Shareholding Pattern as of March 31, 2006
  Category No. of Shares held Percentage of Shareholding
A. Promoter's holding    
1. Promoters    
  - Indian Promoters       995,978,223                 65.50
  - Tata Teleservices Limited       714,317,891 46.98
  - The Tata Power Company Limited       161,565,693 10.63
  - Tata Sons Limited       119,499,639 7.86
  - Panatone Finvest Limited                 15,000 0.00
  - Trent Brands Limited                 80,000 0.01
  - Tata Investment Corporation Limited               500,000 0.03
2. Persons acting in Concert  N.A. N.A.
  Sub-Total       995,978,223 65.50
B. Non-Promoters Holding    
3. Institutional Investors    
a. Mutual Funds and UTI           9,528,456 0.63
       
b. Banks (Indian & Foreign), Financial Institutions, Insurance         53,065,012 3.49
  Companies (Central / State Govt.    
  Institutions / Non-government Institutions)    
  - Industrial Development Bank of India         14,091,209 0.93
  - Life Insurance Corporation of India         29,742,131 1.96
       
c. FIIs           9,777,217 0.64
        
  Sub-Total (a. + b. + c.)         72,370,685                   4.76
4. Others    
a. Private Corporate Bodies (Including Trusts)         81,474,378 5.36
       
b. Indian Public       358,803,227 23.60
       
c. NRIs / OCBs         11,735,271 0.77
  - NRIs         11,735,271 0.77
  - OCBs                          -   0.00
       
d. Any Other               223,700 0.01
  - Other Directors & their Relatives               223,700 0.01
       
  Sub-Total (a. + b. + c.)       452,236,576                 29.74
       
  GRAND TOTAL    1,520,585,484               100.00
                              
  Total Foreign Shareholding (FIIs/NRIs/OCBs)         21,512,488 1.41
  GDR & ADR Holdings  N.A. N.A.

Note:
This is a statutory requirement for TTML as per the Listing Agreement made with the BSE & NSE.