About Airtel Business
Airtel Business was a publicly listed company based in Gurugram (India) founded in 1995. It delivers reliable wireless internet services for businesses. It operates on a B2B model. The company has 546 employees. Its Indian entity Bharti Hexacom Limited reported revenue of ₹9,578 Cr. The company is recorded as dissolved. Its focus areas include Internet Services, Wireless and Business Solutions.
Company details
Airtel Business operates with a B2B model, focusing on providing telecom services, internet services, wireless, and business solutions. Delivers reliable wireless internet services for businesses. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Gurugram, India
- Employees 546
- Stage Public
- SectorsTelecommunications
- Website airtelbusinessinsights.com
- Legal Name Bharti Hexacom Limited
- Date of Incorporation 20 Apr, 1995
- Jurisdiction Haryana, India
- Market Cap₹79,660 Cr
BHARTIHEXA · NSE
- Share Price₹1,665.50
+4.54% today
- Revenue₹9,354 Cr
FY 2025-26 · +9.4% YoY
- EBITDA₹4,857 Cr
Margin 51.9%
- Net Profit₹1,700 Cr
FY 2025-26 · +41.2% YoY
- P/E (TTM)40.6x
P/B 11.1x
- ROE26.5%
ROCE 20.5%
- Debt / Equity1.03
Interest cover 22.7x
- Employee Count546
Associated legal entities of Airtel Business
Airtel Business operates through Bharti Hexacom Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Bharti Hexacom Limited Listed CIN L74899HR1995PLC132187 | Active | 20 Apr 1995 | Gurgaon, Haryana | ₹9,578 Cr | 409 | 12 | View details |
Board of directors of Bharti Hexacom Limited (Airtel Business)
Bharti Hexacom Limited is the primary company behind Airtel Business. The board of Bharti Hexacom Limited currently have 9 directors; the longest-serving is Devendra Khanna, appointed in 2013. 56 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Devendra Khanna DIN 01996768 | Director | 10 Aug 2013 | 13 yrs 3 mo | Bharti Hexacom Limited |
| Soumen Ray DIN 09484511 | Director | 14 Feb 2022 | 4 yrs 8 mo | Bharti Hexacom Limited |
| Ashok Tyagi DIN 00784563 | Director | 14 Feb 2022 | 4 yrs 8 mo | Bharti Hexacom Limited |
| Jagdish Saksena Deepak DIN 02194470 | Director | 20 May 2022 | 4 yrs 5 mo | Bharti Hexacom Limited |
| Arvind Kohli DIN 00001920 | Director | 22 Mar 2023 | 3 yrs 7 mo | Bharti Hexacom Limited |
| Nalina Suresh DIN 10429755 | Director | 22 Dec 2023 | 2 yrs 10 mo | Bharti Hexacom Limited |
| Arun Gupta DIN 00002157 | Director | 22 Dec 2023 | 2 yrs 10 mo | Bharti Hexacom Limited |
| Kapal Kumar Vohra DIN 07384162 | Director | 22 Dec 2023 | 2 yrs 10 mo | Bharti Hexacom Limited |
| Rakesh Bharti Mittal DIN 00042494 | Director | 28 Oct 2024 | 2 yrs | Bharti Hexacom Limited |
IPO & Listings of Airtel Business
Airtel Business is a publicly listed company on the NSE with ticker symbol BHARTIHEXA in India, operating in the Telecom-Service sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- Listed onNSE: BHARTIHEXA
- Listed entityBharti Hexacom Limited
- Exchange sectorTelecom-Service
Financials of Airtel Business
Exchange-reported figures of Bharti Hexacom Limited, the listed company behind Airtel Business (NSE: BHARTIHEXA).
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 9,354 | 8,548 | 7,089 | 6,579 | 5,405 | 4,602 | 3,874 |
| Revenue growth | +9.4% | +20.6% | +7.8% | +21.7% | +17.5% | +18.8% | - |
| EBITDA | 4,857 | 4,054 | 3,058 | 2,786 | 1,733 | 711 | (1,689) |
| EBITDA margin | +51.9% | +47.4% | +43.1% | +42.3% | +32.1% | +15.4% | -43.6% |
| Profit before tax | 2,266 | 1,809 | 923 | 734 | 1,841 | (989) | (3,435) |
| Net profit | 1,700 | 1,203 | 620 | 549 | (107) | (708) | (529) |
| Net profit margin | +18.2% | +14.1% | +8.8% | +8.4% | -2.0% | -15.4% | -13.7% |
| EPS (₹) | 34.66 | 29.87 | 10.09 | 21.97 | 66.98 | (41.36) | (108.66) |
| Balance sheet | |||||||
| Total assets | 13,944 | 14,041 | 13,448 | 14,039 | 13,226 | 10,284 | 9,961 |
| Net worth | 7,165 | 5,932 | 4,639 | 4,210 | 3,660 | 1,986 | 3,020 |
| Total debt | 6,137 | 7,353 | 8,105 | 9,204 | 9,068 | 7,774 | 5,191 |
| Cash & bank | 60.60 | 37.00 | 74.30 | 88.70 | 121 | 59.20 | 307 |
| Net working capital | (3,512) | (3,365) | (2,910) | (2,362) | 525 | (2,700) | (3,059) |
| Cash flow | |||||||
| Cash from operations | 4,464 | 4,583 | 3,546 | 5,108 | 1,258 | 1,517 | (316) |
| Cash from investing | (2,010) | (2,341) | (1,155) | (2,031) | (1,382) | (882) | (1,076) |
| Cash from financing | (2,438) | (2,265) | (2,404) | (3,111) | 183 | (604) | 1,864 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,582 | 2,510 | 2,414 | 2,360 | 2,317 | 2,263 | 2,289 | 2,251 |
| Revenue growth (YoY) | +11.4% | +10.9% | +5.5% | +4.9% | +10.5% | +18.4% | - | - |
| Other income | 63.90 | 72.10 | 77.60 | 37.50 | 61.20 | 47.50 | 47.80 | 45.00 |
| Total expenses | 1,205 | 1,188 | 1,171 | 1,114 | 1,109 | 1,102 | 1,121 | 1,205 |
| EBITDA | 1,377 | 1,322 | 1,243 | 1,245 | 1,208 | 1,161 | 1,168 | 1,046 |
| EBITDA margin | +53.3% | +52.7% | +51.5% | +52.8% | +52.1% | +51.3% | +51.0% | +46.5% |
| Depreciation | 600 | 592 | 565 | 567 | 554 | 527 | 531 | 532 |
| Interest | 140 | 149 | 149 | 147 | 151 | 154 | 171 | 180 |
| Profit before tax | 701 | 653 | 606 | 569 | 564 | 527 | 513 | 379 |
| Tax | 135 | 171 | 160 | 95.30 | 143 | 135 | 44.80 | 118 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,582 | 2,510 | 2,414 | 2,360 | 2,317 | 2,263 | 2,289 | 2,251 |
| Revenue growth (YoY) | +11.4% | +10.9% | +5.5% | +4.9% | +10.5% | +18.4% | - | - |
| Other income | 63.90 | 72.10 | 77.60 | 37.50 | 61.20 | 47.50 | 47.80 | 45.00 |
| Total expenses | 1,205 | 1,188 | 1,171 | 1,114 | 1,109 | 1,102 | 1,121 | 1,205 |
| EBITDA | 1,377 | 1,322 | 1,243 | 1,245 | 1,208 | 1,161 | 1,168 | 1,046 |
| EBITDA margin | +53.3% | +52.7% | +51.5% | +52.8% | +52.1% | +51.3% | +51.0% | +46.5% |
| Depreciation | 600 | 592 | 565 | 567 | 554 | 527 | 531 | 532 |
| Interest | 140 | 149 | 149 | 147 | 151 | 154 | 171 | 180 |
| Profit before tax | 701 | 653 | 606 | 569 | 564 | 527 | 513 | 379 |
| Tax | 135 | 171 | 160 | 95.30 | 143 | 135 | 44.80 | 118 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 9,354 | 8,548 | 7,089 | 6,579 | 5,405 | 4,602 | 3,874 |
| Revenue growth | +9.4% | +20.6% | +7.8% | +21.7% | +17.5% | +18.8% | - |
| Other income | 224 | 537 | 249 | 140 | 2,120 | 102 | 29.60 |
| Total expenses | 4,497 | 4,494 | 4,031 | 3,793 | 3,672 | 3,892 | 5,563 |
| Employee cost | 117 | 134 | 105 | 90.30 | 76.40 | 76.30 | 61.50 |
| EBITDA | 4,857 | 4,054 | 3,058 | 2,786 | 1,733 | 711 | (1,689) |
| EBITDA margin | +51.9% | +47.4% | +43.1% | +42.3% | +32.1% | +15.4% | -43.6% |
| Depreciation | 2,213 | 2,094 | 1,739 | 1,553 | 1,441 | 1,285 | 1,250 |
| Interest | 601 | 688 | 644 | 639 | 572 | 517 | 526 |
| Profit before tax | 2,266 | 1,809 | 923 | 734 | 1,841 | (989) | (3,435) |
| Tax | 533 | 315 | 419 | 185 | 166 | 44.80 | (718) |
| Net profit | 1,700 | 1,203 | 620 | 549 | (107) | (708) | (529) |
| Net profit margin | +18.2% | +14.1% | +8.8% | +8.4% | -2.0% | -15.4% | -13.7% |
| EPS (₹) | 34.66 | 29.87 | 10.09 | 21.97 | 66.98 | (41.36) | (108.66) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 250 | 250 | 250 | 250 | 250 | 250 | 250 |
| Reserves & surplus | 6,915 | 5,682 | 4,389 | 3,960 | 3,410 | 1,736 | 2,770 |
| Shareholders' funds (net worth) | 7,165 | 5,932 | 4,639 | 4,210 | 3,660 | 1,986 | 3,020 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 6,137 | 7,353 | 8,105 | 9,204 | 9,068 | 7,774 | 5,191 |
| Total debt | 6,137 | 7,353 | 8,105 | 9,204 | 9,068 | 7,774 | 5,191 |
| Total liabilities | 13,944 | 14,041 | 13,448 | 14,039 | 13,226 | 10,284 | 9,961 |
| Assets | |||||||
| Gross block | 26,541 | 25,623 | 23,402 | 20,571 | 18,748 | 17,590 | 16,190 |
| Net block | 14,038 | 14,733 | 13,615 | 11,174 | 10,234 | 10,304 | 9,874 |
| Capital work in progress | 476 | 297 | 444 | 1,936 | 64.10 | 70.70 | 110 |
| Investments | 631 | 73.90 | 238 | 1,046 | 49.00 | 0.00 | 625 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 108 | 108 | 445 | 149 | 2,096 | 143 | 228 |
| Cash & bank balances | 60.60 | 37.00 | 74.30 | 88.70 | 121 | 59.20 | 307 |
| Loans & advances | 1,425 | 1,699 | 1,641 | 1,614 | 1,757 | 1,817 | 1,880 |
| Total current assets | 1,594 | 1,844 | 2,160 | 1,852 | 3,973 | 2,020 | 2,415 |
| Total current liabilities | 5,106 | 5,210 | 5,070 | 4,214 | 3,449 | 4,720 | 5,474 |
| Net working capital | (3,512) | (3,365) | (2,910) | (2,362) | 525 | (2,700) | (3,059) |
| Total assets | 13,944 | 14,041 | 13,448 | 14,039 | 13,226 | 10,284 | 9,961 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 17.10 | 39.80 | 52.40 | 86.30 | 27.70 | (2.80) | (476) |
| Net cash from operating activities | 4,464 | 4,583 | 3,546 | 5,108 | 1,258 | 1,517 | (316) |
| Net cash from investing activities | (2,010) | (2,341) | (1,155) | (2,031) | (1,382) | (882) | (1,076) |
| Net cash from financing activities | (2,438) | (2,265) | (2,404) | (3,111) | 183 | (604) | 1,864 |
| Net change in cash | 15.90 | (22.70) | (12.60) | (33.90) | 58.60 | 30.50 | 473 |
| Closing cash | 60.60 | 37.00 | 74.30 | 88.70 | 121 | 59.20 | 307 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +9.4% | +20.6% | +7.8% | +21.7% | +17.5% | +18.8% | - |
| EBITDA growth | +19.8% | +32.6% | +9.8% | +60.7% | +143.9% | +142.1% | - |
| PBT growth | +25.3% | +95.9% | +25.8% | -60.1% | +9998.0% | +71.2% | -205.9% |
| Net income growth | +41.2% | +94.0% | +12.9% | +611.8% | +84.8% | -33.7% | - |
| Revenue CAGR (3Y) | +12.5% | +16.5% | +15.5% | +19.3% | +14.4% | - | - |
| EBITDA CAGR (3Y) | +20.4% | +32.7% | +62.7% | - | +388.2% | - | - |
| Profitability & leverage | |||||||
| Net income margin | +18.5% | +17.5% | +7.1% | +8.4% | +31.0% | -22.5% | -70.1% |
| Return on capital employed | +20.5% | +16.5% | +13.3% | +10.1% | +3.9% | -1.3% | -7.6% |
| Return on net worth | +26.5% | +25.2% | +14.0% | +14.0% | -3.8% | -28.3% | -12.0% |
| Debt / equity | 1.03 | 1.46 | 1.96 | 2.32 | 2.98 | 2.59 | 0.93 |
| Long-term debt / equity | 0.84 | 1.07 | 1.46 | 1.73 | 2.01 | 1.21 | 0.12 |
| Interest cover | 22.74 | 35.12 | 48.86 | 51.83 | 195.55 | -89.92 | -17.90 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.36 | 0.35 | 0.32 | 0.33 | 0.30 | 0.27 | 0.25 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 86.33 | 30.92 | 23.89 | 5.86 | 4.83 | 24.80 | 23.58 |
| EPS (₹) | 34.66 | 29.87 | 10.09 | 21.97 | 66.98 | (41.36) | (108.66) |
| Dividend per share (₹) | 28.00 | 10.00 | 4.00 | 3.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 143.30 | 118.64 | 92.77 | 168.38 | 146.42 | 79.44 | 120.80 |
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Frequently Asked Questions about Airtel Business
Airtel Business was founded in 1995.
Airtel Business is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Airtel Business has 546 employees.
The primary company behind Airtel Business, Bharti Hexacom Limited, reported revenue of ₹9,578 Cr for FY 2026, up 9% year on year.
Airtel Business operates with a B2B model, focusing on providing telecom services, internet services, wireless, and business solutions. Delivers reliable wireless internet services for businesses. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations. It continues to evolve, meeting industry challenges with strategic approaches.
Yes, Airtel Business is publicly traded on NSE under the ticker symbol BHARTIHEXA.
Airtel Business operates through Bharti Hexacom Limited.
The legal entities of Airtel Business currently have 12 directors, including Rakesh Bharti Mittal, Devendra Khanna, Jagdish Saksena Deepak and others.