Fortune India the next 500 list 2022: railtel ranked 124th
What is the news:
- RailTel jumped 67 positions to rank 124th in the recently announced ‘Fortune India Next 500 list of Year 2022’ list.
- Is is the 8th Edition Fortune India The Next 500 (2022 edition)
- It was ranked 197 in the 2021 list of top midsize companies operating in India.
- Besides RailTel, there are five more private telecom players on the list.
- Apart from RailTel, IRCTC is the only Railway PSU featuring in the list, at the rank of 309.
- Moreover, there are 10 (including RailTel) India government companies in the Fortune India 500 list 2022. RailTel is the only telecom PSU on the list.
- The Fortune India Next 500 is a ranking of the top 500 midsize corporations in India compiled, on the basis of the latest sales and gross revenue figures. The current list is based on the annual audited total income for the financial year 2020-21.
About RAILTEL :
- RailTel is one of the largest neutral telecom infrastructure services providers in the country.
- RailTel has grown in terms of size and revenues over the years. The company’s turnover during FY 2020-21 stood at Rs 1,411 crore with compounded annual growth rate (CAGR) during the last five years at 12 per cent.
- RailTel Corporation of India Ltd. is under the ownership of Indian Railways, Ministry of Railways, Government of India focusing on providing broadband and VPN services.
- RailTel was formed in September 2000 with the objective of creating a nationwide broadband, telecom and multimedia network, to modernise train control operation and safety system of Indian Railways.
- RailTel’s network passes through around 5,000 stations across the country, covering all major commercial centres.
- Headquarters – Gurgaon, Haryana
- CMD – Puneet Chawala
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