Tata Communications Limited has announced the incorporation of a new Joint Venture (JV) company in the People’s Republic of China, named TC (Shanghai) Technology Company Limited (TC Shanghai). This JV was formed with Shanghai Runshengtong Management Consulting Co., Ltd. The listed entity holds a 50% stake through its subsidiary, TC Hong Kong. The JV is focused on delivering Value-added Telecommunications Services and related technology projects, with an initial cash contribution of RMB 10 Million split equally.
Formation of New Joint Venture in China
Tata Communications Limited has formalized the incorporation of a new joint venture entity in the People’s Republic of China. The new company, named TC (Shanghai) Technology Company Limited (“TC Shanghai”), was officially incorporated on March 12, 2026. The JV was established through a Joint Venture Agreement executed on February 27, 2026.
Shareholding Structure and Parties
TC Shanghai is a partnership between two key entities: Tata Communications (Hong Kong) Limited (“TC Hong Kong”), which is a wholly-owned indirect subsidiary of Tata Communications Limited, and Shanghai Runshengtong Management Consulting Co., Ltd. (“Runshengtong”), referred to as the “Local Partner.” Both parties will hold equal shareholding in the new company.
Consequently, Tata Communications (Hong Kong) Limited holds 50% of the capital of TC Shanghai, ensuring shared control.
Investment and Business Focus
The total initial capital subscription for TC Shanghai amounts to RMB 10 Million (RMB Ten Million), contributed equally by both shareholders. Each party is contributing a cash consideration of RMB 5 Million each.
The primary line of business for TC Shanghai involves Telecommunications services. Specifically, the licensed projects include Category I and II of Value-added Telecommunications Services. General Projects encompass end-to-end technology services, development, transfer, consulting, software development, data processing services, and technology import/export.
Source: BSE
