- Total income
- ₹30,887 Cr
- Profit
- ₹9,932 Cr

About Indus Towers Limited
Data last updated:
Indus Towers Limited is a public limited company based in Gurugram, Haryana, India. It operates in the telecom infrastructure segment of the telecommunications sector. It was incorporated on 30 November 2006 and has been in existence for over 20 years.
Indus Towers is ranked #92 on the Fortune India 500 (2025). It is part of the Nifty 500 and BSE 500 indices. Its director Rakesh Bharti Mittal and family are #42 among India's richest people (2026). Its director Rajan Bharti Mittal and family are #42 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Haryana, under CIN L64201HR2006PLC073821. Its GSTIN is 06AADCB0274F1Z4 (Haryana). The company holds 48 GST registrations, of which 32 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 534816 and NSE: INDUSTOWER.
The company has an authorised share capital of ₹3,550 Cr and a paid-up capital of ₹2,638.16 Cr. It was formerly known as Bharti Infratel Limited. It is led by directors including Prachur Sah (Managing Director) and Harjeet Kohli.
Its last annual general meeting (AGM) was held on 19 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Building No. 10 Tower A 4th Floor DLF Cyber City, Gurugram, Haryana, India – 122002.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹32,493 Cr, a growth of 7.9% compared to the previous year. For the same year it recorded a net profit of ₹6,714.11 Cr (net margin 20.7%) and EBITDA of ₹17,813 Cr (EBITDA margin 54.8%). The net worth stands at ₹39,646 Cr (up 22% YoY). Total assets are valued at ₹65,143 Cr (up 13% YoY).
The company has about 3,630 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: Gurushala and Indus Towers. As per MCA filings, the company has satisfied charges of ₹8,100 Cr on record. Court records list 2,076 cases involving the company, including 1,350 filed by the company and 726 filed against it; 185 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website industowers.com.
Company details
CIN history
Indus Towers has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L64201HR2006PLC073821, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L64201HR2006PLC073821 | Current |
| U64201DL2006PLC156038 | Previous |
| L64201DL2006PLC156038 | Previous |
Recognitions & Rankings of Indus Towers
- Valuation
- ₹97,550 Cr
- #42 Rakesh Bharti Mittal & family ₹60,700 Cr
- #42 Rajan Bharti Mittal & family ₹60,700 Cr
Contact details
Indus Towers Limited's registered office is in Gurugram, Haryana. Its website is industowers.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressBuilding No. 10 Tower A 4th Floor DLF Cyber City, Gurugram, Haryana, India – 122002
- IndustryTelecom, Telecom Infrastructure
To see the full contact details of Indus Towers Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Indus Towers operates two associated brands: Gurushala and Indus Towers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online platform offering educational tools, courses, and communities for teachers and students. | gurushala.co | |
| Passive telecom infrastructure is installed, owned, and managed for operators. | industowers.com |
Business activity
The main business activity of Indus Towers is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Indus Towers Limited, buy the company report.
Financials of Indus Towers Limited
FY 2025-26 filings availableIndus Towers Limited reported revenue of ₹32,493 Cr (up 7.9% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue 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 | 32,493 | 30,123 | 28,601 | 28,382 | 27,717 | 13,954 | 6,743 |
| Revenue growth | +7.9% | +5.3% | +0.8% | +2.4% | +98.6% | +106.9% | - |
| EBITDA | 17,813 | 20,650 | 14,557 | 9,176 | 14,901 | 7,179 | 3,558 |
| EBITDA margin | +54.8% | +68.6% | +50.9% | +32.3% | +53.8% | +51.5% | +52.8% |
| Profit before tax | 9,598 | 13,154 | 8,122 | 2,759 | 8,431 | 4,757 | 3,788 |
| Net profit | 6,714 | 9,597 | 5,825 | 2,100 | 6,166 | 3,613 | 3,026 |
| Net profit margin | +20.7% | +31.9% | +20.4% | +7.4% | +22.2% | +25.9% | +44.9% |
| EPS (₹) | 27.08 | 37.65 | 22.40 | 7.57 | 23.65 | 14.02 | 17.83 |
| Balance sheet | |||||||
| Total assets | 65,143 | 57,653 | 50,918 | 42,740 | 44,313 | 39,761 | 18,587 |
| Net worth | 39,646 | 32,498 | 27,039 | 21,110 | 22,150 | 15,877 | 13,542 |
| Total debt | 21,127 | 21,156 | 20,531 | 19,185 | 19,726 | 21,576 | 4,627 |
| Cash & bank | 1,552 | 1,856 | 63.10 | 22.40 | 980 | 14.50 | 147 |
| Net working capital | 5,808 | 6,334 | 5,540 | 4,600 | 7,097 | 2,246 | 46.70 |
| Cash flow | |||||||
| Cash from operations | 15,684 | 19,645 | 11,582 | 7,905 | 9,121 | 7,481 | 2,315 |
| Cash from investing | (10,198) | (10,910) | (7,546) | (1,730) | (2,174) | 1,798 | (1,012) |
| Cash from financing | (5,588) | (8,648) | (3,995) | (7,133) | (5,982) | (9,377) | (1,185) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8,431 | 8,101 | 8,146 | 8,188 | 8,058 | 7,727 | 7,547 | 7,465 |
| Revenue growth (YoY) | +4.6% | +4.8% | +7.9% | +9.7% | +9.1% | - | - | - |
| Other income | 121 | 155 | 154 | 82.90 | 85.10 | 91.70 | 83.80 | 114 |
| EBITDA | 4,478 | 4,424 | 4,468 | 4,572 | 4,390 | 4,395 | 6,958 | 4,864 |
| EBITDA margin | +53.1% | +54.6% | +54.8% | +55.8% | +54.5% | +56.9% | +92.2% | +65.2% |
| Depreciation | 1,894 | 1,838 | 1,798 | 1,801 | 1,704 | 1,693 | 1,568 | 1,580 |
| Interest | 358 | 376 | 404 | 376 | 437 | 431 | 255 | 418 |
| Profit before tax | 2,347 | 2,365 | 2,420 | 2,478 | 2,334 | 2,363 | 5,219 | 2,980 |
| Tax | 602 | 572 | 644 | 639 | 597 | 584 | 1,216 | 757 |
| Net profit | 1,746 | 1,793 | 1,776 | 1,839 | 1,737 | 1,779 | 4,003 | 2,224 |
| EPS (₹) | 6.62 | 6.80 | 6.73 | 6.97 | 6.59 | 6.75 | 15.17 | 8.30 |
| 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 | 32,493 | 30,123 | 28,601 | 28,382 | 27,708 | 13,951 | 6,738 |
| Revenue growth | +7.9% | +5.3% | +0.8% | +2.4% | +98.6% | +107.0% | - |
| EBITDA | 17,797 | 20,641 | 14,557 | 9,176 | 14,888 | 7,178 | 3,557 |
| EBITDA margin | +54.8% | +68.5% | +50.9% | +32.3% | +53.7% | +51.5% | +52.8% |
| Profit before tax | 9,584 | 13,147 | 8,127 | 2,762 | 8,424 | 4,316 | 2,412 |
| Net profit | 6,704 | 9,588 | 5,829 | 2,103 | 6,160 | 3,177 | 1,513 |
| Net profit margin | +20.6% | +31.8% | +20.4% | +7.4% | +22.2% | +22.8% | +22.5% |
| EPS (₹) | 27.05 | 37.61 | 22.42 | 7.58 | 23.63 | 12.39 | 9.44 |
| Balance sheet | |||||||
| Total assets | 65,177 | 57,692 | 50,953 | 42,765 | 44,338 | 39,765 | 18,907 |
| Net worth | 39,679 | 32,537 | 27,074 | 21,135 | 22,176 | 15,897 | 13,881 |
| Total debt | 21,127 | 21,156 | 20,531 | 19,185 | 19,726 | 21,560 | 4,608 |
| Cash & bank | 1,527 | 1,855 | 58.00 | 21.80 | 980 | 13.00 | 147 |
| Net working capital | 5,830 | 6,360 | 5,551 | 4,615 | 7,117 | 2,251 | 64.40 |
| Cash flow | |||||||
| Cash from operations | 15,665 | 19,638 | 11,583 | 7,907 | 9,112 | 7,477 | 2,305 |
| Cash from investing | (10,237) | (10,925) | (7,565) | (1,739) | (2,182) | 1,804 | (1,009) |
| Cash from financing | (5,554) | (8,622) | (3,982) | (7,126) | (5,964) | (9,381) | (1,179) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8,431 | 8,101 | 8,146 | 8,188 | 8,058 | 7,727 | 7,547 | 7,465 |
| Revenue growth (YoY) | +4.6% | +4.8% | +7.9% | +9.7% | +9.1% | - | - | - |
| Other income | 121 | 156 | 154 | 82.90 | 85.10 | 91.70 | 83.90 | 114 |
| Total expenses | 3,955 | 3,683 | 3,681 | 3,620 | 3,712 | 3,407 | 593 | 2,603 |
| EBITDA | 4,476 | 4,418 | 4,465 | 4,568 | 4,346 | 4,320 | 6,954 | 4,862 |
| EBITDA margin | +53.1% | +54.5% | +54.8% | +55.8% | +53.9% | +55.9% | +92.1% | +65.1% |
| Depreciation | 1,893 | 1,837 | 1,798 | 1,800 | 1,704 | 1,692 | 1,568 | 1,580 |
| Interest | 358 | 376 | 403 | 376 | 396 | 360 | 255 | 418 |
| Profit before tax | 2,347 | 2,360 | 2,418 | 2,475 | 2,331 | 2,360 | 5,216 | 2,979 |
| Tax | 602 | 571 | 644 | 638 | 596 | 583 | 1,219 | 757 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8,431 | 8,101 | 8,146 | 8,188 | 8,058 | 7,727 | 7,547 | 7,465 |
| Revenue growth (YoY) | +4.6% | +4.8% | +7.9% | +9.7% | +9.1% | - | - | - |
| Other income | 121 | 155 | 154 | 82.90 | 85.10 | 91.70 | 83.80 | 114 |
| EBITDA | 4,478 | 4,424 | 4,468 | 4,572 | 4,390 | 4,395 | 6,958 | 4,864 |
| EBITDA margin | +53.1% | +54.6% | +54.8% | +55.8% | +54.5% | +56.9% | +92.2% | +65.2% |
| Depreciation | 1,894 | 1,838 | 1,798 | 1,801 | 1,704 | 1,693 | 1,568 | 1,580 |
| Interest | 358 | 376 | 404 | 376 | 437 | 431 | 255 | 418 |
| Profit before tax | 2,347 | 2,365 | 2,420 | 2,478 | 2,334 | 2,363 | 5,219 | 2,980 |
| Tax | 602 | 572 | 644 | 639 | 597 | 584 | 1,216 | 757 |
| Net profit | 1,746 | 1,793 | 1,776 | 1,839 | 1,737 | 1,779 | 4,003 | 2,224 |
| EPS (₹) | 6.62 | 6.80 | 6.73 | 6.97 | 6.59 | 6.75 | 15.17 | 8.30 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 32,493 | 30,123 | 28,601 | 28,382 | 27,717 | 13,954 | 6,743 |
| Revenue growth | +7.9% | +5.3% | +0.8% | +2.4% | +98.6% | +106.9% | - |
| Other income | 818 | 764 | 1,490 | 578 | 458 | 1,262 | 1,846 |
| Total expenses | 14,680 | 9,473 | 14,044 | 19,206 | 12,816 | 6,775 | 3,185 |
| Employee cost | 878 | 841 | 782 | 774 | 772 | 513 | 294 |
| EBITDA | 17,813 | 20,650 | 14,557 | 9,176 | 14,901 | 7,179 | 3,558 |
| EBITDA margin | +54.8% | +68.6% | +50.9% | +32.3% | +53.8% | +51.5% | +52.8% |
| Depreciation | 7,141 | 6,402 | 6,060 | 5,324 | 5,325 | 2,848 | 1,282 |
| Interest | 1,893 | 1,858 | 1,864 | 1,670 | 1,603 | 836 | 335 |
| Profit before tax | 9,598 | 13,154 | 8,122 | 2,759 | 8,431 | 4,757 | 3,788 |
| Tax | 2,453 | 3,222 | 2,086 | 719 | 2,058 | 978 | 489 |
| Net profit | 6,714 | 9,597 | 5,825 | 2,100 | 6,166 | 3,613 | 3,026 |
| Net profit margin | +20.7% | +31.9% | +20.4% | +7.4% | +22.2% | +25.9% | +44.9% |
| EPS (₹) | 27.08 | 37.65 | 22.40 | 7.57 | 23.65 | 14.02 | 17.83 |
| 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 | 2,638 | 2,638 | 2,695 | 2,695 | 2,695 | 2,695 | 1,850 |
| Reserves & surplus | 37,050 | 29,897 | 24,344 | 18,415 | 19,456 | 13,182 | 11,693 |
| Shareholders' funds (net worth) | 39,646 | 32,498 | 27,039 | 21,110 | 22,150 | 15,877 | 13,542 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 167 | 0.00 |
| Unsecured loans | 21,127 | 21,156 | 20,531 | 19,185 | 19,726 | 21,409 | 4,627 |
| Total debt | 21,127 | 21,156 | 20,531 | 19,185 | 19,726 | 21,576 | 4,627 |
| Total liabilities | 65,143 | 57,653 | 50,918 | 42,740 | 44,313 | 39,761 | 18,587 |
| Assets | |||||||
| Gross block | 98,676 | 90,447 | 79,605 | 70,672 | 68,414 | 66,773 | 17,136 |
| Net block | 49,514 | 44,380 | 39,300 | 32,384 | 31,826 | 31,800 | 6,714 |
| Capital work in progress | 630 | 567 | 422 | 355 | 179 | 274 | 54.50 |
| Investments | 4,316 | 1,486 | 2.80 | 276 | 1,652 | 2,271 | 11,170 |
| Inventories | 26.80 | 7.60 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 4,939 | 4,768 | 6,451 | 4,869 | 7,059 | 3,828 | 367 |
| Cash & bank balances | 1,552 | 1,856 | 63.10 | 22.40 | 980 | 14.50 | 147 |
| Loans & advances | 4,695 | 4,812 | 3,976 | 3,541 | 2,620 | 3,515 | 699 |
| Total current assets | 11,213 | 11,444 | 10,490 | 8,432 | 10,659 | 7,358 | 1,213 |
| Total current liabilities | 5,406 | 5,110 | 4,950 | 3,832 | 3,562 | 5,112 | 1,166 |
| Net working capital | 5,808 | 6,334 | 5,540 | 4,600 | 7,097 | 2,246 | 46.70 |
| Total assets | 65,143 | 57,653 | 50,918 | 42,740 | 44,313 | 39,761 | 18,587 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 150 | 63.10 | 22.40 | 980 | 14.30 | 112 | (5.40) |
| Net cash from operating activities | 15,684 | 19,645 | 11,582 | 7,905 | 9,121 | 7,481 | 2,315 |
| Net cash from investing activities | (10,198) | (10,910) | (7,546) | (1,730) | (2,174) | 1,798 | (1,012) |
| Net cash from financing activities | (5,588) | (8,648) | (3,995) | (7,133) | (5,982) | (9,377) | (1,185) |
| Net change in cash | (102) | 86.60 | 40.70 | (958) | 966 | (97.80) | 118 |
| Closing cash | 1,552 | 1,856 | 63.10 | 22.40 | 980 | 14.50 | 147 |
| 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 | +7.9% | +5.3% | +0.8% | +2.4% | +98.6% | +106.9% | - |
| EBITDA growth | -13.7% | +41.9% | +58.6% | -38.4% | +107.6% | +101.8% | - |
| PBT growth | -27.0% | +61.9% | +194.4% | -67.3% | +77.2% | +25.6% | +6.6% |
| Net income growth | -30.0% | +64.8% | +177.4% | -66.0% | +70.7% | +19.4% | - |
| Revenue CAGR (3Y) | +4.6% | +2.8% | +27.0% | +61.5% | +59.5% | +28.2% | +3.5% |
| EBITDA CAGR (3Y) | +24.8% | +11.5% | +26.6% | +37.1% | +68.6% | +31.9% | +8.0% |
| Profitability & leverage | |||||||
| Net income margin | +22.0% | +33.0% | +21.1% | +7.2% | +23.0% | +27.1% | +48.9% |
| Return on capital employed | +18.7% | +27.7% | +21.3% | +10.2% | +23.9% | +19.2% | +24.4% |
| Return on net worth | +19.8% | +33.4% | +25.1% | +9.4% | +33.5% | +25.7% | +23.5% |
| Debt / equity | 0.59 | 0.70 | 0.82 | 0.90 | 1.09 | 0.89 | 0.17 |
| Long-term debt / equity | 0.47 | 0.53 | 0.63 | 0.68 | 0.72 | 0.50 | 0.07 |
| Interest cover | 17.74 | 13.04 | 21.94 | 43.37 | 16.74 | 19.31 | 14.72 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.34 | 0.35 | 0.38 | 0.41 | 0.41 | 0.33 | 0.42 |
| Inventory turnover | 1,889.13 | 7,927.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 6.69 | 5.37 | 5.05 | 4.76 | 5.09 | 6.65 | 14.69 |
| EPS (₹) | 27.08 | 37.65 | 22.40 | 7.57 | 23.65 | 14.02 | 17.83 |
| Dividend per share (₹) | 14.00 | 0.00 | 0.00 | 0.00 | 11.00 | 20.12 | 10.50 |
| Book value per share (₹) | 150.44 | 123.33 | 100.33 | 78.33 | 82.19 | 58.91 | 73.22 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8,431 | 8,101 | 8,146 | 8,188 | 8,058 | 7,727 | 7,547 | 7,465 |
| Revenue growth (YoY) | +4.6% | +4.8% | +7.9% | +9.7% | +9.1% | - | - | - |
| Other income | 121 | 156 | 154 | 82.90 | 85.10 | 91.70 | 83.90 | 114 |
| Total expenses | 3,955 | 3,683 | 3,681 | 3,620 | 3,712 | 3,407 | 593 | 2,603 |
| EBITDA | 4,476 | 4,418 | 4,465 | 4,568 | 4,346 | 4,320 | 6,954 | 4,862 |
| EBITDA margin | +53.1% | +54.5% | +54.8% | +55.8% | +53.9% | +55.9% | +92.1% | +65.1% |
| Depreciation | 1,893 | 1,837 | 1,798 | 1,800 | 1,704 | 1,692 | 1,568 | 1,580 |
| Interest | 358 | 376 | 403 | 376 | 396 | 360 | 255 | 418 |
| Profit before tax | 2,347 | 2,360 | 2,418 | 2,475 | 2,331 | 2,360 | 5,216 | 2,979 |
| Tax | 602 | 571 | 644 | 638 | 596 | 583 | 1,219 | 757 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 32,493 | 30,123 | 28,601 | 28,382 | 27,708 | 13,951 | 6,738 |
| Revenue growth | +7.9% | +5.3% | +0.8% | +2.4% | +98.6% | +107.0% | - |
| Other income | 819 | 764 | 1,490 | 578 | 458 | 816 | 466 |
| Total expenses | 14,696 | 9,482 | 14,044 | 19,206 | 12,820 | 6,773 | 3,181 |
| Employee cost | 878 | 841 | 782 | 774 | 772 | 513 | 294 |
| EBITDA | 17,797 | 20,641 | 14,557 | 9,176 | 14,888 | 7,178 | 3,557 |
| EBITDA margin | +54.8% | +68.5% | +50.9% | +32.3% | +53.7% | +51.5% | +52.8% |
| Depreciation | 7,139 | 6,400 | 6,056 | 5,322 | 5,320 | 2,843 | 1,277 |
| Interest | 1,893 | 1,858 | 1,864 | 1,670 | 1,602 | 835 | 333 |
| Profit before tax | 9,584 | 13,147 | 8,127 | 2,762 | 8,424 | 4,316 | 2,412 |
| Tax | 2,449 | 3,224 | 2,086 | 719 | 2,057 | 978 | 666 |
| Net profit | 6,704 | 9,588 | 5,829 | 2,103 | 6,160 | 3,177 | 1,513 |
| Net profit margin | +20.6% | +31.8% | +20.4% | +7.4% | +22.2% | +22.8% | +22.5% |
| EPS (₹) | 27.05 | 37.61 | 22.42 | 7.58 | 23.63 | 12.39 | 9.44 |
| 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 | 2,638 | 2,638 | 2,695 | 2,695 | 2,695 | 2,695 | 1,850 |
| Reserves & surplus | 37,041 | 29,899 | 24,379 | 18,440 | 19,481 | 13,202 | 12,031 |
| Shareholders' funds (net worth) | 39,679 | 32,537 | 27,074 | 21,135 | 22,176 | 15,897 | 13,881 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 167 | 0.00 |
| Unsecured loans | 21,127 | 21,156 | 20,531 | 19,185 | 19,726 | 21,393 | 4,608 |
| Total debt | 21,127 | 21,156 | 20,531 | 19,185 | 19,726 | 21,560 | 4,608 |
| Total liabilities | 65,177 | 57,692 | 50,953 | 42,765 | 44,338 | 39,765 | 18,907 |
| Assets | |||||||
| Gross block | 98,670 | 90,441 | 79,599 | 70,663 | 68,406 | 66,748 | 17,416 |
| Net block | 49,512 | 44,375 | 39,294 | 32,373 | 31,814 | 31,770 | 6,679 |
| Capital work in progress | 623 | 567 | 422 | 354 | 177 | 271 | 53.30 |
| Investments | 4,336 | 1,506 | 22.80 | 291 | 1,667 | 2,286 | 11,492 |
| Inventories | 26.80 | 7.60 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 4,939 | 4,768 | 6,451 | 4,869 | 7,058 | 3,828 | 367 |
| Cash & bank balances | 1,527 | 1,855 | 58.00 | 21.80 | 980 | 13.00 | 147 |
| Loans & advances | 4,747 | 4,841 | 3,990 | 3,555 | 2,636 | 3,520 | 716 |
| Total current assets | 11,240 | 11,471 | 10,499 | 8,445 | 10,675 | 7,361 | 1,229 |
| Total current liabilities | 5,410 | 5,111 | 4,948 | 3,830 | 3,558 | 5,110 | 1,165 |
| Net working capital | 5,830 | 6,360 | 5,551 | 4,615 | 7,117 | 2,251 | 64.40 |
| Total assets | 65,177 | 57,692 | 50,953 | 42,765 | 44,338 | 39,765 | 18,907 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 149 | 58.00 | 21.80 | 980 | 12.80 | 112 | (5.50) |
| Net cash from operating activities | 15,665 | 19,638 | 11,583 | 7,907 | 9,112 | 7,477 | 2,305 |
| Net cash from investing activities | (10,237) | (10,925) | (7,565) | (1,739) | (2,182) | 1,804 | (1,009) |
| Net cash from financing activities | (5,554) | (8,622) | (3,982) | (7,126) | (5,964) | (9,381) | (1,179) |
| Net change in cash | (127) | 91.00 | 36.20 | (958) | 967 | (99.10) | 117 |
| Closing cash | 1,527 | 1,855 | 58.00 | 21.80 | 980 | 13.00 | 147 |
| 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 | +7.9% | +5.3% | +0.8% | +2.4% | +98.6% | +107.0% | - |
| EBITDA growth | -13.8% | +41.8% | +58.6% | -38.4% | +107.4% | +101.8% | - |
| PBT growth | -27.1% | +61.8% | +194.3% | -67.2% | +95.2% | +78.9% | -34.2% |
| Net income growth | -30.1% | +64.5% | +177.2% | -65.9% | +93.9% | +109.9% | - |
| Revenue CAGR (3Y) | +4.6% | +2.8% | +27.0% | +61.5% | +59.6% | +28.2% | +3.5% |
| EBITDA CAGR (3Y) | +24.7% | +11.5% | +26.6% | +37.2% | +68.5% | +31.9% | +8.0% |
| Profitability & leverage | |||||||
| Net income margin | +22.0% | +32.9% | +21.1% | +7.2% | +23.0% | +23.9% | +25.9% |
| Return on capital employed | +18.7% | +27.6% | +21.3% | +10.2% | +23.8% | +17.6% | +13.8% |
| Return on net worth | +19.8% | +33.3% | +25.1% | +9.4% | +33.5% | +22.4% | +10.2% |
| Debt / equity | 0.59 | 0.70 | 0.82 | 0.90 | 1.08 | 0.88 | 0.16 |
| Long-term debt / equity | 0.47 | 0.53 | 0.63 | 0.68 | 0.71 | 0.49 | 0.07 |
| Interest cover | 17.76 | 13.05 | 21.92 | 43.33 | 16.75 | 19.26 | 14.62 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.34 | 0.35 | 0.38 | 0.41 | 0.41 | 0.33 | 0.42 |
| Inventory turnover | 1,889.13 | 7,927.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 6.69 | 5.37 | 5.05 | 4.76 | 5.09 | 6.65 | 14.78 |
| EPS (₹) | 27.05 | 37.61 | 22.42 | 7.58 | 23.63 | 12.39 | 9.44 |
| Dividend per share (₹) | 14.00 | 0.00 | 0.00 | 0.00 | 11.00 | 20.12 | 10.50 |
| Book value per share (₹) | 150.41 | 123.33 | 100.46 | 78.42 | 82.29 | 58.99 | 75.05 |
To see the full year-wise statements and ratios of Indus Towers Limited, buy the company report.
Board of directors of Indus Towers Limited
Indus Towers has 10 current directors and 42 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harjeet Kohli Also directs: Bharti Land Limited, Bharti Life Insurance Company Limited, Bharti Neo Ventures Limited and 5 more | Director | 19 Nov 2020 | 5 Years 11 Months | Current |
| Randeep Singh Sekhon | Additional Director | 01 May 2026 | 0 Years 5 Months | Current |
| Rajan Bharti Mittal | Director | 27 Jan 2016 | 10 Years 8 Months | Current |
| Anita Kapur Also directs: Shriram Properties Limited | Director | 17 Jan 2018 | 8 Years 9 Months | Current |
| Sharad Bhansali Also directs: Hindustan Media Ventures Limited | Director | 19 Nov 2020 | 5 Years 11 Months | Current |
| Prachur Sah Also directs: Indus Towers Global Ventures Ifsc Limited, Smartx Services Limited | Managing Director | 03 Jan 2023 | 3 Years 9 Months | Current |
Auditor
Indus Towers Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2023 | 117366W/W-100018 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 51.30%, foreign institutional investors hold 23.20%, domestic institutional investors hold 21.50% and retail and other public shareholders hold 4.00%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 51.30% | 51.30% | 51.00% | 51.00% |
| Public | 48.70% | 48.70% | 49.00% | 49.00% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jan 2013 | 10403631 | Others | ₹1,500 Cr | Satisfied | |
| 04 Dec 2009 | 10191922 | Infrastructure Development Finance Company Limited | ₹6,600 Cr | Satisfied |
To see the full charge records of Indus Towers Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Indus Towers Limited has 2,076 court cases on record: 1,350 filed by Indus Towers, 726 filed against it. 185 cases are pending and 1,891 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1,073 | 570 | 128 |
| High courts | 975 | 143 | 49 |
| Supreme Court | 26 | 13 | 6 |
| NCLAT | 2 | 0 | 2 |
Cases on record (5 of 2,076)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Patna High Court | Court case (CWJC) | Filed by the company against The South Bihar Power Distribution Company Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by Best Roadways Ltd Through Authorized Representativeketan Sambhuprasad Desai | Pending |
| District court, Hyderabad Central, Telangana | Civil suit | Filed by the company against Gagan Housing and Industries Pvt Ltd and 2 others | Pending |
| High Court, HARYANA | Writ petition | Filed by the company against Dakshin Haryana Bijli Vitran Nigam Ltd and Others and 4 others | Disposed |
| District court, Anantnag, Jammu and Kashmir | Court case (C.O.S.) | Filed against the company by an individual | Pending |
To see the full case history of Indus Towers Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Indus Towers Limited was last rated by Icra on 09 Apr 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 09 Apr 2021 |
To see the full credit ratings and regulatory alerts of Indus Towers Limited, buy the company report.
MSME payment delays
Indus Towers Limited has 51 MSME Form 1 returns on record between 2020 and 2024, listing 9,289 overdue payments to 383 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 383)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Mitra Precise Forge Private Limited | |||
| Marcom Infra Private Limited | |||
| D.C.Network | |||
| Deepak Coal Trade & Merchant Private Limited |
To see the full MSME payment records of Indus Towers Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Indus Towers has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Smartx Services Limited | U64202DL2015PLC285515 |
To see the full group structure of Indus Towers Limited, buy the company report.
Employees & EPFO
Indus Towers Limited has a workforce of 3,630 employees on its EPFO records as of Apr 06, 2024, across 2 active EPFO establishments.
GST
Indus Towers has 48 GST registrations: 32 active and 16 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AADCB0274F1Z4 | Haryana | Active | 01 Jul 2017 |
| 06AADCB0274F2Z3 | Haryana | Active | 16 Jul 2017 |
| 02AADCB0274F1ZC | Himachal Pradesh | Active | 01 Jul 2017 |
| 05AADCB0274F1Z6 | Uttarakhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Indus Towers Limited, buy the company report.
Recent activity
Indus Towers Limited has 89 board changes on record since 2006: 51 appointments and 38 cessations. The latest: Randeep Singh Sekhon was appointed as Additional Director on 01 May 2026.
85 earlier events are in the company report.
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Frequently asked questions
Indus Towers is an active public limited company based in Gurugram, Haryana, India. The company works in telecom infrastructure, within the telecom industry. It was incorporated on 30 November 2006 (20+ years old) and is registered under CIN L64201HR2006PLC073821. Listed on BSE: 534816 and NSE: INDUSTOWER.
Indus Towers reported revenue of ₹32,493 Cr for FY 2025-26 (up 7.9% YoY) based on consolidated financials.
Indus Towers has 10 current directors:
- Prachur Sah - Managing Director
- Harjeet Kohli - Director
- Randeep Singh Sekhon - Additional Director
- Rajan Bharti Mittal - Director
- Anita Kapur - Director
- Sharad Bhansali - Director
- Ramesh Abhishek - Director
- Rakesh Bharti Mittal - Director
- Soumen Ray - Director
- Dinesh Kumar Mittal - Director
The latest financial statements of Indus Towers on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 19 August 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Indus Towers is 06AADCB0274F1Z4, registered in Haryana. The company has 48 GST registrations in all, of which 32 are active and 16 are cancelled or inactive. Other active GSTINs include 06AADCB0274F2Z3 (Haryana), 02AADCB0274F1ZC (Himachal Pradesh), 05AADCB0274F1Z6 (Uttarakhand).
The CIN (Corporate Identification Number) of Indus Towers is L64201HR2006PLC073821. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Indus Towers is a listed company as per MCA records. Its shares are listed on both BSE (code: 534816) and NSE (symbol: INDUSTOWER).
Indus Towers has 2,076 court cases on record: 1,350 filed by the company and 726 filed against it. 185 are pending. Most are in the district courts.
Indus Towers was incorporated on 30 November 2006, making it 20+ years old. It is registered with the Registrar of Companies, Haryana.
Randeep Singh Sekhon was appointed as Additional Director on 01 May 2026. Rakesh Bharti Mittal was appointed as Director on 20 Jan 2025. Randeep Singh Sekhon ceased to be Director on 20 Jan 2025. Indus Towers has 89 board changes on record in total.
Indus Towers has 51 MSME Form 1 returns on record between 2020 and 2024, listing 9,289 overdue payments to 383 micro and small suppliers. The latest return was filed on 01 May 2024.