HFCL share price
NSE: HFCLBSE: 500183Telecom - ServicesSmall Cap
HFCL Limited · Formerly Himachal Futuristic Communications · Face value ₹1 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed May 1989 on BSE, Mar 2011 on NSE
Last close ₹231.29down ₹12.17 (5.00%)BSE ₹231.30
Share price at the NSE close on 30 Oct 2026. Previous close ₹243.46.
30 Oct: open ₹238.00, high ₹240.00, low ₹231.29
52-week range of traded prices to 30 Oct 2026
₹59.82Low, 27 Jan 2026₹282.25High, 21 Oct 2026
- Under NSE's long-term additional surveillance, stage IV, on the list for 29 Oct 2026. The exchange puts a share here when its price has moved unusually, and trading in it carries extra conditions.
- Delivery only: shares bought must be paid for in full, with no selling on the same day.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹35,401 Cr400th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 40.80
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 6.27
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.09%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 17.7%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 18.3%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.32
- Volume, NSEVolume. Shares traded on the last trading day. Volume in the glossary
- 24,82,570
About HFCL
HFCL Limited makes optical fibre, optical fibre cables and connectivity products, telecom equipment such as routers, backhaul radios and Wi-Fi systems, and defence products such as thermal weapon sights, electronic fuzes, radio relays and surveillance radars.1 It also builds networks for telecom operators, enterprises and defence forces.1 Its customers include telecom operators, equipment makers, internet providers and government bodies such as defence organisations and Indian Railways, in India and overseas.23
HFCL's own plants are in Hyderabad (optical fibre and cables), Goa (cables) and Hosur (defence equipment).4 Its subsidiary HTL Limited, 74% owned with the Government of India holding 26%, makes optical fibre cables, connectivity products, cable components and wire harnesses for aerospace, defence and automotive use in Chennai and Hosur.54 Its wholly owned subsidiary HFCL Inc. sells optical fibre, cables, telecom products and connectivity products in the United States and other overseas markets.6 The company exports to over 60 countries.7
HFCL was incorporated in 1987.8 HFCL's registered office moved from Himachal Pradesh to Haryana with effect from 31 Jul 2026.8 Mahendra Nahata is the promoter and managing director, and the promoters held 28.29% of the shares on 30 Sep 2026.910
HFCL key points
Results
- Consolidated revenue from operations was ₹2,541.79 crore in the quarter to Sep 2026, against ₹1,043.34 crore a year earlier.11
- Consolidated EBITDA (earnings before interest, tax, depreciation and amortisation) was ₹658.00 crore in the quarter to Sep 2026, a 25.89% margin, and profit after tax was ₹394.22 crore, a 15.51% margin.1213
- In the year to Mar 2026, consolidated sales rose 21.77% to ₹4,949.27 crore, EBITDA 63.15% to ₹826.75 crore, and profit after tax to ₹329.44 crore from ₹173.26 crore.1415
Revenue mix
- In its presentation of 19 Oct 2026, the company said its Products segment, as distinct from Networks and O&M (operation and maintenance), now makes up about 91% of revenue, exports about 63% and private customers about 92%; the slide names no period.1617
- In the year to Mar 2026, the Products segment made up about 62% of revenue and private customers about 84%.18
Where revenue comes from
- Exports made up 41.36% of revenue in the year to Mar 2026, against 12.23% a year earlier, and the company says more than 70% of its cable production now goes to international markets.19
Order book
- The order book (orders received but not yet delivered) was ₹28,911 crore at the end of September 2026, up from ₹26,665 crore in June and ₹21,206 crore in March 2026.202122
- Export orders made up 57% of the order book at the end of September 2026.23
- HFCL's defence order book was about ₹1,850 crore, of which about ₹1,600 crore sits with an aerospace business the company proposes to acquire.24
Customers and partners
- In the year to Mar 2026, a hyperscaler (a very large cloud and data-centre operator) gave the company a 5-year optical fibre cable contract worth about ₹10,159 crore ($1.1 billion), securing over 50% of its cable capacity over the medium term.2526
- The company says it was the first Indian company to commercially launch a 5G fixed wireless access device (a box bringing broadband over 5G), and has delivered more than 8 lakh units to an Indian telecom operator.27
- Under BharatNet, the government's rural broadband network, it has secured opportunities for deployment of more than 80,000 IP/MPLS routers (telecom network routers) and delivered about 17,000 in the year to Mar 2026.28
Expansion and capital spending
- In its exchange filing of 14 Sep 2026, the company said its board approved a further ₹820 crore, taking planned spending on fibre, cable and preform capacity (preform, the glass rods fibre is drawn from, to 600 tonnes a year in all) to ₹1,800 crore.29
- In its presentation of 19 Oct 2026, the company said that by July 2028 it is raising yearly optical fibre capacity from 28 million to about 43.1 million fibre kilometres (kilometres of single fibre), and cable capacity from 39 million to about 62 million.3031
- The company said it plans a 1,000-acre ammunition complex in Andhra Pradesh, where ground was broken on 15 May 2026, with ₹230 crore set for a first phase making hand grenades.3233
What the company expects
- In its presentation of 19 Oct 2026, the company said it expects revenue to grow at least 80% in the year to Mar 2027 and its ₹10,000 crore revenue aim to be reached much earlier than first planned.34
- In its presentation of 19 Oct 2026, the company said it expects its EBITDA margin to rise from about 16.7% in the year to Mar 2026 to more than 27% by the year to Mar 2029.35
- On its earnings call of 22 Jul 2026, the company said defence and aerospace revenue, including an acquisition still in process, should pass ₹3,000 crore in the year to Mar 2029.36
- In its presentation of 19 Oct 2026, the company said it is evaluating strategic options for its businesses; Ernst & Young is its adviser, it said on 22 Jul 2026.3738
Recent events
- On 1 Sep 2026, the company said it had entered into a 3-year agreement to supply high-fibre-count cables to a global multinational for about $244 million (about ₹2,329 crore).39
- On 2 Aug 2026, the company said it had secured export orders for optical fibre cables worth about $54.81 million (about ₹522.73 crore) from international customers.40
- On 17 Jun 2026, the company said Rail Vikas Nigam Limited had awarded it a ₹2,666.09 crore contract for part of BharatNet Phase III in Uttar Pradesh (West), covering equipment supply, network build and 10 years of maintenance.41
- On 3 Jun 2026, the board approved moving the defence and aerospace business into subsidiary HFCL Advance Systems, which is to acquire Defsys's aerostructure business through a subsidiary; after ₹175 crore from other investors, the company would hold 51.02% of HFCL Advance Systems.424344
Last updated
All 44 sources, each with its page
- 1. Exchange filing, 14 Sep 2026, page 6
- 2. Annual report, 5 Sep 2026, page 151
- 3. Investor presentation, 19 Oct 2026, page 14
- 4. Annual report, 5 Sep 2026, page 11
- 5. Annual report, 5 Sep 2026, page 386
- 6. Annual report, 5 Sep 2026, page 396
- 7. Annual report, 5 Sep 2026, page 151
- 8. Annual report, 5 Sep 2026, page 135
- 9. Investor presentation, 19 Oct 2026, page 5
- 10. Investor presentation, 19 Oct 2026, page 22
- 11. Investor presentation, 19 Oct 2026, page 8
- 12. Investor presentation, 19 Oct 2026, page 5
- 13. Investor presentation, 19 Oct 2026, page 8
- 14. Annual report, 5 Sep 2026, page 386
- 15. Annual report, 5 Sep 2026, page 67
- 16. Investor presentation, 19 Oct 2026, page 20
- 17. Investor presentation, 19 Oct 2026, page 11
- 18. Annual report, 5 Sep 2026, page 13
- 19. Annual report, 5 Sep 2026, page 69
- 20. Investor presentation, 19 Oct 2026, page 5
- 21. Annual report, 5 Sep 2026, page 13
- 22. Annual report, 5 Sep 2026, page 5
- 23. Investor presentation, 19 Oct 2026, page 11
- 24. Investor presentation, 19 Oct 2026, page 17
- 25. Annual report, 5 Sep 2026, page 44
- 26. Annual report, 5 Sep 2026, page 69
- 27. Annual report, 5 Sep 2026, page 71
- 28. Annual report, 5 Sep 2026, page 71
- 29. Exchange filing, 14 Sep 2026, page 1
- 30. Investor presentation, 19 Oct 2026, page 16
- 31. Investor presentation, 19 Oct 2026, page 19
- 32. Investor presentation, 19 Oct 2026, page 16
- 33. Earnings call, 22 Jul 2026, page 6
- 34. Investor presentation, 19 Oct 2026, page 5
- 35. Investor presentation, 19 Oct 2026, page 19
- 36. Earnings call, 22 Jul 2026, page 14
- 37. Investor presentation, 19 Oct 2026, page 5
- 38. Earnings call, 22 Jul 2026, page 7
- 39. Exchange filing, 1 Sep 2026, page 1
- 40. Exchange filing, 2 Aug 2026, page 1
- 41. Exchange filing, 17 Jun 2026, page 1
- 42. Annual report, 5 Sep 2026, page 95
- 43. Exchange filing, 3 Jun 2026, page 2
- 44. Exchange filing, 3 Jun 2026, page 5
Results
Consolidated; ₹ crore.HFCL quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +101.0%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +3,016.5%
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹2,542 Crup 32.73%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹394 Crup 60.49%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 15.5%
Revenue by quarter
Peak revenue ₹2,542 Cr, quarter to Sep 2026; lowest ₹801 Cr, quarter to Mar 2025
Net profit by quarter, a loss in red
- Net profit
- Loss
A loss in 2 of the 8 quarters shown
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,012 | 801 | 871 | 1,043 | 1,211 | 1,824 | 1,915 | 2,542 |
| Net profit | 73 | −83 | −29 | 72 | 102 | 184 | 246 | 394 |
| Net margin | 7.2% | −10.4% | −3.4% | 6.9% | 8.5% | 10.1% | 12.8% | 15.5% |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹4,949 Crup 21.77%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹329 Crup 90.14%
- Net margin
- 6.7%
Revenue by year
Peak revenue ₹4,949 Cr, year to Mar 2026; lowest ₹2,378 Cr, year to Mar 2017
Net profit by year, a loss in red
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,378 | 3,252 | 4,738 | 3,839 | 4,423 | 4,727 | 4,743 | 4,465 | 4,065 | 4,949 |
| Net profit | 124 | 172 | 232 | 237 | 246 | 326 | 318 | 338 | 173 | 329 |
| Net margin | 5.2% | 5.3% | 4.9% | 6.2% | 5.6% | 6.9% | 6.7% | 7.6% | 4.3% | 6.7% |
Consolidated. Years to March. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Telecom ProductTelecom Product, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹2,931 Crup 18.45%59.2%
- Turnkey Contracts and ServicesTurnkey Contracts and Services, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹1,875 Crup 17.96%37.9%
- Defence Product and ServicesDefence Product and Services, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹77 Cr1.5%
- OthersOthers, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹67 Cr1.3%
The pill is the change in revenue on the year before; the share is of all the businesses together.
Valuation
Today, against the company's own history.HFCL PE ratio and valuation
Price to earnings
At or below today's level on 73% of 2,304 trading days over the last 10 years.
LowestHighest
Its median30.39Industry median8.56
Price to book
At or below today's level on 95% of 1,805 trading days since Nov 2018.
LowestHighest
Its median2.94Industry median1.21
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 34% of 2,470 trading days over the last 10 years.
LowestHighest
Its median0.19%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −13.9% | +65.6% | −48.2% | 0.3% |
| 3 years | +3.9% | −2.3% | +6.1% | 0.2% |
| 5 years | +22.2% | +1.8% | +19.8% | 0.2% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1, 3 and 5 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.
Mutual fund holdings
76 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 57 of the 62 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 76 funds holding HFCL
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 3
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 25
- CutCut. Funds that held fewer shares than at the end of the month before.
- 37
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 10
| Fund | |||
|---|---|---|---|
 quant Small Cap Fundquant Mutual Fund | 9,55,88,251 | 6.10% | ₹2,170.0 Cr |
| Quant Value Fundquant Mutual Fund | 55,07,022 | 6.52% | ₹125.0 Cr |
| quant Multi Cap Fundquant Mutual Fund | 34,63,172 | 1.05% | ₹78.6 Cr |
| quant Momentum Fundquant Mutual Fund | 19,26,274 | 3.45% | ₹43.7 Cr |
 Nippon India Nifty Smallcap 250 Index FundNippon India Mutual Fund | 15,83,414 | 1.04% | ₹35.9 Cr |
| quant Focused Fundquant Mutual Fund | 13,38,442 | 3.68% | ₹30.4 Cr |
| Nippon India Nifty 500 Momentum 50 Index FundNippon India Mutual Fund | 13,11,305 | 2.33% | ₹29.8 Cr |
 Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETFMirae Asset Mutual Fund | 12,87,255 | 3.13% | ₹29.2 Cr |
 HDFC Nifty Smallcap 250 ETFHDFC Mutual Fund | 12,33,541 | 1.03% | ₹28.0 Cr |
| quant ESG Integration Strategy Fundquant Mutual Fund | 11,26,469 | 7.80% | ₹25.6 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Promoter and insider buying and selling
Trades made since 30 Oct 2025.HFCL insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade · 2 pledge filings of unclear kind
- Others: no market trade · 4 pledge filings of unclear kind · 6 off-market moves
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
HFCL competitors and peers
Telecom - Infrastructure, 9 listed companies, priced on 30 Oct 2026. The table lists the 8 companies closest to HFCL in market cap.Telecommunication sector stocks
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 Indus TowersINDUSTOWER | 99,802 | 14.04 | 2.53 | +5.3% | −24.1% | 18.8% | 26.9% | 3.70% |
 Bondada EngineeringBONDADA | 3,060 | – | – | – | – | – | – | 0.10% |
 Pace DigitekPACEDIGITK | 3,014 | 9.80 | 1.37 | – | – | 13.9% | 13.9% | 0.00% |
 GTL InfrastructureGTLINFRA | 1,268 | 1.17 | – | +1.4% | – | – | 85.6% | 0.00% |
 Suyog TelematicsSUYOG | 516 | 8.56 | 1.05 | – | – | 13.6% | 16.1% | 0.23% |
 Sar TeleventureSARTELE | 391 | 5.45 | 0.41 | – | – | 7.9% | 7.6% | 0.00% |
 Rama TelecomRTL | 135 | 46.51 | 3.23 | – | – | 6.9% | – | 0.00% |
 Kore DigitalKDL | 30 | 0.84 | 0.21 | – | – | 29.1% | – | 0.00% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.HFCL dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossaryHighest ₹0.20 a share, years to Mar 2023, Mar 2024 and Mar 2026.
| Ex-date | Type | Per share |
|---|---|---|
| 22 Sep 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹0.20 |
| 8 Sep 2025 | Final | ₹0.10 |
| 23 Sep 2024 | Final | ₹0.20 |
| 22 Sep 2023 | Final | ₹0.20 |
| 22 Sep 2022 | Final | ₹0.18 |
| 22 Sep 2021 | Final | ₹0.15 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.HFCL announcements
Oct 2026
19 Oct · Results
17 Oct · General Updates
13 Oct · Analysts
HFCL share price by year
Each calendar year to 2025.HFCL share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 67.79 | −39.8% | 114.54 | 61.47 |
| 2024 | 112.63 | +33.8% | 161.81 | 83.45 |
| 2023 | 84.15 | +14.2% | 85.80 | 56.50 |
| 2022 | 73.70 | −6.5% | 96.35 | 53.00 |
| 2021 | 78.80 | +205.4% | 92.40 | 23.95 |
| 2020 | 25.80 | +47.0% | 26.50 | 8.55 |
| 2019 | 17.55 | −17.2% | 24.70 | 16.90 |
| 2018 | 21.20 | −26.0% | 35.20 | 17.55 |
| 2017 | 28.65 | +128.3% | 35.95 | 11.90 |
| 2016 | 12.55 | −38.9% | 23.95 | 11.15 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.
Recent sessions
The 9 trading days to 29 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume |
|---|---|---|---|---|---|---|
| 29 Oct 2026 | 244.50 | 245.50 | 235.15 | 243.46 | 241.06 | 37,35,148 |
| 28 Oct 2026 | 251.00 | 255.25 | 239.20 | 242.81 | 245.86 | 47,98,237 |
| 27 Oct 2026 | 247.69 | 252.00 | 241.80 | 250.11 | 249.28 | 63,47,059 |
| 26 Oct 2026 | 234.00 | 246.40 | 228.51 | 244.63 | 239.21 | 76,10,130 |
| 23 Oct 2026 | 240.00 | 247.89 | 238.98 | 240.07 | 240.37 | 95,07,204 |
| 22 Oct 2026 | 259.00 | 265.69 | 251.55 | 251.55 | 257.08 | 69,90,345 |
| 21 Oct 2026 | 282.25 | 282.25 | 256.00 | 264.78 | 271.38 | 1,69,03,401 |
| 19 Oct 2026 | 260.00 | 268.81 | 257.00 | 268.81 | 264.83 | 1,51,14,857 |
| 16 Oct 2026 | 240.00 | 256.01 | 238.00 | 256.01 | 251.34 | 84,11,757 |
Prices in ₹ per share as traded, not adjusted.
Company details
- NSE symbol
- HFCL
- BSE code
- 500183
- ISIN
- INE548A01028
- Industry
- Telecom - Services
- Website
- www.hfcl.com
- CIN
- L64200HP1987PLC007466
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1987
- Registered office
- Plot No. 38, Institutional Area, Sector -32, Gurugram 122001, Haryana
- Share registrar
- MCS Share Transfer Agent Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
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