Financial Highlights

Board of Directors

Mahendra Nahata
Managing Director

Mr. Nahata is the Founder and Managing Director of HFCL, leading overall strategy, planning, and new business development of the company. He was associated with many esteemed forums of telecom industry. He has served on the Board of Governors of Indian Institute of Technology - Bombay, Indian Institute of Technology - Madras, Indian Institute of Information Technology - Allahabad, and was a Member of the Council of Scientific & Industrial Research, Government of India.
In 2003, Mr. Nahata was awarded "Telecom Man of the Millennium" by Voice & Data. He was the President of the Telecom Equipment Manufacturers Association of India (TEMA), Co-Chairman of the Telecom Committee of Federation of Indian Chamber of Commerce and Industry, and Chairman – Telecom Committee of PHD Chamber of Commerce & Industry. He majored in Commerce stream from St. Xavier's College, Kolkata.

Ajai Kumar
Independent Director

In his Public Sector Banking career spanning 40+ years, Mr. Kumar held several leadership positions in India and abroad for Corporation Bank, UCO Bank, and Bank of Baroda. He has a graduate degree in Law and a master’s degree in Physics.
With a penchant for independent thinking, he painstakingly led several growth initiatives and strategies as CMD - Corporation Bank, Executive Director - UCO Bank, and General Manager, Technology & Retail Banking – Bank of Baroda. Under his stellar leadership, Corporation Bank was given a national award for its performance in MSME finance for the year 2012-13 by the Prime Minister of India.

Surendra Singh Sirohi
Independent Director

Mr. Sirohi holds a bachelor’s degree in Electrical Engineering from IIT, Kanpur. In his telecom career spanning 36+ years, Mr. Sirohi held several techno- managerial senior leadership positions with telecom behemoths, including the Department of Telecom, Government of India, Mahanagar Telephone Nigam Limited, Telecom Consultants India Ltd (TCIL), and Bharat Sanchar Nigam Limited (BSNL). He made a positive difference by providing dynamic and visionary leadership with a pragmatic and strategic approach to each of his assignments. He brings rich telecom experience across National Policy, Sectoral regulations, Planning & Development, Corporate & Business Strategy, Network Planning & Operations, Research & Development, Project Management, and Management of Telecom Services Operations.
He served as a Member (Technology), Telecom Commission, and ex-officio Secretary to the Government of India in the Ministry of Communication & IT. As a Member (Technology) of the Telecom Commission, he was instrumental in formulating several regulatory and strategic initiatives and critical policies for inclusive growth of all segments of the Telecom Sector.

Bharat Pal Singh
Independent Director

A Certified Financial Planner, Mr. Singh holds twin Master’s Degrees - M.Sc. in Operational Research from Delhi University and Masters in Marketing Management from the Jamnalal Bajaj Institute of Management Studies, Mumbai.
A seasoned banker with 30+ years of leadership experience, he has served on the Board of IDBI Bank besides being a Nominee Director of the bank on several other Corporate Boards. Mr. Singh also served on expert committees of the Government of India for steel and cement sectors.
Mr. Singh had served as Dy. Managing Director and Whole-time Director of IDBI Bank, handling critical responsibilities including evaluation and approval of financial assistance to a large number of corporates covering the entire spectrum of industry / service sectors besides all the corporate functions of the Bank.

Dr. Tamali Sen Gupta
Independent Director

Dr. Tamali Sen Gupta earned her Doctorate and Masters in Law from Stanford Law School, Stanford University, California. Armed with a 32-year rich legal experience, she is a specialist in transnational legal transactions such as joint ventures, collaboration & licensing agreements, and mergers & acquisitions, across media, real estate, insurance, and infrastructure sectors.
She is an expert in negotiations and document drafting for various kinds of projects. She has dealt with numerous forms of contractual agreements for project finance. She has advised on telecom projects for installing a fiber optic link throughout the railway network of the Indian Railways and commercializing the service to provide basic telecom services to telecom companies.
A Fellow of the Center of International Legal Studies at Salzburg, she is a widely published author and has written books on various subjects, including Telecom. She is the Principal of T. SEN GUPTA & ASSOCIATES, a corporate law firm based in New Delhi.

Arvind Kharabanda
Non-Executive Director

Mr. Kharabanda brings deep multi-disciplinary expertise across marketing, manufacturing, project appraisal, finance, accounts, and corporate strategy and planning. A fellow member of the Institute of Chartered Accountants of India, he has vast experience in telecommunications, broadcasting, IT, electronics, consumer durables, and white goods sectors. Mr. Kharabanda occupied the role of a whole-time director in HFCL during 1994-2016.

Dr. R. M. Kastia
Non-Executive Director

A fellow of the British Institute of Management (London), Dr. Kastia holds a Doctorate in Chemistry. Under his advisory role, HFCL has grown to its present position as one of the leading telecom companies of India.
Dr. Kastia has served as Executive Director of Modern Insulators Ltd. and Willard India Ltd. He also worked in senior executive positions with several Indian companies, including Rajasthan Spinning & Weaving Mills Ltd., Hindustan Electro-Graphites Ltd., and Shriram Chemical Industries.

Corporate Governance
Annual Reports
Financial Reports
Shareholding Pattern
Investors Notices & Information
Registered Office

HFCL Limited
8, Electronics Complex Chambaghat, Solan, Himachal Pradesh – 173213

Registrar & Transfer Agent

MCS Share Transfer Agent Limited
F-65, 1st Floor, Okhla Industrial Area,
Phase-I, New Delhi – 110020
Tel. : +91-11-41406149-52
Fax : +91-11-41709881
Email Id :  

Contact details for Investor grievance redressal

Secretarial Department & Investor Relation Cell

Manoj Baid
President (Corporate) & Company Secretary
8, Commercial Complex, Masjid Moth, Greater Kailash – II, New Delhi – 110048
Tel. : +91-11-35209400/9500
Fax : +91-11-29226015
Email Id :

Nodal Officer / Compliance Officer

Manoj Baid
President (Corporate) & Company Secretary
8, Commercial Complex, Masjid Moth, Greater Kailash – II
New Delhi – 110048
Tel. : +91-11-35209400/9500
Fax : +91-11-29226015