Corporate governance is integral to the telecommunication sector, influencing operational performance and financial stability. This study examines its impact on the financial ratios of Vodafone Idea, Airtel, and Reliance Jio. Vodafone Idea saw a decline in asset turnover and liquidity, suggesting a need for improved revenue generation and debt management. Airtel experienced mixed effects, with an overall positive trend in asset turnover and current ratio, indicating moderate adjustments in capital structure. Reliance Jio maintained stable financial ratios, reflecting resilience and improved operational performance post-governance reforms.The findings highlight the significance of corporate governance in managing risks, enhancing transparency, and fostering trust among stakeholders. Effective governance practices are shown to be crucial for sustainable growth and profitability, particularly in managing industry-specific challenges such as regulatory changes and technological disruptions. The study suggests that adaptive governance frameworks and strategic financial management are vital for maintaining competitiveness in the dynamic telecom market. Future research should continue to monitor these financial metrics to evaluate the long-term impact of governance reforms on sectoral competitiveness and sustainable growth strategies. This comprehensive analysis of governances role in financial outcomes offers valuable insights for industry stakeholders and informs strategic decision-making in the evolving telecom landscape. The study concludes that transparent governance structures and robust monitoring mechanisms are essential for optimal asset utilization, liquidity management, debt control, and operational profitability.