'Tariff repair remains important': Airtel VC says as Sunil Mittal charts next big bets — financial services, data centre

Bharti Airtel is making strategic moves to diversify its portfolio, with Vice Chairman Sunil Mittal emphasizing the importance of tariff repair alongside new ventures. The telecom giant has unveiled a significant ₹20,000-crore investment in Airtel Money, its non-banking financial company, signaling a bold entry into financial services. This investment aims to capitalize on the growing demand for digital financial solutions, positioning Airtel as a formidable player in the sector. In addition to financial services, Airtel is bolstering its data infrastructure through Nxtra, its data centre arm. Nxtra has recently secured substantial funding, highlighting Airtel's commitment to expanding its data centre capabilities. This move comes in response to the increasing need for robust data storage and management solutions, driven by the surge in digital consumption across India. With these investments, Airtel is poised to support its core telecom business while tapping into lucrative new markets. Sunil Mittal's strategy reflects a dual focus on strengthening Airtel's existing operations and exploring new growth avenues. The emphasis on tariff repair underscores the ongoing challenges in the telecom sector, but the diversification into financial services and data centres demonstrates a proactive approach to future-proofing the company. As Airtel charts its next big bets, these initiatives are set to redefine its role in India's digital landscape, ensuring sustainable growth and innovation.

— Authored by Next24 Live