Indus Towers

Indus Towers Limited
Company typePublic
ISININE121J01017
IndustryTelecommunications
PredecessorBharti Infratel
FoundedNovember 2007; 17 years ago (2007-11)
HeadquartersDLF Cyber City,
Gurugram, Haryana
,
India[1]
Number of locations
219,736 towers[2] (FY24)
Area served
India
Key people
  • N. Kumar (Chairman)
  • Prachur Shah (MD & CEO)[3]
RevenueIncrease ₹28,961 crore (US$3.5 billion) (2024)
Increase ₹8,122 crore (US$970 million) (2024)
Increase ₹6,036 crore (US$720 million) (2024)
Total assetsIncrease ₹55,867 crore (US$6.7 billion) (2024)
Total equityIncrease ₹27,038 crore (US$3.2 billion) (2024)
Owners
Number of employees
3,554[5] (FY24)
Websitewww.industowers.com

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.

Bharti Infratel merged with Indus Towers on 19 November 2020, creating one of the largest mobile tower infrastructure operators in the world.[6] Post-merger, Bharti Airtel holds a 36.73% stake in Indus Towers, with Vodafone Group Plc holding 28.12%,[7] and 3.1% shares held by Providence Equity.[4]

Indus Towers Limited has over 192,874 towers and 342,831 co-locations and a nationwide presence covering all 22 telecom circles.[8] It has the widest coverage in India and has already achieved 289,000 tenancies, a first in the telecom tower industry globally.[9][10] Some of its major customers include Airtel, Bharti Hexacom, Jio and Vi.[8]

  1. ^ "Contact Us". Indus Towers. 28 March 2018. Retrieved 21 May 2023.
  2. ^ "Home page". Indus Towers. Retrieved 21 May 2023.
  3. ^ "Board of Directors". Indus Towers. 7 May 2019. Retrieved 21 May 2023.
  4. ^ a b Cite error: The named reference shareholding was invoked but never defined (see the help page).
  5. ^ "Annual Report 2023-24" (PDF). Indus Towers. Retrieved 30 April 2024.
  6. ^ "Largest tower company in world outside China! Indus Towers, Bharti Infratel merger complete". Business Today. 20 November 2020.
  7. ^ Cite error: The named reference :0 was invoked but never defined (see the help page).
  8. ^ a b Guha, Ishita (28 January 2021). "Indus Towers Q3 net profit up 2% at ₹1,360 crore". Livemint.
  9. ^ Sengupta, Devina; Banerjee, Niharika (22 March 2017). "Merger to give Vodafone, Idea edge in divesting Indus Towers stakes". The Economic Times. Retrieved 25 July 2017.
  10. ^ Aulakh, Gulveen (29 November 2016). "Indus Towers to invest Rs 100 crore to set up 500 new sites across India". The Economic Times. Retrieved 25 July 2017.