Rank 16: Mahindra British Telecom: Backed Up

Mahindra British Telecom (MBT) reported a growth of 31 percent in profit

after tax (PAT) for the fiscal 2001-02. The PAT stood at Rs 126.28 crore as

against Rs 96.58 crore in the fiscal 2000-01. Income for the year grew by 31

percent to Rs 512.64 crore as compared with Rs 391.32 crore in the previous

financial year.

Having completed a phased internal restructuring, the company has renewed its

focus on telecom services segment, with Europe and US markets becoming the

significant drivers for growth. It has created focus groups with a view to

understand the market dynamics, carry out exploratory work, and to leverage the

expertise in OSS, infrastructure technologies, and software engineering

techniques, to address the business problems. The company plans to deliver

integrated solutions to telcos and service providers, equipment vendors, and

system integration. MBT has technology expertise in areas of mobility,

intelligent networks, packet telephony, network design and engineering, and

embedded systems.

Mahindra British Telecom TURNOVER FACTSHEET CEO : John Helleur Address: :  Sharda Center, Off Karve Road Erandwane, Pune 411004 Maharashtra Tel  : 020-542 4469 Fax: : 020-542 4107 Web site : www.mahindrabt.com  S W O T Strength  : Domain expertise in telecom Weakness : Unable to grow out of BT shadow Opportunity : IT sourcing from Telcos Threat  : From smaller tech start-ups

MBT has provided software services to telecos like MCI Worldcom, Alltel,

Rockwell, AT&T, Concert, Ericsson, Lucent, Telenordia, Alcatel, and Qatar

Telecom.

What is worrisome is its increasing dependence on the parent company BT. Last

fiscal, 83 percent of its revenue accrued from BT.

Thecompany had to shelve its plans for IPO due to adverse market conditions

and poor market valuation for its offering.