The AI-powered search engine Perplexity and Bharti Airtel launched a collaboration on 17 July. As a result, all Airtel customers will receive a complimentary 12-month subscription to Perplexity Pro, which would normally cost INR 17,000 annually worldwide.
Customers of Airtel’s DTH, broadband, and mobile services can access the offer via the Airtel Thanks app. This is the first time Perplexity has worked with an Indian telecom provider.
Airtel presently has over 390 million users in India, second only to Reliance Jio, which has 475 million, according to the most recent figures from the Telecom Regulatory Authority of India (TRAI).
What isPerplexity?
Perplexity is a conversational, AI-powered search and answer engine that goes beyond conventional search results to provide immediately digestible, thoroughly researched solutions.
Gopal Vittal, Vice Chairman & Managing Director of Bharti Airtel, commented on the collaboration, saying the business is excited to announce a revolutionary relationship with Perplexity that will deliver their state-of-the-art AI capabilities exclusively to Airtel customers.
“Through this partnership, millions of users will have free access to a robust and up-to-date knowledge tool. The goal of this first-of-its-kind Gen-AI collaboration in India is to empower our clients to confidently and easily traverse the new trends in the digital world,” he added further.
More individuals in India, including students, working professionals, and home managers, will have access to accurate, trustworthy, and professional-grade AI thanks to this collaboration, according to Aravind Srinivas, co-founder and CEO of Perplexity.
Users may learn more, access information more quickly, and accomplish more with Perplexity Pro.
How this Collaboration can Benefit the Users?
Advanced AI models like GPT-4.1 and Claude, deeper research tools, image generation, file uploads and analysis, and Perplexity Labs—which helps with idea and project development—are all available to subscribers of Perplexity’s Pro version.
The agreement with Airtel comes after Perplexity and Motorola launched a global alliance in April 2025, whereby Perplexity is pre-installed on millions of Motorola smartphones, including the most recent Razr and Edge 60 series.
Perplexity Pro, which gives customers access to sophisticated capabilities including deep research, several AI model choices (such as GPT-4o, Claude 3.5 Sonnet, and Sonar), unlimited file uploads, and AI-enhanced purchasing tools, is provided to Motorola users for free for three months as part of that collaboration.
Perplexity Gaining Popularity
According to a media report last month, the startup is also getting close to a comprehensive agreement with Samsung.
As per reports, Samsung is in advanced talks to include Perplexity’s search capabilities in the Samsung web browser, preload the app and assistant on future devices, and maybe incorporate Perplexity technology into Samsung’s Bixby virtual assistant.
A media source claims that the business is assessing Perplexity and other industry participants for such a deal. Although specifics are still being finalised, the integration is anticipated to debut as early as the Galaxy S26 lineup in 2026.
Samsung intends to be a significant investor in Perplexity’s upcoming investment round, according to a media outlet. The business is seeking to earn $500 million at a $14 billion valuation.
High-speed satellite internet services are about to be introduced in India by Elon Musk’s Starlink and other satellite communication companies, such as Eutelsat OneWeb, which is supported by the Bharti Group, Reliance Jio’s joint venture with SES, and Globalstar.
In order to swiftly draw in a sizable user base in one of the biggest telecom markets in the world, Starlink is anticipated to launch unlimited data plans at discount prices of less than $10 (about INR 840) per month, according to a report from a renowned media house.
Severe Competition o Lead the Race
Satellite operators are trying to expand quickly by providing reasonably priced services, despite the high cost of spectrum and licences. According to experts, this strategy might assist these businesses in spreading out their costly spectrum and infrastructure expenditures over a larger clientele.
Up to 10 million consumers in India is the long-term objective. The telecom watchdog in India, TRAI, has suggested a minimum yearly spectrum cost of INR 3,500 per MHz and a 4% levy on adjusted gross revenue (AGR).
Additionally, suppliers will be required to pay a licence charge of 8%. While there would be no such tax in rural areas, operators would have to pay an extra INR 500 per subscriber annually in metropolitan areas.
The ultimate government approval of these recommendations is pending. Even while the monthly plans can appear alluring, many Indian users might be put off by the initial expense of Starlink hardware.
Starlink kits cost between $250 and $380 (about INR 21,300 to INR 32,400) worldwide. This is a substantial investment in contrast to India’s fibre broadband offerings, which have cheaper installation costs, offer speeds of up to 1 Gbps, and frequently come with bundled OTT subscriptions.
Developments in Regulation and Actions by Rivals
Starlink has obtained a letter of intent from India’s Department of Telecommunications (DoT) and is awaiting final certification from the Indian National Space Promotion and Authorisation Centre (IN-SPACe), whereas Jio-SES and Eutelsat OneWeb have already obtained regulatory licenses.
Technical constraints may impede Starlink’s expansion in India, notwithstanding its lofty goals. The satellite constellation’s geographic coverage of India is projected to be between 0.7% and 0.8% of the world’s total satellite capacity, meaning that only 700 to 800 satellites are always in the country.
This contrasts sharply with India’s strong terrestrial infrastructure, which includes 3 million base transceiver stations and more than 800,000 telecom towers. For comparison, Starlink presently charges 6,000 BDT (about INR 4,200) per month in Bangladesh.
The overall start-up fees for new customers come to around INR 37,200, which includes a one-time equipment price of 47,000 BDT (INR 33,000) and an extra 2,800 BDT (INR 2,000) for shipment.
The petitions filed by Vodafone Idea (Vi), Bharti Airtel, and Tata Teleservices asking for a waiver of their long-standing adjusted gross revenue (AGR) obligations were denied by the Supreme Court on 20 May.
As part of their AGR obligations, the telcos sought relief from the payment of interest, penalties, and interest on penalty components. A bench of Justices J B Pardiwala and R Mahadevan referred to the plea as “misconceived” and stated that the court will not block the Centre’s decision to provide relief to these corporations. “We will not stand in your way if the government wishes to assist you,” Pardiwala stated.
Bad News for Vodafone Idea
According to experts, the recent decision may have serious repercussions for Vodafone Idea (Vi), which is already having difficulties. The telco has stated that without assistance, it will not be able to continue operating into FY26. Analysts speculated that it might even be on the verge of going bankrupt.
Department of Telecommunications (DoT) officials noted that it was doubtful that the government would acquire any additional share in Vi, citing the court’s ruling on government assistance. The Bench stated that the petitions “really shocked” it. “Very uneasy. An international corporation is not expected to do that. We’ll ignore it,” the Bench noted.
Vi, who is expected to be most affected, informed the court via senior advocate Mukul Rohatgi that the Centre is unable to save the company because of earlier rulings from the Supreme Court. “You know, all we are saying is that the government is now 50% owner of my company,” Rohatgi said to the Bench.
However, they replied that because of the decision, we are powerless to assist. Their response is based on the Supreme Court’s ruling rather than saying, “We won’t look at your representation.”
Government not Keen on Expanding its Stake in Vi
Solicitor General Tushar Mehta, who represented the Centre, stated, “What we have said is that, in view of the judgement of the Lordships, we cannot examine (the relief sought).” According to DoT officials, the government is not interested in increasing its holding beyond what it now has because doing so would essentially make the carrier a public sector organisation.
According to another DoT official, Vi has already asked the DoT for relief in a number of ways, including asking it to recalculate the AGR. “But the matter has been resolved by previous rulings,” he stated.
In a letter dated April 29, DoT most recently denied the telco’s request, claiming that the 2020 Supreme Court ruling precluded further concessions on AGR obligations. Earlier this month, Vi exchanged INR 36,950 crore in unpaid spectrum auction debt into government equity shares.
Consequently, the Centre’s ownership stake in the telco rose from 22.6% to 48.9%. In order to retain governance and management powers, Vi modified the shareholders’ agreement earlier in May to lower the qualification criteria for promoter groups, including the UK-based Vodafone and the Aditya Birla Group.
Bharti’s journey from a humble beginning to one of the most renowned personalities in the global telecom industry is, indeed, an inspiring entrepreneurship cum vision story. His vision is to establish the foundation of Bharti Enterprises, which is expected to revolutionize mobile connectivity, digitally reshape India, and create paths across the world.
Bharti’s success story is really the tale of adaptation and innovation combined with astute investments. Bharti shone in his international alliances, paving the way to worldwide expansion and successfully traversing the developmental changes of technology as a futurist innovator. He really was able to think ahead, lead the vision, and work hard for excellence, which made Airtel come into existence. He also saw some remarkable milestones for the company, including the launching of the first telecom services to international fame.
Sunil Bharti Mittal: Biography
Name
Sunil Bharti Mittal
Birthplace
Ludhiana, Punjab, India
Born
October 23, 1957
Nationality
Indian
Education
Wynberg Allen School in Mussorie , Scindia School in Gwalior, Arya College in Ludhiana, Harvard University
Occupation
Industrialist Philanthropist
Title
Founder & chairman Bharti Enterprises
Alma Mater
Panjab University, Chandigarh
Spouse
Nyna Mittal
Children
Son: Kavin Bharti, Sharvin Bharti and Daughter: Eisha Mittal
Sunil was born on October 23, 1957, in a Ludhiana, Punjab, Agarwal-Khatri family. Sunil was the son of Sat Pal Mittal, a distinguished Member of Parliament from the Rajya Sabha. He inherited the family’s legacy and an indomitable spirit of determination and ambition.
Sunil’s childhood was spent in the busy streets of Ludhiana with his political luminary father, creating a colourful background for his life. The exposure to politics, leadership, and public life undoubtedly sowed the seeds of discipline and purpose in young Sunil.
Sunil first attended Wynberg Allen School in Mussoorie, one of the most renowned schools in the Himalayan hills. But his academic path soon took him to the Scindia School in Gwalior, famous for its culture of nurturing future leaders.
Sunil graduated from Panjab University, Chandigarh, in 1976 with a Bachelor of Arts and Science. During this time, he also studied at Arya College in Ludhiana, building a foundation as diverse as his aspirations.
Sunil Bharti Mittal – Career
Bharti Enterprises founder Sunil Bharti Mittal is a man of ambition, resilience, and innovative thinking. Sunil was born into a business-focused family and had an entrepreneurial spark as a child. In 1976, at 18 years old, he started his first business with INR 20,000 borrowed from his father. His first foray was crankshaft production for bicycle makers, a lowly beginning that would be the basis for his business acumen.
In 1980 Sunil and his brothers Rakesh and Rajan started Bharti Overseas Trading Company. At first, the enterprise imported goods like Suzuki Motors’ portable electric generators from Japan. Sunil had financial success from this venture, but a government ban on generator imports in 1983 forced him to pivot.
In 1982, Mittal attended a trade show in Taiwan, where he first saw push-button phones. He was fascinated and wondered if he could introduce this technology in India, where rotary phones were still the norm. In 1984, he began assembling these phones under Bharti Telecom Limited (BTL) in collaboration with Germany’s Siemens AG. Mittal’s brand Beetel became synonymous with modern telephony, and soon, Mittal started making fax machines, cordless phones, and answering machines.
In 1992, the Indian government auctioned licenses for mobile telephony, marking a pivotal moment. Mittal’s determination helped Bharti get the permit for Delhi despite competing with industry giants Tata and Birla. In 1995, he partnered with France’s Vivendi to launch Bharti Cellular Limited under Airtel. By 1997, Airtel had become a name on every household’s lips, having crossed the two million subscriber mark in record time.
Mittal’s vision was not limited to connectivity. With the launch of IndiaOne, he revolutionized STD and ISD rates and made telecommunications affordable and accessible for millions.
Bharti was taken into international markets because of Mittal’s hunger for expansion. In 2008, he tried to make an audacious $45 billion acquisition of South Africa’s MTN Group, which would have been the most significant overseas deal by an Indian company. The deal fell through, but his resolve was not broken. Bharti’s successful 2010 acquisition of Zain Telecom’s African operations for $10.7 billion was the largest telecom acquisition by an Indian company.
Mittal’s leadership style was defined by adaptability and innovative financing strategies. He approached telecom, a traditionally capital-intensive industry, with a modular mindset: start small break even on operations.
Airtel’s success was spearheaded by bold initiatives, such as scrapping national and international roaming charges in 2017, which restructured the industry and made Airtel a customer-centric brand.
Mittal is a visionary entrepreneur who has always believed in giving back. He is also involved in the education business through the Bharti Foundation, which operates 250 schools and serves 46,000 students.
Sunil Mittal may be India’s most successful business leader, but he is still humble and has learned the hard way from his early days. His story is not just a story of personal triumph; it’s a blueprint for aspiring entrepreneurs. Sunil Bharti Mittal has changed the face of Indian telecommunication and spurred generations to dream big through foresight, innovation, and a relentless pursuit of excellence.
Sunil grew up with his brothers Rajan Mittal and Rakesh Bharti Mittal, who later joined him in shaping the Bharti legacy. Their mother, Lalita Mittal, held the family together with values of resilience and compassion. However, in 1992, Sat Pal Mittal, the Mittal’s patriarch, died of cardiac arrest.
Sunil Mittal’s family has always been close to him. Nyna Mittal is his wife, and they have a happy life together. They are proud parents to three children: Kavin Bharti Mittal, Sharvin Bharti Mittal, and Eiesha Mittal, two sons. Each of his children has carved out his path in life, following in their father’s entrepreneurial footsteps but still being who he is.
Even though he has been successful, Sunil Mittal is still grounded. His dynamic personality is reflected in his interests. Formula 1 is his passion, and he loves speed and innovation.
Sunil’s life is not free of challenges. He was also controversial and called to testify in the 2G spectrum case. Yet, through his resilience and integrity, he has survived adversity.
It is a testament to Sunil Bharti Mittal’s determination and vision that he went from Ludhiana to the chairman of Bharti Enterprises. He had values from his family, but he made his legacy by sheer hard work and innovation.
Sunil Bharti Mittal – Investments
Mittal invests in telecommunications and education, but his portfolio is diversified strategically. He has also invested in real estate, technology, and infrastructure companies. Bharti Enterprises has two subsidiaries: Bharti Realty, the real estate arm, and Beetel Teletech, which manufactures telecom equipment.
Mittal’s investments are not purely about financial growth but also about doing good. Whether connecting the unconnected through OneWeb’s satellite broadband service or reshaping the future of education with UpGrad, Mittal is committed to long-term solutions to some of the world’s biggest challenges.
Under his leadership, Bharti Enterprises will continue to grow and change; Mittal’s ability to see what is on the horizon and unyielding commitment to innovation will ensure that his investments make his business successful and lead to positive social change. Whether digital transformation, sustainability, or global connectivity, Sunil Mittal’s investments aim for long-term impact and progress worldwide.
Year
Invested in
Aug 8, 2022
UpGrad
Aug 25, 2022
Airtel
Jun 29, 2021
OneWeb
Mar 18, 2019
OneWeb
Dec 19, 2016
OneWeb
Jun 26, 2015
OneWeb
Sunil Bharti Mittal – Controversies
India’s telecom revolution visionary, Sunil Bharti Mittal, became trapped in a legal quagmire that could have brought his empire crashing down. The storm at the center was so controversial that courts sharply rebuked it, exposed political vendetta, and tested the resilience of one of India’s most admired businesspeople.
The drama started with allegations about Bharti Airtel’s getting additional spectrum in 2002. The Central Bureau of Investigation (CBI) said Mittal’s company and Hutch had received undue benefits when the late Pramod Mahajan, then Telecom Minister, allowed spectrum allotments from 4.4 MHz to 6.2 MHz and 8 MHz. The CBI argued that Airtel’s spectrum usage charges (SUC) were kept suspiciously low, allegedly to help the company’s initial public offering (IPO).
The case’s foundation was shaky from the start. The company countered that Airtel’s IPO was oversubscribed days before Mahajan’s decision. The SUC increase to 4% for 8 MHz was also in line with existing norms and contrary to the CBI’s claim that it should have been raised to 5%. It looked less like corporate wrongdoing and more like political maneuvering.
It peaked when a special court rejected CBI’s charge sheet with scathing remarks. The investigative agency, it said, ‘fabricated and distorted’ the facts to create the illusion of a crime where there was none. The charges’ sharp words tore apart their credibility, with the judiciary describing them as a consequence of ‘extraneous reasons.’
However, this only added fuel to the fire as then Finance Minister Arun Jaitley, in a blog post, accused the CBI of politically motivated actions. According to him, the charges were cooked up on the instructions of Kapil Sibal, a central figure in the United Progressive Alliance (UPA), to tar the National Democratic Alliance (NDA) like the UPA’s infamous telecom scandals.
The case also had obvious political overtones. The CBI alleged that Mittal and his associates benefited from the spectrum allocations to promote Airtel’s IPO. However, as industry experts and later court findings have shown, spectrum usage charges at that time primarily aligned with policy norms.
The preferential treatment allegations were also questioned about other policies, such as the 2001 WLL spectrum framework, which allowed companies to increase the spectrum without raising SUC. There was no hard evidence to suggest that the case was really about corporate malpractice and more about the political narrative.
Mittal’s reputation was damaged during the controversy, and the dismissal of the charges brought immense relief. The court’s judgment also served as a wake-up call for investigative agencies to make accusations based on evidence-free from political influence.
Mittal’s ordeal highlighted India’s precarious mix of business and politics. But despite the controversy, he emerged strong, with his legacy of being the architect of India’s telecom revolution intact.
Sunil Bharti Mittal – Awards and Recognition
Padma Bhushan (2007)
Transforming India Leader Award
GSM Association’s Chairman’s Award (2008)
Asia Businessman of the Year (2006)
Telecom Person of the Year (2006)
CEO of the Year (2006)
CEO of the Year (2005-06)
Best Asian Telecom CEO (2005)
Best CEO, India (2005
Business Leader of the Year (2005)
Philanthropist of the Year (2010)
INSEAD Business Leader Award (2011)
Doctor Honoris Causa Degrees:
Amity University, Gurgaon (2016)
Shri Mata Vaishno Devi University, Katra (2018)
ESCP Business School, Paris (2018)
Global Mobile Industry Recognition (2019)
Economic Times Business Leader of the Year (2022)
Honorary Knight Commander of the Order of the British Empire (KBE, 2024)
Sunil Bharti Mittal – Interesting Facts
Sunil Mittal began his entrepreneurial journey in 1976 by making crankshafts for local bicycle manufacturers while most teenagers dreamed of college.
Bharti Foundation, Mittal’s philanthropic arm, has established over 50 schools in Madhya Pradesh and donated ₹200 million to help establish the Bharti School of Technology and Management at IIT Delhi.
Airtel is synonymous with Mittal’s success; surprisingly, few people know about his knack for innovation. He was among the first to understand the benefits of outsourcing in the telecom industry and aligned with global players like IBM for IT services and Ericsson for network infrastructure.
King Charles III honoured Sunil Mittal, becoming the first Indian citizen to be awarded Knight Commander of the Most Excellent Order of the British Empire (KBE) in 2024. His contribution to global business and philanthropy was recognized.
Sunil Mittal is a fan of Formula 1 and loves Italian cuisine, with pizza topping his list of favourite indulgences.
According to reports, iBus Network and Infrastructure Pvt. has inked a share purchase deal with telecom carriers Bharti Airtel and Vodafone Idea to transfer their full ownership of the joint venture Firefly Networks Ltd. According to exchange filings, both telecom companies would sell their 50% ownership in Firefly Networks to iBus Network for a total cash consideration of INR 4.5 Cr each. It is expected that the transaction will close within 30 business days of the parties’ agreement being executed.
Firefly will no Longer be a Part of JV
After the completion of this transaction, Firefly Networks will no longer be a joint venture between Vodafone Idea and Bharti Airtel. The filing states that the transaction is not categorised as a related-party transaction and that closing conditions must still be met. In a separate filing, Vodafone Idea stated that it would earn INR 4.5 Cr for the sale of its full 50% stake in Firefly. Wi-Fi hotspots are managed and monetised by Firefly, which also supplies Wi-Fi infrastructure to partners in major Indian cities, including public areas, malls, cafes, hospitals, corporate parks, and transit hubs. iBus Network and Infrastructure, which is backed by investors like the International Finance Corporation and the National Investment and Infrastructure Fund, specialises in providing Wi-Fi managed services and in-building telecom network solutions.
About iBus
iBUS, which was founded in 2013 by Ram Sellaratnam, Subash Vasudevan, and Sunil Menon, provides cellular and Wi-Fi access at various locations, including hospitals, airports, and IT parks. iBus Sync (broadband services), iBus Find (customer behaviour analyser), iBus Talk (data connectivity inside buildings), and iBus Sense (IoT-enabled communication platform) are among its product offerings. To increase its footprint in foreign markets, the firm raised INR 280 Cr (about $34 Mn) a few months ago from the International Finance Corporation (IFC), a part of the World Bank Group.
Current Financial Graph of Vodafone
Vodafone Idea’s consolidated revenue from operations climbed by 2.02% year over year from INR 10,716 crore in Q2 FY24 to INR 10,932 crore in Q2 FY25 and by 4.03% quarter over quarter from INR 10,508 crore in Q4 FY24, according to its most recent filing. The quarter ended in September 2024.
From a loss of INR 8,738 crore in Q2 FY24 to a loss of INR 7,176 crore in Q2 FY25, Vodafone’s consolidated net loss has dropped 17.87% year over year. The net loss of the company has increased by 11.56% on a quarter-over-quarter basis from INR 6,432 crore in the fourth quarter of 2025.
According to an official on 24 December, telecom regulator Trai will shortly make recommendations on regulations for the distribution of satellite spectrum. To open the door for satellite-based broadband services in the nation, the government would consider the suggestions made by the Telecom Regulatory Authority of India (Trai) before deciding to distribute spectrum to satellite communication firms.
Trai Chairman A K Lahoti stated that the recommendation on satcom spectrum rules will be released “very soon” when asked about it at a National Consumer Day event. In the second week of November, Trai wrapped up an open-house discussion on the terms and circumstances for spectrum assignment for specific commercial satellite-based communication services.
Tug of War Between National and International Players
Reliance Jio and Bharti Airtel, two telecom service providers, believe that spectrum should only be distributed through auctions in order to ensure nationwide mobility. Nonetheless, an administrative distribution of satcom spectrum is supported by Elon Musk’s Starlink, as well as international competitors like Amazon’s Project Kuiper and other satellite communication firms.
Trai’s lengthy open-house discussion lasted for several hours, during which telcos Reliance Jio and Bharti Airtel united and spoke in tandem about the need for a level playing field as India works out the norms for satcom spectrum. The battle lines between terrestrial players and satellite aspirants were clearly drawn. In support of the satellite spectrum auction, Jio stated that it is “not afraid of competition” but that “same services, same rules” must be followed.
A retired Supreme Court judge was consulted by the Mukesh Ambani-led company to provide legal advice, stating that the issue of levelling the playing field with ground-based telecom networks appears to have been entirely ignored in Trai’s consultation paper on spectrum allotment for satellite communications. Several international peers, including Amazon’s Project Kuiper and Musk’s Starlink, support an administrative distribution of satcom spectrum.
Satellite Earth Station Gateways
Regarding licensing requirements for satellite earth station gateways (SESG), service providers have been at odds. While Bharti Group-backed Eutelsat OneWeb and Apple partner Globalstar have stated that SESG does not require any new licensing, reports indicate that Amazon’s Kuiper, Canada’s Telesat, and Tata’s Nelco have shown interest in a distinct authorisation scheme for SESG.
Data transfer between local networks is facilitated by SESGs, which are ground stations. Jyotiraditya Scindia, the minister of communications, stated in October that satellite service spectrum would be administratively distributed but at a “cost.” It is important to remember that in order to provide satcom services in India, Starlink and Amazon Kuiper must first get a global mobile personal communication by satellite services (GMPCS) licence. Permits to launch satellite communications services in the nation have only been granted thus far to Reliance Jio’s joint venture with Luxembourg-based satellite provider SES and Eutelsat Oneweb, which is supported by Bharti.
According to Anil Kumar Lahoti, chairman of the Telecom Regulatory Authority of India (Trai), the organisation is expected to make its recommendations about spectrum assignment and satcom service price by December. Trai has examined all of the comments, rebuttals, and submissions from the industry following the open house discussion. After then, it will take us two months to arrive. Thus, Lahoti informed the media that at some point in December, Trai will be in a position to make its recommendations.
Additionally, he stated that before developing the suggestions, TRAI will consult the International Telecommunication Union’s (ITU) regulations, worldwide best practices, and stakeholder inputs. This occurs weeks after representatives of terrestrial and non-terrestrial network providers attended an open house discussion on satcom spectrum allotment hosted by TRAI.
Tug of War Between National and International Players
There were heated exchanges during the event as telcos like Reliance Jio and Bharti Airtel demanded that satcom spectrum be distributed through an auction to guarantee a “level playing field,” while Jeff Bezos’s Amazon Project Kuiper and Elon Musk’s Starlink made the case for administrative satcom spectrum distribution.
This comes after Jyotiraditya Scindia, the minister of communications, stated last month that satellite service spectrum will be distributed administratively but at a “cost” that would be determined by TRAI following thorough discussions with relevant parties. Chandra Sekhar Pemmasani, the Minister of State (MoS) for communications, stated earlier this month that satcom should be viewed as an adjunct to terrestrial networks like 5G and 6G in order to close the digital gap and improve last-mile connectivity in India.
The director of Starlink Satellite Communications, Parnil Urdhwareshe, stated during the open house that Indian consumers desire satellite broadband services and that these “intelligent consumers” are entitled to select an operator that will offer them a high-quality, reasonably priced service. He noted that Starlink’s website easily provides costs for any country and that the company takes pride in making satellite broadband accessible to those who have not yet had it.
Consultation Paper and its Aftermath
Notably, in September, TRAI released a consultation paper to investigate the process and cost of allocating spectrum to satcom firms. The study requested feedback on 21 topics, such as the process for calculating spectrum fees, satellite communications service frequency ranges, assignment duration, and provisions for spectrum surrender, among other things.
In response, telecom provider Reliance Jio sent several letters to TRAI requesting that the consultation paper on satcom spectrum distribution be withdrawn. The company said that the current paper “overlooks the critical point of ensuring” a level playing field between satellite and terrestrial services.
India’s economy and entrepreneurial spirit have flourished in recent years, leading to the emergence of the top 10 companies by market valuation as the leaders of the country’s dynamic corporate landscape in 2024.
These companies span various sectors and industries, showcasing their success and innovation and contributing to the country’s growth trajectory while influencing global markets.
In this article, we will take a closer look at the top 10 companies in India by market valuation, exploring their diverse sectors, innovative strategies, and the factors that have contributed to their success.
Reliance Industries – Top Indian Companies by Market Valuation
Reliance Industries Limited is recognized as India’s largest private-sector corporation that focuses on stakeholder-centric innovation and sustainable growth. Its motto is “Growth is Life.”
Over the years, Reliance has transformed from a textile and polyester company to an integrated player across various energy, materials, retail, entertainment, and digital services, contributing significantly to India’s economic landscape.
The company strongly believes in “What is Good for India is Good for Reliance”. It has positioned itself as a driving force behind India’s progress, especially in its commitment to self-reliance, sustainable growth, and embracing the new energy and digital-first future.
Reliance’s approach to value creation is characterized by its commitment to move “Forward with India” and “Forward with Everyone,” ensuring that the benefits extend beyond shareholders.
The company focuses on superior returns for investors, adherence to regulatory compliance, substantial contributions to the national exchequer, and extensive philanthropic initiatives through Reliance Foundation, thereby establishing itself as a responsible corporate citizen.
Reliance aims to provide superior experiences for its vast customer base across various business verticals, supported by solid partnerships with suppliers and vendors, including MSMEs and domestic manufacturers.
The company conducts its businesses ethically and respectfully, striving to uphold integrity and accountability in all endeavours. Reliance Industries Limited continues to shape India’s economic landscape while fostering a better future for all stakeholders through its relentless pursuit of excellence and commitment to societal well-being.
TATA Consultancy Services (TCS)
Founder
J.R.D. Tata
Founded
1968
Sector
Information Technology
Tata Consultancy Services (TCS) – Top Indian Companies by Market Valuation
Tata Consultancy Services (TCS) is a well-known provider of IT services, consulting, and business solutions with a history of over five decades. TCS firmly believes that innovation and collective knowledge can bring a brighter future.
It has been at the forefront of partnering with some of the world’s largest businesses and using technology to drive transformative change.
At its core, TCS is committed to fostering enduring relationships and delivering sustainable outcomes that reflect a long-term view prioritising mutual growth. This commitment also extends to its corporate social responsibility initiatives.
TCS endeavors to create more remarkable futures by connecting individuals to opportunities within the digital economy. TCS aims to contribute to a fairer and more equitable world for all, aligned with the values of its parent company, the Tata Group.
TCS empowers organisations to thrive in the digital age with its diverse services. It offers comprehensive solutions tailored to meet the evolving needs of its clients, from harnessing the power of artificial intelligence and cloud technologies to enhancing cybersecurity measures and leveraging data analytics for informed decision-making.
TCS’s expertise in consulting, cognitive business operations, IoT digital engineering, network solutions, sustainability services, and interactive experiences underscores its commitment to driving innovation and sustainability across various domains.
HDFC Bank – Top Indian Companies by Market Valuation
HDFC Bank Limited, known as HDFC, is one of the leading banks in India’s financial services sector, based in Mumbai. It was established in August 1994 and became the country’s largest private sector bank by assets, following the ‘in principle’ approval granted by the Reserve Bank of India (RBI) to its parent company, HDFC, as part of the liberalisation of the Indian banking industry.
HDFC has a strong legacy in the private banking sector and boasts an impressive distribution network with 8,192 branches and 20,760 ATMs/Cash Recycler Machines spread across 3,836 cities and towns as of February 2024.
The bank significantly emphasizes good corporate governance and has instituted a robust Corporate Governance Policy that serves as a guiding framework for managing and monitoring the bank in line with the principles of good corporate governance. HDFC Bank is committed to societal progress and champions empowerment through its social initiatives under the banner of ‘Parivartan.’
Through Parivartan, the Bank endeavours to catalyze positive transformation in the lives of millions of Indians, focusing on contributing to the economic and social development of the nation by empowering its communities sustainably.
These initiatives span a diverse spectrum, including rural development, education, skill development, livelihood enhancement, healthcare and hygiene, and financial literacy.
ICICI Bank
Founder
World Bank, the Indian government, and the Indian business executives
Founded
1994
Sector
Banking and Financial Services
ICICI Bank – Top Indian Companies by Market Valuation
ICICI Bank Limited is a renowned Indian multinational bank and financial services provider. It is headquartered in Mumbai and has a registered office in Vadodara. It offers extensive services to corporate and retail clients through various delivery channels and specialized subsidiaries.
These services include investment banking, life and non-life insurance, venture capital, and asset management. Over six decades, ICICI Group has played a vital role in fostering India’s economic growth and development, with a steadfast commitment to promoting inclusive growth.
For its exemplary commitment to corporate governance, ICICI Bank was awarded the ‘Best Governed Company Award’ by the Asian Centre for Corporate Governance & Sustainability in 2023. It also won the title of ‘Best Bank’ in the ‘Large Banks’ category at the esteemed 16th edition of the Mint BFSI Summit and Awards.
With these accolades and its continued commitment to excellence and societal impact, ICICI Bank reaffirms its position as a trailblazer in the banking and financial services industry. It is driving progress and prosperity for its stakeholders and the nation.
Bharti Airtel
Founder
Sunil Bharti Mittal
Founded
1995
Sector
Telecommunication
Bharti Airtel – Top Indian Companies by Market Valuation
Bharti Airtel is a renowned telecommunications company that provides trusted ICT services globally. Headquartered in New Delhi, India, Airtel has a vast global network spanning the USA, Europe, Africa, the Middle East, Asia-Pacific, India, and SAARC regions.
It is one of the top 3 mobile service providers globally in terms of subscribers. It operates in 18 countries across South Asia, Africa, and the Channel Islands. Airtel is known for delivering cutting-edge technology and offers 5G, 4G, and LTE Advanced services in India that cater to the evolving needs of consumers and businesses.
The company’s pioneering approach to strategic management, particularly its outsourcing model that encompasses all business operations except marketing, sales, and finance, has enabled Airtel to establish the ‘minutes factory’ model. This model is characterised by low costs and high volumes, enhancing operational efficiency and driving growth.
With its commitment to excellence and innovation, Bharti Airtel Limited continues to redefine the telecommunications landscape, providing seamless connectivity and advanced services to customers across the globe.
State Bank of India (SBI)
Founder
Government of India and Reserve Bank of India
Founded
1806
Sector
Banking and Financial Services
State Bank of India (SBI) – Top Indian Companies by Market Valuation
State Bank of India (SBI) is a Fortune 500 company headquartered in Mumbai that specializes in public-sector banking and financial services. With a legacy spanning over 200 years, SBI has gained the trust of generations of Indians.
The bank has diversified its businesses through subsidiaries such as SBI General Insurance, SBI Life Insurance, SBI Mutual Fund, and SBI Card, among others. State Bank of India (SBI) operates globally through 235 offices in 29 foreign countries, ensuring a global presence across different time zones.
SBI remains committed to evolving and continually redefining banking in India by providing responsible and sustainable solutions to its customers. The bank’s roots trace back to the early nineteenth century with the establishment of the Bank of Calcutta in 1806, later rebranded as the Bank of Bengal in 1809.
This marked the beginning of the first joint-stock bank of British India, sponsored by the Government of Bengal. Subsequently, the Bank of Bombay and the Bank of Madras were established, forming the State Bank of India.
In addition to its banking services, it operates the SBI Foundation, a philanthropic arm dedicated to supporting development initiatives in India. The foundation aligns with corporate social responsibility mandates the Ministry of Corporate Affairs set. It is pivotal in driving positive change and fostering sustainable development nationwide.
Life Insurance Corporation of India (LIC) – Top Indian Companies by Market Valuation
Life Insurance Corporation of India (LIC) is a trustworthy and reliable organization serving over 250 million lives as part of its extended family. LIC has been providing its services for over six decades and understands its profound responsibility.
It recognizes the immense value of each life it touches. While insurance is its core business, LIC views its role as fostering trust and security in the lives of millions.
LIC is headquartered in Mumbai and is the largest insurance company in India and the largest institutional investor. It manages assets worth ₹49.24 trillion (US$620 billion) as of March 2023.
LIC is a public sector enterprise owned by the government of India. The Ministry of Finance administers it. It is committed to upholding the highest standards of service and integrity.
Apart from its core operations, Life Insurance Corporation (LIC) is committed to social responsibility. It demonstrates this through initiatives like the LIC Golden Jubilee Foundation. This charitable organisation was established in 2006 and is dedicated to promoting education, alleviating poverty, and improving living conditions for the underprivileged.
One of its notable programs is the Golden Jubilee Scholarship Award, which supports meritorious students from economically disadvantaged backgrounds in pursuing higher education.
Infosys – Top Indian Companies by Market Valuation
Infosys, a global leader in next-generation digital services and consulting, is driven by a profound purpose: to amplify human potential and create the next opportunity for people, businesses, and communities.
With a presence spanning more than 56 countries, Infosys empowers clients to navigate their digital transformation journey effectively. Drawing on over four decades of experience in managing the systems and operations of global enterprises, Infosys adeptly guides clients through their digital evolution, leveraging the power of cloud computing and artificial intelligence (AI).
By infusing an AI-first approach into the core of operations, facilitating agile digital solutions at scale, and fostering a culture of continuous learning, Infosys enables clients to achieve sustained growth and innovation.
The company is deeply committed to upholding good governance and environmental sustainability principles, fostering an inclusive workplace where diverse talent thrives.
As an Innovation and Knowledge Hub, Infosys spearheads initiatives like the Infosys Knowledge Institute, offering thought leadership to steer enterprises through their digital transformation journey.
Additionally, Infosys invests in entrepreneurial ventures globally through its Innovation Fund, established in 2015, and collaborates with startups worldwide through the Infosys Innovation Network, facilitating partnerships for client implementation.
Through these initiatives, Infosys remains at the forefront of driving digital innovation, knowledge dissemination, and sustainable growth, shaping a future where businesses and communities thrive in the digital age.
ITC
Founder
William M. Jacks
Founded
1910
Sector
Conglomerate
ITC – Top Indian Companies by Market Valuation
ITC, a leading Indian conglomerate, operates across diverse sectors, including fast-moving consumer goods, hotels, paperboards and packaging, agribusiness, and information technology. Recognised as India’s most admired company in a survey conducted by Fortune India in collaboration with Hay Group, ITC’s success is driven by its multifaceted approach to business.
As a leader in FMCG marketing and the Indian Paperboard and Packaging industry, ITC has established itself as a pioneer in farmer empowerment and responsible luxury hospitality. The company’s subsidiary, ITC Infotech, offers specialized digital solutions globally.
Over the years, ITC has developed a robust portfolio of 25+ Indian brands, leveraging its institutional strengths in consumer insights, R&D, and brand-building.
Embracing the ethos of ‘Nation First: Sab Saath Badhein’, ITC prioritizes societal value alongside profitability, leading in sustainability efforts and solid waste management through initiatives like the Well-being Out of Waste program.
Collaborating with farmers and local communities, ITC implements climate-smart and sustainable agriculture initiatives, aligning with the vision of doubling farmer incomes. In line with the “Make in India” initiative, ITC also invests in world-class manufacturing facilities and hospitality assets, reaffirming its commitment to India’s future development and competitive capacity.
Hindustan Unilever (HUL)
Founder
Hindustan Vanaspati Manufacturing Co., Lever Brothers India Limited and United Traders Limited
Founded
1933
Sector
Consumer Goods
Hindustan Unilever Limited (HUL) – Top Indian Companies by Market Valuation
Hindustan Unilever Limited (HUL), a British-owned Indian final goods company headquartered in Mumbai, is a subsidiary of Unilever. Established in 1931 as Hindustan Vanaspati Manufacturing Co., it was renamed Hindustan Lever Limited in 1956 and later became Hindustan Unilever Limited in 2007.
With a 90-year heritage in India, HUL is the country’s largest Fast Moving Consumer Goods (FMCG) company, offering over 50 brands across 16 categories.
As part of Unilever, a global leader in FMCG products, HUL benefits from extensive resources and expertise. It operates in over 190 countries and is known for its commitment to environmental, social, and governance principles.
HUL’s reputation extends beyond its products; it is India’s top ESG-rated FMCG company and the preferred employer across sectors. In a rapidly evolving world emphasizing digitization and sustainability, HUL remains dedicated to its purpose-led journey, ensuring it continues to meet the needs of consumers while fostering a sustainable future.
India’s vibrant corporate landscape in 2024 reflects a remarkable fusion of innovation, sustainability, and societal impact across diverse sectors. The top 10 companies by market valuation include names like ITC, Reliance Industries, HUL, Infosys, TCS, HDFC Bank, ICICI Bank, Bharti Airtel, SBI, LIC India.
Collectively, these companies not only drive India’s economic growth but also shape its social fabric through impactful initiatives that empower communities and foster sustainable development.
As India continues on its trajectory of progress, these companies serve as beacons of excellence, driving innovation, and contributing to a brighter future for all stakeholders.
FAQs
Which is the largest private company in India?
Reliance Industries is considered the largest private company in India.
Is Tata bigger than Reliance?
If we talk in terms of market valuation and revenue, Reliance is considered to be bigger than Tata. However, both have a wide range of businesses and are in a headstrong competition.
What is the richest company in the world in 2024?
Microsoft is considered as the richest company in the world for the year 2024 based on its market cap of $2992 billion. It is closely followed by Apple and Nvidia corporation.
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Airtel.
Airtel is a name that unites large numbers of people in India with billions of people all over the world. This telecom giant is currently one of the most reputable brands in the industry. Nothing short of remarkable can be said about the company’s journey from being a modest regional operator restricted to the city of Delhi to sclaing to become the second biggest mobile provider in the Asia Pacific region.
The second-largest service provider in India, Airtel, said that the organisation has emerged “quite firmly” from the five-year tornado and is now highly solid, adding that it is under tremendous circumstances that an organization’s real institutions and character are tested.
According to Sunil Mittal, Airtel’s chairman, telecom is among the most “professionalised” businesses in the nation and its solid organisational framework has helped the company weather wave after wave of adversity. He said that best-in-class personnel handle Airtel, which makes Airtel what it is today.
An international provider of telecom services with headquarters in New Delhi is Bharti Airtel Limited, popularly known as Airtel.
Know more about Airtel, its company history, the founder of Airtel, its business model, investments, etc., by reading this article further.
Bharti Airtel Ltd. does business in the provision of direct-to-home solutions, communications systems and services, and passive infrastructure services, The following business segments make up how the firm conducts its operations:
Mobile services for Africa, India, and South Asia, as well as for Airtel Business, Tower Infrastructure Services, and Digital TV Services. The segment for mobile services in India and South Asia includes voice and data telecom services delivered through wireless technologies in those regions. The distribution of data and voice telecommunication solutions to customers in the African continent is covered under the Mobile Services Africa section.
The voice and data communications based on fixed-network and broadband technologies are covered by the Telemedia Services category.
The sector for digital broadcasting services offered over the direct-to-home network is called “Digital TV Services.” By acting as a single point of contact for all communications requirements spanning data and voice, network integration, and managed services, the Airtel Business sector encompasses end-to-end telecom solutions being delivered to big Indian and international organisations.
Installing, running, and maintaining wireless communication towers in India are all included in the category called Tower Infrastructure Services.
Mobile commerce services are included in the other’s section, along with administrative and support services.
Information may be transmitted using a variety of methods through the wire, radio, optical, or other electromagnetic systems. This is known as telecommunication. As a result, slower systems (like postal mail) are not included in the field. It has its roots in humans’ need for communication at a distance greater than what is possible with the human voice, but with a similar level of expediency.
The volume of the worldwide telecom services industry, which was estimated at USD 1,657.7 billion in 2021, is anticipated to rise at a CAGR of 5.4% from 2022 to 2028. One of the main drivers propelling this business is the increase in expenditure on the installation of 5G infrastructures as a result of the shift in consumer preference toward smartphone devices and next-generation technology.
Other possible drivers of market expansion include an increase in mobile subscribers, skyrocketing high-speed data connectivity demand, and increased demand for value-added managed services.
Unquestionably, one of the main areas for ongoing technical developments over the past few decades has been the worldwide communication network.
Airtel – Name, Logo, and Tagline
Company Logo of Airtel
Airtel’s full name is Bharti Airtel.
Bharti Tele-Ventures Ltd, the original name of Bharti Airtel Ltd, was formed in 1995. Bharti Telecom Ltd., an Indian firm that was formed, pushed the business.
The company claims that its distinctive symbol is an interpretation of the letter “a” from its name Airtel. It is warm and inviting, almost like a living thing, thanks to its curved shape and the soft accents on the red colour. It stands for an unstoppable dynamic force of energy that strengthens our relationship with our clients.
Bharti Enterprises, which includes holdings in telecom, retail, real estate, financial services, agri-products, and renewable energy, was founded and is led by Sunil Bharti Mittal. With more than 300 million users in South Asia and Africa, Bharti Airtel, the group’s core business, ranks third among all telecom providers globally.
Presently, Sunil serves as the International Chamber of Commerce’s First Vice-Chairman (ICC). He also sits on the International Telecommunication Union (ITU) Telecom Board, the Broadband Commission, the Prime Minister of Singapore’s Research, Innovation, and Enterprise Council, the Prime Minister of India’s Council on Trade and Industry, and the Chairman of the Telecom Steering Committee of the World Economic Forum (WEF).
He is a member of the India-US, India-UK, and India-Japan CEO Forums and serves as co-chair of the India-Africa Business Council and the India-Sri Lanka CEO Forum. He formerly held the position of President of India’s leading business association, the Confederation of Indian Industry.
One of India’s highest civilian honours, the Padma Bhushan, was given to Sunil. Sunil, a graduate of Harvard Business School, serves on the Governing Board of the Indian School of Business, the Board of Dean’s Advisors of Harvard Business School, and the Global Advisory Council of Harvard University. He is on the board of directors of the Qatar Foundation Endowment and the Carnegie Endowment for International Peace, respectively.
Airtel – Startup Story
Bharti Telecom Limited, which had its humble origins in the Indian telecom sector in 1986, is where Airtel got its start. When most of India was still using rotary phones in 1986, Sunil Bharti Mittal’s firm was the first to sell push-button phones in that nation. In their first joint venture, Siemens AG of Germany, they switched from importing push-button landlines from Taiwan to manufacturing them in India.
To replace the outdated, clumsy telephones that were in use at the time, Sunil Mittal began making push-button phones in India in 1984. Previously, he had imported them from a Singaporean business, Singtel.
To produce electronic push-button phones, Bharti Telecom Limited (BTL) was established and a technological partnership with Siemens AG of Germany was established. Bharti began producing fax machines, cordless phones, and other telecom equipment in the early 1990s. He gave the name “Mitbrau” to his first push-button phone.
He acquired one of the four licences for mobile phone networks that were available for auction in India in 1992. With the French telecom company Vivendi, Mittal successfully closed a transaction. He was one of the first business people in India to see the mobile telecom industry as a key growth sector.
When Bharti Cellular Limited was established to provide cellular services under the brand name Airtel, his plans were ultimately authorised by the government in 1994, and he debuted services in Delhi in 1995.
Bharti was the first telecom provider to surpass the 2 million mobile subscriber threshold in a short period. Under the brand name “India one,” Bharti has reduced the STD cellular charges in India.
Later, with innovation at its core, the business introduced several telecom technologies to the Indian market. Bharti Telecom Limited established the foundation for the business’ mobile activities in 1992 by acquiring a licence to construct a cellular network in Delhi.
As Bharti Tele-Ventures, it started operating in Delhi in 1995. Through different collaborations and acquisitions, the service was expanded to several additional states.
Airtel’s vision statement says, “Our vision is to enrich the lives of our customers. Our obsession is to win customers for life through an exceptional experience. “
Airtel’s mission statement says, “Hunger to win customers for life.”
Airtel – Business Model
The two primary areas of concentration for Airtel are company growth or expansion and client acquisition and servicing (retention). Their mission and vision clearly express that their ultimate objective is to become a telecom service that is appreciated across the world, with a primary focus on customer pleasure and the provision of cutting-edge services that are frequently more affordable than traditional offerings.
Technology, network administration, backend programs, and other services are among the numerous tasks that are outsourced. Airtel was the first to use this business model, and it serves as an example for many new players.
Apart from their advertising, marketing, and substantial funding, Airtel believes in contracting everything else and follows the “minutes factory” strategy of low price and high quantity.
As the innovator of such a strategy, Airtel is well known for motivating tens of thousands of other businesses and entrepreneurs. In addition to Ericsson, Huawei, and Nokia Networks providing and maintaining Airtel’s equipment, Amdocs, a US-based company, offers Airtel the IT help the company needs.
In addition to a B2B model registered under Airtel Business that supports entrepreneurs and SMEs, it also employs a B2C strategy to generate revenue from its clients. Airtel differentiates itself apart because of its distinctive business strategy, which tries to offer clients the greatest services at reasonable pricing.
It is important to keep in mind that Airtel is not one of the businesses that have seen rapid expansion, but rather one that has established itself as the industry leader by innovating and deserving of that position.
Further easing its path was the fact that it is one of the few telecom service providers to have understood the significance of value-added services (VAS) from the beginning.
Airtel – Growth
Airtel is not a startup that is unknown to growth. Being one of the market leaders, commanding the telecommunications industry of India, Airtel has seen a world of growth since it was founded back in 1995.
Some of the major growth highlights of Airtel at a glance are:
Airtel is recognised as the 2nd largest mobile network operator in India and the 2nd largest in the world as well.
Airtel operates in 18+ countries across South Asia and Africa, and in the Channel Islands.
The company was chosen as the 2nd most valuable brand from India in the first-ever Brandz ranking
Airtel pioneered outsourcing all of its business operations as a business strategy. Yes, it outsources all of the operations except marketing, sales and finance
Airtel is credited for building the ‘minutes factory’ model of low cost and high volumes
Airtel 5G Services
Airtel has declared that it will be launching its 5G services later this month, as per reports dated August 10, 2022. The company CEO and MD, Gopal Vittal stated that the company will “extend to a pan-India rollout very soon” after starting the 5G services. These services will be further extended to 5000+ Indian towns and the key rural areas of the country by 2024. This will make it the biggest rollout in history.
Airtel – Joint Ventures
Airtel-Vodafone
Following the signing of a contract with Vodafone, Jersey Airtel, and Guernsey Airtel, two wholly-owned companies of the Bharti Group, announced on May 1 that they will begin offering mobile services in the British Crown Dependency islands of Jersey and Guernsey under the name Airtel-Vodafone. In Jersey and Guernsey, a 3G network is run by Airtel-Vodafone.
Airtel-Ericsson
Airtel’s mobile networks throughout Africa were managed and optimised by Ericsson under a five-year contract that Bharti and Ericsson inked in July 2011. With the most recent technologies, including its multi-standard RBS 6000 base station, Ericsson modernised and improved Airtel’s mobile networks throughout Africa.
Ericsson also offered technology consultancy, network planning & design, and network implementation as part of the modernisation. In Asian operations, Ericsson has served as the managed services and network technology partner.
Airtel – Sponsorships
Airtel and Manchester United struck a significant agreement on May 9, 2009. As a consequence of the agreement, Airtel was granted the right to broadcast the team’s games to its subscribers.
The Champions League Twenty20 cricket competition will now be sponsored by Bharti Airtel thanks to a five-year agreement they made with ESPN Star Sports.
Additionally, Airtel agreed to serve as the Indian Grand Prix’s headline sponsor.
The FIA GT World Cup for 2018–21 is sponsored by Airtel.
To serve as the I-title League’s sponsor for the 2013–14 season, Airtel inked a contract.
Since 2006, Airtel has been the primary sponsor of the Vijay TV shows Airtel Super Singer and Airtel Super Singer Junior.
Airtel – Funding, and Investors
Airtel has raised over $4.4 bn in over 7 funding rounds that the company has seen to date. The last funding round was led by Google, a part of which was completed on July 1, 2022, and allotment of shares part of the deal was completed on July 14, 2022. It was earmarked that Google would be picking up a minority stake of 1.28% then, from the telecom service provider. This deal was made after 5 months since it was proposed. It was on July 14th, 2022, that the telecom giant approved the allotment of more than 71.17 crore shares to the tech behemoth, Google, at an issue price of Rs 734 per equity share, which includes a premium of Rs 729.
It was at a meeting of the ‘Special Committee of Directors for Preferential Allotment’ that this decision of the allotment of shares was taken. After this, now the stakes of Google in Airtel stand at 1.20% of the total post-equity shares or 1.17% of the telecom company on a fully-diluted basis.
Date
Round
Amount
lead Investors
July 14, 2022
Post-IPO Equity
$700M
Google
Jan 28, 2022
Corporate Round
$300M
Google
Feb 25, 2021
Post-IPO Debt
$1.3B
–
Oct 9, 2019
Post-IPO Debt
$750M
–
Feb 5, 2018
Post-IPO Equity
₹26.5B
Singtel
Dec 13, 2017
Post-IPO Equity
$350M
Warburg Pincus
Aug 22, 2016
Post-IPO Equity
$659M
–
Airtel – Investments
Airtel has made 15 investments to date. The last Airtel investment was in Avaada Energy, where the company invested close to $1 mn on March 10, 2022. Here are the details of the recent Airtel investments:
Date
Organization Name
Round
Amount
Mar 10, 2022
Avaada Energy
Corporate Round
$986.20K
Feb 25, 2022
Indus Towers
Post-IPO Secondary
$299.09 mn
Jan 31, 2022
Lavelle Networks
Corporate Round
–
Dec 18, 2021
Vahan
Corporate Round
–
Sep 15, 2021
Vahan
Series A
$7.38 mn
Nov 21, 2020
Avaada MHBuldhana
Private Equity Round
$569.34K
Sep 23, 2020
Waybeo
Corporate Round
–
Jun 17, 2020
Lattu kids
Corporate Round
–
Jun 9, 2020
Robi Axiata
Corporate Round
–
Oct 25, 2019
Vahan
Seed Round
–
Airtel – Acquisitions
Quikmile was the last acquisition of Airtel that happened on November 26, 2019. There are a total of 7 acquisitions made by Airtel to date.
Acquiree Name
About Acquiree
Date
Amount
Quikmile
Integrated SaaS product for logistics.
Nov 26, 2019
–
AuthMe Id Services
AuthMe Id Services develops and offers artificial intelligence (AI) solutions to resolve customer complaints and queries.
Oct 3, 2018
–
Telenor India
Telenor, an Indian mobile network operator.
Aug 3, 2017
–
Tikona- 4G
Tikona 4G Home Broadband is faster than fast, one can stream a video.
Mar 24, 2017
₹1.6B
Telenor (India) Communications Pvt. Ltd.
Telenor (India) Communications Pvt. Ltd. is a mobile network operator company.
Feb 23, 2017
–
MENA Submarine Cable Systems
MENA Submarine Cable Systems is a carrier neutral cable operator.
Dec 22, 2016
$100M
Augere
Augere is a wireless broadband business founded in 2007.
Dec 31, 2015
–
Airtel – Competitors
Top competitors in the competitive list of Airtel are:
Vodafone (Europe, Africa, India, Australia, New Zealand)
Verizon Wireless (USA)
AT&T Mobility
Dialog Axiata Mobile Services
Tigo
TELUS Mobility
TIM
Grameenphone
Airtel – Challenges Faced
A code employed by the business was allegedly responsible for violating users’ privacy in June 2015.
Even though India’s global telecom sector is one of the fastest-growing in the world, the Indian telecom market is overheated with 14 contenders and overcapacity.
Additionally, the metro and other major cities have at least a 100% penetration rate, while rural India, which accounts for more than 60% of new subscribers, only has a 20% penetration rate.
Rural super-stockists and Rural Distributors were included in the two-tiered structure that Airtel planned to construct. Young business owners assigned regions around a few cell towers, and the rural distributors were in charge of bringing in new clients.
Consumers had a dread of technology, which added to the difficulties presented by distance in terms of service expectations. They refused to work with call centres. In rural India, Airtel established 25,000 Service Centers.
In order to address service requests in addition to selling new connections and recharges, a specialised retailer in the village was trained. The retailer got more trust, which improved walk-in business, while Airtel offered in-person support contacts. Each circle has a hotline or call centre that offered this real-time backup support.
Received concerns from consumers that their accounts were being established without their authorization, the Unique Identification Authority of India (UIDAI) suspended Bharti Airtel and Airtel Payments Bank Limited’s licence for eKYC of Aadhar on December 16, 2017. In certain cases, LPG subsidies were even deposited into Airtel Payments Bank accounts.
Airtel – Future Plans
In order to meet the demands of India’s rapidly expanding digital economy, Bharti Airtel Limited (“Airtel”) launched a redesigned brand identity for its data centre business under the name “Nxtra by Airtel” and detailed investment plans. The largest network of data centres in India belongs to Nxtra by Airtel.
Currently, it administers crucial submarine landing sites and runs 10 big and 120 edge data centres spread strategically across India. It provides a safe and scalable integrated solution to global hyperscalers, major Indian corporations, startups, SMEs, and governments when combined with Airtel’s global network.
With the advent of 5G, a rapidly expanding digital economy, businesses moving to the cloud, and regional data storage laws, India is seeing a significant need for dependable data centre solutions. By 2023, the installed capacity of the Indian data centre market is anticipated to more than double, rising from around 450 MW to 1074 MW.
In order to further expand its network of hyperscale and edge data centres, which is already the best in the business, Nxtra by Airtel expects to invest Rs 5,000 crores by 2025. New data centre parks will be added in significant metro areas. To address the soaring demand and solidify its network leadership, the investment would increase Nxtra by Airtel’s installed capacity to over 400 MW.
Ajay Chitkara, Director and CEO, Airtel Business said “Airtel has built the largest data centre network in India and we are now doubling down on this business to scale up our network that will be at the core of 5G and Digital India. Our experience of operating secure data centres, deep brand trust in the enterprise segment and the ability to deliver end-to-end digital transformation solutions positions us well to serve the emerging requirements of India’s connected economy. The new brand identity embodies this vision and ambition.”
Given the enormous energy demands of data centres, sustainability will continue to be a top priority. As part of Airtel’s overall GHG emission reduction ambitions, Nxtra by Airtel is already aggressively increasing the usage of green energy for its data centres and seeks to source 50% of the power requirements of these centres from renewable sources.
Additionally, captive solar power plants owned by Nxtra by Airtel were recently put online in the states of Uttar Pradesh and Maharashtra, with more on the way.
As India’s top ICT service provider, Airtel Business, the B2B division of Airtel, offers a wide range of products and services in a variety of fields, including voice, data, collaboration, work-from-home solutions, cloud, data centres, cybersecurity, Internet of Things, network integration, managed services, enterprise mobility, and digital media.
Airtel Payments Bank is a digital banking initiative from Airtel, which led the reputed telecommunications service provider to roll out a digital bank on January 12, 2017. The Airtel Payments Bank is currently billed as India’s first true digital bank and the largest bank for the underbanked.
Bharti Airtel is a public limited company commonly known as Airtel. It is an Indian telecom company, which is currently operating its business across South Asia, Africa, and the Channel Islands. It provides GSM in all the countries including 2G and 3G services. Due to its operations in more than 18 countries, Airtel is currently known as the 3rd largest mobile network operator across the globe with over a billion users and the 2nd largest mobile network operator in India.
Bharti Airtel’s Indian Customer Base, as of March 31, 2020, looked like this –
283.7 million Mobile Services
2.4 million homes
16.6 million Digital TV Services
Along with being one of India’s largest integrated telecom providers in India, Airtel is also famously ranked by Millward Brown and WPP plc in the first-ever Brandz ranking as the most valuable brand. At the end of September 2020, Airtel had around 440 Mn customers across its operations. It was known as the 3rd largest cellular service provider in India after beating China Unicomwith 303 million subscribers, when reported back in August 2015.
Along with the telephony network that Airtel provides, where the company offers prepaid and postpaid networks, it also offers broadband and DTH services for its customers. It also acts as a carrier for national and international long distances communication services. The company has a submarine cable landing station in Chennai which connects the submarine cable between Chennai and Singapore. One of the other services provided by Airtel is the Airtel Money (commerce platform in collaboration with Infosys).
Airtel is also hailed as the first Telco to launch Multiplex in Metaverse, a milestone it achieved when it unveiled Metaverse multiplex on the PartyNite Metaverse platform, which is the first Metaverse multiplex in India.
On this note, let’s look at this StartupTalky Bharti Airtel company profile, which brings the Airtel case study, competitions, Bharti Airtel subsidiaries, products, Airtel employees, Airtel telecom founded in, Airtel net worth, hiring culture, policies, Airtel’s history, Airtel’s customer base, achievements, and more.
The name “Airtel” is something that is not only popular in India but has been a buzzword since the company was founded back in 1995. Headquartered in New Delhi, India, Bharti Airtel is a multinational telecommunication company with roots in the Indian subcontinent, which currently serves users of over 18 countries. The telecom giant has provided 2G, 3G, 4G+ and 4G LTE networks, fixed-line broadband connections, and voice services, which are based on the country of operation. Besides, it has also launched the Volte service.
The Bharti Airtel company outsources all of its business operations except marketing, sales, and finance and is often credited with being the pioneer of such a business model. Besides, many of today’s telecom service providers also look up to Airtel for the same, which are now working on similar business models. Besides, Airtel is also hailed as the pioneer of the minutes’ factory model of low-cost and high volumes. The equipment that Airtel uses are provided for and maintained by companies like Ericsson, Huawei, and Nokia Networks. On the other hand, its IT support is provided by Amdocs.
A Brief History of Bharti Airtel
The Airtel founder, Sunil Mittal had primarily set up his business Bharti Overseas Trading Company in 1980, which was an import enterprise where he dealt with generators and more. Then he saw a push-button phone in Taiwan in 1984, seeing that he eventually started to assemble similar phones. Focusing on the same, he founded Bharti Telecom Limited in the early 1990s. Though he started with manufacturing fax machines, cordless phones, and other telecom gear, he soon discovered that the Indian government was inviting bids for mobile telephony in 1992, and Sunil was successful in bidding for one of the four mobile phone network licensed auctioned.
He later went for collaborating with the French telecom group Vivendi, which eventually agreed to do business with him in spite of Mr Mittal being a small timer at that time. This led him to launch his cellular services in Delhi in 1995. Thus, Bharti Cellular Limited was formed to offer cellular services under the brand name AirTel. In 1996, cellular service extended to Himachal Pradesh. In 1999, the Bharti Enterprise went on to acquire control of JT holdings and extended cellular operations to Karnataka and Andhra Pradesh. Then, in 2000, Bharti acquired control over Skycell communications in Chennai.
In 2001, the company acquired control of the Spice cell in Kolkata. Next, the company got listed on the Bombay Stock Exchange and National Stock Exchange. In 2003, all the cellular phone operations of the company were summed up under the single brand of Airtel. Airtel then acquired control over Hexcom and entered Rajasthan in 2005. It then extended its network all across India in 2005 and launched its first international mobile network in Sri Lanka.
It was under the direction of the company’s Founder, Mr Sunil Bharti Mittal that the company became very successful and within a few years, AirTel turned into the first telecom company to cross the 2-million mobile subscriber mark.
On 13th February 2008, Bharti Airtel Limited, the leading telecommunication company in India, crossed the 60 million customer mark. The wireless segment constituted 96% of BAL total customer base. The valuation of BAL then stood at $40 billion in 2008. BA was the fastest in the world and added 8 million customers in 2008. This puts Bharti Airtel among the top telecom companies in the world. Its next target was to reach 100 million mark by 2010. This was also crossed by the company. Airtel is currently standing with a subscriber base of around 354.40 million subscribers in 2021.
Airtel’s actual name was Bharti Cellular Limited (BCL), the company which later began to offer cellular services under the brand name AirTel.
“AISI AZADI AUR KAHAN” is one of the prominent taglines adopted by Airtel.
Airtel logo
Bharti Airtel – Mission and Vision
“Hunger to win customers for life” is the mission of Airtel.
“Our vision is to enrich the lives of our customers. Our obsession is to win customers for life through an exceptional experience.” – says the Vision statement of the brand.
Bharti Airtel as The Market Champion
Airtel strives to align its HR strategies with its corporate strategy. The HR team makes sure to see if the organization teams have the same attitude that would help employees realize the vision of the company. The company emphasizes recruiting young people with an average age of 26 years. This is done because the company wants to bring in young entrants and would them as per the business organization and at the same time, enhance their interaction and creativity.
Senior management was advised by the HR management as they are encouraged to put forward their views openly in order, to play a more proactive role in team-building efforts. This was further augmented by a reward and recognition system along with a strong training program. As a part of the planning process, the entire organization is measured on five performance parameters, which includes its financial performance, profitability, market share, customer satisfaction, and employee satisfaction.
Bharti Airtel – Growth
Bharti Airtel has grown hugely throughout the years in the telecommunication sector. The company is currently spread across 18+ different countries including those in South Asia, Africa, and the Channel Islands. Building a big name for itself, Airtel is currently known as the second-largest mobile network in India along with being the second-largest mobile network in the world.
Along with offering an efficient mobile network, Airtel also brings a wide array of products and services to its customers:
Broadband
Digital television
Banking
Business
Android-based tablet
Airtel unveiled on June 14, 2022, it’s first, which is, in fact, India’s first Metaverse platform on the PartyNite Metaverse platform. Xstream multiplex, which Airtel launched, is designed as a 20-screen platform and will be an extension of Airtel’s Xstream Premium offering. Such a platform will leverage the content library of Airtel and will offer many more layers of engagement, thereby allowing the users to interact on the PartyNite Metaverse. This new Airtel multiplex will offer a sampling of the original shows and movies in many other languages along with those in English and Hindi.
Airtel and Jio, it seems, are quite locked together to gain market share in India. According to the TRAI data for April 2022, Jio held a 35.5% market share in the wireless telecom market of the country whereas Airtel was positioned at the second spot with a market share that equalled 31.61%.
Google has picked up a minor and non-controlling 1.28% stake in Airtel for $700 mn, as per the reports dated July 1, 2022. The deal comes after around 5 months since it was proposed. This deal is part of the larger Google For India Digitisation Fund, which the CEO of Google, Sundar Pichai, announced in July 2020. The tech behemoth also said then that it would keep an additional $300 mn worth of funds for potential multi-year commercial agreements with Airtel. This investment in Bharti Airtel marks the second Google investment in India. The first was when Google invested $4.5 bn in Jio in 2020, picking up a 7.73% stake in the company. This investment from Google will help both Airtel and Google to ramp up the telco’s enterprise cloud solutions, which are being operated currently with Amazon. The deal would also help both parties to work unitedly to create an array of affordable Android devices in partnership with the device manufacturers. Moreover, the deal would also help them develop 5G use cases specific to India and create multiple network solutions. The shares of Airtel were allocated on July 14, 2022, when Bharti Airtel approved the allotment of more than 71.17 crore shares to Google at an issue price of Rs 734, which includes a premium of Rs 729 per equity share. In the conclusion of this, Google’s stakes in Airtel stand at 1.20% of the total post-equity shares or 1.17% of the telecom company on a fully-diluted basis.
Airtel Financials and Revenues
The average revenue per user of Airtel rose to Rs 178 crore in the January-March quarter of 2022. This rise was mainly due to the strong user additions, higher tariffs, and one-time gains. The consolidated net profits of Airtel increased by 164% to become Rs 2008 crore in FY22.
Bharti Airtel- Service Rule and Regulation of Employees
In Airtel, you are an at-will employee, this means you are working at your own will without any force or pressure before you join the company. You must sign terms and condition agreement that will state the corporate governance of the company which is:
Employees must report to their superiors and maintain disciplinary work.
All employees will be paid monthly by cheque procedure.
In case of leave, employees must draft a detailed application mentioning the reason for leave.
A lunch break of 1 Hour will be provided.
Bharti Airtel- Promotion Policy and Wage Structure
AirTel engages a policy under which an employee gets his/her due promotion in the organization, which is a reward for an excellent performance. Under the rules that govern the promotion, AirTel states that the employee must have successfully completed 6 months to be eligible for promotion in Airtel. The internal application process is carried out and all the previous records are checked and the performance is analyzed.
The internal relationship between different jobs and wages helps the firm to decide its wage structure. 60% of its employees have a variable pay structure where they get paid according to the work done. The company considers factors such as performance and maintains internal equity to ensure people at the same level are paid for the same amount of work.
The success story of Bharti Airtel
Bharti Airtel – Training and Development of Employees
Airtel has a vast pool of human resources that are upgraded from time to time in terms of leadership and technical skills through various outsourced and in-house training and development activities such as process and project management skills and technical skills. By providing world-class resources and combined efforts by Airtel many employees are being trained to become future leaders. The company’s HR is continuously working on launching various initiatives like on-job training, programmed learning, simulated development, and computed-based training.
The on-job training is where a person learns a job actually doing it. Every employee from the mailroom, from a clerk to the CEO, gets job training when they join the company. Informal learning is used as 80% of the employees learn on the job they learn not through informal training, including performing their jobs on a daily basis in collaboration with their colleagues.
The company provides a job instruction training program that takes place every month in Airtel in which a logical sequence of steps is taught step by step. On a quarterly basis programmed learning is followed by Airtel in which self-learning methods consist of Presenting questions, facts, or problems to the learner and allowing the person to respond.
Application – In Airtel existing openings are monitored and accordingly position procedures are being carried out matching candidates’ profiles and areas of interest.
Screening – Matching of the profile is done by the company with respect to its requirements and needs.
Assessment – An aptitude test is required for the job of the front line sales. For considering the middle and senior-level job occupational personality questionnaire was done.
Interview– Airtel takes 1 to 3 rounds for the interview process. Then the final appointment letter is being offered with the company’s terms & conditions memo, which every employee must sign.
Airtel has an incentive pay scheme managers often use two terms synonymously incentive plan for the employees that are applicable to sales over the target achieved. Merit pay as incentives is generally done by the company for excellent performance by the employee in the last term of his/her employment. The other non-monetary incentives include Employee recognition, Gifts, Special events, merchandise incentives, and free training programs.
When it comes to the benefits, they are indirect financial and non-financial payments employees receive for continuing their employment. They include things like health and life insurance pensions, time off with pay, and child care assistance. The company also provides Life and Health insurance for families and dependents. Different types of leaves like study leave, extraordinary leave, petrol allowance, and family holidays.
Along with helping the employees on many different fronts, Airtel also cares for others as well, especially the startups of today.
Airtel Launches Startup Accelerator Program to Support Startups
Bharti Airtel (“Airtel”), India’s largest integrated telecommunications company, announced the launch of its Startup Accelerator Program on October 25, 2019, to support the growth of early-stage Indian tech startups. With the advent of its Start-up Accelerator Program, Airtel aims to support the creation of a vibrant startup ecosystem that contributes to “Digital India”.
Through Airtel’s Startup Accelerator, early startups get access to Airtel’s online and offline distribution network, deep market understanding, and ecosystem of global strategic partners. In addition, Airtel has also developed strong in-house capabilities around machine learning and artificial intelligence, which could be leveraged to aid the growth of startups. Furthermore, startups also get access to advisory services from Airtel’s executive team.
Vahan was the first to join Airtel Startup Accelerator. Airtel announced the induction of Bengaluru-based tech startup Vahan into its Startup Accelerator Program. Airtel will acquire a stake in Vahan and partner with them in building a significant scale to achieve their vision of enabling jobs for the next billion internet users. Founded in 2016 and backed by Y Combinator and Khosla Ventures, Vahan leverages advanced Artificial Intelligence to match job seekers with employers inside messaging apps such as Whatsapp. It is focused on finding blue collar jobs for millions of young Indians in Delivery, Driving, Retail, BFSI, BPO and Hospitality sectors with companies such as Zomato, Swiggy and Dunzo as clients.
Today, early stage startups in India have some very exciting ideas but face multiple challenges in scaling up. With Airtel’s scale and digital capabilities around distribution and payments, we have the potential to drive accelerated growth of emerging startups that are solving hard problems. The team at Vahan is doing some incredible work to bring jobs to millions of people through AI based technology. We are excited to partner with them on this vision.
Madhav Krishna, Founder and Chief Executive Officer, Vahan, said: “
Airtel will be a key partner for us as we look to solve a hard problem for Bharat. Most blue-collar job seekers are unaware of the opportunities that exist in the market, especially new-age on-demand jobs. Airtel’s distribution channels will help us reach the very depths of the country and in turn, help millions of Indians take control of their economic destiny. We are incredibly excited about this partnership.
Bharti Airtel – Partnerships
Bharti Airtel has seen a considerable number of partnerships and collaborations to date. Some of them are mentioned below:
Bharti Airtel partnered with Apollo Hospitals and Cisco on April 28, 2022, in order to help in the development of state-of-the-art ambulances that will be equipped with Airtel 5G.
The company partnered with Mavenir for open radio access network-based 5G field trials. The first Open RAN-based 5G NSA validation was done on April 5, 2022.
Airtel and Tech Mahindra partnered together to “build and market innovative solutions for India’s digital economy by bringing together their core strengths”, said an Airtel PR dated March 31, 2022.
A PR rolled out by Airtel on December 14, 2021, stated that the company partnered with Capgemini to announce 5G-based enterprise-grade solutions to the Indian market.
Bharti Airtel and TCS collaborated to build a 5G-based remote working technology using robotics on December 2, 2021.
BlueJeans – Bharti partnered with Verizon to launch BlueJeans, a video conferencing platform like JioMeet. The platform can accommodate 50,000 attendees and is simple and intuitive to use. With the launch of BlueJeans, Airtel and Verizon tend to provide a safer video conferencing experience to the customers. Hans Vestberg, Chief Executive Officer of Verizon, said during a virtual press conference that the data of all the customers will be hosted in India and stored within the data centres all over India. The per-call costs have also been dropped to INR 0.50. It is also having the Airtel Auto Bridge feature, which allows users to benefit from an unlimited calling feature within the National/International range. This new feature also consists of HD video calling with Dolby voice support. It also allows users to schedule, join or host the meets with the one-click feature. With the involvement of ‘Smart Meetings’ feature in BlueJeans it will allow the user to get hold of the important points and assign certain actions to the people. They are also trying to add certain packages for the enterprises in the upcoming days. Vittal said in a statement, “We will have three kinds of packages for our consumers one for large enterprise, the second one for medium, and the third for tiny or small business. We will reveal packages for BlueJeans over the next few days.” The company is also sure that the prices will be competitive. Airtel has been a new entry in the video conferencing sector shortly after the launch of JioMeet by Reliance Jio. Players from the telecom Industry entering the video conferencing sector will be interesting. It is making a great competitive market in this industry. BlueJeans was founded by Krish Ramakrishnan and Alagu Periyannan, in India only. The first prototype was tested back in 2009 and 2012 in Pune at the company’s research and department centre. However, Verizon, in May 2020, tried to acquire it and give it a boost. It will be interesting to see how things go in the upcoming days and brings us interesting content.
Some of the major achievements and milestones earned by Bharti Airtel are listed below –
AirtelThanks App was recognized as one of the most innovative mobile application in the prestigious ET Telecom Awards 2020.
Airtel won four awards in each category of Video Experience, Games Experience, Voice App Experience and Download Speed Experience in the Open Signal Report in September 2020, for the second time in a row.
Airtel Xstream Fiber won the Best Broadband Service Provider in ET Telecom Awards 2020.
Airtel Business won the “Best Partnership” award at Telecoms World Middle East Awards 2019 for partnering with Telecom Egypt.
Airtel Business won 3 prestigious awards at Global Carrier Awards 2019, namely, Best Global Wholesale Carrier – Voice, Best Voice Service Innovation – Emerging Markets and Best Security Solution.
Airtel Finance shared services team has bagged the coveted Digital Initiative Award by HDFC bank in the Large Customer Category.
Airtel Business has been awarded as the “Enterprise Data Service Provider of the Year” and the “Enterprise Telecom Service Provider of the Year” in the large enterprise segment at the Frost and Sullivan ICT Awards
App Annie ranked Wynk Music as India’s #1 music streaming app in terms of Daily Active Users in October 2019.
And the list goes on & on…
Bharti Airtel – Future Plans
Bharti Airtel is currently planning to launch its 5G services in the country. The Union Cabinet earlier gave its nod for the auction of 72 GHz of 5G spectrum, which is planned to be conducted in July 2022.
Recommendations
Bharti Airtel is currently doing incredibly well in recent times it is expected with same quality services and has the prospective to overtake China’s Unicom in a few years making Airtel one of the world leaders when it comes to being a world leader in telecommunication. This is possible because of the company’s expansion in African and Asian countries making it a global company. Airtel also has good relations with its business partners like Ericsson, Siemens, and IBM.
The company has strong HR policies that help in maintaining its corporate governance structure. The profit and assets are also increasing at a considerably good rate, making its turnover cross $643.25 bn. Good customer schemes and support services make Airtel capture a major chunk of the competitive market.
FAQs
What is the difference between Airtel and Bharti Airtel?
Bharti Airtel and Airtel are the same company, a subsidiary of Bharti Enterprises.
