Integrated Report and Annual Financial Statements 2022-23
Bharti Airtel Limited
At Airtel, our vision for a connected, shared future lies at the convergence of our unbridled customer obsession and our relentless pursuit of technological innovation. It creates a symphony of unparalleled connectivity, convenience and experience while enhancing our competitive edge in a dynamic world.
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We were founded with the goal of unleashing the world of possibilities and opportunities that existed in communications globally.
Over the years of our existence, we have been able to establish ourselves as one of the largest homegrown consumer brands and integrated communications provider in India.
Read MoreCountries of presence
Customers
Total employees globally
Indian population covered
Global rank in terms of consolidated mobile connections
Our strategic
priorities
Our business segments
Consolidated
Revenue
19%
EBITDA
23%
Net profit
96%
Standalone
Revenue
20%
EBITDA
25%
India
Bangladesh
Africa
Sri Lanka
Improved Sustainalytics Ratings
Upgrade in CDP Ratings
Upgrade in MSCI Ratings
Dear stakeholders
I am delighted to share that Airtel achieved the highest-ever market share in India, across its segments, be it in B2C or B2B businesses. Strong operating leverage through continued focus on operational excellence has resulted in robust operating cash flow generation. This keeps us steady, and on the path towards making our balance sheet stronger.
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Sunil Bharti Mittal Chairman
Dear stakeholders
If you look back, the reputation of our industry has been built on the back of the billions of dollars invested to create a digital backbone, that has enabled the country to stay connected. Airtel alone has invested USD 50 Bn+. 99 percent of India is now covered with high speed 4G networks. Whole industries have been built on the back of 4G–be it ride sharing, food delivery, e-commerce, video streaming, payments, all of them.
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Gopal Vittal Managing Director & CEO
We offer host of services including post-paid, prepaid, roaming, internet and various value-added offerings
(` Mn)
Our Direct-To-Home (DTH) platform provides a wide range of digital TV services, including standard and high definition (HD) options with 3D capabilities and immersive Dolby surround sound.
(` Mn)
We deliver fixed-line telephone and broadband services to households across 1,199 cities throughout India, including our partnership with Local Cable Operators (LCOs).
(` Mn)
As India's leading and trusted provider of ICT services, we offer a diverse portfolio of services to enterprises, governments, carriers and small to medium-sized businesses. Within connectivity.
(` Mn)
At Airtel, we prioritise driving sustainability and growth across our business. We are dedicated to strategically optimising operational expenditures, ensuring prudent capital allocation and fostering a resilient operating cash flow. We duly acknowledge the significance of Financial Capital as a pivotal cornerstone in our business framework.
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We rely on a robust network infrastructure that is technologically advanced and environmentally friendly. By investing in the latest technologies and innovative solutions, we ensure our infrastructure is future ready, resulting in a seamless customer experience. With India's rapid transformation into a leading digital economy, we, at Airtel, recognise the importance of expanding our infrastructure and spectrum portfolio.
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Our digital talent, technology-driven brand, strong three-layered digital foundation and strategic collaborations and partnerships with innovationdriven global players, form the key pillars of Material topics included our Intellectual Capital.
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We, at Airtel, believe that we have best-in-class talent in our organisation. We aim to create long-term value for our people while keeping diversity, inclusivity and employee wellbeing at the core. Aligned with the business goals, our human capital development pathway focuses towards building meaningful careers, developing impactful leadership capabilities and delivering a superior employee experience.
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We have established and fostered strong connections with various stakeholders, including customers, communities, governments, distributors and suppliers. The strength of our social partnerships and stakeholder relationships is crucial in meeting the needs of a new generation of customers.
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At Airtel, we are dedicated to ethical and sustainable development while also protecting, preserving, and regenerating the environment and generating value for our stakeholders. We support and encourage the adoption of environmentally friendly and cost-effective technology and energy sources. Our commitment to implementing sustainable practices in our operations and throughout the value chain is reinforced by our environment, health, and safety policy.
Read MoreThe stakeholder engagement process has been tailored to promote a culture of ongoing engagement with every stakeholder group and build a positive relationship with them. The formal engagement process begins with identifying, analysing, and prioritising different stakeholder groups.
Stakeholder Identification And Prioritisation
Stakeholder Engagement
Understanding Stakeholder Concerns
Develop Strategic Response
As a responsible organisation, Airtel considers ‘Sustainability’ as an integral part of its business strategy and is committed to create long-term value for all stakeholders through sustainable business practices.
…is to be a globally renowned Environmentally conscious, Socially responsible and Governance-led Company by implementing leading ESG practices and transparent reporting.
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Bharti Airtel has achieved global success through a culture of innovation and high performance. As we explore new markets, embrace emerging technologies, forge strategic partnerships, and introduce innovative products, we recognise the accompanying risks and uncertainties.
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Bharti Foundation, the philanthropic arm of Bharti Enterprises, was established in 2000 to bring forth a transformational change in the field of education and have a positive impact on the lives of children from rural parts of India. Since its inception, the Foundation has been working closely with state governments, policymakers, NGOs, corporates and communities, and has earned respect by providing equitable access to quality education for underprivileged children in India with a special focus on the girl child.
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