SYNOPSIS: HGS broadband arm OneOTT Intertainment signed an MoU with the Uttar Pradesh government to roll out Project GANGA, aiming to expand broadband access, support local entrepreneurs and connect over 2 million households.
Shares of a global leader in optimising the customer experience lifecycle, digital transformation, business process management, and digital media ecosystem surged nearly 17 percent on BSE, after its broadband vertical signed an MoU with the Government of Uttar Pradesh for Broadband Expansion.
With a market cap of Rs. 1,865 crores, shares of Hinduja Global Solutions Limited is current trading in the green at Rs. 400.9 on BSE, up by over 15 percent, compared to its previous closing price of Rs. 347.5. The stock has delivered negative returns of around 23 percent in one year, and has fallen by nearly 6 percent in the last one month.
News
According to the latest disclosures filed with the stock exchanges, the broadband vertical of Hinduja Global Solutions Limited (HGS), OneOTT Intertainment Ltd. (OIL), has signed a Memorandum of Understanding (MoU) with the State Transformation Commission (STC), Government of Uttar Pradesh, for the rollout of Project GANGA (Government Assisted Network for Growth & Advancement), a large-scale digital inclusion initiative in the state.
Project GANGA is designed to support digital inclusion and local entrepreneurship by enabling around 8,000 to 10,000 entrepreneurs at the Nyaya Panchayat level to operate as independent Digital Service Providers (DSPs). These DSPs will deliver high-speed broadband services to households and communities across Uttar Pradesh.
Over the next two to three years, the initiative aims to connect more than 2 million households across the state. It is also expected to create over 1 lakh direct and indirect employment opportunities, including participation from a significant number of women entrepreneurs. The program will support the government’s broader efforts to expand digital education and healthcare access. DSPs participating in the initiative will receive support in areas such as training, financing assistance, network deployment, and technology enablement.
OIL will contribute its operational capabilities to the project with support from HGS and NXTDIGITAL’s existing digital infrastructure network. Together, the companies currently connect over 5 million homes across India and operate across more than 4,500 pin codes in around 1,500 cities and towns, supported by over 15,000 franchise partners and more than 2 lakh kilometres of fibre infrastructure.
Through Project GANGA, the initiative aims to strengthen the digital ecosystem by supporting services such as broadband, IPTV, OTT platforms, CCTV connectivity, satellite internet, and cybersecurity solutions for households, businesses, and public institutions.
Financials
HGS reported a marginal growth in revenue from operations, experiencing a year-on-year increase of around 1 percent, from Rs. 1,064 crores in Q3 FY25 to Rs. 1,075 crores in Q3 FY26. Similarly, it reported a significant turnaround to a net profit of Rs. 34 crores from a loss of Rs. 9 crores.
The company stated that its expansion into Tier-III markets is progressing as planned, with 59 out of the 100 identified towns already operational, while the remaining locations are expected to go live by the first quarter of the next fiscal year. It also noted that its broadband vertical recorded sequential margin improvement, supported by cost optimisation measures and better capacity utilisation. Meanwhile, its digital television business maintained stable ARPU levels while continuing to focus on operating efficiencies.
As of December 2025, HGS had a presence in 10 countries, including 30 global delivery centres, with a total headcount of 17,549. Digital Media business covers 4,500 pin codes covered in India, 2 lakh kilometres of owned + partner fibre networks, and more than 125 owned-and-operated NXTHUBs set up across India. Hinduja Global Solutions Limited operates in two segments: Business Process Management and Media & Communication business.
Its Business Process Management segment offers voice and non-voice based services such as contact centre solutions and back office transaction processing across America, Canada, Europe, Asia and the Middle East.
The company’s Digital, Media & Communications business is India’s premier integrated Digital Delivery Platforms Company delivering services via satellite, digital cable and broadband to more than 5 million customers across 1,500 cities and towns.
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