Bharti Airtel has incorporated a wholly-owned subsidiary, Airtel Global IFSC Limited, in Gujarat International Finance Tec-City (GIFT City) on June 15, 2026, to operate as a Global Corporate Treasury Centre. The new entity, established as a finance company, will undertake treasury activities and other permissible financial services in accordance with regulations issued by the International Financial Services Centres Authority (IFSCA). The Ministry of Corporate Affairs, Government of India, has issued the Certificate of Incorporation for the subsidiary.

The incorporation was disclosed to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Rohit Krishan Puri, Company Secretary & Compliance Officer of Bharti Airtel.

Airtel Global IFSC Limited has been incorporated with an initial authorized share capital of INR 20,000,000 and a paid-up share capital of INR 20,000,000. The consideration for the subscription was paid in cash. Bharti Airtel holds 100% shareholding and control in the newly incorporated entity.

Details of Airtel Global IFSC Limited

The key details of the newly incorporated subsidiary are summarised below:

Major telecom operators in India, including Bharti Airtel and VI, have dismissed appeals calling for the introduction of lower-cost, separate plans for voice calls and SMS services. The telcos have signaled a firm resistance to unbundling their current bundled tariff structures, which typically combine voice, SMS, and data offerings into a single plan.

Industry Pushback Against Unbundled Plans

The appeal for standalone, lower-cost voice and SMS plans has been met with opposition from leading telecom service providers. Bharti Airtel and VI are among the operators that have rejected these demands, reflecting the industry's preference for maintaining integrated bundled offerings rather than introducing disaggregated service tiers.

Context and Implications

The push for separate voice and SMS plans is largely driven by concerns that bundled tariff hikes have made basic communication services less accessible for certain segments of consumers. Telecom operators, however, have maintained their position against unbundling, citing the integrated nature of their current service packages.

This standoff underscores the broader debate within India's telecom sector regarding tariff structures, affordability, and the balance between operator revenue sustainability and consumer accessibility. The outcome of such appeals could have implications for how telecom companies design and price their service offerings going forward.