Tag: BhartiAirtel

Categories
Leaders

Bharti Airtel extends Sunil Mittal’s term

Bharti Airtel has approved the reappointment of its founder and chairman Sunil Bharti Mittal for another five-year term, reinforcing leadership continuity at one of India’s largest telecom companies.

The board decision, taken at its recent meeting, will extend Mittal’s tenure from October 1, 2026, subject to shareholder approval. The move ensures he will continue leading the company’s strategic direction for another term as the telecom sector remains highly competitive and rapidly evolving.

Alongside this, the board also approved the reappointment of Nisaba Godrej as an Independent Director for a further five-year term. Her continued presence is expected to support governance oversight and board-level decision-making.

Mittal, who founded Bharti Airtel, has been central to the company’s expansion from a domestic telecom operator into a global player with operations across multiple markets. The reappointment reflects the company’s focus on maintaining continuity in leadership as it navigates 5G expansion, digital services growth, and increasing competition.

The decision comes at a time when Airtel is also undergoing internal leadership transitions at senior levels, aimed at preparing the company for its next phase of growth. Analysts say retaining experienced leadership at the top is seen as important for stability in strategy execution.

The reappointments will now go to shareholders for final approval in the upcoming annual general meeting. Once cleared, Mittal will continue as chairman until 2031.

Also Read: India seals oil, defence and investment deals in UAE

Categories
Corporate

Bharti Airtel earmarks ₹20,000 crore for digital lending push

Bharti Airtel has announced a ₹20,000-crore capital plan for its NBFC arm as it looks to rapidly expand its digital lending business and build a stronger presence in financial services.

The investment will be made in phases, with around 70% of the funds coming from Airtel and the remaining from its promoter group, Bharti Enterprises. The move will strengthen the lending arm’s balance sheet and allow it to offer more credit to customers across segments.

Airtel plans to use its large base of mobile users, digital payments platform and data insights to provide faster and more targeted loans. The company sees a major opportunity in reaching customers and small businesses that still have limited access to formal credit.

The focus will be on fully digital loans, including personal loans, small consumer credit and financing for micro and small enterprises. By using data analytics and its wide distribution network, Airtel aims to speed up approvals and improve risk assessment.

The decision highlights Airtel’s strategy to go beyond telecom services and create new revenue streams. Over the past few years, it has been steadily building its financial services portfolio through Airtel Finance and its payments bank, offering products such as insurance, savings and payments.

The push also comes at a time when telecom companies, fintech firms and traditional lenders are competing to tap India’s fast-growing digital credit market. With millions of active users on its platform, Airtel believes it has a strong advantage in cross-selling financial products.

Also Read: EVs may lose zero-emission tag under CAFE-III

Categories
Leaders

Shashwat Sharma appointed Airtel CEO

Bharti Airtel has announced a major change in its top leadership. Shashwat Sharma will take over as Managing Director and CEO of Airtel India starting January 1, 2026. He will lead the company for a five-year term.

Sharma has been preparing for this role over the past year, working closely with the current CEO to ensure a smooth transition.

Gopal Vittal, the current CEO, will move to a new role as Executive Vice Chairman. In this role, he will focus on strategy, technology, networks, procurement, talent development, and overseeing Airtel’s group operations.

The company said these changes are part of a planned succession process to maintain leadership continuity and support Airtel’s growth in India’s competitive telecom market.

Other key appointments include Soumen Ray as Group Chief Financial Officer and Rohit Krishan Puri as Company Secretary and Compliance Officer, both starting January 1, 2026.

Sunil Bharti Mittal, Airtel’s Chairman, welcomed the leadership changes and expressed confidence that the new team will guide the company to future success.

Also Read: Reliance Consumer acquires majority stake in Udhaiyams Agro Foods

Categories
1 Minute-Read

Bharti Airtel Q2 Net Jumps 89% on Solid Sales

Bharti Airtel reported an 89% year-on-year surge in consolidated profit to ₹6,792 crore for Q2 FY26, driven by robust operational growth and improved efficiency.

Revenue rose 26% to ₹52,145 crore, while EBITDA climbed 36% to ₹29,919 crore with margins at 57.4%.

The company’s average revenue per user (ARPU) improved to ₹256 from ₹233 a year earlier.

Airtel’s total customer base reached 624 million across 15 countries, supported by strong Indian wireless and broadband performance, steady African operations, and ongoing network expansion.

Also Read: Urban Company Shares Drop 6% as Q2 Loss Hits ₹59 Cr