About Airtel
Airtel is a company based in Delhi (India) founded in 1995 by Sunil Bharti Mittal.. Airtel has raised $292 million across 13 funding rounds from investors including Google, Barclays and Kotak Mahindra Bank. The company has 4,250 employees as of March 31, 2024. Airtel has completed 11 acquisitions, including Beetel, CallUp and Indus Towers. Airtel operates in a competitive market with competitors including Jio, MTN, Proximus Group, AT&T and Optus, among others.
- Headquarter Delhi, India
- Employees 4250 as on 31 Mar, 2024
- Founders Sunil Bharti Mittal
- Stage Public
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Sectors
Telecommunications
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Phone
*********
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Website
*********
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Social
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- Legal Name Airtel Africa Plc
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Annual Revenue
$4.86 B (USD)-1.99as on Mar 31, 2024
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Net Profit
$216.08 M (USD)231.32as on Mar 31, 2024
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EBITDA
$2.17 B (USD)33.74as on Mar 31, 2024
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Total Equity Funding
$292 M (USD)
in 13 rounds
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Latest Funding Round
$626.01 M (USD), Post-IPO
Jul 15, 2022
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Investors
Google
& 17 more
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Employee Count
4250
as on Mar 31, 2024
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Investments & Acquisitions
Beetel
& 10 more
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IPO & Listings of Airtel
Airtel is a publicly listed company on the LSE with ticker symbol AAF in UK, operating in the Communications 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.
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Sales and Marketing
46 people
Software Development Team
37 people
Human Resources and Administration
30 people
Leadership Team
15 people
Finance and Accounting
12 people
Senior Team
12 people
Lead Team
10 people
Operations Team
9 people
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Funding Insights of Airtel
Airtel has successfully raised a total of $292M across 13 strategic funding rounds. The most recent funding activity was a Post-IPO round of $626.01 million completed in July 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 13
- Last Round Post-IPO — $626.0M
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First Round
First Round
(01 Jun 1999)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2022 | Amount | Post-IPO - Airtel | Valuation |
investors |
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| Jul, 2021 | Amount | Post-IPO - Airtel | Valuation |
investors |
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| Jun, 2019 | Amount | Debt – Conventional - Airtel | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Airtel
Airtel has secured backing from 18 investors, including institutional and venture fund investors. Prominent investors backing the company include Google, Barclays and Kotak Mahindra Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Multiple sectors are invested in by this private equity firm.
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Founded Year | Domain | Location | |
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Fund of funds focused on pre-seed and seed-stage companies
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Founded Year | Domain | Location | |
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Multi-stage private equity investments are pursued across diverse sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Airtel
Airtel has strategically engaged in corporate development activities, having acquired 11 companies. Notable acquisitions include Beetel, CallUp and Indus Towers. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of customer experience services
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2023 | ||||
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Software solutions for fleet management
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2018 | ||||
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Mobile prepaid payment solutions are delivered through a dedicated app.
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2013 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Airtel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Airtel Comparisons
Competitors of Airtel
Airtel operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Jio, MTN, Proximus Group, AT&T and Optus, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of telecommunication services
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| domain | founded_year | HQ Location |
MTN Group is recognized as a leading telecommunications provider in Africa.
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| domain | founded_year | HQ Location |
Telephony, internet, television, and network-based ICT services are provided.
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| domain | founded_year | HQ Location |
Mobile internet, TV, and telecommunication services are provided.
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| domain | founded_year | HQ Location |
Mobile internet services are provided for homes and offices.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Airtel
Frequently Asked Questions about Airtel
When was Airtel founded?
Airtel was founded in 1995 and raised its 1st funding round 4 years after it was founded.
Where is Airtel located?
Airtel is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Who is the current CEO of Airtel?
Tarun Virmani is the current CEO of Airtel.
Is Airtel a funded company?
Airtel is a funded company, having raised a total of $292M across 13 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $137.81M, raised on Jun 01, 1999.
How many employees does Airtel have?
As of Mar 31, 2024, the latest employee count at Airtel is 4,250.
What is the annual revenue of Airtel?
Annual revenue of Airtel is $4.86B as on Mar 31, 2024.
What does Airtel do?
Airtel was established in 1995 in Delhi, India, within the telecommunications sector. Mobile network operations are conducted globally, with 2G, 3G, and 4G services provided alongside fixed-line telephony, DSL broadband, IPTV, DTH, enterprise solutions, and long-distance connectivity. The company is positioned as Indias largest mobile operator and the third largest worldwide. Outside India, focus is placed on wireless services and mobile commerce in various geographies.
Who are the top competitors of Airtel?
Airtel's top competitors include MTN, Proximus Group and AT&T.
Is Airtel publicly traded?
Yes, Airtel is publicly traded on LSE under the ticker symbol AAF.
How many acquisitions has Airtel made?
Airtel has made 11 acquisitions, including Beetel, CallUp, and Indus Towers.
Who are Airtel's investors?
Airtel has 18 investors. Key investors include Google, Barclays, Kotak Mahindra Bank, BNP Paribas, and Bank of America.
What is Airtel's ticker symbol?
The ticker symbol of Airtel is AAF on LSE.