INDIA'S LEADING TELECOM tower company, Indus Towers created after the merger of Bharti Infratel with the erstwhile Indus Towers - grew at a tearing pace during FY22. Net revenues nearly doubled to ₹27,717 crore, while profit rose 68.65% to ₹6,373 crore, making it India's 35th most profitable company this year. With 188,447 towers and 335,791 co-locations, Indus is the second-largest telecom tower company globally outside of China after American Tower Corporation (223,000 towers).
The sharp rise in total income helped Indus rise 34 ranks to 67 in the Fortune 500 India listing this year. The company provides passive telecom infrastructure and deploys, owns, and manages telecom towers and communication structures, for mobile operators.
The company did not respond to queries from Fortune India.
There are two reasons driving the growth in Indus Towers. First, there has been a sharp upsurge in mobile data usage over the past two years in the country as people were locked down at home due to the pandemic. Average data traffic per smartphone in India at 20GB per month in 2021 is among the highest in the world and is expected to touch 50GB a month in 2027, growing at a CAGR of 16% according to the Ericsson Mobility Report, 2022. Some of that future growth will be driven by the adoption of 5G services, which has just been launched in the country.
This story is from the December 2022 edition of Fortune India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 2022 edition of Fortune India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
MEMENTO Mori
JEWELRY can be deeply PERSONAL. LEAH CHERNIKOFF reflects on a NECKLACE that represents LIFE and LOSS.
The AUDACITY of LORRAINE O'GRADY
At 89, the eternally PUNK-ROCK PERFORMANCE and CONCEPTUAL ARTIST still gets a kick out of CRASHING art-world parties. Only now she's the GUEST of HONOR.
REGINA'S Resolve
REGINA KING on LEARNING to LIVE with LOSS, the LEGACY of SHIRLEY CHISHOLM, and finding a WAY FORWARD
Keep It MOVING
COMMUTER-CORE has become more than a VIRAL TREND, as designers meet the NEEDS of our BACK-to-OFFICE lifestyles
ALL Aboard
LUXURY TRAINS offer a uniquely NOSTALGIC way to SLOW DOWN and ENJOY the RIDE
IN CONVERSATION - JESSICA LANGE and PAULA VOGEL
Actor JESSICA LANGE and playwright PAULA VOGEL on their new BROADWAY PRODUCTION, MOTHER PLAY, creating and portraying COMPLICATED WOMEN, and the FUTURE of THEATER
What PADMA Wants
After almost two decades of TOP CHEF, the beloved HOST and cookbook AUTHOR is figuring out WHAT COMES NEXT
Doing Things the Right Way
Retired Super Bowl Winning Head Coach Mike Shanahan Stays Connected to the Game
Embracing Energy Management
How San Diego-based Lightworks is Supporting Savant's Vision for Smart Home Power
A Real Sliding Doors Moment
My Experience Installing the SmartSlydr Motorized Sliding Glass Door Opener
Expanding a Lighting Lineup
DMF Launches Enhanced iX Series and DALI Controlled Light Modules
Creating Better Proposals
How Specifi IO’s New Proposal Tool was Built for the CI Channel
A Smart Home Dashboard
Savant Introduces Home Manager Dashboard with System Visibility for Homeowners
Pop-up Laser TV
Screen Innovations Adds Motorized Ultra Short Throw Projector Lift
Elevating Service and Support in NYC
Lean Business Practices Pay Off in a Tough New York Market for Elevated Integration
On to the Next Episode
Snap One Refreshes Episode Home Theater Speaker Line with New Materials and Capabilities
Mike Shanahan's Super Bowl Caliber Integrated Home
Tyson Rabani, owner of Denverbased custom integrator QAV, was introduced to Mike Shanahan and his wife Peggy as a referral from their home’s builder.
The Strength of Consumer Tech Spending
Enthusiasm for Connected Devices Rises in the Face of Economic Difficulty
Designing Immersive Luxury Environments
The Lutron Luxury Experience App Enables Users to Take an Immersive, Virtual Journey Through Lutron Lighting, Shades, and Controls.
Choosing the Best Streaming Service
Balancing the Correct Combination of Devices and Content Sources Based on Your Viewing Preferences
Automating Gas Fireplace Control
How Bond Bridge, Shelly, or Aqara FP2 Can Help Fulfill a Common Integration Request
A Quantum Leap for Video Walls
Quantum Media Systems Achieves DCI Compliance of Its XDR3 LED Video Wall
Creating a Stress-Free Network
NETGEAR Launches PR460X with Insight Remote Cloud Management
Don't Come To My Meeting
As CEO, I've created an unusual meeting policy at my company. It helps build a culture of respect, agency - and substantial productivity, too.
What's Your Ghost Job?
It's one of your five jobs. And if you want to find meaning at work, you must identify all of them.
When Life Is Preparation
Vanesa Ellis was no expert on mosquitoes or lawn care. But as it turns out, something else made her the perfect fit for two home-care franchise brands.
Serving the Underserved
When Dennis Johnson opened a Pizza Ranch in Minnesota, he hoped to serve the nearby Native American communities in more ways than one.
green goddess
Legendary supermodel Amber Valletta turns to designer Ross Cassidy to help craft a truly sustainable new home in LA
CITY OF TOMORROW
As Copenhagen builds on its sustainable success, architect Dan Stubbergaard is championing innovative public spaces and neighborhoods for generations to come
CALI HIGH
Architect Cayley Lambur transforms an iconic Big Sur property into a multigenerational haven that nurtures work and life