About Company

• The Company was originally incorporated in 1995 as ‘Hexacom India Ltd’. In 2004, the name of the Company was changed to ‘Bharti Hexacom Ltd’ when Airtel acquired a majority equity interest in the Company. Airtel owns 70%, while the Government of India through Telecommunications Consultants India Ltd (TCIL) owns 30% of the company’s equity share capital.
• Bharti Hexacom is communications solutions provider offering consumer mobile services, fixed-line telephone and broadband services to customers in the Rajasthan and the North-East telecommunication circles in India.
• Bharti Hexacom holds telecommunication licenses and spectrum in its two circles.  It has spectrum portfolio with varied pool of mid band spectrum (1800/2100/2300 MHz bands). None of the existing spectrum expires before the year 2030, and the validity of the spectrum pool ranges between the years 2030 and 2042.
• The company’s revenue market share in the North-East circle was 52.7% and in the Rajasthan circle it was 40.4% during the nine months ended December 31, 2023. In North-East Circle, it was number one during the nine months ended December 31, 2023, and Fiscals 2023 and 2022, while in Rajasthan Circle it was at second position during the nine months ended December 31, 2023.
• Bharti Hexacom was present at 486 census towns and had an aggregate of 27.1 million customers across both the circles. The company’s customer market share has grown consistently in Rajasthan from 33.1% as of March 31, 2021, to 35.0% as of December 31, 2023, and in the North-East from 43.6% to 49.8% during the same period.
• The company has increased its ARPU for mobile services from ? 135 for Fiscal 2021 to ? 155 for Fiscal 2022 to ?185 for Fiscal 2023 and to ? 197 for the nine months ended December 31, 2023.
• The company utilized 24,874 network towers, of which it owned 5,092 towers and leased the remaining 19,782 towers, as of December 31, 2023. Over the years, the company successfully re-farmed 2100Mhz spectrum and deployed it for 4G to enhance network capacity and improve user experience.

Strengths

Competitive Strength 

• Established Leadership and Large Subscriber Base;

• Presence in Markets with Growth Potential;

• Strong Parentage and Established Brand;

• Building a Future Ready Network;

• Extensive Distribution and Service Network;

• Experienced Management Team.

 Business Strategies 

• Grow Revenue by Focusing on Acquiring and Retaining Quality Customers;

• Expand Network Coverage;

• Deliver Brilliant Customer Experience through an Omnichannel Approach and Extensive Use of Data Science;

• Improve its Cost Efficiencies.

Company Promoters

Company Financials

Bharti Hexacom Limited Financial Information (Restated Standalone)

Bharti Hexacom Limited's revenue increased by 22.3% and profit after tax (PAT) dropped by -67.2% between the financial year ending with March 31, 2023 and March 31, 2022.

Objects of the Issue

1. To carry out the Offer for Sale of up to 75,000,000 Equity Shares by the Selling Shareholder; and
2. Achieve the benefits of listing the Equity Shares on the Stock Exchanges.