Home  »  Company  »  Hathway Cable & Datacom Ltd.  »  Quotes  »  Company History
Enter the first few characters of Company and click 'Go'

Hathway Cable & Datacom Ltd. Company History and Annual Growth Details

Our Company was incorporated on August 7, 1959 in Mumbai as Chics Display Services Private Limited.
Subsequently, our name was changed to Hathway Cable & Datacom Private Limited due to a change in the
ownership of our Company, pursuant to the provisions of the Companies Act by a certificate of incorporation
dated February 16, 1999. Our Company became a public limited company and the word "private" was deleted
from its name pursuant to a special resolution of our shareholders at an extra ordinary general meeting held on
August 26, 2009 and a fresh certificate of incorporation was issued to our Company on September 7, 2009. The
Company entered into the business of providing broadband internet services from March 2000.

Changes in the Registered Office

At the time of incorporation, our Company’s registered office was situated at People Building, 5th Floor, Sir P.
Mehta Road, Fort, Mumbai 400 001. With effect from April 20, 1961, the registered office of the Company was
changed to 7, Malhotra House, 1st Floor, Fort Street, Opp. GPO, Mumbai 400 001 for administrative
convenience. Subsequently, with effect from December 01, 1995, the registered office of the Company was
changed to Wadia Building, 17/19, Dalal Street, Fort, Mumbai 400 001 due to change in the ownership of our
Company. Further, with effect from August 5, 1998, the registered office of the Company was shifted to its
present registered office, at Rahejas, 4th Floor, Corner of Main Avenue & VP Road, Santacruz (West), Mumbai
400 054 for administrative convenience.

Key events and milestones

Our Company has been awarded the "Best MSO" as part of the Indian Telly Award for the years 2002, 2003,
2005, 2006, 2007 and 2008.

Year Particulars

1998 The Promoters and their relatives acquired a 100% stake in our Company in March 1998.

2000 NewsCorp acquired a 26% equity interest in our Company.

2000 We started providing broadband services on DOCSIS technology.

2002 We acquired 200,000 direct cable television subscribers during the two years ended March 31,


2004 Launched digital cable service.
Reached 100,000 broadband subscribers.

We launched distribution of cable television services through addressable systems (CAS) in
certain CAS notified areas of Chennai, Delhi and Mumbai.

2007 Monet acquired a 15% equity interest in our Company.

We acquired two major MSOs in Maharashtra: Hathway Rajesh Multichannel Private Limited
and Hathway MCN Private Limited.

We acquired 50% equity interest in a large independent MSO in Gujarat: Gujarat Telelink
Private Limited.

2008 We acquired 51% equity interest in Hathway Bhaskar Multinet Private Limited in Madhya
Pradesh, which owned a majority equity interest in three large independent MSOs in
Chhattisgarh.

Kaup Capital, MSPI and Arcadia invested in compulsorily convertible debentures of our
Company and which were convertible into Equity Shares in accordance with the terms thereof.

2009 Reached one million digital cable television subscribers.

Reached approximately 320,000 broadband subscribers.

Launched digital video recorder (DVR) service, becoming the first Indian cable
television services provider to do so.

2010

-Mr. G. Subramanian has been appointed as Chief Financial Officer (CFO) of the Company.

2011

-Mr. Hursh Shrivastava was appointed as a Director of the Company.

2012

-Hathway Cable and Datacom launches their digital cable TV services in Gujranwala Town (Model Town), near Delhi University.

-Hathway launches digital cable and broadband combo.

-Hathway launches Hindi Music channel in Bangaluru.

-Hathway introduce HD Services Pan India

2013

- Hathway Broadband tied up with D-Link Direct Service to launch Wi-Fi Broadband Homes to offer high speed Wi-Fi routers.

-MSO Hathway uses the highly integrated systems-on-chips (SoC) from STMicroelectronics (ST) in order to power their HD STBs.

-India´s MSO Hathway has installed 6.8 million STBs in Phase I and II cities during the year.

2014

- Hathway launched Hathway CCC Cine Channel and 50 Mpbs Docsis 3.0 ultra high speed broadband and 150 additional Standard Definition (SD) channels and four additional High Definition (HD) TV channels

-Hathway launched online & TV Service,H-tube and HD Personal Video Recorder

-Hathway joins hands with EROS to launch broadband movie services

- Appointment of Mr. Brahmal Vasudevan, Mr. Sasha Mirchandani, Mr. Sridhar Gorthi and Mr. Devendra Shrotri as Independent Directors for a term of Five Years during the year.

Find IFSC