HATHWAY BHAWANI CABLETEL & DAT Share price

Started in 1995, Hathway Bhawani acts as a multi system operator providing quality Cable TV network services, internet and allied services in several cities. With a fiber optic backbone across its networks and state-of-the-art distribution set-ups, it bring the digital age through Cable, transforming the way viewers receive information and a movie-based entertainment channel. The Company is the largest Cable TV service provider to roll out Digital Cable TV services in cities like Mumbai, New Mumbai, Karjat, and Mumbra. Hathway Bhawani Cabletel & Datacom Limited was originally incorporated on November 12, 1984 as 'Seven Heaven Leasing & Finance Limited'. On August 13, 1999, the name of the Company was changed from Seven Heaven Leasing & Finance Limited to Hathway Bhawani Cabletel & Datacom Limited. In the year 2000, the company formed a joint venture with Star TV to develop and offer interactive media services over their cable network. In September 13, 2000, they received the Category 'B' Internet Service Provider license for Mumbai Circle from the Department of Telecommunications. During the year 2000-01, the company undertook aggressive expansion in Chembur, Sion, Dadar and other parts of Central Mumbai for the development of Cable Business. They invested in latest equipment for upgrading its existing Cable TV Network for improving Cable TV services and also for providing Internet and other value added services to their subscribers. During the year 2001-02, the company commenced the operations of Broadband ISP business. They further invested in the latest equipment to upgrade its existing network with 9 Optical Nodes. In December 2001, they ventured into new territory at just outskirts of Mumbai ie Mumbra. They took over the management of the Head end Control Room of National Dish Service. During the year 2002-03, the company undertook concrete steps in Chembur, Sion, Dadar and other parts of Central Mumbai for the development of cable business. In March 2004, the company was awarded a tender for providing the Cable TV Services to Jawaharlal Nehru Port Trust (JNPT) Township and JNPT Guest House. In April 2004, the company initiated their ISP business in the Hiranandani area at Powai. In May 2004, they entered into arrangements for providing Cable TV services to Hindustan Organic Chemicals Ltd Colony at Rasayani, Raigad. Also, they entered into a joint venture for providing cable services at Khopoli area with effect from June 1, 2004. During the year 2005-06, the company launched the Digital Cable TV Services in their network through the Digital Boxes. In October 2005, they started their Cable TV operation in Karjat. During the year 2006-07, the company implemented the Conditional Access System (CAS) in South Mumbai. A new Subsidiary Company was incorporated in October 2010 for expansion of Company Business in the areas of Mumbra, Viz, Hathway Bhawani NDS Network Private Limited. During 2016-17, With effect from April 01, 2017, Company was appointed as a Distributor of Hathway Digital Private Limited (HDPL), the wholly owned Subsidiary Company of Hathway Cable and Datacom Limited (HCDL) in which the entire Cable TV business of HCDL was transferred through slump sale with effect from March 31, 2017.