Siti Networks Ltd, formerly known as Wire and Wireless (India) Limited (WWIL) and Siti Cable Network, is a multi system operator (MSO) promoted by the Essel Group (a 6.1% stake holder). The company provides digital cable television services in India and is headquartered in Noida, Uttar Pradesh.
WWIL was formed as a part of the de-merger of Zee Entertainment Enterprises Limited â ZEEL, formerly known as Zee Telefilms Limited (ZTL) â the publicly listed flagship company of Zee Group. As per the Scheme of Arrangement approved by the High Court in Mumbai, all the cable TV distribution business within ZEEL and Siti Cable Networks Limited (Siti Cable) was transferred to WWIL as of 31 March 2006. Siti Cable was a 100% subsidiary of Zee Telefilms Limited. The cable operations of Siti Cable were launched in June 1994. SITI Cable was known as Wire and Wireless (India) Limited till 5 September 2012 wherein after it is renamed as SITI Cable Network Limited. In 2016, it was renamed as Siti Networks Limited.
In the FY 2023âÂÂ24, the company reported a revenue from operations of â¹866 crore, while it had revenue from operations of â¹918 crore in FY 2022âÂÂ23. It reported a loss of â¹204.5 crore in FY24, and it had a loss of â¹314.5 crore in FY23. Siti Networks has been under insolvency proceedings since February 2023, after IndusInd Bank filed a petition over an alleged default of â¹148 crore.