(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 36
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
Bharti Axa Life Insurance Company Limited
Oneweb Network Access Holdings Limited
vi. Key management personnel (KMP)
a. Executive directors
Olusegun Ogunsanya (till June 2024)
Sunil Taldar (w.e.f. 1 July 2024)
Jaideep Paul (till 9 July 2025)
Kamal Dua (w.e.f. 9 July 2025)
b. Non-executive directors
Sunil Bharti Mittal
Awuneba Ajumogobia
John Danilovich (retired w.e.f. 3 July 2024)
Andrew James Green (till 29 January 2026)
Akhil Gupta (till 9 July 2025)
Shravin Bharti Mittal
Annika Poutiainen
Ravi Rajagopal
Tsega Gebreyes
Paul Thomas Arkwright (since May 2024)
Gopal Vittal (since October 2024)
Cynthia Gordon (since April 2025)
c. Others
Ian Basil Ferrao
Razvan Ungureanu
Daddy Mukadi Bujitu
Ramakrishna Lella
Rogany Ramiah
Stephen Munyao Nthenge
Anthony Shiner (till June 2024)
Apoorva Mehrotra (till March 2026)
Carl Cruz (till November 2024)
Rohit Marwha (since April 2024)
Sunil Taldar (till June 2024)
Dinesh Balsingh (since November 2024)
Anwar Soussa
Martin Frechette
Oliver Fortuin
Jacques Barkhuizen
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 2026 and 31 March 2025 respectively, are described below:
Relationship | For the year ended | ||||||||
|---|---|---|---|---|---|---|---|---|---|
31 March 2026 | 31 March 2025 | ||||||||
Parent company $m | Intermediate parent entities $m | Fellow subsidiaries $m | Associates $m | Parent company $m | Intermediate parent entities $m | Fellow subsidiaries $m | Associates $m | ||
Sale/rendering of services | – | 1 | 56 | – | – | 4 | 70 | – | |
Purchase/receiving of services | – | 18 | 50 | 0 | – | 15 | 46 | 0 | |
Rent and other charges | – | – | – | – | – | 0 | – | – | |
Guarantee and collateral fee paid | – | – | – | – | – | 0 | – | – | |
Purchase of assets | – | – | – | – | – | 1 | 4 | – | |
Dividend paid | 154 | – | – | – | 130 | – | – | – | |
The outstanding balance of the above-mentioned related parties are as follows:
Relationship | Intermediate parent entities $m | Fellow subsidiaries $m |
|---|---|---|
As of 31 March 2026 | ||
Trade payables | 12 | 58 |
Trade receivables | 3 | 77 |
As of 31 March 2025 | ||
Trade payables | 12 | 45 |
Trade receivables | 5 | 76 |
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 KMPs were as follows:
For the year ended | ||
|---|---|---|
31 March 2026 $m | 31 March 2025 $m | |
Short-term employee benefits | 10 | 11 |
Performance linked incentive | 3 | 4 |
Share-based payment | 3 | 5 |
Other long-term benefits | 2 | 2 |
Other benefits | 1 | 1 |
19 | 23 | |