Financial Capital

To create sustainable value for all stakeholders, at Airtel we manage our financial capital in an astute, optimum and diligent manner, thereby harnessing opportunities for long-term value creation.


Financial capital (includes shareholders equity and debt) is a critical input in executing our business activities and in generating, accessing and deploying other forms of capital.


Our financial strength is based on the primary sources of financial capital such as shareholders equity, internally generated cash flows and debt raised from capital market. These resources serve us to maintain our network, functional units, fund expansion and modernization & pay dividends to our shareholders. The components of the debt portfolio are determined by the Company’s senior management in a manner which enables the Company to achieve an optimum debt-mix for its overall objectives and future market expectations.

Bharti’s three line graph - Key enabler for driving value creation

At the core of the value creation process is Bharti’s three line graph which measures:

Total Revenue

Absolute turnover/ sales

Opex Productivity

Operating expenses/ revenues

Capex Productivity

Revenue/ cumulative capex

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