Indus Towers
Indus Towers Limited is an Indian telecommunications infrastructure company offering passive infrastructure services to mobile network operators and other wireless services providers. Headquartered in Gurugram, Haryana, Indus Towers was incorporated in November 2007 by Bharti Infratel (a subsidiary of Bharti Airtel), Vodafone Essar, and Idea Cellular, to provide shared telecom infrastructure to telecom operators on a non-discriminatory basis.
| Company type | Public |
|---|---|
Traded as |
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| ISIN | INE121J01017 |
| Industry | Telecommunications |
| Predecessor | Bharti Infratel |
| Founded | November 2007 |
| Headquarters | DLF Cyber City, , India |
Number of locations | 192,874 towers (FY23) |
Area served | India |
Key people |
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| Revenue | ₹28,743.10 crore (US$3.6 billion) (2023) |
| ₹2,759.30 crore (US$350 million) (2023) | |
Net income | ₹2,040 crore (US$260 million) (2023) |
| Total assets | ₹46,572.40 crore (US$5.8 billion) (2023) |
| Total equity | ₹21,109.50 crore (US$2.6 billion) (2023) |
| Owners |
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Number of employees | 3,248 (FY22) |
| Website | www |
Bharti Infratel merged with Indus Towers on 19 November 2020, creating one of the largest mobile tower infrastructure operators in the world. Post-merger, Bharti Airtel holds a 36.73% stake in Indus Towers, with Vodafone Group holding 28.12%, and 3.1% shares held by Providence Equity.
Indus Towers Limited has over 192,874 towers and 342,831 co-locations and a nationwide presence covering all 22 telecom circles. It has the widest coverage in India and has already achieved 289,000 tenancies, a first in the telecom tower industry globally. Some of its major customers include Airtel, Bharti Hexacom, Jio and Vi.