Company lists
The India edition · 2026

Telecomcompanies in India

Operators, infrastructure, equipment, OSS/BSS software, VAS & communication and more: the companies building telecom in India, with their founders, funding, team size and business models.

1,525 company profiles659 with reported revenue33 with recorded fundingSeptember 2026 edition
India · Photo: Wikimedia Commons (CC BY-SA 4.0)

Recent telecom business events in India

Funding, M&A, contract wins and launches involving 2,119 telecom companies in India, last 24 months: 273 Contracts · 68 M&A deals · 40 launches · 31 funding rounds. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

M&AAcquisition · Announced

Elation health acquires Aster

Elation Health, the clinical-first technology platform for modern primary care success, today announced the acquisition of Aster, an AI-native EHR focused on women's health.

Healthcare Technology
M&AAcquisition · Announced

Bharti Airtel acquires Airtel africa

The law firm, AZB & Partners, advised Bharti Airtel Limited in relation to a share swap deal with Indian Continent Investment Limited, Mauritius for the acquisition of stake in Airtel…

Telecommunications
ContractTechnology

Gilat satellite networks · client: Nelco

Gil­at Satellite Networks Ltd. (NASDAQ: GILT , TASE: GILT ), a worldwide leader in satellite networking technology, solutions, and services, today announced that it received a…

Satellite Communications
ContractGovernment

Railtel corporation of india · client: Government of karnataka

RailTel has received a work order from the Additional Commissioner for Transport (Enforcement), Government of Karnataka for the implementation of an Intelligent Traffic Management System…

Digital infrastructure, smart mobility, traffic monitoring
FundingDebt

Vodafone idea

A consortium of lenders led by the State Bank of India (SBI) is considering extending Rs 25,000 crore in debt funding to Vodafone Idea, signalling improved lender confidence following…

Telecom
ContractSupply

Bondada Engineering · client: Ambuja cements

Bondada Engineering, a Hyderabad-based engineering, procurement, and construction company, has secured multiple orders worth ₹1.25 billion (~$13.22 million) for a 75 MW solar project in…

Solar
ContractSupply

Bondada Engineering · client: Adani Ports and Special Economic Zone

Bondada Engineering, a Hyderabad-based engineering, procurement, and construction company, has secured multiple orders worth ₹1.25 billion (~$13.22 million) for a 75 MW solar project in…

Solar
ContractSupply

Pace Digitek · client: NEC XON Systems Proprietary Limited

Pace Digitek shares rose ~5% after the company signed an Africa-focused BESS distribution deal with NEC XON Systems Proprietary Limited, giving it market access across five countries and…

Energy Storage
ContractSupply

NEC XON Systems Proprietary Ltd · client: Pace Digitek

Telecom passive infrastructure solutions provider Pace Digitek Ltd on Thursday said it has entered into an Original Equipment Manufacturer exclusivity agreement with NEC XON Systems…

Telecommunications
LaunchReliance Jio Rs 500 Plan

Reliance jio

Reliance Jio Rs 500 Plan Bundles YouTube Premium

Telecom Plan
LaunchCloudLyte

Tata communications

Tata Communications today unveiled its fully automated computing platform CloudLyte.

Platform
ContractService

Railtel corporation of india · client: Uttar Pradesh Police Recruitment and Promotion Board

RailTel's Rs 43.96 crore order from UP Police Recruitment Board to provide security-related ancillary services during recruitment examinations.

Security Services
ContractSupply

Hfcl · client: Na

HFCL also announced that it has entered into a five-year supply agreement with a customer for the supply of high-quality, high-fibre-count Optical Fiber Cables (OFC) through its overseas…

Telecommunications Infrastructure
ContractTechnology

Aarav solutions · client: Ishan technologies

Ishan Technologies, one of India’s fastest-growing ICT providers serving over one million users nationwide, has selected Aarav Solutions to lead comprehensive OSS/BSS transformation on…

Telecommunications
LaunchIZO™ DC Dynamic Connectivity

Tata communications

Tata Communications today redefined resilience for the global digital economy with the launch of IZO™ Data Centre* Dynamic Connectivity, a software‑defined platform designed to transform…

Software‑defined network platform
M&AAcquisition · Completed

Braiin acquires Vis networks

Following its recent listing on Nasdaq with an approximate market capitalisation of $1.62 billion (~INR 14,500 Crore) (as on 26th Mar 2026), global artificial intelligence and digital…

Customer Experience (CX) solutions
M&AAcquisition · Completed

Waaree energies acquires Associated power structures

Over the past year, the company directly or through its subsidiaries acquired a majority stake in transformer manufacturer Kotsons Pvt Ltd, transmission towers maker Associated Power…

Transmission Towers
Funding

Wiom

Through 2025, the technology investor deployed $675 million in companies such as Urban Company, PayU, Rapido, Ixigo, Wiom, Deccan AI, CodeKarma, and Arivihan.

Investors Prosus
ContractInfrastructure

Pace Digitek · client: North Western Railway

Pace Digitek Limited has announced the receipt of a significant contract valued at ₹226.42 million, inclusive of GST, from North Western Railway.

Infrastructure
ContractSupply

Avantel ltd · client: M/s. Zetwerk Manufacturing Businesses Limited

Rate Contract worth of Rs.459.90 Crore (Rupees Four Hundred Fifty-Nine Crore and Ninety Lakh Only) exclusive of taxes, vide Contract Ref No: ZMBL/Avantel/RTIS/01255079A/01, mail dated…

Technology
FundingPre-Series A

Velmenni

Velmenni secured about $3.3 million in a pre-Series A round led by pi Ventures.

Investors Pi ventures
DeepTech
ContractSupply

Hfcl · client: A global multinational corporation

HFCL said it has entered into a five-year supply agreement with a customer for the supply of high-quality, high-fibre-count Optical Fibre Cables (OFC) through its overseas, wholly owned…

Telecommunications
LaunchNGAGE for Enterprises

Comviva

Comviva has announced the launch of NGAGE for Enterprises, a next-generation communications platform as-a-service (CPaaS) platform designed to help enterprises deliver seamless, secure,…

Communications platform as a service (CPaaS)
M&AAcquisition · Announced

Sar televenture acquires Grand foundry

SAR Televenture Limited has announced a mandatory open offer to acquire additional equity shares of Grand Foundry Limited following its agreement to purchase a controlling 70.17% stake…

ContractSupply

Nec corporation · client: Tejas networks

Tejas Networks (BSE: 540595) (NSE: TEJASNET) today announced that it has signed an agreement with NEC Corporation to manufacture and supply 5G massive MIMO radios.

Telecommunications
ContractSupply

Tejas networks · client: Nec corporation

Tejas Networks (BSE: 540595) (NSE: TEJASNET) today announced that it has signed an agreement with NEC Corporation to manufacture and supply 5G massive MIMO radios.

Telecommunications
Funding

Tejas networks

We would like to inform you that Tejas Networks Limited (‘the Company’) has on February 18, 2026, received an amount of Rs. 69.9658 Crore (Rupees Sixty-Nine Crore Ninety-Six Lakh…

Investors Ministry of communications
Telecom and Networking Products
M&AAcquisition · Announced

Bharti Airtel acquires Indus towers

Bharti Airtel, the promoter of Indus Towers, has further strengthened its control over the telecom infrastructure company by acquiring additional shares in the open market.

Telecom Infrastructure

Telecom companies in India, by revenue

Browse telecom companies in India by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 659 telecom companies in India that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

Global telecommunications company

Telecom operators
₹151,417.80 crFY 2023-24
Not reported
99,843+10% 12 mo to Mar 2024LinkedIn · Jul 2026
31 yr1995
78postings · last posted Sep 2026

Provider of telecommunication services

Telecom operators
₹115,088.00 crFY 2024-25
+14%2024–2025
99,901+4% 12 mo to Nov 2023LinkedIn · Jul 2026
16 yr2010
0none in 3 months

Provider of mobile telecommunication and wireless internet services

Telecom operators
₹44,591.90 crFY 2024-25
+4%2024–2025
38,180+6% 12 mo to Mar 2024LinkedIn · Jul 2026
8 yr2018
51postings · last posted Aug 2026

Online platform for tower infrastructure and services

Telecom infrastructure
₹30,468.60 crFY 2024-25
+5%2024–2025
1,847-47% 12 mo to Jul 2024LinkedIn · Jul 2026
20 yr2006
0none in 3 months

Provider of international roaming, telephone, wifi, and broadband services

Telecom operators
₹23,446.15 crFY 2024-25
+10%2024–2025
11+97766% vs previous recordLinkedIn · Jul 2026
26 yr2000
0none in 3 months

Provider of engineered solutions for fluid transfer, control, and atomization

Telecom infrastructure
₹18,768.00 crFY 2024-25
+11%2024–2025
—Not available
8 yr2018
0none in 3 months

Provider of wireless telecommunication infrastructure services

Telecom infrastructure
₹13,729.00 crFY 2024-25
+7%2024–2025
74-1% 12 mo to Jun 2024LinkedIn · Jul 2026
13 yr2013
0none in 3 months

Provider of mobile telephony, broadband internet, and other related services

Telecom operators
₹7,337.50 crFY 2023-24
Not reported
—Not available
31 yr1995
—No postings tracked

Provider of telecom equipment and fiber cables

Telecom operators
₹4,122.28 crFY 2024-25
-10%2024–2025
3,823+8% 12 mo to Jul 2024LinkedIn · Jul 2026
39 yr1987
0none in 3 months · last posted Feb 2026

Copper and optical telecommunication cables

Telecom infrastructure tech
₹4,072.98 crFY 2024-25
-1%2024–2025
1,669-4% 12 mo to Sep 2024LinkedIn · Jul 2026
43 yr1983
0none in 3 months

Provider of fibre optic internet and public WiFi network services

Telecom operators
₹3,551.04 crFY 2024-25
+35%2024–2025
353-1% 12 mo to Sep 2024recorded Sep 2024
26 yr2000
0none in 3 months

Multi system operator providing cable TV and internet service.

Tv broadcasting services
₹3,507.23 crFY 2024-25
+8%2024–2025
2,573-55% vs previous recordLinkedIn · Jul 2026
20 yr2006
4postings · last posted Aug 2026

Manufacture of radio, television, communication equipment, and related apparatus

Telecom end user equipment and services
₹2,676.57 crFY 2024-25
+4%2024–2025
133-20% 12 mo to Sep 2024recorded Sep 2024
18 yr2008
0none in 3 months

Provider of telecom infrastructure and allied services

Telecom infrastructure
₹2,580.20 crFY 2024-25
+19%2024–2025
386-11% 12 mo to Apr 2024LinkedIn · Jul 2026
24 yr2002
0none in 3 months

Provider of power management and optic fiber laying solutions

Telecom infrastructure
₹2,462.20 crFY 2024-25
+0%2024–2025
512LinkedIn · Jul 2026
19 yr2007
2postings · last posted Sep 2026

Engineering services company with a focus on telecom infrastructural solutions

Telecom infrastructure
₹1,579.75 crFY 2024-25
+97%2024–2025
175recorded
14 yr2012
0none in 3 months

Manufacturing and retailing mobile brands and other telecommunication products

Telecom infrastructure
₹1,546.15 crFY 2023-24
Not reported
47-13% 12 mo to Mar 2023recorded Mar 2023
33 yr1993
—No postings tracked

Provider of broadband internet, fixed telephony, mobile, and other telecommunication services

Telecom operators
₹1,373.10 crFY 2023-24
Not reported
2,920-4% 12 mo to Sep 2024LinkedIn · Jul 2026
40 yr1986
—No postings tracked

Passive infrastructure to wireless operators

Telecom infrastructure
₹1,365.69 crFY 2024-25
-4%2024–2025
1,012+10% 12 mo to Sep 2024LinkedIn · Jul 2026
22 yr2004
0none in 3 months

Fixed line and wireless internet services provider

Telecom operators
₹1,169.75 crFY 2021-22
Not reported
636LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Passive infrastructure for wireless telecommunications

Telecom infrastructure
₹1,299.30 crFY 2023-24
+8%2023–2024
482-26% 12 mo to Sep 2024LinkedIn · Jul 2026
20 yr2006
0none in 3 months

Fixed-line broadband and cable TV services provider

Tv broadcasting services
₹1,211.72 crFY 2024-25
-8%2024–2025
699-28% 12 mo to Mar 2023LinkedIn · Jul 2026
32 yr1994
0none in 3 months

Manufacturer of speciality wires and cables

Telecom infrastructure
₹1,078.30 crFY 2024-25
+24%2024–2025
—Not available
24 yr2002
0none in 3 months

B2B distributor of electrical products and automation solutions

Electronic components
₹1,070.52 crFY 2024-25
+20%2024–2025
533+55% 12 mo to Feb 2024recorded Feb 2024
7 yr2019
0none in 3 months

RF and microwave sub-systems provider

Telecom infrastructure tech
₹1,068.71 crFY 2024-25
+16%2024–2025
161-89% 12 mo to Sep 2024recorded Sep 2024
33 yr1993
0none in 3 months
50 of 1,525 companies shown here · the full list is on Radar
Fliar Radar

Explore all 1,525 telecom companies in India on Radar

This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.

Open telecom in India on Radar
  • Every company, not just 50All 1,525 telecom companies in India, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
  • Save and exportBuild lists, compare companies side by side and export them from your Radar account.

Explore telecom companies in India by what you are looking for

Browse telecom companies in India, from mobile and broadband operators to tower and fibre infrastructure providers. You can also find telecom services companies, telecom equipment makers and telecom startups in India.

9 ways to explore telecom in India

Telecom operators & broadband providersTelecom infrastructure & tower companiesTelecom equipment & end-user device companiesTelecom software, OSS & BSS providersMobile VAS, VoIP & business communication companiesEnterprise networking, SD-WAN & IoT connectivity

Telecom operators & broadband providers

Mobile, broadband and internet service providers.

  1. Airtel

    Global telecommunications company

    Telecom operators
    See in list
  2. Jio

    Provider of telecommunication services

    Telecom operators
    See in list
  3. Vodafone Idea

    Provider of mobile telecommunication and wireless internet services

    Telecom operators
    See in list
  4. Bharat Sanchar Nigam

    Provider of international roaming, telephone, wifi, and broadband services

    Telecom operators
    See in list
  5. Aircel

    Aircel is a leading telecom service provider with pan-India operations.

    Telecom operators
    Website

Telecom infrastructure & tower companies

Tower, fibre and network infrastructure builders and maintainers.

  1. Bharti Infratel

    Online platform for tower infrastructure and services

    Telecom infrastructure
    See in list
  2. Jio Digital Fibre

    Provider of engineered solutions for fluid transfer, control, and atomization

    Telecom infrastructure
    See in list
  3. Summit Digitel

    Provider of wireless telecommunication infrastructure services

    Telecom infrastructure
    See in list
  4. Vindhya Telelinks

    Copper and optical telecommunication cables

    Telecom infrastructure tech
    See in list
  5. Ascend Telecom

    Provider of telecom infrastructure and allied services

    Telecom infrastructure
    See in list

Telecom equipment & end-user device companies

Makers and distributors of communication equipment, devices and cables.

  1. Abm Tele Mobiles

    Manufacture of radio, television, communication equipment, and related apparatus

    Telecom end user equipment and services
    See in list
  2. Astra Microwave Products

    RF and microwave sub-systems provider

    Telecom infrastructure tech
    See in list
  3. Safa Systems & Technologies

    Distributor of mobiles

    Telecom end user equipment and services
    See in list
  4. J K Cables

    Provider of wires and cables services

    Telecom end user equipment and services
    Website
  5. Netlink ICT

    Manufacturer of telecommunications equipment

    Telecom end user equipment and services
    Website

Telecom software, OSS & BSS providers

Billing, operations support and analytics software for telecom operators.

  1. 6D Technologies

    Provider of telecommunications solutions, including digital BSS and network management

    Oss & bss
    See in list
  2. Varanium Cloud

    Provider of cutting-edge digital & internet services

    Oss & bss
    See in list
  3. Lepton Software

    Location based analytics and intelligence solutions provider

    Oss & bss
    Website
  4. Pyro Group

    Roaming and mobile finance solutions provider

    Oss & bss
    Website
  5. Knot Solutions

    Provider of OSS & BSS solutions for telecom operators

    Oss & bss
    Website

Mobile VAS, VoIP & business communication companies

Value added services, VoIP, SMS and unified communication providers.

  1. Altruist Technologies

    Provider of mobile value added services

    Mobile vas
    See in list
  2. RTDS

    Provider of hosting and telephony services

    It services
    Website
  3. Big V

    Cloud based telephony solutions to small and medium businesses

    Telecom operators
    Website
  4. Vision Cell

    Developer of virtualization and automation software for computing and cloud services

    Telecom operators
    Website
  5. astTECS

    Provider of cloud based VoIP telephony services

    Telecom operators
    Website

Enterprise networking, SD-WAN & IoT connectivity

Enterprise networks, SD-WAN and IoT connectivity providers.

  1. Nivetti Systems

    Platform offering network operating system

    Operating systems
    Website
  2. M2M Cybernetics

    Network integration and equipment distribution services provider

    Enterprise networking
    Website
  3. Sixth Energy Technologies

    AI-enabled IoT platform for infrastructure monitoring and management

    Internet of things infrastructure
    Website
  4. Laser Telesystems

    Provider of office automation, document management, security, and maintenance services

    Telecom infrastructure tech
    Website
  5. Nexapp Technologies

    Platform delivers next-generation connectivity solutions spanning SD-WAN, Zero Trust Network Access, 4G and 5G IoT Gateways, and Enterprise WiFi for B2B, M2M, and IoT ecosystems

    Telecom infrastructure tech
    Website

Telecom startups in India

Newer telecom companies founded in the last few years.

  1. Infraakashvision

    Infra Akashvision Tower Pvt. Ltd.

    Telecom infrastructure
    Website
  2. RK Fibergrid

    Telecom infrastructure service provider offering turnkey OFC projects and network solutions

    Telecom infrastructure
    Website
  3. Shaurrya Teleservices

    Provider of telecom infrastructure and digital connectivity solutions for enterprises

    Telecom infrastructure tech
    Website
  4. Satejinnovations

    Developer of software and hardware for autonomous systems and robotics

    Enterprise networking
    Website
  5. ANPI

    Provider of software facilitating business process automation and workflow management

    Telecom infrastructure
    Website
134 companies in India

Listed telecom companies in India

Publicly traded telecom companies.

  1. Airtel

    Global telecommunications company

    Telecom operators
    See in list
  2. Vodafone Idea

    Provider of mobile telecommunication and wireless internet services

    Telecom operators
    See in list
  3. Bharti Infratel

    Online platform for tower infrastructure and services

    Telecom infrastructure
    See in list
  4. HFCL

    Provider of telecom equipment and fiber cables

    Telecom operators
    See in list
  5. Vindhya Telelinks

    Copper and optical telecommunication cables

    Telecom infrastructure tech
    See in list
56 companies in India

Telecom companies hiring in India

Telecom companies currently hiring.

  1. Airtel

    Global telecommunications company

    Telecom operators
    See in list
  2. Vodafone Idea

    Provider of mobile telecommunication and wireless internet services

    Telecom operators
    See in list
  3. HFCL

    Provider of telecom equipment and fiber cables

    Telecom operators
    See in list
  4. GTPL Hathway

    Multi system operator providing cable TV and internet service.

    Tv broadcasting services
    See in list
  5. Pace Digitek

    Provider of power management and optic fiber laying solutions

    Telecom infrastructure
    See in list
28 companies in India
Mobile reach

Top 10 telecom apps from India

The most-installed Android apps published by telecom companies headquartered in India — 1191.0M installs between them. 201 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

MyJio: For Everything Jio

by Jio

Installs887.2M
Rating4.4127.3M ratings
Installs, year on year+15%
Last updatedJun 2026
View on Google Play ↗
MyJio: For Everything Jio screenshot 1MyJio: For Everything Jio screenshot 2MyJio: For Everything Jio screenshot 3MyJio: For Everything Jio screenshot 4MyJio: For Everything Jio screenshot 5MyJio: For Everything Jio screenshot 6
2

Vi: Recharge, Payments & Games

by Vodafone Idea

Installs231.2M
Rating4.656.0M ratings
Last updatedMay 2026
View on Google Play ↗
Vi: Recharge, Payments & Games screenshot 1Vi: Recharge, Payments & Games screenshot 2Vi: Recharge, Payments & Games screenshot 3Vi: Recharge, Payments & Games screenshot 4Vi: Recharge, Payments & Games screenshot 5Vi: Recharge, Payments & Games screenshot 6
3

My Airtel - Bangladesh

by Airtel

Installs44.2M
Rating4.7886K ratings
Installs, year on year+30%
Last updatedApr 2026
View on Google Play ↗
My Airtel - Bangladesh screenshot 1My Airtel - Bangladesh screenshot 2My Airtel - Bangladesh screenshot 3My Airtel - Bangladesh screenshot 4My Airtel - Bangladesh screenshot 5My Airtel - Bangladesh screenshot 6
5

nexGTv HD

by MMWL

Installs7.0M
Rating3.3439K ratings
Last updatedOct 2023
View on Google Play ↗
nexGTv HD screenshot 1nexGTv HD screenshot 2nexGTv HD screenshot 3nexGTv HD screenshot 4nexGTv HD screenshot 5nexGTv HD screenshot 6
6

my Excitel

by Excitel

Installs2.8M
Rating3.66104K ratings
Last updatedMay 2026
View on Google Play ↗
my Excitel screenshot 1my Excitel screenshot 2my Excitel screenshot 3my Excitel screenshot 4my Excitel screenshot 5my Excitel screenshot 6
7

Wiom: रिचार्ज वाला घर का नेट

by Wiom

Installs2.6M
Rating5.0143K ratings
Last updatedJun 2026
View on Google Play ↗
Wiom: रिचार्ज वाला घर का नेट screenshot 1Wiom: रिचार्ज वाला घर का नेट screenshot 2Wiom: रिचार्ज वाला घर का नेट screenshot 3Wiom: रिचार्ज वाला घर का नेट screenshot 4Wiom: रिचार्ज वाला घर का नेट screenshot 5Wiom: रिचार्ज वाला घर का नेट screenshot 6
8

GTPL Buzz

by GTPL Hathway

Installs2.2M
Rating3.2617K ratings
Installs, year on year+15%
Last updatedJun 2026
View on Google Play ↗
GTPL Buzz screenshot 1GTPL Buzz screenshot 2GTPL Buzz screenshot 3GTPL Buzz screenshot 4GTPL Buzz screenshot 5
9

Rethink: DNS + Firewall + VPN

by RethinkDNS

Installs952K
Rating4.13K ratings
Installs, year on year+55%
Last updatedNov 2025
View on Google Play ↗
Rethink: DNS + Firewall + VPN screenshot 1Rethink: DNS + Firewall + VPN screenshot 2Rethink: DNS + Firewall + VPN screenshot 3Rethink: DNS + Firewall + VPN screenshot 4Rethink: DNS + Firewall + VPN screenshot 5Rethink: DNS + Firewall + VPN screenshot 6
10

Bharat Caller ID & Anti Spam

by BharatCaller

Installs860K
Rating—
Last updatedOct 2025
View on Google Play ↗
Bharat Caller ID & Anti Spam screenshot 1Bharat Caller ID & Anti Spam screenshot 2Bharat Caller ID & Anti Spam screenshot 3Bharat Caller ID & Anti Spam screenshot 4Bharat Caller ID & Anti Spam screenshot 5Bharat Caller ID & Anti Spam screenshot 6
The business behind the activity

Telecom financials in India

Revenue, profit and growth from the filed annual accounts of 602 telecom companies in India for FY24-25 — 737 of the 1,525 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 78% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹413,875.38 cr

602 companies filing accounts

combined net profit₹12,978.38 cr

3.1% aggregate margin

are profitable75%

449 of 602 companies

median revenue~₹5.8 cr

the typical company

median revenue growth+6%

into FY24-25

earned by the top five78%

revenue concentration

Six-year view

Combined revenue of filing companies

₹171,770.18 crFY19-20585 filers
₹197,296.84 crFY20-21602 filers
₹227,624.62 crFY21-22619 filers
₹346,908.60 crFY22-23641 filers
₹373,184.14 crFY23-24638 filers
₹413,875.38 crFY24-25602 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 568 companies over three years

+22%
FY22-23₹335,784.27 cr−₹25,671.96 cr net
FY23-24₹366,663.90 cr−₹11,575.89 cr net
FY24-25₹409,610.14 cr₹24,350.77 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr16150% profitable
₹1–10 cr19979% profitable
₹10–100 cr16289% profitable
₹100–1,000 cr6090% profitable
Over ₹1,000 cr2065% profitable

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking251
0–20%157
20–50%97
50–100%39
Doubled+46

590 companies with accounts for both years; median growth +6%.

Profitability

Profit is concentrated at the top

449profitable
151loss-making
3.1%aggregate margin
2.0%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
Seamless Communication SystemsSEAMLESS COMMUNICATION SYSTEMS PRIVATE LIMITED+806%
CnergeeCNERGEE TECHNOLOGIES PRIVATE LIMITED+301%₹16.98 cr
MV Infra ServicesM V INFRA SERVICES PRIVATE LIMITED₹43.72 cr
AlphionALPHION INDIA PRIVATE LIMITED+214%₹53.05 cr
Truecom TelesoftRAY SECURE INNOVATIONS PRIVATE LIMITED+196%
AprecommAPRECOMM PRIVATE LIMITED₹22.50 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
PromonPromon Software Solutions Private Limited
DE-CIX IndiaDE-CIX INTERWIRE INTERNET SERVICES PRIVATE LIMITED37.1%
Bharti InfratelIndus Towers Limited32.6%₹30,468.60 cr
DEN BroadbandDEN BROADBAND LIMITED29.4%
Station SatcomSTATION SATCOM PRIVATE LIMITED29.2%₹68.08 cr
NettlinxNETTLINX LIMITED₹22.79 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Telecom operators316₹315,614.36 cr~₹2.2 cr72%2.4%
Telecom infrastructure108₹80,126.38 cr~₹24.7 cr84%6.2%
Telecom infrastructure tech47₹6,426.90 cr~₹12.6 cr79%4.6%
Telecom end user equipment and services41₹4,890.61 cr~₹13.9 cr73%1.0%
Oss & bss20₹1,146.08 cr~₹11.2 cr65%1.3%
Bpo services20₹509.34 cr~₹7.5 cr70%1.5%
Mobile vas6₹502.46 cr~₹3.5 cr50%7.9%
It services9₹424.97 cr~₹22.8 cr89%7.5%
Leaders

Largest telecom companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
JioRELIANCE JIO INFOCOMM LIMITED₹115,088.00 cr₹24,795.00 cr21.5%+14%
AirtelBharti Airtel Limited₹110,308.60 cr₹23,501.80 cr21.3%+15%
Vodafone Idea, Vodafone IndiaVodafone Idea Limited₹44,183.20 cr−₹27,442.10 cr-62.1%+4%
Bharti InfratelIndus Towers Limited₹30,468.60 cr₹9,922.30 cr32.6%+5%
Bharat Sanchar NigamBHARAT SANCHAR NIGAM LIMITED₹23,426.52 cr−₹2,246.52 cr-9.6%+10%
Jio Digital FibreJIO DIGITAL FIBRE PRIVATE LIMITED₹18,768.00 cr−₹2,227.00 cr-11.9%+11%
Summit DigitelSummit Digitel Infrastructure Limited₹13,729.00 cr−₹2,995.20 cr-21.8%+7%
Bharti HexacomBharti Hexacom Limited₹8,729.70 cr₹1,493.60 cr17.1%+19%
Vindhya TelelinksVINDHYA TELELINKS LIMITED₹4,072.42 cr₹115.48 cr2.8%-1%
RailTel Corporation of IndiaRAILTEL CORPORATION OF INDIA LIMITED₹3,551.04 cr₹299.81 cr8.4%+35%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

Telecom Industry Landscape of India

The financials above are one chapter. The full telecom landscape of India maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the telecom landscape of India
For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Telecom funding and M&A across India

160 recorded equity rounds have gone to 2,119 telecom companies in India — how much, at which stage, into which sub-sectors, from whom, and how India compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months3

US$4.86m

equity rounds, last 24 months9

US$85.63m

raised over five yearsUS$314.21m

38 rounds in India

M&A deals, India68

last 24 months

Capital by year

Equity funding into telecom in India

amount rounds
$8.5m20189
$16m201910
$20bn202021
$26m20215
$35m20229
$17m20236
$150m20249
$81m20257
$4.3m20262

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2020, with US$20.11bn across 21 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$274k4 rounds · median US$137k
SeedUS$21.07m18 rounds · median US$676k
Series AUS$91.75m9 rounds · median US$7.89m
Series BUS$76.65m3 rounds · median US$21.00m
Series CUS$124.46m4 rounds · median US$23.50m
Where the money went · five years

Most-funded sub-sectors

Telecom infrastructure techUS$156.47m15 rounds · 6 companies
Telecom operatorsUS$92.35m11 rounds · 6 companies
Telecom infrastructureUS$49.21m6 rounds · 5 companies
It servicesUS$10.00m1 rounds · 1 companies
Enterprise networkingUS$6.17m4 rounds · 2 companies
Oss & bssUS$0k1 rounds · 1 companies
Corporate activity · last 24 months

M&A in India

60Acquisition
8Merger

Most active acquirers

  1. Bharti Telecom9
  2. Indus towers7
  3. Reliance jio5
  4. Bharti Airtel4
  5. Sar televenture4

Most acquired or merged

  1. Bharti Airtel8
  2. Indus towers4
  3. Airtel4
  4. Vodafone idea4
  5. Associated power structures3

Each deal appears in the events strip at the top of the page.

Telecom funding in India

33 telecom companies in India have recorded equity funding, US$21.12bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in India

Meet the people behind telecom companies in India. 434 of 1,525 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore India telecom companies by sub-sector

The most common specialisations among telecom companies in India. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring telecom in India and nearby markets.

Coming soon