Vodafone Idea Ltd [Merger] and Subsidiaries

Vodafone Idea Ltd services and products are currently offered under Idea and Vodafone brands. Both brands are complementary in nature and have generated strong customer affinity throughout the years.

Vodafone Idea Limited (formerly Idea Cellular Limited) (‘the Company’), a public limited company, was incorporated in India on March 14, 1995.

Profile of Vodafone Idea Limited

Vodafone Idea Limited is an Aditya Birla Group and Vodafone Group partnership. It is India’s leading telecom service provider. The Company provides pan India Voice and Data services across 2G, 3G, and 4G platforms. The Company is listed on the National Stock Exchange (NSE) and BSE in India.

• Sales: ₹ 42,423 Cr.
• Operating profit: ₹ 16,645 Cr.
• Net profit: ₹ -29,844 Cr.
• Sales growth 3Years: -2.11 %
• Total Assets: ₹ 2,07,243 Cr.
• Reserves: ₹ -1,23,039 Cr.
• Debt: ₹ 49,411 Cr.

The Company has the largest spectrum holding amongst all Indian telecom operators comprising 1,849.6 MHz spectrum across 22 circles, of which 1,714.8 MHz is liberalized spectrum which can be used towards deployment of any technology.

As of March 31, 2019, the subscriber base of Company stands at 368.3 Mn (on VLR), with subscriber market share of 36.0%, which is highest in the Industry. The Revenue Market Share (RMS) on Gross Revenue basis (GR) for Company stands at 32.8% (excluding BSNL/ MTNL wireline) for the quarter ended March 2019.

The company has around 372,000 broadband (3G+4G) sites and all of the 4G sites are VoLTE enabled, creating a better customer experience. The broadband network is spread over 273,000 towns and villages and covers approximately 69% of the Indian population, while 4G networks cover approximately 65% of the Indian population.

The company has a portfolio of ~345,000 km of Optical Fiber Cable (OFC), including own built and Indefeasible Right of Use (IRU) OFC.

Vodafone Idea Merger

The merger of Vodafone India Limited and Vodafone Mobile Services Limited into Idea ltd effective from August 31, 2018, has led to the creation of Vodafone Idea Limited, a partnership between two strong promoters

• Aditya Birla Group and
• Vodafone Group.

Post-merger, Vodafone Idea is a leading telecommunications operator in India offering voice, data, enterprise services, and other value-added services (“VAS”), including short messaging services, digital services, content, IoT and enterprise solutions, etc.

Top Telecommunication Companies in India

List of Vodafone India Subsidiaries

So These are the list of subsidiaries of Vodafone India

• Idea Cellular Services Limited
• Idea Telesystems Limited
• Vodafone Business Services Limited
• Vodafone m-pesa Limited #
• Mobile Commerce Solutions Limited
• Vodafone Foundation
• Vodafone Technology Solutions Limited
• Vodafone Towers Limited
• Vodafone India Ventures Limited
• Vodafone India Digital Limited
• Idea Cellular Infrastructure Services Limited
• You Broadband India Limited
• You System Integration Private Limited
• Aditya Birla Idea Payments Bank Limited
• Firefly Networks Limited
• Indus Towers Limited

Vodafone Idea Manpower Services Limited (VIMSL) VIMSL is engaged in the business of providing manpower services to the Company.

Vodafone M-pesa Limited (VMPL)

VMPL was in the business of Prepaid Payment Instruments (PPI) and Business Correspondence and provided customers with a mobile wallet and money transfer services in the form of M-pesa.

VMPL has ceased all operations and surrendered its Prepaid Payments Instruments Licence issued by the Reserve Bank of India (RBI) under the Payment and Settlement System Act, 2007 with effect from September 30, 2019 as per the guidance and approval of RBI – Department of Payment and Settlement System (DPSS) and also terminated its Business Correspondence Agreement with ICICI Bank with effect from July 31, 2019.

Post completion of the three year period on September 30, 2022, as was directed by RBI while approving the surrender of the PPI Licence, VMPL had written to the RBI on way forward relating to compliances to be continued, post which RBI advised to continue maintaining the un-extinguished liability towards PPI holders and merchant in the escrow
account till further communication.

Vodafone Idea Business Services Limited (VIBSL)

VIBSL is an outsourcing hub for back-end IT support, data centre operations and hosting services to the Company and its subsidiaries. It also has an OSP license business.

Vodafone Idea Communication Systems Limited (VICSL) VICSL is engaged in the business of trading of Mobile handsets, Data Card and related accessories and services.

Connect (India) Mobile Technologies Private Limited (CIMTPL) CIMTPL was a wholly owned subsidiary of VICSL. Pursuant to order passed by the Ahmedabad bench of National Company Law Tribunal dated December 22, 2022, CIMTPL has been amalgamated with the VICSL with effect from January 31, 2023.

Vodafone Idea Telecom Infrastructure Limited (VITIL) VITIL is engaged in renting out Passive Infrastructure to Telecommunication Service Providers for hosting their active equipment on existing fibre portfolio of ~ 169,577 kms.

Vodafone Idea Shared Services Limited (VISSL) VISSL is an outsourcing hub for Finance & Accounts, Human Resources, Supply Chain Management, Credit & Collection Support, Customer Support and catering to the Information Technology (IT) needs for data consolidation, back end IT support for the Company and its subsidiaries.

Vodafone Idea Technology Solutions Limited (VITSL) VITSL is engaged in providing Technology, Software, Hardware, Value Added Services (VAS), Application Software, Contents and related products and services that facilitate and develop access to IT enabled VAS products and services whether on single or multiple platform(s) or operating system(s). VITSL is also engaged in the business of providing Data Centre related services and IT Solutions (including E-SIMs) to its customers.

You Broadband India Limited (YBIL) YBIL is engaged in providing high speed broadband internet access through cable network, high bandwidth internet broadband services to enterprise segment, infrastructure support to licensed telecommunication
service providers.

Vodafone Foundation (VF) VF is a Section 8 Company as per Companies Act, 2013.
Pursuant to the enactment of Companies Act, 2013 and Section 135 of the Companies Act, 2013, VF is an implementing agency and carries out Corporate Social Responsibility (‘CSR’) activities for the Company, its subsidiaries, associate and joint venture, promoter group
companies in line with the Schedule VII of the Companies Act, 2013.

Joint Venture Company Firefly Networks Limited

Firefly Networks Limited (‘FireFly’) is a joint venture with Bharti Airtel Limited, with each partner having equal (50% each) shareholding. The main objective of Firefly is to conduct the business of site acquisition, installation, commissioning, operations and maintenance of
Infrastructures at the Hotspots to enable telecommunication and internet service providers, to offer customers Wi-Fi access across the territory.

Associate Company Aditya Birla Idea Payments Bank Limited (ABIPBL), an associate of the Company had decided to wind up business voluntarily on July 19, 2019, due to unanticipated developments in the business landscape of payments bank that have made the economic model unviable. ABIPBL had filed for voluntary winding up before the Hon’ble Bombay High Court and the Hon’ble High Court vide its order dated September 18, 2019, approved voluntary winding up of ABIPBL. ABIPBL is in process of winding-up.