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Shareholding Info
  • Promoters
    50.36 %
  • Foreign institutions-FII
    2.28 %
  • Other domestic institutions
    33.3 %
  • Retail and other
    13.64 %
  • Mutual Funds
    0.41 %

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About Vodafone


Vodafone India was one of India's largest telecommunications providers in India. It was the Indian subsidiary of the UK-based Vodafone Group plc and was headquartered in Mumbai, Maharashtra.

Initially, the company was called Hutchison Max Telecom Ltd., a joint venture between Hutchison Whampoa and the Max Group. Hutch often received praise for its memorable and award-winning advertising campaigns, especially the ones featuring a pug named Cheeka who followed a young boy around in unlikely places. The simple yet endearing advertising campaigns won many awards and admirers. The brand then introduced ZooZoos in their ads which received an even higher level of popularity.

By 2016, the entry of Jio forced several telecom companies into mergers. In 2017, it was announced that Idea Cellular and Vodafone India would merge, forming Vodafone Idea Limited (VI) in 2018. The merger created the largest telecom company in India in terms of subscribers and revenue. Under the terms of the merger, Vodafone Group holds a 45.2% stake in the combined entity, the Aditya Birla Group holds 26% while the remaining shares are held by the public.

As of today, VI is the third largest network provider in India with a 21% market share and around 375 million subscribers.


Core Activities & Services


Vodafone Idea Ltd is one of India's largest telecommunication service providers. The company offers 2G, 3G, 4G and 5G wireless services and high-speed broadband, along with mobile services, broadband and passive infrastructure services. Moreover, Vodafone Idea also offers entertainment services such as IVR-based content, sports updates, and WAP-based games; voice and SMS-based services such as voice and SMS chat, ring back tones, subscription services, and Amazon Prime memberships.

To the public sector, governments, start-ups, and MSMEs, the company provides enterprise services, digital services, content services, and IoT solutions.

Board of Directors


  1. Himanshu Kapania, Non-Executive Chairman
  2. Krishna Kishore Maheshwar, Non-Executive Director
  3. Sushil Agarwal, Non-Executive Director
  4. Ravinder Takkar, Managing Director & Chief Executive Officer
  5. Diego Massidda, Non-Executive Director
  6. Sunil Sood, Non-Executive Director
  7. Arun Kumar Adhikari, Independent Director
  8. Arun Thiagarajan, Independent Director
  9. Ashwani Windlass, Independent Director
  10. Krishnan Ramachandran, Independent Director
  11. Neena Gupta, Independent Director
  12. Suresh Vaswani, Independent Director


Key Executives


  1. Ravinder Takkar, Managing Director & Chief Executive Officer
  2. Akshaya Moondra, Chief Financial Officer
  3. Abhijit Kishore, Chief Operating Officer
  4. Arvind Nevatia, Chief Enterprise Business Officer
  5. Avneesh Khosla, Chief Marketing Officer
  6. Jagbir Singh, Chief Technology Officer
  7. Manish Sansi, Chief Legal & Commercial Officer
  8. P Balaji, Chief Regulatory & Corporate Affairs Officer
  9. Suvamoy Roy Choudhury, Chief Human Resource Officer


Presence


Vodafone Idea's direct network presence spans a total of 75 countries all over the globe with a partnered presence in over 180 countries for exceptional reach and quality service. Across India, it has over 3,60,000 km of fiber, 2,70,000 base stations, and over 5,000 Points of Presence (POPs) in more than 200 cities.

Vodafone Idea has a captive capacity of 100 Gbps to mitigate large volumetric attacks and over 80 cloud locations, making them a preferred choice for all applications that demand low latency networks. With such a strong, cemented presence, VI empowers global as well as Indian corporations, start-ups, small to medium enterprises, and the public sector and governments.

Registered Office:Vodafone Idea Limited, An Aditya Birla Group & Vodafone partnership,Suman Tower, Plot No. 18, Sector no. 11,  Gandhinagar - 382011 Corporate Office: Vodafone Idea Limited, An Aditya Birla Group & Vodafone partnership,Birla Centurion, 10th Floor, Plot No. 794, B Wing, Pandurang Budhkar Marg, Worli, Mumbai - 400030

Strengths


The strengths of the company that have had effect on the Vodafone share price are:

  1. The company is ranked 395 by Forbes in the list of the world’s top 2000 brands. The distribution and network coverage is widely available, which makes it the second most popular telecom operator brand in the country. They are also present in over 25 countries around the world.
  2. The company generates high revenues each year.
  3. The marketing and advertising of the company has always been stellar. ZooZoos were a top example of a brilliant campaign.

CSR and Sustainability


Vodafone Idea's CSR policy is an all-encompassing one. Its mission is about transforming the lives of underserved communities through a heavy focus on Education, Healthcare, Water & Sanitation, and Sustainable Livelihood and Women Empowerment including Agriculture. VI seeks to bring about holistic development in the lives of the underserved communities along with access to basic facilities and equity. The company has remained committed to its CSR policies through the use of innovation and technology to promote inclusivity, digital literacy, and social prosperity. It is to be noted that VI's CSR policies have influenced 20 states and 11 lakh beneficiaries across India.

VI's sustainability journey started in 2016 with its first sustainability report the same year. The report spoke about short-term sustainability goals, indicators, and targets. The report also elaborated on how the mentioned goals will continue to turn its sustainability agenda into reality. So far, 200 tonnes of e-waste have been recycled while there has also been a 25% reduction in CO2 emission; there have been zero cases of child labor and zero human rights violations in 2018.


Criticism


Last year in 2021, cash-strapped VI submitted a review petition in the Supreme Court over a verdict that dismissed a plea from the company, along with Bharti Airtel, and Tata group, asking for the correction of “arithmetic errors” in the Department of Telecommunications computation of their AGR dues and penalties. The court, however, dismissed the petitions and refused their fleas that asked for adjustments to the AGR demand.

This was Vodafone's first brush with criticism. Before its merger with Idea, Vodafone, in 2007,  was embroiled in a $2.5 billion tax dispute with the Income Tax Department of India over its purchase of Hutchison Essar Telecom services. However, in 2012, the Indian Supreme Court passed a judgement in favour of Vodafone, stating that the Income Tax Department had 'no jurisdiction' to levy tax on an overseas transaction between companies incorporated outside of India.

Covid-19 Impact


As part of its CSR policy, the Vodafone Idea Foundation constantly supported the country during the first as well as the deadly second wave of the COVID-19 pandemic. The foundation extended its support to frontline workers and government bodies. When the country faced a shortage of medical supplies, it continuously supplied PPE kits, ICU beds, infusion pumps, oxygen cylinders, ventilators, and more to COVID facilities in Bengaluru, Mumbai, New Delhi, Ahmedabad, and Pune.

The Vodafone Idea Foundation also established a mass vaccination drive for the most vulnerable sections of our communities. To help the nation back into normalcy, the foundation was ready to respond to the needs of the people with both on-ground and technological support.

Future Prospects


The company has developed many opportunities for themselves. Some of these are:

  1. Vodafone is currently operating more in the urban space, but have realised the need to penetrate the rural markets just like their competitors - Airtel and Reliance.
  2. They also plan to expand further in the emerging markets from around the globe.
  3. They want to concentrate and work on customer retention.
  4. Internet service improvement in lower costs as JIO has taken over the market.
  5. More network coverage in rural areas and newer tourist spots across the country.

Did You Know


Pre-merger, Vodafone India was the second leading network provider in India with Idea being the third. Post the merger, they had a combined market share of 43%. Though initially, Vodafone played a dominant role with the maximum number of shares, it has sold much of its stake over the past couple of years.

Initial Public Offering


Vodafone Idea issued a staggering 28,33,33,333 equity shares with the vodafone share price of ₹10 each for cash at a price of ₹75 aggregating ₹2125.00 Crores. It comprised of a reservation of 66,66,666 equity shares of ₹10 each aggregating ₹50.00 Crores for eligible employees of the company, and a net issue to the public of 27,66,66,667 equity shares of ₹10 aggregating ₹2075.00 Crores. There was also a green shoe option for allocating up to 4,25,00,000 equity shares of ₹10 each and not exceeding ₹318.75 Crores, in excess of the equity shares that were included in the issue. The issue with the green shoe option aggregated ₹2443.75 Crores and would constitute 10.09% of the fully diluted post-issue paid-up equity capital of the company assuming no exercise of the green shoe option and 12.40% assuming the green shoe option exercised in full. The Vodafone stock price was ₹75 per equity share with a face value of ₹10 each. The issue price was 7.5 times its face value.

Equity Shares


As of today, VI has posted a loss of ₹7296.7 crores for the 4th consecutive time. It has spent 54.47% of its operating revenues on interest expenses and 4.5% on employee costs in 2022. Its stock presented a 3-year return of 62.62% as compared to theNifty Midcap 100 which gave a return of 90.41%.

Annual Financial Statement


BALANCE SHEET OF VODAFONE IDEA LIMITED (in Rs. Cr.)MAR 22MAR 21MAR 20MAR 19MAR 18
12 mths12 mths12 mths12 mths12 mths
EQUITIES AND LIABILITIES
SHAREHOLDER'S FUNDS
Equity Share Capital32,118.8028,735.4028,735.408,735.604,359.30
TOTAL SHARE CAPITAL32,118.8028,735.4028,735.408,735.604,359.30
Reserves and Surplus-93,560.00-66,479.10-19,799.7054,702.0026,161.30
TOTAL RESERVES AND SURPLUS-93,560.00-66,479.10-19,799.7054,702.0026,161.30
TOTAL SHAREHOLDERS FUNDS-61,436.20-37,707.609,001.3063,504.5030,600.80
NON-CURRENT LIABILITIES
Long Term Borrowings175,950.80157,415.5096,280.40104,402.9056,940.80
Deferred Tax Liabilities [Net]0.000.000.000.00307.90
Other Long Term Liabilities18,455.5017,525.1028,178.4011,029.603,166.30
Long Term Provisions19.4026.10329.30339.20308.00
TOTAL NON-CURRENT LIABILITIES194,425.70174,966.70124,788.10115,771.7060,723.00
CURRENT LIABILITIES
Short Term Borrowings15,123.1073.00154.204,120.7021.70
Trade Payables13,324.1013,166.7011,480.4012,674.303,548.90
Other Current Liabilities32,475.6052,590.2083,416.0036,944.807,034.50
Short Term Provisions19.1042.4046.3037.1021.80
TOTAL CURRENT LIABILITIES60,941.9065,872.3095,096.9053,776.9010,626.90
TOTAL CAPITAL AND LIABILITIES193,931.40203,131.40228,886.30233,053.10101,950.70
ASSETS
NON-CURRENT ASSETS
Tangible Assets48,857.0052,367.7060,705.2049,341.1024,454.30
Intangible Assets103,162.50109,854.20119,353.30127,320.3055,230.80
Capital Work-In-Progress285.90534.30859.802,332.50651.30
Other Assets0.000.000.000.000.00
FIXED ASSETS152,345.80162,762.50181,014.90181,738.2083,270.40
Non-Current Investments288.50288.504,504.006,662.406,843.40
Deferred Tax Assets [Net]0.000.000.008,935.100.00
Long Term Loans And Advances0.000.000.000.802.40
Other Non-Current Assets19,939.6021,164.5021,547.2016,431.702,194.90
TOTAL NON-CURRENT ASSETS172,573.90184,215.50207,066.10213,768.2092,311.10
CURRENT ASSETS
Current Investments0.000.00454.806,689.005,612.90
Inventories0.300.000.000.0033.90
Trade Receivables2,391.502,440.802,919.103,308.10887.40
Cash And Cash Equivalents3,378.202,013.802,533.80784.4022.20
Short Term Loans And Advances314.10555.60842.101,339.602.00
OtherCurrentAssets15,273.4013,905.7015,070.407,163.803,081.20
TOTAL CURRENT ASSETS21,357.5018,915.9021,820.2019,284.909,639.60
TOTAL ASSETS193,931.40203,131.40228,886.30233,053.10101,950.70
OTHER ADDITIONAL INFORMATION
CONTINGENT LIABILITIES, COMMITMENTS
Contingent Liabilities25,831.6025,053.5018,156.6040,573.6017,374.50
CIF VALUE OF IMPORTS
Raw Materials0.000.000.000.000.00
Stores, Spares And Loose Tools0.000.000.000.000.00
Trade/Other Goods0.000.000.000.000.00
Capital Goods0.000.000.000.000.00
EXPENDITURE IN FOREIGN EXCHANGE
Expenditure In Foreign Currency3,569.203,948.606,817.904,794.600.00
REMITTANCES IN FOREIGN CURRENCIES FOR DIVIDENDS
Dividend Remittance In Foreign Currency----------
EARNINGS IN FOREIGN EXCHANGE
FOB Value Of Goods----------
Other Earnings2,732.702,440.001,765.201,061.10--
BONUS DETAILS
Bonus Equity Share Capital----------
NON-CURRENT INVESTMENTS
Non-Current Investments Quoted Market Value----------
Non-Current Investments Unquoted Book Value288.50288.504,504.00----
CURRENT INVESTMENTS
Current Investments Quoted Market Value----------
Current Investments Unquoted Book Value----------

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