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Hathway Cable & Datacom Ltd

BSE: 533162 | NSE: HATHWAY ISIN: INE982F01036
Market Cap: [Rs.Cr.] 3,496.38 Face Value: [Rs.] 2
Industry: Entertainment / Electronic Media Software

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Company Profile

Hathway Cable & Datacom Ltd is the leading cable television services provider in India. The company is also one of the leading cable broadband services providers. The company is offering analog and digital cable television across 125 cities and towns in India, and reaching an estimated 8.18 million households. The company is the leading operator in several key markets of India (some of which are key Hindi speaking areas) including, among others, cities such as Mumbai, Delhi, Bangalore, Ahmedabad, Hyderabad, Jaipur, Indore, Bhopal, and Baroda and Surat. In addition to their cable television and broadband service offerings, the company also generates advertising and airtime revenue from advertisements aired for and on behalf of channels owned by third parties, such as the Hindi movie channel, Cine Channel, and the music channel, iTV. The company holds a pan-India ISP license and was the first cable television services provider to offer broadband internet services. Their cable television and broadband services are supported by 71 analog head-ends, 19 digital head-ends and approximately 15,000 km of HFC network. Their broadband technology platform is supported by Cisco Systems. Hathway Cable & Datacom Ltd was incorporated on August 7, 1959 in Mumbai as Chics Display Services Pvt Ltd. Due to the change in ownership, the name of the company was changed to Hathway Cable & Datacom Pvt Ltd on February 16, 1999. In August 26, 2009, the company became a public limited company and the name was changed to Hathway Cable & Datacom Ltd. In March 2000, the company entered into the business of providing broadband internet services. In September 2000, they entered into a strategic alliance with one of the largest content providers in the world, STAR. Since 2007, the company has successfully identified and acquired an interest in more than 21 MSOs and ICOs. They believed that their understanding of the cable television distribution industry and their national presence enabled them to identify and acquire targets, which enabled them to become one of the largest national cable companies in India. In the year 2008, the company completed two major acquisitions of MSOs in Maharashtra, being Marathwada Cable Network Pvt Ltd and Rajesh Multichannel Pvt Ltd. They also completed the acquisitions of Gujarat Telelink Pvt Ltd, a large MSO in Gujarat and Bhaskar Multilink Ltd in Madhya Pradesh. The company was awarded the 'Best MSO' as part of the Indian Telly Award for the years 2002, 2003, 2005, 2006, 2007 and 2008. In the year 2009, the company launched digital video recorder (DVR) service and became the first Indian cable television services provider to do so. As of November 30, 2009, the company had a total of 1,606,883 paying subscribers, which is comprised of the 1,347,491 analog subscribers and 259,392 CAS digital subscribers. In addition, they had 322,135 broadband subscribers as of November 30, 2009.

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Key Information

Key Executives:

Rajan Raheja , Director

Akshay Raheja , Director

Viren Raheja , Director

Vinayak Aggarwal , Director

Company Head Office / Quarters:

Rahejas 4th Floor corner of,
Main Avenue V P Rd Santacruz-W,
Phone : Maharashtra-91-22-26001306/26001308/26001309 / Maharashtra-
Fax : Maharashtra-91-22-26001307 / Maharashtra-
E-mail : investorgrivance@hathway.net
Web : http://www.hathway.com


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