RailTel Corporation of India Limited (RCIL) has secured a higher rank in the recently announced “Fortune India Next 500 list of Year 2022” of top midsize companies operating in India. RailTel now in the year 2022 list figures at a rank number 124 which is an improvement of 67 positions as compared to its previous rank number of 197 in the Year 2021 list. RailTel is a trusted ICT service provider and one of the largest Neutral Telecom Infrastructure Services Providers in the country.
It is worth mentioning that there are only 5 more private telecom players in addition to RailTel who have featured in the list. Apart from RailTel, the only Railway PSU featuring in this list is IRCTC which stands at rank 309. Moreover, there are only total 10 (including RailTel) government of India company, who have got place in the Fortune India 500 list 2022. RailTel is the only telecom government of India PSU figuring in the list.
The Fortune India Next 500 is a ranking of the top 500 midsize corporations in India complied on the basis of latest sales and gross revenue figures. The current list is based on annual audited total income for the financial year 2020-21. The Fortune India list is a prestigious ranking list which is considered to be an objective list of companies doing exceptionally well and contributing positively in the growth of the country.
RailTel has been a consistent performer and has grown in terms of size and revenues over the years. Turnover of the company during FY’2020-21 is Rs 14.11 billion with compounded annual growth rate (CAGR) during last five years as 12 per cent. The net worth of the company has also grown steadily and consistently over the years. The company has maintained steady profit and has been regularly paying dividends. It is one of the consistently profit-making telecom PSU despite gloomy market conditions.
The core strength of RailTel is its strong backbone of 60,000 plus RKM optical fibre network, built over exclusive right of way along the railway tracks, connecting 6,095 plus stations. Along with this, RailTel also has 20,000 plus km city access network, 1,050 plus telecom towers, 2 data centres, RailCloud and specialized security operation centre.
Commenting on the development, Puneet Chawla, CMD, RailTel said, “It is heartening to know substantial improvement in the ranking of RailTel in the “Fortune India Next 500 list of Year 2022”. The company has been a profitable entity since 2008. The company is constantly upgrading, expanding, diversifying and modernising itself to serve its clients in a better way. RailTel is in the forefront of National Digital Transformation activity. It is playing a major role in fulfilling Prime Minister’s favourite programme of Digital India. Besides railways, RailTel is also working in other sectors like coal, banks, defence, health and education. We are committed to maintain robust finances and efficient delivery of services to all our clients. Last year RailTel was listed in the Indian stock market and since then it has got positive response of shareholders and we are committed to deliver value to our investors in future as well.”