In 2 Cable India Limited

About Us

In2cable (India) Ltd., a wholly owned subsidiary of Hinduja TMT Limited. is a "Category A" (all India) ISP licence holder. It offers its broadband services under an exclusive arrangement with its group company IndusInd Media and Communications (IMC), using their existing cable network across India. IMC commenced operations in 1995 and has built up India's largest cable television (CATV) network. It currently provides multi-channel transmission services under the brand name INCableNet and ranks amongst the 12 largest cable TV operators in the world in terms of subscribers. In addition to Mumbai, IMC's network covers 11 major cities in northern, southern and western India viz: Delhi,Agra, Hyderabad, Banglaore, Ahmedabad, Nasik, Belgaum, Indore and Nagpur. IMC is well advanced in its plan for development of Pay TV platform with Interactive TV/internet capability.

Intel USA has taken a 3.3% effective equity stake in IMC for US$49.23 million in May 2000, giving it a benchmark valuation of US$ 1.5 billion (Rs. 6800 Crores) and making it one of India's most valuable unlisted companies. The Intel investment has been routed through Grant Investrade Limited where HTMT holds majority stake. The proceeds of the investment are being used for enhancing the broadband capabilities and expansion to other cities.