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Tulip Telecom Limited
Sector:IT IT - Hardware
BSE:32691NSE:TULIPBloomberg:TTSL@INReuters:TULP.BO
Market Lot: 1Face Value: 2ISIN Demat: INE122H01027
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21-Mar-2014
Business Profile
Tulip IT Services (TULIP) is a data telecom services and IT solutions provider. It was incorporated on May 19, 1992 and got its current name on Jan. 10, 2002.

The company has four major lines of business, namely network integration, corporate data connectivity, rural connectivity and infrastructure management services. The MPLS VPN inter-city network is based on optical fiber cable provided by multiple service providers with the last mile connectivity being wireless. The company provides IP-based solutions using wireless technology to deliver high quality voice, data and video to rural areas of India. It provides network integration with facility management services, network management, security services, annual maintenance contracts, and consultancy services.

In May 2007, the company added managed data centre services, managed customer premise equipment services and managed video services for enterprises to its portfolio of services offered. The managed data center offering is supported by 24x7 network operation centers. With the first data center in Delhi, similar facilities are coming up in Mumbai, Bangalore, Chennai and Hyderabad. Being awarded the international long distance license by the Department of Telecom (DoT), the company is now able to provide high-end services in the virtual private network bandwidth market. It has bagged a INR-530 million order from the West Bengal State Wide Area Network Project. The network supporting data, voice and video will be established on the build, own, operate and transfer (BOOT) model by the company over a period of five years.

The company caters to banks, service providers, media companies, government enterprises, and call centers with a client list which includes NDPL, Mahindra, HDFC Bank, Philips, Tata Motors among other companies. The registered office of the company is located at C-160, Okhla Industrial Area, Phase-I, New Delhi-110020.


Financials
The company announced fall of 1,094.30% in consolidated net profit on y-o-y basis to Rs 6,565.95 million, while total income dropped 39.09% y-o-y basis to Rs 4.07 billion for the quarter ended March 2013.

Recent Developments
01-AUG-13
Tulip Telecom, India's leading enterprise data services provider, today announced the implementation of its CDR package with signing of the Master Restructuring Agreement (MRA).

31-MAY-13
During the quarter, the company reported consolidated loss of Rs 6,537.2 million compared with a profit of Rs 679.28 million in the same quarter previous year.

09-MAY-13
Tulip Telecom, India's leading enterprise data services provider, today announced the formal approval of its proposal for the restructuring of its debt by the empowered group of the Corporate Debt Restructuring (CDR) cell.

09-MAY-13
Tulip Telecom, India's leading enterprise data services provider, today announced the formal approval of its proposal for the restructuring of its debt by the empowered group of the Corporate Debt Restructuring (CDR) cell.

30-JAN-13
India Ratings has downgraded Tulip Telecom Rs 1.25 billion non-convertible debentures (NCDs) to Long-Term 'D' from 'C'. Tulip???s Long-Term issuer rating is 'D'.

31-DEC-12
Tulip Telecom has fiber optic network across all Metros and wide range of wireless presence all across India has initiated discussions with its senior lenders to restructure its debt with longer maturity periods under the Corporate Debt Restructuring (CDR) mechanism, including moratorium on principal and interest payments.

26-SEP-12
Tulip Telecom, India`s leading Enterprise Data Services provider, announced Wednesday it has bagged the orders worth Rs 740 million Horizontal Connectivity in Tamil Nadu.

30-AUG-12
Credit rating agency, Fitch Ratings has downgraded India-based Tulip Telecom National Long-Term rating to `D(ind)` from `BB+(ind)`.



In Brief

 
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