
Indus Towers Ltd
Fortune 500 2025
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OVERVIEW
FINANCIALS
NEWS
About
Indus Towers Limited is one of the largest telecom infrastructure companies in India, providing tower infrastructure and services to telecom operators. The company operates over 150,000 towers across India, supporting mobile connectivity and broadband services. Indus Towers plays a significant role in the rollout and maintenance of 4G and 5G networks in India.
Incorporation Year: 2006
Headquarters: Gurgaon, Haryana
Top Management: Mr. Bimal Dayal (CEO)
Industry: Telecom - Ancillary
Website: industowers.com
Featured In Fortune India Ranking
Fortune 500 India
#92(2025)
#83(2024)
#81(2023)
#67(2022)
#101(2021)
#172(2020)
#181(2019)
#180(2018)
#167(2017)
#97(2016)
#104(2015)
#112(2014)
#104(2013)
#92(2025)#83(2024)#81(2023)#67(2022)#101(2021)#172(2020)#181(2019)#180(2018)#167(2017)#97(2016)#104(2015)#112(2014)#104(2013)
Financial Data 2024
Revenue
30,090
(INR Cr)
Net Operating Income
28,601
(INR Cr)
Assets
50,918
(INR Cr)
Profit
6,036
(INR Cr)
Net Worth
27,039
(INR Cr)
Fortune India Coverage
Financial Data
RevenueNet Operating IncomeProfitAssetsNet Worth
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 30090 3.9% | 28960 2.8% | 28176 85.2% | 15217 77.2% | 8589 2.4% | 8386 1.7% | 8246 2.5% | 8044 11.2% | 7237 -40.6% | 12191 8.1% | 11275 6.3% | 10612 10.6% | 9597 11.3% | 8626 21.0% | 7129 37.7% | 5177 - |
| Net Operating Income (INR Cr) | 28601 0.77% | 28382 2.40% | 27717 98.63% | 13954 106.94% | 6743 -1.22% | 6826 3.10% | 6621 8.82% | 6085 9.47% | 5558 -52.36% | 11668 7.77% | 10827 5.40% | 10272 8.67% | 9452 11.10% | 8508 20.88% | 7039 39.36% | 5051 616.33% |
| Profit (INR Cr) | 6036 195.9% | 2040 -68.0% | 6373 68.7% | 3779 14.6% | 3299 32.3% | 2494 0.0% | 2494 -9.2% | 2747 22.2% | 2247 12.8% | 1992 31.3% | 1518 51.4% | 1003 33.8% | 749 35.8% | 551 118.0% | 253 29.6% | 195 - |
| Assets (INR Cr) | 50918 19.1% | 42740 -3.6% | 44313 11.5% | 39761 113.9% | 18587 22.4% | 15183 -13.9% | 17628 7.5% | 16403 -12.9% | 18824 -14.0% | 21877 -9.1% | 24054 3.9% | 23153 15.5% | 20049 -2.4% | 20531 3.2% | 19900 34.5% | 14795 - |
| Net Worth (INR Cr) | 27039 28.1% | 21110 -4.7% | 22151 39.5% | 15877 17.2% | 13542 -6.8% | 14532 -14.3% | 16964 9.5% | 15499 -15.0% | 18242 7.2% | 17020 -5.6% | 18038 4.9% | 17193 18.4% | 14524 3.8% | 13995 2.7% | 13628 31.7% | 10352 0.9% |
| Employee Cost (INR Cr) | 782 1.1% | 774 0.3% | 772 50.6% | 513 74.7% | 294 0.7% | 292 0.0% | 292 6.2% | 275 6.5% | 258 -35.5% | 400 8.9% | 367 9.9% | 334 7.9% | 310 8.5% | 285 18.8% | 240 83.7% | 131 - |
| Interest Cost (INR Cr) | 1864 | 1670 | 1603 | 836 | 335 | 53 | 47 | 39 | 33 | 290 | 400 | 395 | 407 | 433 | 354 | 114 |
| Cash & Bank Balance (INR Cr) | 63 | 22 | 980 | 15 | 147 | 2 | 31 | 2250 | 3160 | 912 | 166 | 127 | 48 | 14 | 681 | 209 |
| Total Debt (INR Cr) | 20531 | 19185 | 19726 | 21576 | 4627 | 6 | 0 | 279 | 0 | 2582 | 3342 | 3523 | 3159 | 4264 | 4291 | 2584 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 20.1% | 7.0% | 22.6% | 24.8% | 38.4% | 29.7% | 30.2% | 34.2% | 31.1% | 16.3% | 13.5% | 9.5% | 7.8% | 6.4% | 3.6% | 3.8% |
| Profit As % Of Assets | 11.9% | 4.8% | 14.4% | 9.5% | 17.8% | 16.4% | 14.2% | 16.8% | 11.9% | 9.1% | 6.3% | 4.3% | 3.7% | 2.7% | 1.3% | 1.3% |
| Profit As % Of Networth | 22.3% | 9.7% | 28.8% | 23.8% | 24.4% | 17.2% | 14.7% | 17.7% | 12.3% | 11.7% | 8.4% | 5.8% | 5.2% | 3.9% | 1.9% | 1.9% |
| Interest Cost to EBITDA % | 12.8% | 18.2% | 10.8% | 11.7% | 9.4% | 1.7% | 1.5% | 1.4% | 1.3% | 5.8% | 9.1% | 10.4% | 11.5% | 13.8% | 14.6% | 7.6% |
| Debt to Equity Ratio | 0.76 | 0.91 | 0.89 | 1.36 | 0.34 | 0.00 | - | 0.02 | - | 0.15 | 0.19 | 0.20 | 0.22 | 0.30 | 0.31 | 0.25 |
| RONW | 25.1% | 9.4% | 33.5% | 25.7% | 23.5% | 15.8% | 15.4% | 13.9% | 11.2% | 10.1% | 8.6% | 6.3% | 5.3% | 4.0% | 2.1% | 1.9% |
| ROCE | 21.3% | 10.2% | 23.9% | 19.2% | 24.4% | 22.0% | 21.0% | 17.3% | 13.0% | 13.1% | 11.5% | 8.9% | 7.6% | 6.1% | 4.3% | 2.8% |


