About Suyog Telematics Limited

Suyog Telematics Limited is a leading passive telecom infrastructure provider in India, incorporated in 1995 and headquartered in Mumbai. The company offers ready-to-use telecom towers and related infrastructure on long-term lease to telecom service providers, facilitating efficient deployment of active equipment such as antennas and Base Transceiver Stations (BTS). Its services are supported by Master Service Agreements (MSAs) that provide long-term visibility and include value-added offerings like power supply management, site fiberization, and Service Level Agreements (SLAs) to maintain high network uptime.

The company’s portfolio spans monopole sites and includes acquisition of special properties and project management support. It also supplies telecom products including cables, panels, diesel generators, earth strips, batteries, electric power cables, fiber cables, and galvanized poles configured to buyer specifications. Suyog maintains a pan-India presence covering all telecom circles with strong footholds in Mumbai, Maharashtra, Gujarat, Delhi, Rajasthan, Karnataka, Tamil Nadu, Andhra Pradesh, Odisha, Assam, North East, West Bengal, and Uttarakhand.

As of March 31, 2025, Suyog employed 392 permanent staff and reported one subsidiary following a strategic acquisition. In FY 2024-25, the company acquired a 95% stake in Lotus Tele Infra Private Limited based in Delhi-NCR, adding around 120 telecom sites and increasing its service capability in the capital region. Suyog also supports the ongoing 5G rollout with over 4,000 small cell tenancies and has expanded its portfolio to include partnerships with metro projects, highways, bus depots, and CCTV poles.

Key Milestones of Suyog Telematics Limited

• 1995 – The company was incorporated, focusing on telecom infrastructure services.
• 2008 – Obtained IP-1 license from the Department of Telecommunications to expand passive infrastructure services nationwide.
• 2014 – Listed on the Bombay Stock Exchange (BSE), enhancing corporate governance and market presence.
• 2024 – Listed on the National Stock Exchange (NSE) and expanded footprint by acquiring Lotus Tele Infra Private Limited.
• 2025 – Progressed key infrastructure projects aligned with 5G deployment and diversified site portfolio.

Suyog Telematics Limited Business Verticals and Geographic Presence 

Business Verticals:

• Passive telecom infrastructure: Installation and leasing of towers, rooftop and monopole sites, smart poles, and camouflage towers.
• Fiber optics network solutions including fiber cable and related accessories.
• Supply of telecom hardware such as cables, panels, diesel generators, batteries, and electric power cables.
• Support services including equipment commissioning and maintenance.

Geographical Presence:

• Pan-India operations across 26 telecom circles including major metro and regional markets.
• Key presence includes Mumbai, Delhi-NCR, Gujarat, Maharashtra, Tamil Nadu, Andhra Pradesh, and several northeastern states.
• No international operations reported.

Suyog Telematics Limited Business Segment

Suyog operates primarily as a provider of passive telecommunication infrastructure, offering lease and support services for telecom towers and related assets. Its revenue is generated through long-term Master Service Agreements with leading telecom operators such as Bharti Airtel and Reliance Jio. The company’s business model emphasizes recurring revenue through tower tenancies, consistent maintenance, and value-added services targeting high network uptime and operational reliability. Suyog has shown robust growth and is well positioned to support India’s expanding digital infrastructure needs, notably with 5G technology adoption.

Suyog Telematics Limited Key Management

• Shivshankar Lature – Chairman & Managing Director
• Vivek Lature – Whole-time Director
• Subhashita Lature – Whole-time Director
• Ajay Sharma – Chief Financial Officer
• Aarti Shukla – Company Secretary & Compliance Officer

Latest Updates on Suyog Telematics Limited

• Listed on NSE Main Board on August 20, 2024, complementing its BSE listing, under the symbol “SUYOG.”
• Acquired 95% equity stake in Lotus Tele Infra Private Limited in Delhi-NCR on March 31, 2025, adding 120 telecom sites and expanding penetration in the capital market.
• Reported over 4,000 small cell tenancies supporting 5G rollout, with business growth underpinned by multi-city partnerships including metro, highway, and urban infrastructure.
• Added approximately 1,800 new tenancies during FY 2024–25, driven by demand from leading telecom operators.
• Invested in R&D pilots such as wind turbines for reducing site electricity costs, alternative zinc-based batteries, and low-cost SMPS for multi-operator site power efficiency.