30. Related party disclosure
(a) List of related parties
i. Parent company
Airtel Africa Mauritius Limited
ii. Intermediate parent entities
Network i2i Limited
Bharti Airtel Limited
Bharti Telecom Limited
iii. Ultimate controlling entity
iv. For list of subsidiaries, associate and joint venture refer to note 33
v. Other entities with whom transactions have taken place during the reporting period
a. Fellow subsidiaries
Nxtra Data Limited
Bharti Airtel Services Limited
Bharti International (Singapore) Pte Ltd
Bharti Airtel (UK) Limited
Bharti Airtel (France) SAS
Bharti Airtel Lanka (Private) Limited (till June 2024)
Bharti Hexacom Limited
Xtelify Limited
b. Other related parties
Singapore Telecommunications Limited
Bharti Global Limited
Emtel Limited
vi. Key management personnel (KMP)
a. Executive directors
Olusegun Ogunsanya (till June 2024)
Sunil Taldar (w.e.f. 1 July 2024)
Jaideep Paul
b. Non-executive directors
Sunil Bharti Mittal
Awuneba Ajumogobia
Douglas Baillie (till October 2023)
John Danilovich (retired w.e.f. 3 July 2024)
Andrew James Green
Akhil Gupta
Shravin Bharti Mittal
Annika Poutiainen
Ravi Rajagopal
Kelly Bayer Rosmarin (till October 2023)
Tsega Gebreyes
Paul Thomas Arkwright (since May 2024)
Gopal Vittal (since October 2024)
Cynthia Gordon (since April 2025)
c. Others
Ian Basil Ferrao
Michael Foley (till June 2023)
Razvan Ungureanu
Luc Serviant (till May 2023)
Daddy Mukadi Bujitu
Ramakrishna Lella
Edgard Maidou (till June 2023)
Rogany Ramiah
Stephen Nthenge
Anthony Shiner (till June 2024)
Apoorva Mehrotra
Oliver Fortuin (since June 2023)
Martin Frechette (since June 2023)
Carl Cruz (since May 2023 to November 2024)
Anwar Soussa (since August 2023)
Rohit Marwha (since April 2024)
Sunil Taldar (since October 2023 to June 2024)
Jacques Barkhuizen (since October 2023)
Dinesh Balsingh (since November 2024)
In the ordinary course of business, there are certain transactions among the Group entities and all these transactions are on arm’s length basis. However, the intra-group transactions and balances, and the income and expenses arising from such transactions, are eliminated on consolidation. The transactions with remaining related parties for the years ended 31 March 2025 and 2024 respectively, are described below:
The summary of transactions with the above-mentioned parties is as follows:
Relationship | For the year ended | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
31 March 2025 | 31 March 2024 | ||||||||||
Parent company $m | Intermediate parent entity $m | Fellow subsidiaries $m | Joint venture $m | Associates $m | Parent company $m | Intermediate parent entity $m | Fellow subsidiaries $m | Joint venture $m | Associates $m | ||
Sale/rendering of services | – | 4 | 70 | – | – | – | 9 | 80 | – | – | |
Purchase/receiving of services | – | 15 | 46 | – | 0 | – | 16 | 57 | – | 1 | |
Rent and other charges | – | 0 | – | – | – | – | 1 | – | – | – | |
Guarantee and collateral fee paid | – | 0 | – | – | – | – | 2 | – | – | – | |
Purchase of assets | – | 1 | 4 | – | – | – | 0 | – | – | – | |
Dividend paid | 130 | – | – | – | – | 119 | – | – | – | – | |
The outstanding balance of the above-mentioned related parties are as follows:
Relationship | Intermediate parent entity $m | Fellow subsidiaries $m | Joint venture $m | Associates $m |
|---|---|---|---|---|
1 This guarantee (200% of the bond amount) relates to the $1 billion USD non-convertible bonds (refer to note 21) with original maturity of 2024. The Group had prepaid a portion of these bonds and the outstanding amount as on 31 March 2024 is $550m. In accordance with the legal and regulatory requirements pertaining to these bonds, the guarantee amount can be reduced only once these are paid in full and thus the full guarantee amount (based on issued value of guarantee) is disclosed in March 2024. | ||||
As of 31 March 2025 | ||||
Trade payables | 12 | 45 | – | – |
Trade receivables | 5 | 76 | – | – |
Corporate guarantee fee payable | – | – | – | – |
Guarantees and collaterals taken (including performance guarantees) | – | – | – | – |
As of 31 March 2024 | ||||
Trade payables | 8 | 40 | – | 0 |
Trade receivables | 4 | 70 | – | – |
Corporate guarantee fee payable | 1 | – | – | – |
Guarantees and collaterals taken (including performance guarantees)1 | 2,000 | – | – | – |
Key management compensation (KMP)
KMP are those persons having authority and responsibility for planning, directing and controlling the activities of the Group, directly or indirectly, including any director, whether executive or otherwise. For the Group, these include executive committee members. Fuller disclosures on directors’ remuneration are set out in the Directors’ remuneration report. Remuneration to KMP were as follows:
For the year ended | ||
|---|---|---|
31 March 2025 $m | 31 March 2024 $m | |
Short-term employee benefits | 11 | 11 |
Performance linked incentive | 4 | 4 |
Share-based payment | 5 | 3 |
Other long-term benefits | 2 | 2 |
Other benefits | 1 | 1 |
23 | 21 | |