The VSAT player HCIL announced that TRAI reported it “continues to be the market leader with a subscriber base of 102,606 as on March 2015,” a cumulative market share at an all-time high of 43.42% among VSAT service providers in India.
HCIL reported its 12-month market share at 59% for FY 2014-15, with banking and rural installations as the key drivers of growth followed by other high-value applications such as e-learning, digital cinema, energy and government. “These are exciting times for HCIL and the Indian VSAT industry overall, as it has emerged to be one of the key pillars of the Digital India mandate,” said Partho Banerjee, president and managing director, Hughes Communications India Limited (HCIL).
A significant portion of HCIL’s growth over the last year has been the result of a strong upswing in the banking sector’s retail expansion (ATMs) linked to the Prime Minister’s financial inclusion mission. Key wins were with Bandhan Bank in partnership with FIS, Axis Bank and Bhartiya Mahila Bank, while additionally rolling out white-label ATMs for TCPSL (Tata Communications Payment Solutions Limited), BTI Payments Pvt. Limited and Muthoot group.
A notable achievement in the past year was the collaboration with the Ministry of Rural Development (MoRD), a partnership that saw Hughes roll out an e-governance project for Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) in 468 blocks across the country.
