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Together as One, we’ll conquer any quest. In unity, our strength will manifest. With shared dreams, we’ll reach heights unseen. One Voice, One Team, One Dream, our guiding theme.
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MD and CEO Message
As we step into this new quarter, I’m thrilled about the journey that lies ahead. With the ongoing 5G rollout, our future looks brighter than ever. We are relentlessly working towards launching Roam Digitel, a new entity under Data InvIT, where we will be erecting cutting-edge towers. Our determination and unwavering commitment make us truly unstoppable.
Together, with the spirit of One Voice, One Team, One Summit, we are poised for even greater success. Dhananjay Joshi, MD and CEO Summit Digitel
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Rendezvous with the Leader
Rendezvous with
Sunil Panjwani In what ways have you learned to adapt to life’s challenges and improve your problem-solving skills? My experiences in life, including having to shift schools due to military posting every 2 years (my father was in the Indian Army) have played a significant role in shaping my ability to adapt and solve problems. My ability to adapt to new environments and educational systems has provided me with the skills to thrive in diverse circumstances.
What’s an example of something you pursued that demanded perseverance? The pursuit of higher education in the United States was a notable goal. I deferred university admission for four years until I secured a scholarship. A clear vision of my goals, unwavering perseverance, and determination were key to this journey.
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What strategies do you use to set and achieve clear objectives? I’m a firm believer in setting clear goals. For example, during my graduate studies in the US, I wanted to get work experience. In order to gain experience relevant to my degree, I sought an internship, which led to my successful career in Audit & Risk Management.
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Rendezvous with the Leader
How did you navigate a career transition or opportunity? The biggest career transition I’ve made was joining Deloitte in the US. It opened doors to further advancement for me because I approached this opportunity with enthusiasm and commitment to excel.
How has broadening your skill set impacted your career? One of the most important aspects of my career has been broadening my skill set. Among other things, I initiated a new business line within Deloitte focusing on FDA regulatory compliance. Through this diversification, I was able to develop my professional skills and expand my career prospects.
How do you envision improving the organization’s effectiveness and efficiency? Yes, identifying opportunities for improving the effectiveness of the company has been a recurring theme. As an example, we set up an offshore internal audit team in India, which resulted in substantial cost savings. It has always been my guiding principle to prioritize the company’s best interests, regardless of whether they fall outside the scope of my defined responsibilities.
What career advice would you give Summitians? Embrace change and challenges as opportunities to enhance your adaptability and problem-solving abilities. Your ability to handle complex situations in dynamic environments will be a competitive advantage in your career.
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Employee Spotlight
What is your creative excuse for being late? Sorry, I was catching up with MS Dhoni over breakfast! What is an alternate career you would choose if you could? Racing & Rallies What fictional character would you like to play in real life? I would choose to be like Doraemon, granting my daughter’s every wish through a magic pocket and an anywhere door If you had one superpower, what would it be? Bring my parents and brother back from heaven What Summit value do you connect with the most? Excellence in whatever we do!
What is your creative excuse for being late? Unplanned caregiving responsibilities What is an alternate career you would choose if you could? I’d be an influential spiritual leader What fictional character would you like to play in real life? Iron Man – Genius. I’d especially love the billionaire part! If you had one superpower, what would it be? The ability to fly, for sure! What Summit value do you connect with the most? Safety – it is paramount to me
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Key Highlights for Quarter 2
Our MD & CEO, Mr. Dhananjay Joshi, was elected as Chairman of DIPA from October 1st, 2023.
DIPA
Financial Performance
Chair man
Q4 FY 23 saw a significant revenue increase of 8%, reaching INR 29 billion, with an EBITDA of INR 13 billion, up by 15%.
Annual Reports We published the Annual Reports for Summit and Data InvIT for FY 2022-23, maintaining our ‘Investment Grade’ rating with S&P and FITCH.
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Key Highlights for Quarter 2
Debt Management We executed a successful market borrowing of INR 9.5 billion at Data InvIT through Commercial Paper issuance and refinanced INR 5 billion of debt at Summit.
ESG Commitment Summit achieved a milestone by submitting its maiden full version Carbon Disclosure Project (CDP) report as part of our ESG roadmap and commitment.
Employee Engagement We rolled out employee guidelines to initiate the Goal Setting process for FY 2023-24.
HR Policies We’ve recently revised and strengthened our HR policies, encompassing Equal Employment Opportunity (EEO), Prevention of Sexual Harassment (POSH), Annual Employee Health Check-up, and introduced a policy to promote a Positive Work Environment.
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Key Highlights for Quarter 2
Summit celebrated its Foundation Day with the theme “Summit Triumph”
foste rin and h g team sp onori ng ou irit empl tstan oyee s. ding
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Key Highlights for Quarter 2
Open Culture We successfully held a Town Hall in August 2023, maintaining our commitment to an open culture where employees can connect, ask questions, and share ideas.
Corporate Office Expansion Our Mumbai Corporate Office expanded with a new extension.
Diversity Commitment Our workforce comprises
91.84% Male
Highlighting our
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8.15%
Female
Workforce (Diversity Ratio)
commitment to diversity.
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Key Highlights for Quarter 2
Roam Digitel Initiative As part of an ambitious project called “Roam Digitel”, we are poised to erect a series of ground-breaking telecommunication towers designed to meet the ever-growing demands of our valued clientele. As a result of this strategic venture, our network coverage is set to increase significantly, providing us with the capability to deliver cutting-edge connectivity solutions to our highly discerning customers.
Network Expansion
Over the next few quarters, we will erect new sites for our MNOs, strengthening our market position and network capabilities.
Site Compliance Audit We developed and launched the Site Compliance Audit tool in September 2023, achieving a 95% compliance rate for tested EB bills.
Rent Calculator and NFA System We developed and launched tools to streamline the rent negotiation and approval process.
Uptime Excellence Despite challenging weather conditions, we maintained industry-leading uptime, with a 15.3% improvement compared to April ‘22.
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Key Highlights for Quarter 2
Tenancies and BSNL Achievements We have achieved the feat of 10,000 tenancies for Airtel, begun delivering tenancies to BSNL, and are approaching 100 tenancies for VIL.
Offsites We hosted offsite events across various functions, including Risk and Compliance, SMC, and Operations, fostering collaboration, synergies, and camaraderie among teams.
Manual Form Automation Summit rolled out an MS Form for Employee Declaration, focusing on Confidentiality Commitment and Social Media Behaviour, effective from July 2023.
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Key Highlights for Quarter 2
IT Award We received an award during the CIO100 Symposium in Bengaluru.
CIO100 award celebrates forward-thinking technology leaders and their innovative approaches in preparing organizations for the future amid disruptions.
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Key Highlights for Quarter 2
In recognition to our continual commitment of promoting culture of safety and excellence, we were honored to receive the Gold Award at the 5th Indian Chamber of Commerce (ICC) National Occupational Health & Safety (OHS) Awards 2023.
OHS Aw ards 202 3 As part of our HSSE program, we conducted six advanced first aid training sessions, successfully training 75 members of the Emergency Response Team through the expertise of M/s. Falck India, a renowned Danish Medical Emergency Services company.
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Key Highlights for Quarter 2
Trademark We secured trademark registration for Data Infrastructure Trust in two categories, covering telecommunications, broadcasting services, insurance, financial affairs, monetary affairs, and real estate affairs, with certificates issued within a record time of just 15 months.
PWC Compliance Tool Successfully improved PwC Compliance Tool efficiency by reducing AMC by 40%, handling telecom law updates in-house, and maintaining 226 laws and 146 compliance line items.
In celebration of Onam, Summit Digitel extended warm wishes to our valued customers for a season of joy, prosperity, and sustained success.
Onam C elebratio ns
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#OneVoiceOneTeamOneSummit Thank you for joining us on this remarkable journey of achievement this quarter. With One Voice, One Team, One Dream, we look forward to scaling even greater heights in the next chapter of our Summit story. Stay tuned for more exciting updates and successes on our path to excellence!
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