Share Holding Patterns on 31st March, 2004
		Category		No. of Shares held		Percentage of Shareholding
A.		Promoter's holding
1.		Promoters
a.		Indian Promoters		995,398,223		70.75
		Tata Teleservices Limited		714,317,891		50.77
		The Tata Power Company Limited		161,565,693		11.48
		Tata Sons Limited		119,499,639		8.49
		Panatone Finvest Limited		15,000		0.00
2.		Persons acting in Concert		N.A.		N.A.
		Sub-Total		995,383,223		70.75
B.		Non-Promoters Holding
3.		Institutional Investors
a.		Mutual Funds and UTI		30,428,589		2.16
		UTI A/C India Infrastructure Fund Unit Scheme 1999		29,916,077		2.13
b.		Banks, Financial Institutions, Insurance Companies (Central / State Govt. Institutions / Non-government Institutions)		115,949,247		8.24
		Industrial Developement Bank of India		70,808,228		5.03
		Life Insurance Corporation of India		33,333,300		2.37
		Banks		6,658,061		0.47
		Other Insurance Co.		4,166,600		0.30
		Other Financial Institutions		983,058		0.07
c.		FIIs		131,243,941		9.33
		AEIF Limited		121,391,146		8.63
		Sub-Total (a. + b. + c.)		277,621,777		19.73
4.		Others
a.		Private Corporate Bodies		20,753,022		1.48
b.		Indian Public		110,424,068		7.85
c.		NRIs / OCBs		2,783,026		0.20
		NRIs		2,783,026		0.20
		OCBs		34,358		0.00
		Sub-Total (a. + b. + c. + d.)		133,960,116		9.52
		GRAND TOTAL		1,406,980,116		100.00
		Note:
		Total Foreign Shareholding (Foreign Promoters/FIIs/NRIs/OCBs)		134,026,967		9.53
		GDR & ADR Holdings		N.A.		N.A.