Indus Towers Limited is a leading telecommunications infrastructure company in India. The company was formed as a combined entity after the merger of Bharti Airtel’s subsidiary Bharti Infratel Limited. Established in 2007, the company provides telecom tower infrastructure and related services to mobile network operators.
Indus Towers Limited was founded as Bharti Infratel Limited in November 2006. The company was set up to build, run and maintain wireless communication towers for telecom operators. In April 2007, the company received the certificate of commencement of business.
The biggest clients of Indus Towers are India's two major telecom operators – Bharti Airtel, Vodafone Idea and Reliance Jio Infocomm.
The company's registered office is located in Gurugram, Haryana.
In January 2008, Bharti Airtel signed an agreement and handed over its towers business to Bharti Infratel.
The company was renamed Indus Towers Limited in December 2020.
Indus Towers Limited’s market capitalisation stood at over ₹59,000 crore as of January 16, 2024. Indus Towers share price has dropped more than 16.5% in the last three years.
Business Operations
Indus Towers plays an important role in supporting the growth of the telecommunications industry. It offers an extensive network of towers across the country. Based on the number of towers and co-location management, Indus Towers is one of the biggest telecom tower providers in India.
The company is primarily engaged in deployment, ownership, management and operation of passive infrastructure related to telecommunications. The company grants wireless telecommunication service providers shared access to its towers through long-term contracts. The company provides its services in different segments like tower; data analytics and automation; power supply to telecom equipment; and space management for housing telecom and power equipment. The company also provides green energy solutions.
Indus Towers owned and operated more than 20 lakh towers with over 3.5 co-locations in 22 telecom circles across India as of September 30, 2023. With operations in all 22 telecom circles covering all states and Union Territories, the company caters to the needs of leading cellular telecommunication service providers.
Indus Towers Financial Highlights
- Revenue: Indus Towers reported revenue of ₹32,970.10 crore in FY26 vs ₹30,468.60 crore in FY25. It showed an increase of 8.21% on a yearly basis.
- Operating Profit: Indus Towers reported an operating profit of ₹9,597.80 crore in FY26 vs ₹13,153.70 crore in FY25. It showed a decrease of 27.03% on a year-on-year basis.
- Net Profit: Indus Towers reported a net profit of ₹7,144.90 crore in FY26 vs ₹9,931.70 crore in FY25. It showed a decrease of 28.06% on a yearly basis.
Indus Towers Quarterly Result Highlights
- Indus Towers reported revenue of ₹8,256.20 crore in Mar 2026, compared with ₹8,300.10 crore in Dec 2025, representing a decrease of 0.53% on a quarter-on-quarter (QoQ) basis.
- Indus Towers reported an operating profit of ₹2,365.30 crore in Mar 2026, compared with ₹2,420.30 crore in Dec 2025, representing a decrease of 2.27% on a quarter-on-quarter (QoQ) basis.
- Indus Towers reported a profit of ₹1,792.90 crore in Mar 2026, compared with ₹1,775.90 crore in Dec 2025, reflecting an increase of 0.96% on a QoQ basis.
- The earnings per share (EPS) of Indus Towers stood at ₹37.31 during Mar 2026.
