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Indus Towers

#1519

Rank

$11.78B

Marketcap

IN India

Country

Indus Towers
Leadership team

Mr. Vikas Poddar (Chief Financial Officer)

Ms. Samridhi Rodhe (Company Sec. & Compliance Officer)

Mr. Tejinder Kalra (Chief Operating Officer)

Products/ Services
Telecommunications, Wireless
Number of Employees
1,000 - 20,000
Headquarters
Gurgaon, Haryana, India
Established
2007
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
INDUSTOWER.NS
Social Media
Overview
Location
Summary
Indus Towers Limited establishes, operates, and maintains wireless communication towers. The company offers infrastructure services to telecom operators and other wireless services providers. As of March 31, 2022, it owned and operated approximately 185,447 towers and 335,791 co-locations in 22 telecommunication circles in India. The company was formerly known as Bharti Infratel Limited and changed its name to Indus Towers Limited in December 2020. Indus Towers Limited was incorporated in 2006 and is headquartered in Gurugram, India.
History

Indus Towers Limited was founded in November 2006. It was incorporated with an objective to provide shared telecom infrastructure to telecom operators on a non-discriminatory basis.

Merger with Bharti Infratel

In 2017, reports suggested that Bharti Infratel, who already owns 42% of Indus Towers, was looking to acquire the 53% stake in Indus Towers, currently owned by Vodacom Group Plc. However, in July, the head of Vodafone stated that they were "actively considering" a float of their stake in Indus Towers. Vodafone went on to deliver a formal mandate to both Bank of America Merrill Lynch and Morgan Stanley to finalize buyers.On 25 April 2018, Bharti Infratel and Vodafone Group issued a joint statement announcing the merger of Bharti Infratel and Indus Towers to create the second largest telecom tower company in the world. Under the terms of the agreement, Bharti Infratel will transfer 1,565 of its own shares for each Indus Towers share valuing the latter at $10 billion. Other major shareholders in Indus Towers such as Idea Cellular and Providence Equity Partners would be provided an option to cash out. Bharti Airtel, the parent company of Bharti Infratel, will hold the largest stake in the newly merged entity. Prior to the merger, shareholding in Indus Towers was Bharti Infratel , Vodafone Group , Idea Cellular and Providence Equity Partners .

Mission
Our vision is not just Boardroom talk - it is shared by each and every Indusian across the vast geographies that we cover.
Key Team

Mr. R. Ramanujam (Chief Technology Officer)

Mr. Prashant Veer Singh (Chief Information Officer)

Mr. Dheeraj Agarwal C.F.A. (Chief Investor Relation Officer)

Mr. Vinod Sivarama Krishnan BE-Electrical, PGDM (Chief Information Officer)

Mr. Biswajit Patnaik (Chief Sales & Marketing Officer)

Mr. Rajiv Arora (Gen. Counsel, Chief of Legal, Regulatory & Corp. Affairs)

Mr. Prem Subedi (Head of Group Corp. Communications)

Recognition and Awards
Indus Tower has won several awards and accolades over the years , such as the Global GRI Award for best use of infrastructure, the Dun & Bradstreet Corporate Awards, the CNBC Search for India’s Best Infrastructure Companies, the Frost & Sullivan Award for Telecom Infrastructure Outsourcing Company of the Year - India and the ‘Power of Ideas’ Award.
References

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Indus Towers
Leadership team

Mr. Vikas Poddar (Chief Financial Officer)

Ms. Samridhi Rodhe (Company Sec. & Compliance Officer)

Mr. Tejinder Kalra (Chief Operating Officer)

Products/ Services
Telecommunications, Wireless
Number of Employees
1,000 - 20,000
Headquarters
Gurgaon, Haryana, India
Established
2007
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
INDUSTOWER.NS
Social Media