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Bharti Airtel Ltd - Directors' Report

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Directors` Report




Dear Shareholders,

Your Directors have pleasure in presenting the 18th Annual Report on the Company’s business and operations, together with the audited financial statements for the year ended March 31, 2013.

Company Overview

Bharti Airtel continued to be among the top four mobile service providers globally with presence in 20 countries, including India, Sri Lanka, Bangladesh and 17 countries in the African continent. The Company’s diversified service range includes mobile, voice and data solutions using 2G, 3G and 4G technologies. Its service portfolio also comprises an integrated suite of telecom solutions to its customers, besides providing long-distance connectivity in India, Africa and rest of the world. The Company also offers Digital TV and IPTV services in India.

All these services are rendered under a unified brand ‘airtel’, either directly or through subsidiary companies. The Company also deploys, owns and manages passive infrastructure pertaining to telecom operations through its subsidiary, Bharti Infratel Limited, which owns 42% of Indus Towers Limited. Together, Bharti Infratel and Indus Towers are the largest passive infrastructure service providers in India.

Financial Results

In line with the statutory guidelines, the Company has adopted International Financial Reporting Standards (IFRS) for accounts consolidation from FY 2010-11. Consolidated and standalone financial highlights of the Company’s operations are as follows:

Consolidated Financial Highlights (IFRS)

Particulars FY 2012-13 FY 2011-12
Rs Millions USD Millions* Rs Millions USD Millions*
Gross revenue 803,112 14,754 714,508 14,937
EBITDA 248,704 4,569 237,123 4,957
Cash profit from operations before derivatives and
forex fluctuations 208,008 3,821 204,836 4,282
Earnings before taxation 49,820 915 65,183 1,363
Net profit 22,757 418 42,594 890

* 1 USD = Rs 54.43 Exchange Rate for financial year ended March 31, 2013 (1 USD = Rs 47.84 for financial year ended March 31, 2012).

Standalone Financial Highlights (IGAAP)

Particulars FY 2012-13 FY 2011-12
Rs Millions USD Millions* Rs Millions USD Millions*
Gross revenue 453,509 8,332 416,038 8,696
EBITDA 149,633 2,749 143,016 2,989
Cash profit from operations after derivatives
and forex fluctuations 132,815 2,440 128,722 2,691
Earnings before taxation 64,548 1,186 69,562 1,454
Net profit 50,963 936 57,300 1,198

* 1 USD = Rs 54.43 Exchange Rate for financial year ended March 31, 2013 (1 USD = Rs 47.84 for financial year ended March 31, 2012).

The financial results and the results of operations have further been discussed in detail in the Management Discussion and Analysis section.

Share Capital

During the year, there was no change in the Company’s issued, subscribed and paid-up equity share capital. On March 31, 2013, it stood at Rs 18,987,650,480, divided into 3,797,530,096 equity shares of Rs 5 each.

General Reserve

An amount of Rs 3,830 Mn has been transferred to the General Reserve out of Bharti Airtel’s total standalone profit of Rs 50,963 Mn for the financial year ended March 31, 2013.

Dividend

The Board recommends a final dividend of Rs 1 per equity share of Rs 5 each (20% of face value) for the financial year 2012-13. The total dividend payout will amount to Rs 3,798 Mn excluding tax on dividend. The payment of dividend is subject to the approval of the shareholders in the Company’s ensuing Annual General Meeting.

Transfer of Amount to Investor Education and Protection Fund

Since the Company declared its maiden dividend in August 2009 for the FY 2008-09, no unclaimed dividend is due for transfer to Investor Education and Protection Fund.

Fixed Deposits

The Company has not accepted any fixed deposits and, as such, no amount of principal or interest was outstanding, as on the balance sheet closure date.

Capital Market Ratings

As on March 31, 2013, Bharti Airtel is rated by two domestic rating agencies, namely CRISIL and ICRA, and two international rating agencies, viz. Fitch Ratings and S&P.

• CRISIL and ICRA revised their long-term ratings of the Company. Currently, they rate the Company at [CRISIL] AA+/[ICRA] AA+ with a stable outlook. Short-term ratings were reaffirmed at the highest end of the rating scale at [CRISIL] A1+/[ICRA] A1+

• Fitch Ratings and S&P reaffirmed their respective ratings at BBB- with negative outlook and BB+ with stable outlook

Employee Stock Option Plan

The Company presently has two Employee Stock Option (ESOP) schemes, namely the (Employee Stock Option Scheme 2001) and the Employee Stock Option Scheme 2005. Besides attracting talent, the Schemes also helped to retain talent and experience.

Both the above mentioned ESOP schemes are presently administered through a Trust, whereby the shares held/ acquired by the Trust are transferred to the employees upon exercises of stock options as per the terms of the Scheme.

In view of the recent Circular issued by SEBI, the Company stopped acquiring further shares from the open market toward appropriation of the same for the ESOP scheme 2005. The shares acquired/held by the Trust prior to the circular will be utilised to administer the above schemes in accordance with the applicable regulations.

The ESOP Compensation Committee, constituted in accordance with the Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 (the SEBI Guidelines), administers and monitors the Company’s ESOP schemes. The applicable disclosures as stipulated under the SEBI Guidelines, as on March 31, 2013, are provided in Annexure C to this report.

A certificate from M/s. S. R. Batliboi & Associates LLP, Chartered Accountants, Statutory Auditors, with respect to the implementation of the Company’s ESOP schemes, would be placed before the shareholders at the ensuing Annual General Meeting. A copy of the same will also be available for inspection at the Company’s registered office.

Branding

FY 2012-13 was marked by significant achievements on the brand front. Strategic repositioning of brand airtel was accelerated to make it younger, livelier and better connected. The brand followed a coherent strategy for a younger and fresher brand anchored in the ‘Friendship’ communication territory.

In India, various advertisement campaigns, including Har Friend Zaroori, Jo Mera Hai TV Commercial and others enhanced the popularity of brand airtel further. Airtel Rising Stars gained more popularity in 2012, as it engaged the youth across India, Sri Lanka and Bangladesh. Our association with Manchester United was leveraged, allowing young people to go for training at the Manchester Soccer School Academy, UK. In 2012, Bharti Airtel helped ingrain the love for F1 sport in the minds of the Indian audience through the stars Michael Schumacher and Nico Rosberg.

In Africa, Innovative trade branding toolkits were successfully rolled out in all countries. During the year, over 650,000 square metres of wall branding were completed, and Picture of Success (PICOS) rolled out in over 231,000 retail outlets, 625 express shops and about 6,000 pan-Africa extra outlets. The Company also created airtel Smartphones logo for device merchandising, which was implemented in 13 countries. ARS Africa Championship, the largest and first-of-its-kind youth soccer tournament for boys and girls in the continent, was successfully inaugurated in Nairobi, Kenya. As many as 15 countries participated in the event, which was endorsed and flagged off by the Kenyan Prime Minister. The Company rolled out airtel Football TV Show on DSTV, which premiered on the popular SuperSport channel. It also launched digital platforms for consumer engagement via airtel-football.com and facebook.com/AirtelFootball.

The Company completely revamped its internet and social media presence. This initiative helped increase its community sizes by more than 600% to over 7 Mn and created one of India’s buzziest and most engaging social media brands. Brand airtel was ranked as No. 1 among the service brands in 2012 by Brand Equity’s Most Trusted Brand Survey. It also won several awards, including seven Abbies at GoaFest, four Effies, three Bloomberg Brand Leadership awards, CNN-IBN’s Brand of the Year award, Yahoo’s 360 Campaign of the Year award, agency faq’s third Buzziest Indian Brand and so on. Bharti Airtel captured the numero uno position among telecom brands in Economic Times’ Brand Trust ratings. It also entered the Financial Times London’s list of Top 100 Global Brands. The Nigeria Half Dollar campaign was listed as a finalist in the Facebook Studio Awards.

Major Agreements and Alliances

The Company signed the following key agreements/alliances in the year under review with:

• Ericsson for Access Agnostic Packet Core catering to 2G, 3G and, in future, 4G customers in all countries of Africa

• HP to provide Cloud-enabled platform (CLEP) to offer Cloud-based services across all geographies in Africa

• Ceragon, NSN and Ericsson for supply and installation of Trunk Microwave to create high-capacity backbones across all geographies in Africa

• Huawei and Ericsson for IN system to implement latest features, hardware modernisation and geographical redundancy in India

• Cisco and Alcatel Lucent (using Ruckus technology) to deploy Wi-Fi hotspots in high footfall areas in top Indian cities

• Spirent, Agilent Technologies, Rohde & Schwarz, JDSU and IXIA Wirtel to augment our state-of-the-art, in-house validation laboratory capabilities for India

• Microsoft to launch Office 365 (O365) product for its subscribers in India through airtel Cloud Enablement Platform

• TURNER for two new advertisement-free channels on airtel digital TV in India, namely HBO Hits and HBO Defined, to deliver a new, premium movie-viewing experience to the subscribers

• SAREGAMA and Timbre Media to provide 12 radio channels for iMusicspace service on airtel digital TV to enable genre-wise music-listening experience to the subscribers

New Products/Initiatives

During the year under review, the Company launched various new and innovative products and services, directly as well as through its subsidiaries. These offerings enabled it to strengthen its leadership in an intensely competitive market. Some of the key launches/initiatives across geographies during the year in retrospect are discussed below.

India

Superior customer experience has been at the heart of all initiatives and products that were launched during the year. The Company’s presence across platforms – 2G, 3G, 4G and DSL – enables our customers to experience data across screens. For improved data experience, we launched near real-time GPRS usage monitoring tool and, thereby reduced customer complaints.

To improve platinum and solitaire customer satisfaction, the Company initiated several focused programmes like priority access at call centres and offering attractive deals and discounts.

With our focus on customer convenience, adding non-traditional channels of contact became a focus area. We have established our presence across popular social networking sites and online forums.

During 2012-13, we undertook several key initiatives including the following:

• Launched 4G services in Pune, followed by Chandigarh, taking the total number of cities with 4G services to four (Bangalore, Kolkata, Pune and Chandigarh)

• Developed Apps and Games Store with APPIA, which is ranked third globally as an Apps and games Store, and helped consumers download data; a maximum of 100,000 downloads were performed in a day

Launched HD gaming, offering high-definition games for smartphones like android and 3G devices

• Launched airtel live Wap portal in Hindi to open up the world of internet for even a larger number of consumers

• Collaborated strategically with Opera Browser to enhance Mobile Internet browsing experience on 2G networks

• Integrated Billing API with Nokia Store to help customers pay from their airtel wallet and download apps and games from Nokia Store

• Launched mBazaar, a unique service, which uses an innovative business model of lead generation to provide a market place to customers and enables an unlimited search and deals at the location nearest to them at a very nominal price

• Introduced Rural Portal - a first-of-its-kind innovative service catering to the rural segment

• Launched the unique Emergency Alerts service to enable subscribers send instant and automatic alerts

• Introduced new innovative services in the DTH business; added recording facility on High Definition (HD) boxes to help a customer record content on USB drives, while watching his/her favourite channel on High Definition (HD) Set Top Boxes and Digital Video Recorders (DVR) with 3D capabilities

• Introduced iExam with content on Bank PO, MBA, Medical, Class 8th, 9th and 10th exams

• Opened up money transfer through airtel money to any bank account in India on the non-KYC Express wallet, along with P2P transfers to any other airtel money account

• Partnered with Axis Bank to launch the Super Account in May 2012 to help customers save and earn interest on their airtel money account, as well as cash-out according to their requirement

Africa

• Implemented Cloud Portal (without Billing) for Nigeria

• Introduced 64K SIM Standardisation in 14 countries to ensure higher capacity SIM card availability to increase VAS content for the subscriber and to standardise SIM card profiles across the African countries

• Implemented Doctor on Call in Malawi to give customers the opportunity to consult doctors over mobile phone

• Launched BB10 in Nigeria, making it the first country to introduce this BlackBerry device that offers new look and feel and provides a different BlackBerry experience; the operator’s infrastructure, as well as the way the BlackBerry services will be packaged and commercialised are also different

Other Developments

During the year, Bharti Infratel Limited, the Company’s subsidiary, made an Initial Public Offering (IPO) through book building process. The subsidiary raised Rs 32,303 Mn from the fresh issue of 146.2 Mn equity shares at an average price of

• Rs 220.90 per share of face value Rs 10 each. Bharti Infratel’s shares were listed on December 28, 2012, on NSE and BSE.

Directors

During the year under review w.e.f. September 06, 2012, Lord Evan Mervyn Davies and H.E. Dr. Salim Ahmed Salim and w.e.f. September 26, 2012, Mr. Akhil Gupta, Mr. Rakesh Bharti Mittal and Mr. Hui Weng Cheong ceased to be the Directors and Mr. N. Kumar retired from the Board w.e.f. February 01, 2013. The Directors place on record their appreciation for the help, guidance and contribution made by them during their tenure as Directors.

Ms. Obiageli Ezekwesili and Mr. Manish Kejriwal were appointed as Additional Directors w.e.f. September 26, 2012. They will cease to hold office at the forthcoming Annual General Meeting and are eligible for re-appointment. The Company has received notices from members under Section 257 of the Companies Act, 1956, proposing the appointment of Ms. Obiageli Ezekwesili and Mr. Manish Kejriwal as the Company’s Non-Executive Directors. The Board recommends their appointment.

Mr. Manoj Kohli and Mr. Gopal Vittal were also appointed as Managing Director and Joint Managing Director, respectively, of the Company for a period of five years w.e.f. February 01, 2013. The approval of the members was obtained for this through postal ballot notice dated February 1, 2013.

Ms. Tan Yong Choo, Mr. Ajay Lal and Mr. Pulak Prasad retire by rotation at the forthcoming Annual General Meeting. Ms. Tan Yong Choo and Mr. Ajay Lal, being eligible, have offered themselves for re-appointment. In terms of the policy on Independent Directors adopted by the Board, Mr. Pulak Prasad, Independent Director, has completed his term of office and does not seek re-appointment for succeeding term in the ensuing Annual General Meeting.

A brief resume of the Directors proposed to be appointed/ re-appointed, as stipulated under Clause 49 of the Listing Agreement with the Stock Exchanges, is appended as an annexure to the Notice of the ensuing Annual General Meeting.

Subsidiary Companies

As on March 31, 2013, your Company has 119 subsidiary companies, as set out in page no. 227 of the Annual Report (for abridged Annual Report please refer page no. 87).

Pursuant to the General Circular No. 2/2011, dated February 8, 2011, issued by the Ministry of Corporate Affairs, Government of India, the Board of Directors have consented for not attaching the balance sheet, statement of profit & loss, and other documents, as set out in Section 212(1) of the Companies Act, 1956, in respect of its subsidiary companies, for the year ended March 31, 2013.

Annual accounts of these subsidiary companies, along with related information, are available for inspection at the Company’s registered office and the registered office of the respected subsidiary companies. Copies of the Annual Report of the subsidiary companies will also be made available to the investors of Bharti Airtel and those of the subsidiary companies upon request.

The statement pursuant to the above referred circular is annexed on page no. 93 of the Abridged Annual Report and page no. 234 of the full version Annual Report.

Abridged Financial Statements

In terms of the provisions of Section 219(1)(b)(iv) of the Companies Act, 1956, the Board of Directors has decided to circulate printed copy of the Abridged Annual Report containing salient features of the balance sheet and the statement of profit & loss to the shareholders for the financial year 2012-13, who have not registered their email id. Full version of the Annual Report will be available on the Company’s website, www.airtel.com, and will be sent to the investors by email. To support the green initiative of the Ministry of Corporate Affairs, the Company has also decided to send all communications, including the Annual Report, through email to those shareholders, who have registered their email id with their depository participant/Company’s registrar and share transfer agent. If a shareholder wishes to receive a printed copy of such communications, he/she may please send a request to the Company, the same will be sent a printed copy of the communication.

Management Discussion and Analysis Report

Management’s Discussion and Analysis Report for the year under review, as stipulated under Clause 49 of the Listing Agreement with the Stock Exchanges in India, is presented in a separate section forming a part of the Annual Report.

Corporate Governance

The Company is committed to maintain the highest standards of Corporate Governance. The Company adhere to the requirements set out by SEBI’s Corporate Governance practices. The Company has implemented all the stipulations prescribed.

A detailed report on Corporate Governance, pursuant to the requirements of Clause 49 of the Listing Agreement, forms a part of the Annual Report. However, in terms of the provisions of Section 219(1)(b)(iv) of the Act and Clause 32 of the Listing Agreement, the abridged Annual Report, excluding this report, will be sent to the Company’s members. Members who desire to obtain the full version of the report may write to the Company Secretary at the registered office address and will be provided with a copy of the same. A certificate from the Company’s Auditors, M/s. S. R. Batliboi & Associates LLP, Chartered Accountants,Gurgaon, confirming compliance of conditions of Corporate Governance, as stipulated under Clause 49, is annexed to the report as Annexure A.

Corporate Social Responsibility and Business Responsibility Report

At Bharti Airtel, Corporate Social Responsibility (CSR) encompasses much more than social outreach programmes. It lies at the heart of the Company’s business operations. Detailed information on the Company’s CSR initiatives is provided in this Annual Report’s CSR section and the Business Responsibility Report.

SEBI, vide its Circular CIR/CFD/DIL/8/2012 dated August 13, 2012, mandated the top 100 listed entities, based on market capitalisation at BSE and NSE, to include Business Responsibility Report as a part of the Annual Report describing the initiatives taken by the companies from Environmental, Social and Governance perspective.

Accordingly, a detailed report on Corporate Social Responsibility and Business Responsibility Report forms a part of the Annual Report. However, in terms of the provisions of Section 219(1)(b)(iv) of the Act and Clause 32 of the Listing Agreement, the Abridged Annual Report, excluding this report, will be sent to the Company’s members. Members who desire to obtain the full version of the report may write to the Company Secretary at the registered office address and will be provided with a copy of the same.

Sustainability Journey

Sustainability initiatives have been integral to the Company’s journey since inception. The last two years witnessed the Company adding a more comprehensive and structured sustainability plan with active cooperation of all stakeholders. The objective is to benefit our community and the planet through all our operations and engagements. Bharti Airtel is strengthening its efforts on issues like climate change, employee engagement, waste management, digital inclusion and impact on communities, among many others. The Company is committed to maintain the highest standards of governance, safety and environmental performance across the value chain. The Company released its first sustainability report 2012 highlighting its various initiatives. The Company’s first sustainability report is available on the website of the Company and can be accessed at http://www. airtel.in/sustainability/

Statutory Auditors

The Company’s Statutory Auditors, M/s. S. R. Batliboi & Associates LLP, Chartered Accountants, Gurgaon, retire at the conclusion of the Company’s ensuing Annual General Meeting and have confirmed their willingness and eligibility for re-appointment.

The Company has received letters from the Auditors to the effect that their re-appointment, if made, would be within the prescribed limits under Section 224(1B) of the Companies Act, 1956, and that they are not disqualified for re-appointment within the meaning of Section 226 of the said Act.

Auditors’ Report

The Board has duly examined the Statutory Auditors’ Report to the accounts, which is self explanatory. Clarifications, wherever necessary, have been included in the Notes to Accounts section of the Annual Report.

As regards the comments under para i(a) of the annexure to the Independent Auditors’ Report regarding updation of quantitative and situation details relating to certain fixed assets, the Company has strengthened its processes whereby the fixed assets register for new assets is being updated for the quantitative and situation details on a real time basis. The Company has made significant progress in updation of the situation details for majority of the sites for past period capitalisation, and intends to complete the site wise updation of quantitative details as per the ongoing physical verification plan.

Cost Auditors

Pursuant to the direction of the Central Government, the CompanyhasappointedM/s.R.J.Goel&Co.,CostAccountants, as Cost Auditors for FY 2013-14. The Cost Auditors will submit their report for FY 2012-13 to the Government on or before the due date.

Secretarial Audit Report

The Company has appointed M/s. Chandrasekaran Associates, Company Secretaries, New Delhi, to conduct its Secretarial Audit for the financial year ended March 31, 2013. The Auditors have submitted their report confirming compliance with all the applicable provisions of various corporate laws. The Secretarial Audit Report is provided separately in the Annual Report. In terms of the provisions of Section 219(1)(b)(iv) of the Act and Clause 32 of the Listing Agreement, the abridged Annual Report, excluding this annexure, will be sent to the Company’s members. Members who desire to obtain this information may write to the Company Secretary at the registered office address and will be provided with a copy of the same.

Particulars of Employees

The information, as required to be provided in terms of Section 217(2A) of the Companies Act, 1956, read with Companies (Particular of Employees) Rules, 1975, have been set out in the annexure to this report. In terms of the provisions of Section

219(1)(b)(iv) of the Act and Clause 32 of the Listing Agreement, the Abridged Annual Report, excluding this annexure, will be sent to the Company’s members. Members who desire to obtain this information may write to the Company Secretary at the registered office address and will be provided with a copy of the same.

Energy Conservation, Technology Absorption, and Foreign Exchange Earnings and Outgo Being a service providing organisation, most of the information of the Company, as required under Section 217(1)(e) of the Companies Act, 1956, read with the Companies (Disclosure of particulars in the report of the Board of Directors) Rules, 1988, as amended, is not applicable. However, the information, as applicable, has been given in Annexure B to this report.

Directors’ Responsibility Statement

Pursuant to Section 217(2AA) of the Companies Act, 1956, the Directors, to the best of their knowledge and belief, confirm that:

I. The applicable accounting standards have been followed, along with proper explanation relating to material departures, in the preparation of the annual accounts for the year ended March 31, 2013.

II. They have selected and applied consistently and made judgments and estimates that are reasonable and prudent to give a true and fair view of the Company’s state of affairs and profits, as at the end of the financial year.

III. They have taken proper and sufficient care to maintain adequate accounting records in accordance with the provisions of the Companies Act, 1956, and to safeguard the Company’s assets and to prevent and detect fraud and other irregularities.

IV. They have prepared the annual accounts on a going concern basis.

Acknowledgements

Your Directors wish to place on record their appreciation to the Department of Telecommunications (DoT), the Central Government, the State Governments in India, Government of Bangladesh, Government of Sri Lanka and Governments in the 17 countries in Africa, Company’s Bankers and business associates, for assistance, co-operation and encouragement they extended to the Company. The Directors also extend their appreciation to the employees for their continuing support and unstinting efforts in ensuring an excellent all-round operational performance. The Directors would like to thank various partners, viz. Bharti Telecom, Singapore Telecommunications Ltd. and other shareholders for their support and contribution. We look forward to their continued support in future.

For and on behalf of the Board
Date: May 2, 2013 Sunil Bharti Mittal
Place: New Delhi Chairman

Annexure A

Auditors Certificate Regarding Compliance of Conditions of Corporate Governance

To

The Members of Bharti Airtel Limited,

We have examined the compliance of conditions of Corporate Governance by Bharti Airtel Limited ("the Company"),for the year ended March 31, 2013, as stipulated in Clause 49 of the Listing Agreement of the said Company with Stock Exchanges in India.

The compliance of conditions of Corporate Governance is the responsibility of the management. Our examination was limited to procedures and implementation thereof, adopted by the Company for ensuring the compliance of the conditions of Corporate Governance. It is neither an audit nor an expression of opinion on the financial statements of the Company.

In our opinion and to the best of our information and according to the explanations given to us, we certify that the Company has complied with the conditions of Corporate Governance as stipulated in the above mentioned Listing Agreement. We state that such compliance is neither an assurance as to the future viability of the Company nor the effectiveness with which the management has conducted the affairs of the Company.

For S. R. Batliboi & Associates LLP

Chartered Accountants

ICAI Firm Registration No: 101049W

per Nilangshu Katriar

Partner

Membership No: 58814

Place: New Delhi

Date: May 2, 2013

Annexure B

Information relating to conservation of energy, technology absorption, research and development, and foreign exchange earnings and outgo forming parts of Directors’ Report in terms of Section 217(1)(e) of the Companies Act, 1956, read with the Companies (Disclosure of Particulars in the Report of the Board of Directors) Rules, 1988

Conservation of Energy and Technology Absorption

The information in Part A and B, pertaining to conservation of energy and technology absorption, are not applicable to Bharti Airtel, as it is a telecommunication services provider. However, the Company requires energy for its operations and every endeavour has been made to ensure the optimum energy use, avoid wastage and conserve energy as much as possible.

The Company continuously evaluates global innovation and technology as a benchmark and, whenever required, enters into arrangements to avail of the latest technology trends and practices.

Foreign Exchange Earnings and Outgo

Activities relating to initiatives taken to increase exports; development of new export markets for products and services, and export plans.

International Long-distance Business

The Company has a global footprint with services in 26 countries with 13 points of presence (PoPs). It continues to focus on emerging markets. The infrastructure establishes a seamless connectivity globally, offering at least three cables on every route, thereby providing unparalleled diversity and resilience. The Company witnessed growth in its long-distance voice business, emerging among the Top 10 Global Carriers. It believes that its presence and operations in developing markets, especially Asia and Africa, coupled with strong bilateral global relationships, will further strengthen its position, therefore increasing global traffic share.

Telecom Services in Other Countries

Bharti Airtel Lanka (Pvt) Limited is Sri Lanka’s fastest growing wireless service provider. It expanded its footprint by starting commercial operations in the country’s eastern and northern parts. Airtel Lanka ended the financial year with 1.7 Mn customers. The Company continues to gain leadership in both incremental customer market share and revenue market share through aggressive marketing and strong distribution network.

Airtel Bangladesh Limited continues to grow and currently has over 6.2 Mn customers. The Company has 135 distributors and over 96,000 retailers across the country. In the six markets, which are extremely competitive for the operators, the Company’s immediate focus is to ensure faster quality network rollout across the country and build a strong dynamic brand. As in March 2013, Airtel Bangladesh Limited reached population coverage of about 77%.

Airtel Africa continues to grow with the ending revenue earning customer base for the year at 63.3 Mn; the Company crossed the 60 Mn mark in October 2012. Nigeria, which is the largest market, contributes 30% to the revenue-earning customer base, while the Francophone and Anglophone regions contribute 29% and 41%, respectively. Network rollout continued aggressively, with the total number of sites ending at 16,653 at the end of March 2013.

Total foreign exchange used and earned for the year:

(a) Total Foreign Exchange Earning Rs 27,824 Mn (b) Total Foreign Exchange Outgo Rs 47,568 Mn

Annexure C

Information Regarding The Employees Stock Option Scheme (As on March 31, 2013)

S. No. Particulars ESOP Scheme 2005 ESOP Scheme 2001
1) Number of stock options granted 27,397,047* 40,530,078**
2) Pricing Formula Exercise Price not less than the par 29,015,686 @ 11.25
value of the equity share and not 1,760,000 @ 0.45
more than the price prescribed under 4,380,000 @ 35.00
Chapter VII of the SEBI (Issue of 142,530@ 0.00
Capital and Disclosure Requirements) 5,166,862 @ 5.00
Regulation, 2009 on Grant Date 40,000 @ 60.00
25,000 @ 110.50
3) Options vested 21,993,165 39,034,250
4) Number of options exercised 5,396,795 30,181,543
5) Number of shares arising as a result of exercise of option during the financial year 2012-13 Nil Nil
6) Number of options lapsed 12,095,302 9,163,883
7) Money realised by exercise of options Rs 621,402,051 Rs 389,387,285
8) Total number of options in force 9,903,950 1,185,150
9) Options granted to senior managerial personnel during the financial year 2012-13
Mr. Bhaskar Chakraborty 8,400 -
Mr. Narender Gupta 9,700 -
Mr. Christopher Tobit 4,800 -
Mr. Najib Khan 5,500 -
Mr. Srinivas K 20,100 -
Mr. Rajnish Singh Baweja 6,900 -
Mr. N. Arjun 12,700 -
Mr. Sam Elangalloor 3,200 -
Mr. Shivan Bhargava 7,100 -
Mr. Raghunath Mandava 11,700 -
Mr. Deven Khanna 18,700 -
Mr. Sarvjit Singh Dhillon 46,800 -
Mr. Rajan Swaroop 12,500 -
Mr. Ajai Puri 13,000 -
Mr. Shashi Arora 6,900 -
Mr. Nilanjan Roy 17,600 -
Mr. S. Asokan 15,900 -
Mr. Rahul Gupta 9,600 -
Mr. K. Shankar 24,300 -
Mr. Inder Walia 41,000 -
Ms. Jyoti Pawar 16,000 -
Mr. Sriraman Jagannathan 15,600 -
Mr. Mohit Beotra 5,800 -
Mr. Alexander Andrew Kelton 20,100 -
Mr. Sunil Colaso 10,200 -
Mr. Mrinal Roy 8,400 -
Mr. V. G. Somasekhar 13,000 -
Mr. N. Rajaram 11,400 -
Mr. Jagbir Singh 23,000 -
Mr. Mukesh Bhavnani 19,600 -
Mr. Bharat Bambawale 21,100 -
Mr. Joaquim Mario Do Carmo Pereira 30,000 -
Mr. Gopal Vittal 150,000 12,500
Mr. Moti Gyamlani - 50,000
10) Diluted earning per share (EPS) as per AS 20 N.A. N.A.
11) Difference between the employees compensation cost based on intrinsic value of the stock and the fair value for the year and its impact on profits and on EPS of the Company N.A. N.A.
12) a) Weighted average exercise price Rs 212.08 a) Rs 11.25; Rs 0.45; Rs 35;
Rs 0; Rs 5; Rs 60; Rs 110.5
b) Weighted average fair price Rs 185.12 b) NA; NA; NA; Rs 69.70;
Rs 263.19; Rs 84.43;
Rs 357.63
13) Method and significant assumptions used to estimate the fair values of options Black Scholes/Lattice Valuation Model/Monte Carlo Simulation
(i) risk - free interest rate i) 7.88% p.a. to 8.84% p.a. (The Government Securities curve yields are considered as on valuation date)
(ii) expected life ii) 48 to 60 months
(iii) expected volatility iii) 36.42% to 41.58% (assuming 250 trading days to annualise)
(iv) expected dividends iv) 20% (Dividend yield of 0.28% to 0.36%)
(v) market price of the underlying share on grant date v) Rs 274.40 to Rs 336.70 per equity share

Notes:

* Granted 8,662,495 options out of the options lapsed over a period of time.

** Granted 8,850,078 options out of the options lapsed over a period of time.

• The options granted to the senior managerial personnel under both the schemes are subject to the adjustments as per the terms of respective performance share plan.

• During the year, the ESOP Compensation Committee had revised the performance measures and vesting schedule of performance linked options granted to Mr. Manoj Kohli and Mr. Sanjay Kapoor under ESOP scheme 2001 and 2005.

• No employee was granted stock options exceeding 5% of the total grants or exceeding 1% of the issued capital during the year.

Annexure D

Statement of particulars of employees under Section 217(2A) of the Companies Act, 1956 read with the Companies (Particulars of Employees) Rules, 1975 for the year ended March 31, 2013 and forming part of the Directors’ Report

Sl. No. Name Designation Qualification(s) Age (In years) Date of Commencement of Employment Total experience (in years) Nature of duties of the employee Gross Remuneration Previous employment/Designation
(in Rs )
(A) EMPLOYED THROUGHOUT THE FINANCIAL YEAR
1 A M Rai Hub - Chief Technical Officer B.E/B.Tech 52 28-Sep-00 30 Operations 8,577,288 Fibcom/Project Lead
2 Abhay Johorey Head - Airtel.com PGDBM 48 18-Oct-10 25 Business Head 12,001,994 Aviva Asia PTE LTD/Director Operations
3 Abhay Savargaonkar Head - Operations B.E/B.Tech 48 5-Aug-06 23 Operations 14,227,752 Bharti Infotel Ltd/Chief Technology Officer
4 Abhilasha Hans CSO - B2C MBA 48 23-Jan-07 22 Customer Service Delivery 17,808,715 Teletech Services India Limited/Sr. Vice President
5 Ajai Puri Director - DTH Post Graduation 52 15-May-04 32 Business Head 18,773,382 Cargill Foods India/Business Head-India Foods
6 Ajay Chitkara Head - Global Data Business PGDBM 41 1-May-01 19 Business Head 9,592,940 Comsat Max Limited/Area Sales Manager
7 Alexander Andrew Kelton President - Enterprise Services BSc. Electrical Engineering, Chartered Engineer (Eeng) and MIET 54 5-Jul-10 34 Business Head 39,118,244 Telstra International/Managing Director
8 Alok Bafna Sr. Vice President- Finance CA 39 29-Dec-03 15 Finance 6,291,117 Idea Cellular Ltd./Manager - Finance
9 Anand Kumar Tk Hub - Chief Technical Officer M.Tech/M.S 57 5-May-10 24 Operations 6,315,856 Sistema shyam teleservices ltd/Director
10 Anant Arora CEO-Market Operations Gujarat B.E/B.Tech 46 11-Apr-03 23 Business Head 11,938,077 Reliance Infocomm Ltd/Head - Sales Operations
11 Anantharaman R Head - IFFCO Post Graduation 46 26-Sep-03 22 Business Head 7,271,361 BPL Mobile Cellular Ltd/Business Head
12 Anjani Rathor Head Products PGDBM 40 10-Dec-07 16 M Commerce 8,861,423 Delhi Accenture Boeing/Director, Strategy and Business Development
13 Anuj Khungar Hub - Chief Technical Officer Post Graduation 49 28-Feb-05 25 Operations 6,903,699 Reliance Infocomm Ltd/Chief Technical Officer
14 Anuradha Sehgal Head - Brand & Advertising MBA 40 4-Oct-10 18 Brand 6,177,100 Reckitt Benckiser India Ltd./Marketing Manager
15 Argha Basu Product Head Post Graduation 45 25-Feb-08 22 Prod Dev & Business Sol Group 8,169,349 VSNL/Business Head-Mpls
16 Ashish Arora Chief Operating Officer -ES Corporate-HO MBA 43 3-Apr-07 18 Sales 8,819,452 Sify Ltd/National Sales Head
17 Avinash Deepak Regional Business Head B.E/B.Tech 42 28-Aug-06 19 Sales 6,015,208 BT Infonet/National Head - Strategic Accounts
18 Badal Bagri Chief Controller B2C CA 41 24-Sep-10 13 Finance 17,085,102 Genpact/Sr Vice President and Global Controller
19 Bharat Bambawale Director - Global Brand B.Sc. 51 1-Aug-11 29 Brand 14,187,247 J Walter Thompson/Global Business Director
20 Deepa Chadha Vice President - HR PG Diploma 41 9-Feb-09 18 Human Resources 6,304,074 Genpact/Vice president HR Shared Services
21 Deepak Bhatia Head - Service Experience MBA 40 10-Oct-05 17 Customer Service Delivery 6,201,000 Tata Tele Services Ltd/Head - CSD
22 Deven Khanna Director - CMD’s Office B.Com, CA 53 1-Sep-04 23 Finance 16,413,348 Triveni Engineering Industries Ltd./VP- Corp Finance & Planning
23 Dharmender Khajuria Chief Operating Officer -J&K MBA 44 21-Nov-01 21 Business Head 6,787,854 National Panasonic/Sr. Sales Officer
24 Dhruv Bhagat CEO-Market Operations Bihar PGDBM 43 1-Sep-06 17 Business Head 9,153,860 Hutchison Essar Ltd./Business Head
25 Dipak Roy Business HR Head MBA 46 19-Jun-06 25 Human Resources 11,792,491 IBM/General Manager
26 Dushyant Kumar Sr. VP - Deployment & Operations Head B.E/B.Tech 47 2-Nov-98 21 Deployment 6,561,512 Bharti BT Internet Ltd/manager
27 Felix Mohan Head SCG Post Graduation 57 9-Oct-06 33 Information Technology 10,029,871 Secure Synergy/Director
28 Gautam Anand Vice President -Business Head MBA 36 30-Jul-09 14 Business Head 6,425,595 Citibank/Portfolio Management
29 George Mathen CEO-Market Operations Assam Post Graduation 44 17-Nov-06 22 Business Head 8,431,917 Coca Cola India/Head - Sales
30 George Fanthome Chief Informations Officer - B2B MBA 46 9-Jul-07 24 Information Technology 8,366,493 Genpact/Vice President
31 H Cajetan Rubenselvadoray Head HR Post Graduation 42 18-Jul-05 19 Human Resources 6,855,483 Motorola India Ltd./Head Learning, HR Strategy and OD
32 Harjeet Kohli Group Treasurer MBA 39 19-Jan-09 15 Finance 9,076,909 Citigroup India/Director
33 Harjinder Singh Kohli Head - Government Vertical Graduation 46 22-Sep-11 26 Sales 6,326,312 Sify Technologies Limited/Sr Vice President & Head Government Business
34 Heera Lal Gupta Head - Planning B.E/B.Tech 45 16-Feb-99 24 Planning 7,971,657 Koshika Telecom Ltd./Sr.Manager
35 Indeevar Krishna Head - Ops. And Customer services (AMSL) PGDBM 44 1-Nov-10 19 Customer Service Delivery 7,592,798 CITIBANK/Head - Branch Operations and Service, North
36 Inder Walia Group Director - Human Resources PGDBM 55 6-Aug-07 29 Human Resources 36,709,008 Arcelor Mittal/Executive Vice President, HR
37 Jagbir Singh Director - Network Service Group (India & South Asia) MBA 48 13-Apr-11 26 Technical 26,936,824 Reliance Communications Ltd./CTO
38 Jai Menon Director - Global Innovation & IT MS–Mech Engg. & PhD Mech Engg & Computer Sciences 49 4-Apr-11 21 Information Technology 62,823,020 Vodafone Group Services Ltd./Group Technology Strategy Director
39 Jayant Sood Head Customer services - Market Ops India CA 48 12-Aug-09 28 Customer Service Delivery 11,688,569 American Express/Business Leader
40 Joaquim Mario Do Carmo Pereira Group Director - Internal Assurance ACCA 51 6-Feb-12 28 Corporate Audit Group 8,915,636 Millicom International Cellular S.A./Head of Internal Audit, Compliance & Revenue Assurance
41 Jyoti Pawar Director - Legal & Regulatory Solicitor’s Degree, LLB 47 18-Aug-08 21 Legal 14,079,764 GE Money/Senior VP- Legal & Compliance
42 K Srinivas President - Consumer Business BE, PGDBM 50 7-Nov-02 25 Business Head 32,199,270 Hindustan Lever Ltd./Business Manager New Ventures
43 Kaushal Modi Head - Digital Media Post Graduation 39 12-Jul-10 15 Business Head 8,290,477 Prime Focus Technologies Private Limited/Vice President - Business Development & Sales
44 Kishor Asrani Chief Operating Officer -ES Corporate-South Graduation 43 15-Feb-05 22 Business Head 7,272,649 HCL Infinet Limited/Zonal Head - North & East
45 Krish Shankar Executive Director - Human Resources PGDBM 50 23-Mar-07 29 Human Resources 29,125,910 Unilever Asia Africa Singapore (Hindustan Lever Ltd.)/Vice President - HR
46 Krishan Mohan Saxena Head - Internal Enterprise Systems B.E/B.Tech 47 19-May-08 26 Information Technology 6,286,966 Genpact India/Vice President
47 Lal Bahadur Prasad Head CSD Post Graduation 46 1-Jul-02 24 Customer Service Delivery 7,538,586 Wipro Infotech/Regional Manager
48 M.p. Deepu Sales & Marketing Head Graduation 40 15-Oct-96 18 Sales 8,318,981 "HAB EST, Saudi Arabia"/Sales Executive
49 Manish Mamtani Head Governance & PMO B.E/B.Tech 44 5-May-08 22 Information Technology 7,166,249 Genpact/Vice President
50 Manoj Kumar Garg Head HR - Consumer Business & MBA 44 17-Aug-09 19 Human Resources 6,700,011 DELL International Services/Site HR
Central Functions Head
51 Manoj Murali Chief Operating Officer -AP MBA 42 1-Oct-01 18 Business Head 6,270,851 Crompton Greaves/Area Sales Manager
52 Manoj Paul Chief Operating Officer -ES Corporate BE & MBA 45 8-Apr-02 22 Business Head 8,083,811 HCL Commet/GM Legal
53 Manu Sood Head Distribution MBA 40 13-Jan-12 12 Business Head 8,181,447 Hindustan Lever Limited/General Manager - North India
54 Meenakshi Vajpai Head Architecture Post Graduation 50 12-Aug-03 24 Information Technology 6,736,828 vCustomer Services India Pvt Ltd/GM
55 Milan Rao Head - Enterprise & Government BE & MBA 42 1-Apr-03 19 Business Head 8,786,572 JM Morgan Stanley/Head Sales
56 Mohit Beotra Head - Emerging Business MBA 45 22-Mar-10 23 Business Head 12,253,083 Lowe Lintas India Limited/Executive Director
57 Mukesh Bhavnani Group General Counsel & Co. Secretary LLB, ACS 58 2-Jun-11 35 Co. Secretary 20,697,740 Essar Group/Group President - Legal
58 Munish Kanotra Head - BPCI PGDBM 42 9-Oct-01 17 Marketing 10,592,270 Spice Telecommunications/Sr Manager
59 Murali Kittu Chief Operating Officer -Tamil Nadu MBA 44 1-Jul-05 21 Business Head 7,777,382 Standard Chartered Bank/National Manager
60 N Rajaram Chief Marketing Officer - B2C MBA 45 1-Apr-11 21 Marketing 15,709,447 HINDUSTAN UNILEVER LIMITED/VICE PRESIDENT
61 Najib Khan Chief Marketing Officer BE & MBA 43 3-Jul-01 21 Marketing 9,225,388 Alcatel Business Systems/Technical Manager
62 Narender Gupta Group Director - Corporate Affairs B.Com, PGDBM, FCS, LLB 55 1-Feb-99 33 Corporate Secretarial & Regulatory 14,392,886 DLF Cement Ltd./Sr.Manager-Legal to GM-Legal
63 Neil Pollock Head - Service Operations and CSD Transformation MBA 47 23-Nov-09 26 Customer Service Delivery 26,860,654 Optus Pty. Ltd./Head of Strategy & Productivity
64 Nilanjan Roy CFO India & South Asia CA 47 1-Mar-06 23 Finance 19,074,355 Unilever Nv/Plc, Usa/Finance Director
65 Pankaj Sarna Head Taxation CA 52 16-Jan-99 28 Finance 6,469,674 Modi Xerox Ltd./Controller - Indirect
66 Prasanta Dassarma CEO-Market Operations West Bengal BE & MBA 50 19-Aug-02 28 Business Head 14,599,164 HFCL/Associate Vice President
67 Prashant Dogra Head - Entertainment & Education PGDBM 41 2-Jun-11 15 Marketing 6,002,321 NAVTEQ India Pvt. Ltd/Head - Customer Marketing
68 Puneet Garg VP - BW Access Planning & Engineering B.E/B.Tech 44 30-Jan-06 21 Planning 6,778,732 Lucent Technologies/Asst. Director - NOS
69 Pvv Srinivasa Rao CEO-Market Operations UP East PGDBM 45 19-Aug-10 22 Business Head 8,129,486 Cambridge Systems Inc/COO
70 R Mahalakshmi Sr. Vice President - HR MBA 39 30-Oct-08 16 Human Resources 8,799,150 Ranbaxy Laboratories Ltd/GM-HR (L & D)
71 Raghunath Mandava Operations Director - East Hub BE & MBA 46 29-Sep-03 23 Business Head 16,868,617 Hindustan Lever Ltd./Operations & Marketing Manager
72 Rajesh Joshi Chief Operating Officer -Maharashtra MBA 43 9-Mar-09 18 Business Head 7,181,035 Pantaloon Retail (India) Ltd./Head - Properties & Malls and Zonal Head - West
73 Rajnish Kaul CEO-Market Operations MP&CG Graduation 45 28-Jan-03 24 Business Head 9,472,116 Escotel Mobile Communications Ltd/ Head Sales
74 Rakesh Kumar Head NLD Ops PGDBM 45 1-Apr-06 23 Operations 6,474,094 BSNL/Joint Deputy Director General
75 Ramesh Menon CEO-Market Operations Maharashtra PGDBM 46 26-Oct-09 23 Business Head 12,638,389 Spencers Retail Ltd/Sr VP- Operations
76 Ravi Kumar Sreeramulu Chief Supply Chain Officer Operations BE & MBA 52 5-Aug-10 27 Supply Chain Management 14,690,750 Samsonite Singapore Pte Ltd/Vice President - Southeast Asia
77 Ravindra Singh Negi Chief Operating Officer -UP East PGDBM 41 1-Aug-00 18 Business Head 8,199,438 Koshika Telecom Ltd./Product Manager - Prepaid
78 Rohit Gothi CEO-Market Operations NCR MBA 45 17-Apr-09 22 Business Head 12,876,900 Lornamead Acquisitions, London/Country Director, India
79 Rohit Malhotra CEO-Market Operations KK PGDM 45 15-Apr-09 21 Business Head 11,448,036 Pantaloon Retail India Ltd/Head Operation - South Zone
80 S Asokan Executive Director - Supply Chain B.E (Mechanical),AICWA 55 7-Jun-06 28 Supply Chain Management 20,905,698 Eicher Good Earth Limited/General Manager
81 S Balasubramanian Chief Accounting Officer CA 47 8-Aug-05 22 Finance 7,210,466 Coke/General Chief Accountant
82 S K Sharma Head - OE & Quality B.E/B.Tech 57 9-May-03 34 Operational Excellence 8,440,202 GE Capital/Vice President - Quality
83 Samit Guha Financial Controller India & South Asia CA 43 17-Mar-04 22 Finance 7,088,177 Philips India Limited/Factory Controller
84 Sanjay Kapoor CEO- Bharti Airtel- India & South Asia B.Com (Hons), MBA 51 1-Jul-98 29 Business Head 88,002,849 Tele Tech Services India Ltd./President & CEO
85 Sanjay Kumar Jain Circle - Chief Technical Officer B.E/B.Tech 45 3-Aug-09 21 Operations 6,147,888 Smart Digivision Pvt. Ltd./CTO
86 Sanjeev Bedekar Sr VP - Network Quality & Governance M.Tech/M.S 48 24-Aug-06 26 Quality 7,714,394 Tata Teleservices Ltd/Vice President
87 Sanjeev Kumar Global Chief - Revenue Assurance CS 48 30-Jan-95 26 Finance 8,796,189 A F Ferguson/Consultant
88 Sanjeev Mahajan Head - Enterprise Voice & Solution Graduation 45 19-Sep-05 22 Prod Dev & Business Sol Group 6,165,222 Idea Cellular Limited/DGM-National Accounts
89 Sanjeev Singh Head - Contact Experience Post Graduation 47 7-Jul-11 23 Customer Service Delivery 7,031,400 Genpact/Senior Vice President
90 Sarang Kanade CEO-Market Operations Punjab Post Graduation 42 2-Mar-10 16 Business Head 7,150,013 Spencers Retail Ltd/VP Operation
91 Sarvjit Singh Dhillon Group CFO BA.,(Hons) FCIMA, MBA 47 29-Jun-01 25 Finance 32,411,662 British Telecom/ED & CFO
92 Saurabh Goel Chief Operating Officer -KK Post Graduation 45 27-Jun-03 17 Business Head 8,615,305 Hughes Escorts Comm. Ltd./Team Lead
93 Sayali Phatak Vice President-Legal LLB 47 22-Dec-10 17 Legal 6,168,203 Nokia siemens Network/Vice President
94 Shaikhali Soyeabalibarodawala Regional Business Head Graduation 46 28-Jan-02 27 Sales 6,092,037 SATYAM INFOWAY/Regional Manager
95 Sharlin Thayil CEO-Market Operations AP PGDBM 51 28-Dec-00 27 Business Head 19,443,917 BILT/Deputy General Manager-South
96 Shashi Arora CEO - DTH -Media BE & MBA 48 1-Feb-06 23 Business Head 12,795,238 Kotak Mahindra Bank/Group Head - Marketing
97 Shefali Malhotra Finance Controller CA 40 1-Mar-00 18 Finance 7,409,150 Airborne Express/Manager Accounts
98 Shishir Kumar CEO-Market Operations Punjab PGDBM 49 31-Aug-06 26 Business Head 8,494,238 Beta Healthcare International Ltd/Chief Operating Officer
99 Soumya Ranjan Jena Circle - Chief Technical Officer B.E/B.Tech 46 5-Apr-07 18 Operations 6,235,453 Ecnet (Celtel Nigeria Ltd)/Manager
100 Srikanth Balachandran Airtel CFO CA, B.Com 52 17-Nov-08 32 Finance 29,081,057 Hindustan Unilever Limited/Programme Leader – Global Finance
101 Sriraman Jagannathan CEO M-Commerce BE & MBA 47 4-Jan-10 24 M Commerce 17,790,052 Citibank/Vice President
102 Sudipto Chowdhury CEO-Market Operations Rajasthan Graduation 49 16-Jun-03 27 Business Head 14,739,602 Bharti Hexaom Ltd./Vice President
103 Sukesh Jain Chief Marketing Officer BE & MBA 45 1-Jun-00 21 Marketing 7,947,631 Procall/Sr. Manager
104 Suman Kargupta Head - Transformation Projects Diploma 43 23-Mar-09 21 Customer Service Delivery 6,299,220 Tata Teleservices Limited/Head - Business Excellence and Customer Relationship Management
105 Sunil Bharti Mittal Chairman Graduate 55 1-Oct-01 27 General Management 225,568,548 Bharti Cellular Ltd./CMD
106 Surendra Bisht Deputy General Manager BE & MBA 38 9-Feb-09 17 Sales 6,291,885 Quantum Corporation/National Pre-sales Manager
107 Surendran C Chief Operating Officer -NCR BE & MBA 47 4-Nov-03 25 Business Head 9,265,809 Modi Xerox/Head-Outsourcing
108 Umesh Gupta Head Infrastructure PGDSM 45 12-Dec-06 22 Information Technology 8,507,714 Equinox Overseas Private Limited/Chief Information Officer
109 V Sankaranarayanan Head - Special Projects B.E/B.Tech 57 1-Feb-11 32 Operations 8,606,041 ETISALATDB/OPerations Head
110 Venkatesh Vijay Raghavan Head - Mkt Ops India PGDBM 40 4-Jul-03 18 Marketing 7,055,471 Reliance Infocom Ltd./Product Manager- Marketing
111 Vijai Prakash Tripathi Head UNOC Post Graduation 50 15-Dec-97 25 Operations 6,730,679 Optel Telecom Ltd./Project Lead
112 Vikas Singh CEO KTN MBA 46 22-Aug-06 23 Business Head 13,223,979 Hutch India/AVP-Sales & Marketing Operations
113 Vir Inder Nath Chief Operating Officer -West Bengal PGDBM 40 23-Apr-07 16 Business Head 6,131,873 IDEA Cellular/DGM
114 Vivek Manglik Head Voice Sales International PGDBM 43 6-Sep-10 18 Sales 6,810,963 TATA COMMUNICATIONS LIMITED/GM SALES
115 Zairus Master Head - Devices MBA 41 18-Apr-11 16 Marketing 7,554,200 Nokia India pvt Ltd/Head Solution Marketing

 

Sl. No. Name Designation Qualification(s) Age (In years) Date of Commencement of Employment Total experience (in years) Nature of duties of the employee Gross Remuneration (in Rs ) Previous employment/ Designation
(B) EMPLOYED FOR PART OF THE FINANCIAL YEAR
1 A Ganesh Sr. Vice President -Business Head PGDBM/B. Tech 36 1-Feb-13 12 Business Head 1,118,686 Hindustan Unilever Limited/ General Manager
2 Amit Vyas Head Submarine Cable Projects MBA 39 14-Jun-04 16 Network 3,484,032 N.M. Rothschild/Sr Consultant
3 Amrita Gangotra CIO - India & South Asia Post Graduation 48 25-Nov-02 23 Information Technology 15,241,694 HCL Comnet Ltd/Chief Information Officer
4 Ananda Mukerji Group Director - Business Development PGDBM, B.Tech 53 7-Mar-11 27 Business Development 23,029,275 Firstsource Solutions Limited/Founding Managing Director & CEO
5 Anil Sharma Advisor - Group Corporate Affairs B.A. 60 19-Mar-12 37 Corporate Affairs 5,275,316 JSW Ispat Steel Limited/ Director - Corporaye Affairs
6 Anupma Suneja Head - Measurement & Research PGDBM 41 9-Apr-07 16 Operational Excellence 1,301,620 Synovate India/Research Director
7 Ashish D Kalay Chief Informations Officer - B2C MBA 48 8-Nov-10 23 Information Technology 8,768,495 Colt Telecom/Director/IT Head- India
8 Gopal Vittal JMD & CEO (India) MBA 47 3-Apr-12 22 Business Head 27,045,755 Hindustan Uniliver Limited/ Executive Director
9 Jitin Wasan Head - Legal & Compliance CS 37 27-Jan-03 13 Legal 4,798,688 Rajinder Narain & Co. Advocates/Associate
10 Kamal Hingorani Head - Internal Audit, India & South Asia BE & MBA 42 28-Jul-09 18 Corp Audit Group 7,334,803 Standard Chartered Bank/ Senior Audit Manager
11 Krishna K Ganesan Head - Commerce & Emerging Mkts MBA 47 1-Nov-10 21 Information Technology 3,004,331 BA Continuum Solutions/SVP Global Banking Technology
12 L Ramakrishna CSCO Post Graduation 48 29-Sep-00 25 Supply Chain Management 3,133,008 Alcatel Business Systems/Sr Manager
13 Moti Gyamlani Global Head - Supply Chain Management Masters in International Business Administration 40 17-Dec-12 17 Supply Chain Management 6,957,444 GE Energy/Group Vice President - Global supply Chain
14 N Arjun Director - Projects B.Com, MBA and P.G. Diploma in International Trade 56 17-Jan-83 30 Business Head 7,320,570 Bharti tele Ventures Ltd/Chief Operating Officer
15 N L Garg CSCO B.E/B.Tech 48 19-Jul-04 26 Supply Chain Management 6,865,569 Escotel Mobile Communications Ltd/Dy Manager
16 Partha Roy Market Operations - India Post Graduation 45 16-Apr-98 22 Supply Chain Management 4,308,089 Onida Savak Ltd.(Noida)/ Deputy Manager
17 Rajan Swaroop Executive Director - NSBU BE & MBA 56 15-Nov-04 31 Business Head 16,960,374 Escotel Mobile Communication/CEO & ED
18 Rajiv Rajgopal Head - Broad Band & Data MBA 45 12-Sep-07 22 Business Head 13,351,429 Castrol India Limited/VP Sales - Retail
19 Ramamurthy Kolluri VP - Telecom & Service Management Post Graduation 58 3-Nov-00 33 Strategic Architectural Engineering 6,051,224 Siemens Public Communication Networks Ltd/VP Information & Broadband
20 Ravi Chandran Head - BSG Post Graduation 48 31-Dec-07 22 Prod Dev & Business Sol Group 5,602,187 Reliance Communication/ Head - Pragramme Mgmt
21 Ravi Kaushal Senior Vice President -Business Head CA 57 17-Apr-95 33 Business Head 3,692,288 TCILl Bellsouth Ltd./General Manager-Finance
22 S. Sriram Head Marketing - DTH & Media Post Graduation 40 18-Oct-04 16 Marketing 1,337,609 Mother Dairy Ltd./Marketing Mgr.
23 Sameer Kirit Anjaria Chief Operating Officer -Orissa MMS/B.E 40 3-Dec-12 16 Business Head 2,046,720 Nokia Corporation MEA/Head Care Channel Development, IMEA
24 Sanjay Berry Head - Corporate Planning & Reporting CA 44 29-May-12 18 Finance 5,307,515 SCS India Pvt Ltd/Director - Tax
25 Shankar Halder Chief of Network Operation B.E/B.Tech 54 19-Apr-04 30 Network 20,349,816 Escotel Ltd./Chief Technical Officer
26 Shyam P Mardikar Head - SAE B.E/B.Tech 42 26-Jul-12 20 Strategic Architectural Engineering 4,936,759 Leara/Chief Technical Officer
27 Srikanth Gummadi VP - Standardization & Industry Coorporation M.Tech/M.S 37 14-Feb-11 12 Strategic Architectural Engineering 3,240,632 Qualcomm Inc/Principal Engineer
28 Sudeep Banerjee Head HR Telemedia MBA 43 21-Feb-05 21 Human Resources 8,818,722 Aventis/General Manager-HR
29 Sugato Banerji VP - Marketing Projects PGDBM 49 17-Sep-07 22 Marketing 4,714,827 VISA/Director- Prepaid,Business Development,South Asia
30 Suresh Kumar Jayaraju Head - Application Data PGDBM 39 3-Jul-12 16 Marketing 4,503,621 Reliance Communications Ltd/V.P., Head of New Age VAS
31 Vineet Taneja Operations Director - South Hub BE & MBA 49 17-May-10 25 Business Head 19,597,102 Nokia India/Head of Marketing

Notes:

1. Gross remuneration comprises of Salary, Allowances, Company’s contribution to Provident Fund and taxable value of perquisites.

2. The employee would qualify for being included in Category (A) or (B) on the following basis: For (A) if the aggregate remuneration drawn by him during the year was not less than Rs 6,000,000 per annum. For (B) if the aggregate remuneration drawn by him during the part of the year was not less than Rs 500,000 per month.

3. None of the employees mentioned above is a relative of any Directors of the Company except Mr.Sunil B Mittal and Mr.Rajan B Mittal, who are brothers.

4. None of the employees mentioned above hold 2% or more share capital of the Company.

5. The designation -’ Director’ wherever prefixed describing the area of responsibility occurring in the above Statement is not a Board position except that of Mr.Sunil B Mittal.

6. There are no specific terms and conditions for employment.

7. Nature of employment for all the employees is permanent except for Mr. Sunil Bharti Mittal, Mr. Gopal Vittal and Mr. Neil Pollock which is contractual.

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