Established in: 2007
Managing Director: Prachur Shah
Indus Tower Limited is a telecommunications company that provides infrastructure services to mobile network operators and other wireless service providers. The company was established in 2007 by Bharti Infratel, which is a subsidiary of Bharti Airtel and is headquartered in Gurugram, Haryana.
Indus Towers Limited launched its IPO and went public in December, 2012, raising around ₹4,155 crore by issuing shares of ₹210-240 per share. The company is now listed on both Indian stock exchanges, BSE and NSE.
History of Indus Towers Limited
Indus Towers Limited was founded in 2007 as a joint venture between Bharti Infratel, Vodafone Essar and Idea Cellular. The company was established to provide shared passive infrastructure to all mobile operators.
Initially, the company had 70,000 towers from the consolidation of the existing assets of its promoters. This made Indus Towers Limited the world’s largest joint venture in the world, outside of China. The company was initially focused on deploying, owning, and managing telecom towers and leasing passive infrastructure to mobile operators.
The company now aims to enter into the international markets via its wholly owned subsidiary, Indus Towers FZE in the UAE. Through this UAE hub, the company has established various step-down subsidiaries in countries such as Nigeria, Uganda and Zambia to expand its operations.
Business Segments of Indus Towers Limited
The following are the business segments of Indus Towers Limited.
- Tower and Space Infrastructure
The company deploys, owns and maintains passive infrastructure such as ground-based and rooftop towers and hybrid poles and leases space and infrastructure to multiple wireless mobile operators.
The company manages the supply of uninterrupted power and energy services to telecom equipment at tower sites. The company develops and deploys green energy solutions such as solar sites and battery optimisation.
The company is deploying NextGen solutions such as smart poles, city public Wi-Fi networks, CCTV cameras, and IoT infrastructure by partnering with municipal corporations.
The company offers a tower operation centre to enable high network uptime along with cloud-based and AI-powered incident managemnet.
Future Plans of Indus Towers Limited
The following are the future plans of Indus Towers Limited.
- Infrastructure Densification
The company is currently focusing on growing and strengthening the passive infrastructure network to fulfil increasing demand. Indus Towers Limited is aiming to increase the tenancy ratio and tower capacity in metro areas, as 4G data consumption and nationwide 5G rollout increase. Indus Tower Limited aims to enhance operational efficiency, increase uptime and reduce operational costs by using digitalisation and process excellence.
Indus Towers Limited is establishing an investment hub within Gujarat’s GIFT City IFSC to fund and manage international operations.
- Renewable Energy & Sustainability
The company aims to reduce its carbon footprint by deploying thousands of new solar-powered sites and target a 8% recuetion in diesel consumption.
The company is deploying new technologies and services to keep its infrastructure future-ready and sustainable. It is integrating AI, machine learning and computer vision into Topwer Operations Centre to optimise predictive maintenance and increase network uptime.
Subsidiaries of Indus Towers Limited
The following are the subsidiaries of Indus Towers Limited.
- Smartx Services Limited
- Indus Towers Nigeria Limited
- Indus Towers Infra Zambia Limited
- Indus Towers Employees' Welfare Trust
Awards Received by Indus Towers Limited
The following are the awards and recognition received by Indus Towers Limited.
- Indus Towers received the Mahatma Award 2024 for CSR Excellence.
- Indus Towers received the Gallup Exceptional Workplace Award for the 12th consecutive year.
- The company won the Innovative Company of the Year Award at the ET Telecom Awards 2025.
- Indus Towers’ Internal Audit & Assurance team received the Institute of Internal Auditors (IIA)’s Nachiketa Award for Critical Thinking.
- The company’s Digital Transformation Van received the Jury Recognition for the Best Community Outreach Program at the ET Telecom Awards 2025.
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 ₹8,552.30 crore in Jun 2026, compared with ₹8,256.20 crore in Mar 2026, representing an increase of 3.59% on a quarter-on-quarter (QoQ) basis.
- Indus Towers reported an operating profit of ₹2,347.40 crore in Jun 2026, compared with ₹2,365.30 crore in Mar 2026, representing a decrease of 0.76% on a quarter-on-quarter (QoQ) basis.
- Indus Towers reported a profit of ₹1,745.80 crore in Jun 2026, compared with ₹1,792.90 crore in Mar 2026, reflecting a decrease of 2.63% on a QoQ basis.
- The earnings per share (EPS) of Indus Towers stood at ₹27.09 during Jun 2026.
Data Source: BSE, Company announcements
Securities shown are illustrative, not recommendations. Past performance does not guarantee future results.
