industrial Area, Mahape, Navi Mumbai – 400710, Maharashtra. This marks the 37th Annual Report, reflecting over three decades (37 years) of business operations.

The Company’s employee and associate strength stood at 1,544 as of March 31, 2025 (compared to 1,553 as of March 31, 2024).
GTL does not have any subsidiary company.

Key Milestones and Corporate Developments

• July 2011:
  GTL was admitted into the Corporate Debt Restructuring (CDR) framework following sectoral challenges in telecom and power.
• January 2024:
  The Monitoring Institution communicated lenders’ “In-Principle Approval” for a One Time Settlement (OTS) proposal of Rs 375.79 crore, including a pass-through of arbitration recoveries from MSEDCL and GIL, subject to agreed terms and conditions.
• FY 2024–25:
  Following the sale of identified assets, GTL deposited Rs 274.78 crore into an Escrow Account and settled dues of ten original secured lenders (including Canara Bank and IDBI Bank) as per their OTS sanctions.
• May 1, 2025:
  The Debt Recovery Tribunal (DRT) permitted withdrawal of applications filed by nine secured lenders, confirming settlement.
• August 12, 2025:
  The Bombay High Court recorded IDBI Bank’s letter dated June 4, 2025, confirming the discontinuation of wilful default proceedings against GTL, its Whole-time Director, and certain former Directors, and disposed of the matter accordingly.

GTL Limited Key Management

• Mr. D. S. Gunasingh – Chairman & Non-Executive Director
• Mr. Sunil S. Valavalkar – Whole-time Director
• Mr. Navin J. Kripalani – Non-Executive Director
• Dr. Mahesh M. Borase – Independent Director
• Ms. Sanjana S. Pawar – Independent Director
• Mrs. Siddhi M. Thakur – Non-Executive Director
• Ms. Jyotisana S. Kondhalkar – Independent Director
• Mrs. Rufina J. Fernandes – Additional Director (w.e.f. September 4, 2025)
• Mr. Harshad P. Kulkarni – Chief Financial Officer
• Mr. Deepak A. Keluskar – Company Secretary & Compliance Officer

Latest Updates on GTL Limited

• Lender Settlements and Legal Closures:
  Following the “In-Principle approval” to the OTS proposal in January 2024, GTL successfully settled dues of ten secured lenders, depositing Rs 274.78 crore in escrow. The NCLT dismissed Canara Bank’s petition as withdrawn, while the DRT permitted nine lenders to withdraw their cases on May 1, 2025. Subsequently, the Bombay High Court, on August 12, 2025, recorded IDBI Bank’s confirmation discontinuing wilful default proceedings.
• Ongoing Resolutions:
  The Company has entered into an Upside Sharing Agreement with eligible lenders for sharing 75% of net arbitration recoveries. It continues to engage with remaining lenders for OTS sanctions and to pursue resolutions before the DRT.
• Business Continuity:
  GTL’s sole customer remains GTL Infrastructure Limited (GIL). Contract renewals were made for a limited term, and the Company’s future operations remain interlinked with GIL’s financial and operational trajectory within the evolving telecom infrastructure sector.
• Registered Office Shift:
  Effective December 16, 2024, the registered office shifted to 6th Floor, Building A, Plot EL-207, MIDC, TTC Industrial Area, Mahape, Navi Mumbai – 400710, Maharashtra, India.

Note: This profile is prepared strictly from GTL Limited’s Annual Report for FY 2024–25, including the Directors’ Report, Management Discussion & Analysis, Notes to Financial Statements, and Statutory Disclosures.