Indus Towers Limited - telecom in Gurugram, Haryana, India. FY 2026 financials and compliance.
CIN L64201HR2006PLC073821 Incorporated 30 November 2006 ROC Delhi HQ Gurugram, Haryana, India
Active Listed - NSE: NDUSTOWER · BSE: 534816 Public Limited Company telecom
Data last updated
Revenue · FY 2026
₹32,493 Cr
▲ 7.87% YoY
EBITDA · FY 2026
₹18,632 Cr
▼ 11.26% YoY
Net profit · FY 2026
₹7,144.9 Cr
▼ 28.06% YoY
Authorised capital
₹3,550 Cr
Registered with MCA
Paid-up capital
₹2,638.16 Cr
Issued & subscribed
Open charges
None
Satisfied ₹8,100 Cr
Company age
20 yrs
Est. 2006
Employees · EPFO
3,630
Latest available

About Indus Towers Limited

Data last updated: 17 December 2025

Indus Towers Limited is a public limited company based in Gurugram, Haryana, India. It specialises in telecom infrastructure, a part of the broader telecommunications sector. Incorporated on 30 November 2006, the company has been in operation for over 20 years.

Registered with ROC Delhi under CIN L64201HR2006PLC073821. Listed on BSE: 534816 and NSE: NDUSTOWER.

Capital: an authorised share capital of ₹3,550 Cr and a paid-up capital of ₹2,638.16 Cr. Formerly known as Bharti Infratel Limited. It is led by directors including Gopal Vittal and Rakesh Bharti Mittal.

Last AGM: 29 August 2025. Financial statements filed for year ended 31 March 2025. Office: Building No. 10 Tower A 4Th Floor Dlf Cyber City, Gurugram, Haryana, India – 122002.

As per the financials filed for FY 2025, the company reported a revenue of ₹30,469 Cr, a growth of 5% compared to the previous year.

The company has a workforce of approximately 3,630 employees as per the latest available data. Its group structure includes 1 subsidiary.

The company is associated with 2 brands - Gurushala, Indus Towers. As per MCA filings, the company has satisfied charges of ₹8,100 Cr on record.

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 of Indus Towers Limited
CIN L64201HR2006PLC073821
Registration Number 073821
Incorporation Date 30 November 2006
ROC Delhi
Listing Status Listed (BSE: 534816, NSE: NDUSTOWER)
Company Status Active
Date of Last AGM 29 August 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Contact Details
  • Email
    *****@*****.com
  • Telephone
    +91-****-******
  • Website
  • Social Media
  • Registered Address
    Building No. 10 Tower A 4Th Floor Dlf Cyber City, Gurugram, Haryana, India – 122002
  • Industry
    Telecom, Telecom Infrastructure
Company report
Indus Towers Limited - full intelligence report
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Financials, compliance, directors, charges, ownership and filings for Indus Towers Limited in one report.

10-year financials Directors & ownership Charges & compliance

CIN History of Indus Towers Limited

Indus Towers Limited 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

Associated Brands with Indus Towers Limited

Indus Towers Limited operates two associated brands: Gurushala and Indus Towers. These brands represent Indus Towers Limited's diversified market presence and brand portfolio.

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

Competitors & Alternatives of Indus Towers Limited

Brands and companies operating in the same space as Indus Towers Limited include Aanaab, BloomBoard, Lumen Learning and 4 more.

Competitor Description Location Founded
Aanaab Aanaab Training courses for teachers are provided through an online platform. Saudi Arabia 2016
BloomBoard BloomBoard Professional development content for educators is delivered via a marketplace. Palo Alto, United States, United States 2010
Lumen Learning Lumen Learning Teachers' professional development is facilitated through an online platform. Portland, United States, United States 2013
Complete Maths Complete Maths Online mathematics resources are supplied to teachers and schools. London, United Kingdom, United Kingdom 2013
Learners Edge Learners Edge Online professional development courses for teachers are provided self-paced. Lakeville, United States, United States 2002
inquirED inquirED Provider of inquiry-based social studies curriculum and professional learning for engaging students and supporting teachers Chicago, United States, United States 2017
Teachers of Tomorrow Teachers of Tomorrow Professional development for aspiring teachers is offered in key subjects. Houston, United States, United States 2004

Business Activity of Indus Towers Limited

Indus Towers Limited is engaged in the principal business activity of information and communication, with detailed activities including other information & communication service activities.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
J Information and communication J8 Other information & communication service activities *********

Auditor Details of Indus Towers Limited

Indus Towers Limited is audited by Deloitte Haskins & Sells LLP (ICAI peer reviewed, certificate valid till 2027-07-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
Deloitte Haskins & Sells LLP (ICAI peer reviewed, certificate valid till 2027-07-31) FY 2026 Declaration of unmodified opinion

Board of Directors of Indus Towers Limited

Indus Towers Limited is currently managed by 13 directors, with 50 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Gopal Vittal Director 19 Nov 2020 5 Years 7 Months Current
Rakesh Bharti Mittal Director 20 Jan 2025 1 Years 5 Months Current
Rajan Bharti Mittal Director 27 Jan 2016 10 Years 5 Months Current
Prachur Sah Ceo 03 Jan 2023 3 Years 6 Months Current
Jagdish Saksena Deepak Director 01 Aug 2024 1 Years 11 Months Current
Sharad Bhansali Director 19 Nov 2020 5 Years 7 Months Current
Showing 6 of 13 current directors. View all directors

Financials of Indus Towers Limited FY 2026 filings available

Indus Towers Limited reported revenue of ₹32,493 Cr (up 7.87% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue · FY 2026
₹32,493 Cr ▲ 7.87%
Profit · FY 2026
₹7,144.9 Cr ▼ 28.06%
EBITDA · FY 2026
₹18,632 Cr ▼ 11.26%
Revenue₹ Cr · Consolidated020,00040,000FY 2020: ₹6,743 Cr6,743FY 2020FY 2021: ₹13,954 Cr · +106.9% YoY13,954+106.9%FY 2021FY 2022: ₹27,717 Cr · +98.6% YoY27,717+98.6%FY 2022FY 2023: ₹28,382 Cr · +2.4% YoY28,382+2.4%FY 2023FY 2024: ₹28,601 Cr · +0.8% YoY28,601+0.8%FY 2024FY 2025: ₹30,123 Cr · +5.3% YoY30,123+5.3%FY 2025FY 2026: ₹32,493 Cr · +7.9% YoY32,493+7.9%FY 2026
Net Profit₹ Cr · Consolidated05,00010,000FY 2020: ₹3,299 Cr3,299FY 2020FY 2021: ₹3,779 Cr · +14.6% YoY3,779+14.6%FY 2021FY 2022: ₹6,373 Cr · +68.6% YoY6,373+68.6%FY 2022FY 2023: ₹2,040 Cr · -68% YoY2,040-68%FY 2023FY 2024: ₹6,036 Cr · +195.9% YoY6,036+195.9%FY 2024FY 2025: ₹9,932 Cr · +64.5% YoY9,932+64.5%FY 2025FY 2026: ₹7,145 Cr · -28.1% YoY7,145-28.1%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year05,00010,000Q1'25: ₹7,383 Cr · +4.3% YoY7,383+4.3%Q1'25Q2'25: ₹7,465 Cr · +4.7% YoY7,465+4.7%Q2'25Q3'25: ₹7,547 Cr · +4.8% YoY7,547+4.8%Q3'25Q4'25: ₹7,727 Cr · +7.4% YoY7,727+7.4%Q4'25Q1'26: ₹8,058 Cr · +9.1% YoY8,058+9.1%Q1'26Q2'26: ₹8,188 Cr · +9.7% YoY8,188+9.7%Q2'26Q3'26: ₹8,146 Cr · +7.9% YoY8,146+7.9%Q3'26Q4'26: ₹8,101 Cr · +4.8% YoY8,101+4.8%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹32,493 Cr ₹30,123 Cr ₹28,601 Cr ₹28,382 Cr ₹27,717 Cr ₹13,954 Cr ₹6,743 Cr
Other Income ₹477 Cr ₹345.8 Cr ₹361.1 Cr ₹361.3 Cr ₹352.5 Cr ₹196.9 Cr ₹128.7 Cr
Total Income ₹32,970 Cr ₹30,469 Cr ₹28,962 Cr ₹28,743 Cr ₹28,070 Cr ₹14,151 Cr ₹6,871.7 Cr
Cost of Materials Consumed ₹9.3 Cr ₹3.8 Cr ₹0 ₹0 ₹0 ₹0 ₹0
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Employee Benefit Expense ₹878.2 Cr ₹841.4 Cr ₹782.3 Cr ₹774.1 Cr ₹772.2 Cr ₹512.6 Cr ₹293.5 Cr
Finance Costs ₹1,893 Cr ₹1,440 Cr ₹735.4 Cr ₹1,453.9 Cr ₹1,497.3 Cr ₹637.2 Cr -₹2 Cr
Depreciation & Amortisation ₹7,140.8 Cr ₹6,402.1 Cr ₹6,059.9 Cr ₹5,323.9 Cr ₹5,325.2 Cr ₹2,848.4 Cr ₹1,281.5 Cr
Other Expenses ₹13,451 Cr ₹8,627.6 Cr ₹13,262 Cr ₹17,939 Cr ₹12,044 Cr ₹6,262.4 Cr ₹2,891.7 Cr
Total Expenses ₹23,372 Cr ₹17,315 Cr ₹20,839 Cr ₹25,491 Cr ₹19,639 Cr ₹10,261 Cr ₹4,464.7 Cr
Profit Before Exceptional Items & Tax ₹9,597.8 Cr ₹13,154 Cr ₹8,122.4 Cr ₹3,252.1 Cr ₹8,430.7 Cr ₹3,890.6 Cr ₹2,407 Cr
Exceptional Items ₹0 ₹0 ₹0 -₹492.8 Cr ₹0 ₹0 ₹0
Profit Before Tax ₹9,597.8 Cr ₹13,154 Cr ₹8,122.4 Cr ₹2,759.3 Cr ₹8,430.7 Cr ₹3,890.6 Cr ₹2,407 Cr
Total Tax Expense ₹2,452.9 Cr ₹3,222 Cr ₹2,086.2 Cr ₹719.3 Cr ₹2,057.6 Cr ₹977.9 Cr ₹488.8 Cr
Net Profit ₹7,144.9 Cr ₹9,931.7 Cr ₹6,036.2 Cr ₹2,040 Cr ₹6,373.1 Cr ₹3,779 Cr ₹3,298.7 Cr
  attributable to Owners ₹7,144.9 Cr ₹9,931.7 Cr - ₹2,040 Cr ₹0 ₹3,779 Cr ₹3,298.7 Cr
  attributable to NCI ₹0 ₹0 - ₹0 ₹0 ₹0 ₹0
Other Comprehensive Income -₹40 Lakh -₹3 Cr -₹3.2 Cr -₹80 Lakh ₹3.6 Cr ₹1.3 Cr -₹11.9 Cr
Total Comprehensive Income ₹7,144.5 Cr ₹9,928.7 Cr ₹6,033 Cr ₹2,039.2 Cr ₹6,376.7 Cr ₹3,780.3 Cr ₹3,286.8 Cr
EBITDA (computed) ₹18,632 Cr ₹20,996 Cr ₹14,918 Cr ₹10,030 Cr ₹15,253 Cr ₹7,376.2 Cr ₹3,686.5 Cr
Basic EPS ₹27.09 ₹37.31 ₹22.40 ₹7.57 ₹23.65 ₹17.52 ₹17.84
Diluted EPS ₹27.09 ₹37.31 ₹22.40 ₹7.57 ₹23.65 ₹17.52 ₹17.84
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹71,316 Cr ₹63,170 Cr ₹55,868 Cr ₹46,572 Cr
Non-current Assets ₹55,798 Cr ₹50,240 Cr ₹45,378 Cr ₹37,865 Cr
Current Assets ₹15,518 Cr ₹12,930 Cr ₹10,490 Cr ₹8,707.6 Cr
Property, Plant & Equipment ₹49,466 Cr ₹44,342 Cr ₹39,287 Cr ₹32,361 Cr
Inventories ₹26.8 Cr ₹7.6 Cr ₹0 ₹0
Trade Receivables ₹4,939.3 Cr ₹4,767.5 Cr ₹6,450.7 Cr ₹4,868.7 Cr
Cash & Equivalents ₹47.3 Cr ₹149.7 Cr ₹63.1 Cr ₹22.4 Cr
Equity (Net Worth) ₹39,646 Cr ₹32,498 Cr ₹27,039 Cr ₹21,110 Cr
Equity Share Capital ₹2,638.1 Cr ₹2,638.1 Cr ₹2,694.9 Cr ₹2,694.9 Cr
Borrowings (Non-current) ₹0 ₹153.2 Cr ₹1,504.4 Cr ₹2,434 Cr
Borrowings (Current) ₹920.9 Cr ₹2,109.2 Cr ₹2,807.4 Cr ₹2,278.6 Cr
Total Debt (computed) ₹920.9 Cr ₹2,262.4 Cr ₹4,311.8 Cr ₹4,712.6 Cr
Current Liabilities ₹9,003 Cr ₹9,786.8 Cr ₹10,157 Cr ₹8,162.8 Cr
Total Liabilities ₹31,671 Cr ₹30,672 Cr ₹28,829 Cr ₹25,463 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹15,684 Cr ₹19,645 Cr ₹11,582 Cr ₹7,904.8 Cr ₹9,121.2 Cr
Investing Cash Flow -₹10,198 Cr -₹10,911 Cr -₹7,545.8 Cr -₹1,730 Cr -₹2,173.7 Cr
Financing Cash Flow -₹5,588.1 Cr -₹8,647.9 Cr -₹3,995.6 Cr -₹7,132.6 Cr -₹5,981.6 Cr
Capital Expenditure ₹8,625.8 Cr ₹6,784 Cr ₹8,952.9 Cr ₹3,622.6 Cr ₹3,285.1 Cr
Free Cash Flow (computed) ₹7,058.2 Cr ₹12,861 Cr ₹2,629.2 Cr ₹4,282.2 Cr ₹5,836.1 Cr
Dividends Paid ₹0 ₹0 ₹0 ₹2,963.8 Cr ₹0
Net Change in Cash -₹102.4 Cr ₹86.6 Cr ₹40.7 Cr -₹957.8 Cr ₹965.9 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹8,101 Cr ₹8,146.3 Cr ₹8,188.2 Cr ₹8,057.6 Cr ₹7,727.1 Cr ₹7,547.4 Cr ₹7,465.3 Cr ₹7,383 Cr ₹7,193.2 Cr ₹7,199 Cr ₹7,132.5 Cr ₹7,075.9 Cr
Other Income ₹155.2 Cr ₹153.8 Cr ₹82.9 Cr ₹85.1 Cr ₹91.7 Cr ₹83.8 Cr ₹113.9 Cr ₹56.4 Cr ₹108.5 Cr ₹98.9 Cr ₹97.2 Cr ₹56.5 Cr
Total Income ₹8,256.2 Cr ₹8,300.1 Cr ₹8,271.1 Cr ₹8,142.7 Cr ₹7,818.8 Cr ₹7,631.2 Cr ₹7,579.2 Cr ₹7,439.4 Cr ₹7,301.7 Cr ₹7,297.9 Cr ₹7,229.7 Cr ₹7,132.4 Cr
Cost of Materials Consumed ₹4.6 Cr ₹2.6 Cr ₹70 Lakh ₹1.4 Cr ₹3.8 Cr ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Employee Benefit Expense ₹230.7 Cr ₹229.1 Cr ₹205.1 Cr ₹213.3 Cr ₹220.3 Cr ₹216.7 Cr ₹207.3 Cr ₹197.1 Cr ₹203.1 Cr ₹198.5 Cr ₹195.7 Cr ₹185 Cr
Finance Costs ₹468.9 Cr ₹487 Cr ₹462.4 Cr ₹396.5 Cr ₹359.7 Cr ₹254.6 Cr ₹417.5 Cr ₹408.2 Cr ₹126.7 Cr ₹10.7 Cr ₹246.4 Cr ₹351.6 Cr
Depreciation & Amortisation ₹1,837.8 Cr ₹1,797.9 Cr ₹1,800.8 Cr ₹1,704.3 Cr ₹1,693 Cr ₹1,568.5 Cr ₹1,580.1 Cr ₹1,560.5 Cr ₹1,564.5 Cr ₹1,595.7 Cr ₹1,525.6 Cr ₹1,374.1 Cr
Other Expenses ₹3,348.9 Cr ₹3,363.2 Cr ₹3,323.7 Cr ₹3,493.4 Cr ₹3,179 Cr ₹372.6 Cr ₹2,394.2 Cr ₹2,681.8 Cr ₹2,918.5 Cr ₹3,416.5 Cr ₹3,515.3 Cr ₹3,411.4 Cr
Total Expenses ₹5,890.9 Cr ₹5,879.8 Cr ₹5,792.7 Cr ₹5,808.9 Cr ₹5,455.8 Cr ₹2,412.4 Cr ₹4,599.1 Cr ₹4,847.6 Cr ₹4,812.8 Cr ₹5,221.4 Cr ₹5,483 Cr ₹5,322.1 Cr
Profit Before Exceptional Items & Tax ₹2,365.3 Cr ₹2,420.3 Cr ₹2,478.4 Cr ₹2,333.8 Cr ₹2,363 Cr ₹5,218.8 Cr ₹2,980.1 Cr ₹2,591.8 Cr ₹2,488.9 Cr ₹2,076.5 Cr ₹1,746.7 Cr ₹1,810.3 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹2,365.3 Cr ₹2,420.3 Cr ₹2,478.4 Cr ₹2,333.8 Cr ₹2,363 Cr ₹5,218.8 Cr ₹2,980.1 Cr ₹2,591.8 Cr ₹2,488.9 Cr ₹2,076.5 Cr ₹1,746.7 Cr ₹1,810.3 Cr
Total Tax Expense ₹572.4 Cr ₹644.4 Cr ₹639.1 Cr ₹597 Cr ₹583.9 Cr ₹1,215.6 Cr ₹756.6 Cr ₹665.9 Cr ₹635.8 Cr ₹536 Cr ₹452 Cr ₹462.4 Cr
Net Profit ₹1,792.9 Cr ₹1,775.9 Cr ₹1,839.3 Cr ₹1,736.8 Cr ₹1,779.1 Cr ₹4,003.2 Cr ₹2,223.5 Cr ₹1,925.9 Cr ₹1,853.1 Cr ₹1,540.5 Cr ₹1,294.7 Cr ₹1,347.9 Cr
  attributable to Owners ₹1,792.9 Cr ₹1,775.9 Cr ₹1,839.3 Cr ₹1,736.8 Cr ₹1,779.1 Cr ₹4,003.2 Cr ₹0 - - ₹1,540.5 Cr ₹1,294.7 Cr ₹1,347.9 Cr
  attributable to NCI ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 - - ₹0 ₹0 ₹0
Other Comprehensive Income ₹2.3 Cr ₹0 -₹2.7 Cr ₹0 -₹1.8 Cr ₹0 -₹1.2 Cr ₹0 ₹70 Lakh ₹0 -₹3.9 Cr ₹0
Total Comprehensive Income ₹1,795.2 Cr ₹1,775.9 Cr ₹1,836.6 Cr ₹1,736.8 Cr ₹1,777.3 Cr ₹4,003.2 Cr ₹2,222.3 Cr ₹1,925.9 Cr ₹1,853.8 Cr ₹1,540.5 Cr ₹1,290.8 Cr ₹1,347.9 Cr
EBITDA (computed) ₹4,672 Cr ₹4,705.2 Cr ₹4,741.6 Cr ₹4,434.6 Cr ₹4,415.7 Cr ₹7,041.9 Cr ₹4,977.7 Cr ₹4,560.5 Cr ₹4,180.1 Cr ₹3,682.9 Cr ₹3,518.7 Cr ₹3,536 Cr
Basic EPS ₹6.80 ₹6.73 ₹6.97 ₹6.59 ₹6.75 ₹15.18 ₹8.30 ₹7.15 ₹6.88 ₹5.72 ₹4.81 ₹5.00
Diluted EPS ₹6.80 ₹6.73 ₹6.97 ₹6.59 ₹6.75 ₹15.18 ₹8.30 ₹7.15 ₹6.88 ₹5.72 ₹4.80 ₹5.00
Latest 12 quarters shown of 25 on record.
Segment · FY 2020 (annual) Revenue Result (PBIT) Assets Liabilities
Less: Revenue related to Joint venture (Indus) -₹7,904.2 Cr -₹2,179.1 Cr - -
Less: Share of assets/liabilties of joint venture ₹0 ₹0 - -
Less:Inter segment Profit ₹0 ₹0 - -
Less:Intersegment Assets/Liabilities ₹0 ₹0 - -
Share of (profit)/Loss of joint venture ₹0 ₹1,380.5 Cr - -
a) Infratel (including subsidiaries) ₹6,743 Cr ₹2,405 Cr - -
b) Indus ( Proportionate Share) ₹7,907.8 Cr ₹2,179.1 Cr - -
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020
Revenue from Operations ₹32,493 Cr ₹30,123 Cr ₹28,601 Cr ₹28,382 Cr ₹27,708 Cr ₹13,951 Cr ₹6,738.3 Cr
Other Income ₹477.2 Cr ₹345.8 Cr ₹361.1 Cr ₹361.2 Cr ₹352.5 Cr ₹616.8 Cr ₹128.7 Cr
Total Income ₹32,970 Cr ₹30,469 Cr ₹28,962 Cr ₹28,743 Cr ₹28,061 Cr ₹14,568 Cr ₹6,867 Cr
Cost of Materials Consumed ₹9.3 Cr ₹3.8 Cr ₹0 ₹0 ₹0 ₹0 ₹0
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Employee Benefit Expense ₹877.5 Cr ₹841.3 Cr ₹782.3 Cr ₹774.1 Cr ₹772.2 Cr ₹512.6 Cr ₹293.5 Cr
Finance Costs ₹1,893 Cr ₹1,440 Cr ₹735.4 Cr ₹1,453.9 Cr ₹1,496.2 Cr ₹635.9 Cr -₹3.7 Cr
Depreciation & Amortisation ₹7,138.8 Cr ₹6,400 Cr ₹6,055.6 Cr ₹5,321.5 Cr ₹5,320.3 Cr ₹2,842.9 Cr ₹1,277.4 Cr
Other Expenses ₹13,468 Cr ₹8,636.9 Cr ₹13,261 Cr ₹17,939 Cr ₹12,048 Cr ₹6,260.2 Cr ₹2,887.6 Cr
Total Expenses ₹23,387 Cr ₹17,322 Cr ₹20,835 Cr ₹25,488 Cr ₹19,636 Cr ₹10,252 Cr ₹4,454.8 Cr
Profit Before Exceptional Items & Tax ₹9,583.7 Cr ₹13,147 Cr ₹8,127.2 Cr ₹3,254.8 Cr ₹8,424.3 Cr ₹4,316 Cr ₹2,412.2 Cr
Exceptional Items ₹0 ₹0 ₹0 -₹492.8 Cr ₹0 ₹0 ₹0
Profit Before Tax ₹9,583.7 Cr ₹13,147 Cr ₹8,127.2 Cr ₹2,762 Cr ₹8,424.3 Cr ₹4,316 Cr ₹2,412.2 Cr
Total Tax Expense ₹2,448.9 Cr ₹3,224.3 Cr ₹2,086.2 Cr ₹718.7 Cr ₹2,057.2 Cr ₹977.8 Cr ₹665.6 Cr
Net Profit ₹7,134.8 Cr ₹9,922.3 Cr ₹6,041 Cr ₹2,043.3 Cr ₹6,367.1 Cr ₹3,338.2 Cr ₹1,746.6 Cr
Other Comprehensive Income -₹70 Lakh -₹3 Cr -₹3.2 Cr -₹80 Lakh ₹3.6 Cr ₹2 Cr -₹11 Cr
Total Comprehensive Income ₹7,134.1 Cr ₹9,919.3 Cr ₹6,037.8 Cr ₹2,042.5 Cr ₹6,370.7 Cr ₹3,340.2 Cr ₹1,735.6 Cr
EBITDA (computed) ₹18,616 Cr ₹20,987 Cr ₹14,918 Cr ₹10,030 Cr ₹15,241 Cr ₹7,794.8 Cr ₹3,685.9 Cr
Basic EPS ₹27.04 ₹37.27 ₹22.42 ₹7.58 ₹23.63 ₹15.47 ₹9.44
Diluted EPS ₹27.04 ₹37.27 ₹22.42 ₹7.58 ₹23.63 ₹15.47 ₹9.44
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹71,354 Cr ₹63,210 Cr ₹55,901 Cr ₹46,595 Cr
Non-current Assets ₹55,808 Cr ₹50,253 Cr ₹45,402 Cr ₹37,874 Cr
Current Assets ₹15,546 Cr ₹12,957 Cr ₹10,499 Cr ₹8,721 Cr
Property, Plant & Equipment ₹49,463 Cr ₹44,337 Cr ₹39,281 Cr ₹32,352 Cr
Inventories ₹26.8 Cr ₹7.6 Cr ₹0 ₹0
Trade Receivables ₹4,939.3 Cr ₹4,767.5 Cr ₹6,450.7 Cr ₹4,868.7 Cr
Cash & Equivalents ₹22.2 Cr ₹149 Cr ₹58 Cr ₹21.8 Cr
Equity (Net Worth) ₹39,679 Cr ₹32,537 Cr ₹27,074 Cr ₹21,135 Cr
Equity Share Capital ₹2,638.1 Cr ₹2,638.1 Cr ₹2,694.9 Cr ₹2,694.9 Cr
Borrowings (Non-current) ₹0 ₹153.2 Cr ₹1,504.4 Cr ₹2,433.9 Cr
Borrowings (Current) ₹920.9 Cr ₹2,109.2 Cr ₹2,807.4 Cr ₹2,278.6 Cr
Total Debt (computed) ₹920.9 Cr ₹2,262.4 Cr ₹4,311.8 Cr ₹4,712.5 Cr
Current Liabilities ₹9,007.4 Cr ₹9,788.1 Cr ₹10,155 Cr ₹8,160.4 Cr
Total Liabilities ₹31,675 Cr ₹30,673 Cr ₹28,827 Cr ₹25,460 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹15,665 Cr ₹19,638 Cr ₹11,583 Cr ₹7,906.7 Cr ₹9,112.4 Cr
Investing Cash Flow -₹10,237 Cr -₹10,925 Cr -₹7,564.5 Cr -₹1,739 Cr -₹2,181.6 Cr
Financing Cash Flow -₹5,554.5 Cr -₹8,622.1 Cr -₹3,982.6 Cr -₹7,125.9 Cr -₹5,963.6 Cr
Capital Expenditure ₹8,618.8 Cr ₹6,783.8 Cr ₹8,952.9 Cr ₹3,622.4 Cr ₹3,288.5 Cr
Free Cash Flow (computed) ₹7,046.1 Cr ₹12,854 Cr ₹2,630.4 Cr ₹4,284.3 Cr ₹5,823.9 Cr
Dividends Paid ₹0 ₹0 ₹0 ₹2,964.4 Cr ₹0
Net Change in Cash -₹126.8 Cr ₹91 Cr ₹36.2 Cr -₹958.2 Cr ₹967.2 Cr
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q3 FY24 Q2 FY24 Q1 FY24
Revenue from Operations ₹8,101 Cr ₹8,146.3 Cr ₹8,188.2 Cr ₹8,057.6 Cr ₹7,727.1 Cr ₹7,547.4 Cr ₹7,465.3 Cr ₹7,383 Cr ₹7,193.2 Cr ₹7,199 Cr ₹7,132.5 Cr ₹7,075.9 Cr
Other Income ₹155.5 Cr ₹153.7 Cr ₹82.9 Cr ₹85.1 Cr ₹91.7 Cr ₹83.9 Cr ₹113.8 Cr ₹56.4 Cr ₹108.5 Cr ₹98.9 Cr ₹97.2 Cr ₹56.5 Cr
Total Income ₹8,256.5 Cr ₹8,300 Cr ₹8,271.1 Cr ₹8,142.7 Cr ₹7,818.8 Cr ₹7,631.3 Cr ₹7,579.1 Cr ₹7,439.4 Cr ₹7,301.7 Cr ₹7,297.9 Cr ₹7,229.7 Cr ₹7,132.4 Cr
Cost of Materials Consumed ₹4.6 Cr ₹2.6 Cr ₹70 Lakh ₹1.4 Cr ₹3.8 Cr ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Employee Benefit Expense ₹230.1 Cr ₹229.1 Cr ₹205 Cr ₹213.3 Cr ₹220.3 Cr ₹216.7 Cr ₹207.2 Cr ₹197.1 Cr ₹203.1 Cr ₹198.5 Cr ₹195.7 Cr ₹185 Cr
Finance Costs ₹468.9 Cr ₹487 Cr ₹462.4 Cr ₹396.5 Cr ₹359.7 Cr ₹254.6 Cr ₹417.5 Cr ₹408.2 Cr ₹126.7 Cr ₹10.7 Cr ₹246.4 Cr ₹351.6 Cr
Depreciation & Amortisation ₹1,837.3 Cr ₹1,797.5 Cr ₹1,800.2 Cr ₹1,703.8 Cr ₹1,692.5 Cr ₹1,568 Cr ₹1,579.6 Cr ₹1,559.9 Cr ₹1,564 Cr ₹1,595.1 Cr ₹1,525 Cr ₹1,371.5 Cr
Other Expenses ₹3,355.5 Cr ₹3,365.6 Cr ₹3,328 Cr ₹3,497.1 Cr ₹3,183 Cr ₹376.2 Cr ₹2,395.8 Cr ₹2,681.9 Cr ₹2,918.7 Cr ₹3,416.2 Cr ₹3,515.3 Cr ₹3,411 Cr
Total Expenses ₹5,896.4 Cr ₹5,881.8 Cr ₹5,796.3 Cr ₹5,812.1 Cr ₹5,459.3 Cr ₹2,415.5 Cr ₹4,600.1 Cr ₹4,847.1 Cr ₹4,812.5 Cr ₹5,220.5 Cr ₹5,482.4 Cr ₹5,319.1 Cr
Profit Before Exceptional Items & Tax ₹2,360.1 Cr ₹2,418.2 Cr ₹2,474.8 Cr ₹2,330.6 Cr ₹2,359.5 Cr ₹5,215.8 Cr ₹2,979 Cr ₹2,592.3 Cr ₹2,489.2 Cr ₹2,077.4 Cr ₹1,747.3 Cr ₹1,813.3 Cr
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹2,360.1 Cr ₹2,418.2 Cr ₹2,474.8 Cr ₹2,330.6 Cr ₹2,359.5 Cr ₹5,215.8 Cr ₹2,979 Cr ₹2,592.3 Cr ₹2,489.2 Cr ₹2,077.4 Cr ₹1,747.3 Cr ₹1,813.3 Cr
Total Tax Expense ₹570.7 Cr ₹643.8 Cr ₹638.2 Cr ₹596.2 Cr ₹583 Cr ₹1,218.8 Cr ₹756.6 Cr ₹665.9 Cr ₹635.8 Cr ₹536 Cr ₹452 Cr ₹462.4 Cr
Net Profit ₹1,789.4 Cr ₹1,774.4 Cr ₹1,836.6 Cr ₹1,734.4 Cr ₹1,776.5 Cr ₹3,997 Cr ₹2,222.4 Cr ₹1,926.4 Cr ₹1,853.4 Cr ₹1,541.4 Cr ₹1,295.3 Cr ₹1,350.9 Cr
Other Comprehensive Income ₹2 Cr ₹0 -₹2.7 Cr ₹0 -₹1.8 Cr ₹0 -₹1.2 Cr ₹0 ₹70 Lakh ₹0 -₹3.9 Cr ₹0
Total Comprehensive Income ₹1,791.4 Cr ₹1,774.4 Cr ₹1,833.9 Cr ₹1,734.4 Cr ₹1,774.7 Cr ₹3,997 Cr ₹2,221.2 Cr ₹1,926.4 Cr ₹1,854.1 Cr ₹1,541.4 Cr ₹1,291.4 Cr ₹1,350.9 Cr
EBITDA (computed) ₹4,666.3 Cr ₹4,702.7 Cr ₹4,737.4 Cr ₹4,430.9 Cr ₹4,411.7 Cr ₹7,038.4 Cr ₹4,976.1 Cr ₹4,560.4 Cr ₹4,179.9 Cr ₹3,683.2 Cr ₹3,518.7 Cr ₹3,536.4 Cr
Basic EPS ₹6.78 ₹6.73 ₹6.96 ₹6.57 ₹6.73 ₹15.15 ₹8.30 ₹7.15 ₹6.88 ₹5.72 ₹4.81 ₹5.01
Diluted EPS ₹6.78 ₹6.73 ₹6.96 ₹6.57 ₹6.73 ₹15.15 ₹8.30 ₹7.15 ₹6.88 ₹5.72 ₹4.81 ₹5.01
Latest 12 quarters shown of 24 on record.
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Shareholding Pattern of Indus Towers Limited

As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 51.26%, foreign institutional investors hold 25.09%, domestic institutional investors hold 19.68%, retail and other public shareholders hold 3.94% of Indus Towers Limited. The company had 335,735 shareholders on record.

Promoters: 51.26%DII (Domestic Institutional): 19.68%FII (Foreign Institutional): 25.09%Retail & Others: 3.94%
Mar 2026
QUARTER
51.26% Promoters
19.68% DII (Domestic Institutional)
25.09% FII (Foreign Institutional)
3.94% Retail & Others
Promoter holding - history
Now 51.26% · Mar 2026High 71.96% · Sep 2016Low 50.00% · Dec 2024
49%55%61%67%73%Dec 2015Jun 2018Nov 2020Mar 2023Sep 2025Dec 2015: 71.70%Mar 2016: 71.70%Jun 2016: 71.70%Sep 2016: 71.96%Dec 2016: 71.96%Mar 2017: 61.65%Jun 2017: 61.65%Sep 2017: 58.00%Dec 2017: 53.51%Mar 2018: 53.51%Jun 2018: 53.51%Sep 2018: 53.51%Dec 2018: 53.51%Mar 2019: 53.51%Jun 2019: 53.51%Sep 2019: 53.51%Dec 2019: 53.51%Mar 2020: 53.51%Jun 2020: 53.51%Sep 2020: 53.51%Nov 2020: 64.85%Dec 2020: 69.85%Mar 2021: 69.85%Jun 2021: 69.85%Sep 2021: 69.85%Dec 2021: 69.85%Mar 2022: 67.49%Jun 2022: 68.81%Sep 2022: 69.00%Dec 2022: 69.00%Mar 2023: 69.00%Jun 2023: 69.00%Sep 2023: 69.00%Dec 2023: 69.00%Mar 2024: 69.00%Jun 2024: 52.01%Sep 2024: 53.01%Dec 2024: 50.00%Mar 2025: 50.00%Jun 2025: 50.00%Sep 2025: 51.03%Dec 2025: 51.03%Mar 2026: 51.26%71.96%50.00%51.26%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters51.26%51.03%51.03%50.00%50.00%50.00%
Public48.71%48.93%48.93%49.96%49.96%49.96%
Employee Trusts0.04%0.04%0.04%0.03%0.03%0.04%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016
Promoters51.26%50.00%69.00%69.00%67.49%69.85%53.51%53.51%53.51%61.65%71.70%
Public48.71%49.96%30.97%30.98%32.49%30.15%46.45%46.45%46.45%38.30%28.22%
Employee Trusts0.04%0.03%0.04%0.03%0.02%0.01%0.04%0.03%0.04%0.05%0.08%
Promoter change (YoY, %pts)+1.26-19.00+0.00+1.51-2.36+16.34+0.00+0.00-8.14-10.05-

Board & Governance of Indus Towers Limited

As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Indus Towers Limited has 11 directors - 4 independent and 1 executive. The board is chaired by Dinesh Kumar Mittal.

DirectorPositionOn board sinceListed boards
Dinesh Kumar Mittal Non-Executive - Independent Director · Chairperson 2024-04-01 4
Anita Kapur Non-Executive - Independent Director 2018-01-17 2
Gopal Vittal Non-Executive - Non Independent Director 2020-11-19 2
Harjeet Singh Kohli Non-Executive - Non Independent Director 2020-11-19 1
Jagdish Saksena Deepak Non-Executive - Non Independent Director 2024-08-01 3
Prachur Sah Executive Director · CEO-MD 2023-01-03 1
Rajan Bharti Mittal Non-Executive - Non Independent Director 2016-01-27 5
Rakesh Bharti Mittal Non-Executive - Non Independent Director 2025-01-20 2
Ramesh Abhishek Non-Executive - Independent Director 2023-01-03 3
Sharad Bhansali Non-Executive - Independent Director 2020-11-19 2
Soumen Ray Non-Executive - Non Independent Director 2025-01-20 2
Board Committees
CommitteeMembers
Audit Committee Anita Kapur (Chairperson), Sharad Bhansali, Ramesh Abhishek, Soumen Ray
Nomination and remuneration committee Sharad Bhansali (Chairperson), Dinesh Kumar Mittal, Rajan Bharti Mittal, Ramesh Abhishek
Stakeholders Relationship Committee Sharad Bhansali (Chairperson), Rajan Bharti Mittal, Anita Kapur
Risk Management Committee Anita Kapur (Chairperson), Sharad Bhansali, Ramesh Abhishek, Soumen Ray
Corporate Social Responsibility Committee Ramesh Abhishek (Chairperson), Dinesh Kumar Mittal, Rakesh Bharti Mittal
ESG Committee Ramesh Abhishek (Chairperson), Prachur Sah, Jagdish Saksena Deepak

Group Structure of Indus Towers Limited

Indus Towers Limited has 1 subsidiary company. This group structure data is as of FY 2023. The corporate group structure reflects Indus Towers Limited's business expansion strategy and organizational complexity.

1
Subsidiary companies
Key Subsidiaries
Company Name CIN Shares Held
Smartx Services Limited U64202DL2015PLC285515 -

Showing major subsidiaries. Total: 1.

Charges & Borrowings of Indus Towers Limited

Open charges
₹0
Satisfied charges
₹8,100 Cr
Breakdown by lending institutions
Infrastructure Development Finance Company Limited₹6,600.00 Cr
Others₹1,500.00 Cr
Latest charge details
DateLenderAmountStatus
28 Jan 2013 Others ₹1,500 Cr Satisfied
04 Dec 2009 Infrastructure Development Finance Company Limited ₹6,600 Cr Satisfied

Total charge records: 2 View all charges

Employees and EPFO Compliance at Indus Towers Limited

Indus Towers Limited has a workforce of 3,630 employees as of Apr 06, 2024.

Employee count
3,630
Active EPFO establishments
2
Employee growth
6.67%
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of Indus Towers Limited

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Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
Year-wise workforce analytics & attrition trends
PF exemption, coverage & compliance verification

GST Compliance of Indus Towers Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of Indus Towers Limited

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GSTIN registrations & state-wise presence
Filing compliance - GSTR-1, GSTR-3B, GSTR-9
HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for Indus Towers Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of Indus Towers Limited

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Credit rating history across CARE, ICRA, Brickwork & India Ratings
Instrument-wise ratings, outlook & action timeline
Court-wise litigation (District, High Court, Supreme Court, NCLT)
Group company & common directorship litigation
Statutory compliance alerts (GSTIN, EPFO, ROC)
Director & company violations (MCA, SEBI, Banks, BSE/NSE)

MSME Payment Delays by Indus Towers Limited

MSME Payment Delays by Indus Towers Limited

Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.

Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of Indus Towers Limited

Subsidiaries & Group Companies of Indus Towers Limited

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Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of Indus Towers Limited

MCA Filings & Documents of Indus Towers Limited

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Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on Indus Towers Limited

Activity
29 Aug 2025
Indus Towers Limited last Annual general meeting of members was held on 29 Aug 2025 as per latest MCA records.
Activity
31 Mar 2025
Indus Towers Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi.
Directors
20 Jan 2025
Rakesh Bharti Mittal was appointed as a Director on 20 Jan 2025 & has been associated with this company since 1 year 5 months.
Directors
20 Jan 2025
Soumen Ray was appointed as a Director on 20 Jan 2025 & has been associated with this company since 1 year 5 months.
Directors
01 Aug 2024
Jagdish Saksena Deepak was appointed as a Director on 01 Aug 2024 & has been associated with this company since 1 year 11 months.
Directors
01 Apr 2024
Dinesh Kumar Mittal was appointed as a Director on 01 Apr 2024 & has been associated with this company since 2 years 3 months.

Frequently Asked Questions about Indus Towers Limited

Indus Towers Limited is an active public limited company in the telecom sector based in Gurugram, Haryana, India. It was incorporated on 30 November 2006 (20+ years old) and is registered under CIN L64201HR2006PLC073821. Listed on BSE: 534816 and NSE: NDUSTOWER. The company has 3,630 employees.

Indus Towers Limited reported revenue of ₹30,469 Cr for FY 2025 (up 5.00% YoY).

The primary industry of Indus Towers Limited is telecom. The company specifically operates in telecom infrastructure. The company is currently active in this sector.

Yes. Indus Towers Limited is listed on both BSE (code: 534816) and NSE (symbol: NDUSTOWER).

Indus Towers Limited can be reached at the registered office: Building No. 10 Tower A 4Th Floor Dlf Cyber City, Gurugram, Haryana, India – 122002, or through the website industowers.com.

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