268 Limited Annual Report 2016–17 % of % of 95% 70% 95% 90% 90% 90% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 61.68% 61.68% 80.10% 96.36% 98.50% ( ` Millions) shareholding ^ ------9 8 2 9 3 43 14 11 28 274 100 Community Community Contribution ------18 19 67 13 46 54 386 110 961 149 656 306 773 1,392 9,361 9,897 1,613 1,903 2,869 3,136 1,319 1,364 1,944 4,010 Capital 52,598 period # reporting reporting during the Expenditure Expenditure ------818 8,905 Dividend Proposed Proposed - - 0 8 61 41 65 54 (0) 120 242 611 418 439 237 122 (90) (75) (36) (68) (16) After After (278) 2,513 3,001 1,315 6,601 1,538 2,877 4,013 6,305 2,573 (Loss) Profit/ Profit/ 27,050 18,650 36,388 (2,483) (2,443) (2,156) (3,107) (1,622) (1,006) (5,084) Taxation Taxation (12,507) (123,414) (207,117)

------0 1 0 2 for 21 20 13 30 93 26 93 62 132 110 384 900 939 345 123 225 (40) 3,194 1,170 6,307 (1,094) Taxation Taxation Provision Provision - - 0 0 62 78 91 10 54 26 374 611 418 439 146 330 122 (90) (68) (16) (278) (115) 2,513 3,111 1,315 9,795 1,783 2,708 4,913 7,244 2,573 (Loss) Before Before Profit/ Profit/ (3,014) 33,357 18,651 36,388 (2,463) (2,443) (1,811) (1,499) (1,006) (5,084) Taxation Taxation (12,282) (123,030) (207,117) ------2 0 317 264 529 756 7,380 4,554 5,507 3,838 2,869 1,285 2,801 8,666 5,587 9,173 1,685 6,768 34,306 51,255 18,532 14,198 11,188 18,471 11,023 10,645 16,195 Turnover Turnover 604,878 ------4 2,910 60,419 Investments* Investments* - - 1 1 0 83 46 871 707 532 763 113 947 428 Total Total 3,197 3,885 4,322 5,131 5,647 2,223 5,527 20,779 68,140 13,756 51,049 12,933 20,207 29,313 17,111 18,831 13,682 18,339 50,473 11,809 18,982 52,493 20,182 67,234 39,440 69,797 80,513 11,707 130,992 (81,048) Liabilities - - 0 31 422 764 410 924 644 Total Total 3,545 6,448 8,811 4,231 8,754 4,122 2,701 1,400 5,951 Assets Assets 70,762 90,191 23,222 34,857 15,257 96,141 11,171 18,750 16,925 23,056 12,743 45,411 11,872 15,920 11,987 10,443 57,851 12,385 10,329 61,019 20,866 67,235 30,065 12,149 444,457 212,844 - - 0 0 56 160 933 451 453 423 215 442 (544) (679) (307) (142) (163) 2,621 3,236 4,558 8,670 6,339 5,357 (7,798) 23,425 64,328 45,297 92,884 10,282 (5,018) (5,941) (1,010) (9,173) (8,347) (6,217) (2,563) 160,456 143,875 Reserves Reserves (32,929) (20,016) (34,452) (50,471) (112,697) (207,086) - - 1 1 7 1 1 1 1 0 1 1 1 0 1 1 1 2 1 1 0 30 51 41 36 27 23 892 230 226 159 634 550 Share Share 5,102 2,500 9,944 2,939 Capital 53,010 13,531 18,496 15,878 127,347 222,342 153,010 2017 1.000 1.000 1.000 1.000 1.000 1.000 0.426 1.000 1.000 1.000 9.672 1.000 1.000 1.000 1.000 0.426 8.348 0.807 1.000 1.000 1.000 0.582 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 64.850 64.850 69.344 81.208 64.850 613.448 613.448 613.448 613.448 103.075 724.586 Exchange Exchange Rate as of as of Rate March 31, March 3,615.877 March 31, 2017 March March 31, 2017 March March 31, 2017 March March 31, 2017 March March 31, 2017 March March 31, 2017 March March 31, 2017 March 31, 2017 March 31, 2017 March 31, 2017 March March 31, 2017 March March 31, 2017 March March 31, 2017 March March 31, 2017 March March 31, 2017 March March 31, 2017 March March 31, 2017 March March 31, 2017 March 31, 2017 March March 31, 2017 March March 31, 2017 March 31, 2017 March March 31, 2017 March March 31, 2017 March March 31, 2017 March March 31, 2017 March March 31, 2017 March March 31, 2017 March March 31, 2017 March March 31, 2017 March March 31, 2017 March March 31, 2017 March March 31, 2017 March March 31, 2017 March March 31, 2017 March December 31, 2016 December December 31, 2016 December December 31, 2016 December December 31, 2016 December December 31, 2016 December December 31, 2016 December December 31, 2016 December December 31, 2016 December December 31, 2016 December Financial Year End Financial Year Apr '16 to Mar '17 Mar '16 to Apr Apr '16 to Mar '17 Mar '16 to Apr Apr '16 to Mar '17 Mar '16 to Apr Apr '16 to Mar '17 Mar '16 to Apr Apr '16 to Mar '17 Mar '16 to Apr Apr '16 to Mar '17 Mar '16 to Apr Apr '16 to Mar '17 Mar '16 to Apr '17 Mar '16 to Apr '17 Mar '16 to Apr '17 Mar '16 to Apr Apr '16 to Mar '17 Mar '16 to Apr Apr'16 to Mar'17 Apr'16 to Dec'16 Jan'16 to Jan'16 to Dec'16 Jan'16 to Jan'16 to Dec'16 Jan'16 to Reporting Period Reporting Period Apr'16 to Mar'17 Apr'16 to Apr '16 to Mar '17 Mar '16 to Apr Apr '16 to Mar '17 Mar '16 to Apr Apr '16 to Mar '17 Mar '16 to Apr Apr '16 to Mar '17 Mar '16 to Apr Apr '16 to Mar '17 Mar '16 to Apr '17 Mar '16 to Apr Apr '16 to Mar '17 Mar '16 to Apr Apr'16 to Mar'17 Apr'16 to Mar'17 Apr'16 to Apr'16 to Mar'17 Apr'16 to Apr '16 to Mar '17 Mar '16 to Apr Jan'16 to Dec'16 Jan'16 to Mar'17 Apr'16 to Apr '16 to Mar '17 Mar '16 to Apr Apr'16 to Mar'17 Apr'16 to Jan'16 to Dec'16 Jan'16 to Apr '16 to Mar '17 Mar '16 to Apr Apr '16 to Mar '17 Mar '16 to Apr Apr'16 to Mar'17 Apr'16 to Jan'16 to Dec'16 Jan'16 to Apr'16 to Mar'17 Apr'16 to Apr'16 to Mar'17 Apr'16 to Apr'16 to Mar'17 Apr'16 to Dec'16 Jan'16 to Apr'16 to Mar'17 Apr'16 to Apr'16 to Mar'17 Apr'16 to Jan'16 to Dec'16 Jan'16 to Jan'16 to Dec'16 Jan'16 to INR INR USD INR INR INR USD INR LKR INR INR USD UGS ZMW XOF Reporting Currency USD INR INR INR LKR EUR HKD BDT USD USD USD JPY XAF USD INR USD XAF GBP USD USD XAF USD USD USD KES USD USD CDF MWK India India Mauritius India India India Sri Lanka India Singapore Mauritius India Uganda Netherlands Zambia Niger Country of of Country Registration Netherlands India India India Sri Lanka France Hongkong Bangladesh Netherlands Netherlands Netherlands Japan Chad Netherlands India Netherlands Gabon United Kingdom United United States of of States United America Netherlands Congo Brazzavile Netherlands Netherlands Kenya Netherlands Netherlands Netherlands Democratic Democratic of Republic Congo Malawi March 14, 2017 March February 5, 2013 February September 28, 2007 September June 5, 2007 September 21, 2015 September March 4, 2009 March March 29, 2007 March 18, 2004 May March 18, 2010 March April 6, 2010 April 1, 2010 June 8, 2010 June 8, 2010 June 8, 2010 Date on which Date subsidiary was acquired March 19, 2010 March January 13, 2015 July 2, 2013 July November 30, 2006 November March 4, 2008 March June 9, 2010 12, 2006 October June 26, 2011 June 8, 2010 June 8, 2010 June 8, 2010 April 5, 2010 June 8, 2010 June 8, 2010 March 26, 2001 March June 8, 2010 June 8, 2010 August 29, 2006 September 12, 2006 September June 8, 2010 June 8, 2010 June 8, 2010 June 8, 2010 June 8, 2010 June 8, 2010 June 8, 2010 June 8, 2010 June 8, 2010 June 8, 2010 June 8, 2010 c c c a a a a b a a e e b b b b b b b b b b b b b b b a, f a, f a, i a, g b, d b, d b, d b, d b, d b, d b, d b, d b, d b, d b, d b, h b, d Note Note Limited Bank Airtel Payments Name of the Subsidiary Name of Bharti International (Singapore) Pte Ltd Ltd Pte Bharti (Singapore) International Bharti (Mauritius) Limited Airtel International Limited Investments Nettle Infrastructure known as Nettle Developers (formerly Limited) Bharti (Netherlands) B.V. Airtel International Telesonic Networks Limited Networks Limited Telesonic Network Limited Network Bharti Telemedia Limited Bharti Telemedia Smatrx Services Limited Indo Teleports Limited Indo Teleports Limited Lanka (Private) Bharti Airtel Lanka (Private) Limited Bharti Airtel Lanka (Private) Bharti Limited Hexacom Bangladesh Infratel Networks Limited Bangladesh Infratel Limited ^^ Airtel Uganda Limited Bharti Airtel Uganda Holdings B.V. Airtel Networks Zambia Plc Bharti B.V. Wynk Limited Wynk Nxtra Data Limited Nxtra Bharti Infratel Limited Bharti Infratel Bharti Airtel (France) SAS Bharti Airtel (France) Limited Bharti Airtel (Hongkong) Bharti Airtel (Japan) Kabushiki Kaisha Airtel Tchad S.A. Airtel Tchad Bharti Airtel Burkina Faso Holdings B.V. Bharti Airtel Burkina Faso Bharti Airtel Chad Holdings B.V. Airtel Gabon S.A. Bharti Airtel Gabon Holdings B.V. Bharti Airtel Services Limited Airtel Congo S.A. Bharti Airtel Congo Holdings B.V. Bharti Airtel (UK) Limited Bharti Airtel (USA) Limited Airtel Congo (RDC) S.A. Bharti Airtel RDC Holdings B.V. Celtel Niger S.A. Niger Celtel Bharti Holdings B.V. Airtel Niger Airtel Malawi Limited Airtel Networks Kenya Limited Airtel Networks Kenya Bharti Airtel Malawi Holdings B.V. Bharti Airtel Kenya B.V. Bharti Airtel Kenya Bharti Airtel Kenya Holdings B.V. Bharti Airtel Kenya Bharti Airtel Mali Holdings B.V. 1 S. No. Salient features of the financial statement of subsidiaries, associates and joint ventures for the year ended March 31, 2017, pursuant to Section 129 (3) of the Companies Act 2013. to Section 129 (3) of 31, 2017, pursuant ended March year the for ventures and joint subsidiaries, associates of the financial statement of Salient features A - Subsidiaries Part 23 19 18 17 16 13 14 10 11 12 2 44 43 42 24 22 21 20 15 3 4 5 27 25 26 29 28 6 31 30 7 8 9 33 32 41 40 39 37 38 36 35 34 Corporate Overview Statutory Reports Financial Statements 269 % of % of 60% 60% 90% 90% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 100% 99.89% 99.89% 83.25% 83.25% ( ` Millions) shareholding ^ ------1 2 4 8 18 39 Community Community Contribution ------5 79 10 253 436 365 132 181 182 3,310 2,013 8,956 Capital period # reporting reporting during the Expenditure Expenditure ------Dividend Proposed Proposed ------0 1 25 69 25 (0) (2) (1) (3) (2) (0) (0) (1) (1) (1) 647 370 722 (34) (73) (44) (12) (30) (95) After After (269) (150) (414) (353) 1,172 (Loss) Profit/ Profit/ (3,625) (1,973) (2,992) (1,552) (3,810) Taxation Taxation (10,328) (20,618)

------0 1 1 0 5 0 for 52 42 64 81 58 (0) (9) 300 943 139 113 Taxation Taxation Provision Provision ------0 1 77 51 25 (0) (2) (1) (2) (3) (0) (0) (1) (1) (1) 647 434 127 835 (34) (72) (44) (12) (94) (269) (159) (275) (348) 1,172 (Loss) Before Before Profit/ Profit/ (3,583) (1,673) (2,992) (1,552) (3,810) Taxation Taxation (10,328) (19,674) ------0 1 73 94 88 283 713 453 1,395 3,847 1,460 8,340 1,302 1,248 2,587 15,134 59,519 Turnover Turnover ------199 Investments* Investments* - - - - 7 0 6 1 5 15 15 58 86 30 774 291 655 334 101 (47) (34) Total Total 1,104 1,434 1,809 2,744 3,164 2,618 1,787 3,426 5,805 1,117 3,151 1,082 35,806 15,361 42,643 11,499 16,045 51,739 12,447 83,917 (2,228) 139,832 139,763 Liabilities - - - - - 2 3 1 1 1 58 (0) 955 162 142 301 776 244 892 256 655 655 102 971 Total Total 2,121 6,192 2,352 3,164 2,618 4,978 1,485 3,820 4,279 1,160 1,578 Assets Assets 32,585 14,206 19,187 44,452 10,509 95,865 29,094 66,198 139,646 ------0 34 (0) (0) (7) (3) (5) 786 144 186 307 320 394 (12) (37) (30) (95) (403) (543) (542) (396) (303) (118) (118) 2,528 29,006 (3,223) (1,156) (5,367) (7,288) (1,527) (1,696) Reserves Reserves (24,646) (11,067) (29,105) (43,968) (17,762) - - - - 2 2 3 3 0 1 1 1 0 0 0 0 5 0 2 4 2 0 1 1 1 1 1 1 0 1 1 0 2 7 1 75 13 60 43 162 138 123 Share Share 1,190 Capital 27,167 2017 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 4.326 9.672 1.000 1.000 1.000 1.000 1.000 1.000 4.326 1.000 1.000 1.000 1.000 13.612 103.075 724.586 613.448 821.629 305.974 613.448 305.974 613.448 305.974 724.586 613.448 305.974 613.448 Exchange Exchange Rate as of as of Rate March 31, March 2,234.542 2,234.542 3,615.877 3,215.780 3,215.780 3,215.780 2,234.542 1,200.000 March 31, 2017 March March 31, 2017 March March 31, 2017 March March 31, 2017 March March 31, 2017 March March 31, 2017 March March 31, 2017 March March 31, 2017 March March 31, 2017 March March 31, 2017 March March 31, 2017 March March 31, 2017 March December 31, 2016 December December 31, 2016 December December 31, 2016 December 31, 2016 December December 31, 2016 December December 31, 2016 December December 31, 2016 December December 31, 2016 December 31, 2016 December 31, 2016 December 31, 2016 December 31, 2016 December 31, 2016 December December 31, 2016 December December 31, 2016 December December 31, 2016 December December 31, 2016 December December 31, 2016 December December 31, 2016 December December 31, 2016 December December 31, 2016 December December 31, 2016 December December 31, 2016 December December 31, 2016 December December 31, 2016 December December 31, 2016 December December 31, 2016 December December 31, 2016 December December 31, 2016 December December 31, 2016 December December 31, 2016 December December 31, 2016 December Financial Year End Financial Year Apr'16 to Mar'17 Apr'16 to Jan'16 to Dec'16 Jan'16 to Apr'16 to Mar'17 Apr'16 to Jan'16 to Dec'16 Jan'16 to Jan'16 to Dec'16 Jan'16 to Dec'16 Jan'16 to Jan'16 to Dec'16 Jan'16 to Apr'16 to Mar'17 Apr'16 to Jan'16 to Dec'16 Jan'16 to Reporting Period Reporting Period Jan'16 to Dec'16 Jan'16 to Jan'16 to Dec'16 Jan'16 to Dec'16 Jan'16 to Dec'16 Jan'16 to Dec'16 Jan'16 to Dec'16 Jan'16 to Dec'16 Jan'16 to Jan'16 to Dec'16 Jan'16 to Jan'16 to Dec'16 Jan'16 to Jan'16 to Dec'16 Jan'16 to Apr'16 to Mar'17 Apr'16 to Apr'16 to Mar'17 Apr'16 to Apr'16 to Mar'17 Apr'16 to Jan'16 to Dec'16 Jan'16 to Jan'16 to Dec'16 Jan'16 to Apr'16 to Mar'17 Apr'16 to Jan'16 to Dec'16 Jan'16 to Jan'16 to Dec'16 Jan'16 to Apr'16 to Mar'17 Apr'16 to Apr'16 to Mar'17 Apr'16 to Dec'16 Jan'16 to Apr'16 to Mar'17 Apr'16 to Apr'16 to Mar'17 Apr'16 to Jan'16 to Dec'16 Jan'16 to Jan'16 to Dec'16 Jan'16 to Jan'16 to Dec'16 Jan'16 to Apr'16 to Mar'17 Apr'16 to Jan'16 to Dec'16 Jan'16 to Jan'16 to Dec'16 Jan'16 to Jan'16 to Dec'16 Jan'16 to Jan'16 to Dec'16 Jan'16 to Jan'16 to Dec'16 Jan'16 to Jan'16 to Dec'16 Jan'16 to Jan'16 to Dec'16 Jan'16 to Jan'16 to Dec'16 Jan'16 to USD USD USD USD USD USD USD USD TZS Reporting Currency USD KES GHS ZMW TZS UGS MGA SCR MWK MGA USD USD USD XAF RWF USD NGN XAF USD USD GHS USD USD NGN XAF MGA USD NGN MWK TZS XOF NGN CDF CDF XAF Netherlands Jersey Netherlands Mauritius Mauritius Mauritius Mauritius Netherlands Tanzania Country of of Country Registration Mauritius Kenya Ghana Zambia Tanzania Uganda Madagascar Seychelles Malawi Madagascar Netherlands Netherlands Netherlands Chad Rwanda Netherlands Nigeria Gabon Netherlands Ghana Netherlands Netherlands Netherlands Nigeria Congo Brazzavile Madagascar Netherlands Nigeria Malawi Tanzania Niger Nigeria Democratic Democratic of Republic Congo Democratic Democratic of Republic Congo Gabon June 8, 2010 August 27, 2010 June 8, 2010 June 8, 2010 June 8, 2010 June 8, 2010 June 8, 2010 June 8, 2010 June 8, 2010 Date on which Date subsidiary was acquired June 8, 2010 June 8, 2010 June 8, 2010 June 8, 2010 11, 2010 November 7, 2010 October April 5, 2011 August 27, 2010 June 8, 2010 June 8, 2010 September 28, 2010 September October 5, 2010 October June 8, 2010 June 8, 2010 September 2, 2011 September June 8, 2010 January 27, 2011 October 26, 2010 October June 8, 2010 June 8, 2010 June 8, 2010 June 8, 2010 June 8, 2010 June 8, 2010 June 8, 2010 March 15, 2011 March June 8, 2010 June 8, 2010 December 15, 2010 December March 15, 2011 March June 8, 2010 March 7, 2011 March June 8, 2010 April 5, 2011 May 17, 2011 May c c c a a a a a a a a a a a a a a a a b b a, f c, e c, e c, e c, e a, e b, d b, d b, d b, d b, d b, d b, d b, d b, d b, d b, d b, d b, d b, d b, d b, d b, d Note Note Limited Airtel Tanzania Bharti Airtel Tanzania B.V. Bharti Airtel Tanzania Name of the Subsidiary Name of Airtel (Seychelles) Limited Airtel (Seychelles) Indian Ocean Telecom Limited Indian Ocean Telecom Airtel Mobile Commerce Holdings B.V. Holdings B.V. Airtel Mobile Commerce Airtel Mobile Commerce (Kenya) Limited (Kenya) Airtel Mobile Commerce (Ghana) Limited Airtel Mobile Commerce Zambia Limited Airtel Mobile Commerce Cellulaire Malgache de Téléphone Société S.A. Limited (Tanzania) Airtel Mobile Commerce Uganda Limited Airtel Mobile Commerce S.A. Madagascar Airtel Mobile Commerce Airtel Mobile Commerce Limited Limited Airtel Mobile Commerce Airtel Madagascar S.A. Airtel Madagascar Bharti Airtel Rwanda Holdings Limited Bharti Holdings Limited Airtel Rwanda Montana International Channel Sea Management Company Channel Sea Management Company (Mauritius) Limited Bharti Airtel Madagascar Holdings B.V. Bharti Airtel Madagascar Celtel (Mauritius) Holdings Limited Celtel S.a.r.l. Tchad Airtel Mobile Commerce Airtel Rwanda Limited Airtel Rwanda Bharti Airtel Nigeria Holdings B.V. Bharti Airtel Nigeria Holdings B.V. Airtel DTH Services Nigeria Limited Airtel DTH Bharti Airtel DTH Holdings B.V. Bharti Airtel DTH Airtel Money S.A. (Gabon) Airtel Money N.V. Africa Towers Airtel Mobile Commerce B.V. B.V. Airtel Mobile Commerce MSI-Celtel Nigeria Limited Nigeria Limited MSI-Celtel Mobile Commerce Congo S.A. Mobile Commerce Madagascar Towers S.A. Towers Madagascar Airtel Ghana Limited Bharti Airtel Services B.V. Bharti Airtel Ghana Holdings B.V. Bharti Airtel Nigeria B.V. Bharti Airtel Nigeria Holdings II B.V. Malawi Towers Limited Malawi Towers Bharti Airtel Zambia Holdings B.V. Tanzania Towers Limited Towers Tanzania Airtel Money Niger S.A. Niger Airtel Money Towers Support Nigeria Limited Towers Airtel Money (RDC) S.A. Airtel Money Congo RDC Towers S.A. Congo RDC Towers Gabon Towers S.A. Gabon Towers 46 45 S. No. Salient features of the financial statement of subsidiaries, associates and joint ventures for the year ended March 31, 2017, pursuant to Section 129 (3) of the Companies Act 2013. to Section 129 (3) of 31, 2017, pursuant ended March year the for ventures and joint subsidiaries, associates of the financial statement of Salient features A - Subsidiaries Part 74 73 72 61 51 49 50 48 47 65 64 66 88 75 62 52 79 78 63 68 76 77 67 53 81 80 59 57 58 56 55 54 69 60 82 70 83 71 84 85 86 87 270 Bharti Airtel Limited Annual Report 2016–17 % of % of 60% 100% 100% 100% ( ` Millions) shareholding ^ - - - - Community Community Contribution - - - - Capital period # reporting reporting during the Expenditure Expenditure - - - - Dividend Proposed Proposed - 32 (5) (0) After After (Loss) Profit/ Profit/ Taxation Taxation

- - - for 12 Taxation Taxation Provision Provision - 44 (5) (0) (Loss) Before Before Profit/ Profit/ Taxation Taxation - - - 0

Turnover Turnover - - - - Investments* Investments*

8 0 37 112 Total Total Liabilities 9 0 11 113 Total Total

Assets Assets - 1 (0) (31) Reserves Reserves

0 1 5 0 Share Share Capital 2017

13.612 103.075 821.629 Exchange Exchange Rate as of as of Rate March 31, March 2,234.542

December 31, 2016 December December 31, 2016 December 31, 2016 December December 31, 2016 December Financial Year End Financial Year Jan'16 to Dec'16 Jan'16 to Reporting Period Reporting Period Jan'16 to Dec'16 Jan'16 to Dec'16 Jan'16 to Jan'16 to Dec'16 Jan'16 to KES Reporting Currency RWF SCR TZS Kenya Country of of Country Registration Rwanda Seychelles Tanzania

September 8, 2011 September Date on which Date subsidiary was acquired February 22, 2013 February August 9, 2013 June 10, 2016 a b b c, e Note Note off. rounding of result ‘0’ are

Africa Towers Services Limited Africa Towers Name of the Subsidiary Name of Airtel Mobile Commerce Rwanda Limited Rwanda Airtel Mobile Commerce Limited (Seychelles) Airtel Mobile Commerce Airtel Money Tanzania Limited Limited Tanzania Airtel Money Bharti Infratel Services Bharti Limited Infratel with the Company. merged 15, 2017 it was on February June 7, 2016. Further, w.e.f. the Company became subsidiary of Limited India Private Broadband Wireless Augere incorporated are they the countries where the local laws of as per to be prepared required not entities are these for The financial statements liquidation. under Subsidiaries are capital. share capital includes preference Share dividend includes distribution tax. Proposed August 27, 2015 Bharti w.e.f. Airtel Limited became subsidiary of Limited) known as Bharti Teleports (formerly Limited Indo Teleports Sprl investment Partnership Limited Bharti Forum Airtel Developers Nigeria Limited Company Zap Trust Limited Transfer Airtel Money Airtel (SL) Limited S.A. Airtel Burkina Faso (SL) Limited Airtel Mobile Commerce S.A. Burkina Faso Airtel Mobile Commerce Holdings B.V. Bharti Leone Airtel Sierra Services (SL) Limited Airtel DTH (Ghana) Limited Airtel Towers Limited (SL) Company Airtel Towers S.A. Congo Towers S.A. Towers Tchad Airtel Bangladesh Limited 15, 2016) July w.e.f. Ltd Pte with Bharti (Singapore) International (merged Ltd Bharti Pte Airtel Holdings (Singapore) appearing as which are The figures 89 S. No. Salient features of the financial statement of subsidiaries, associates and joint ventures for the year ended March 31, 2017, pursuant to Section 129 (3) of the Companies Act 2013. to Section 129 (3) of 31, 2017, pursuant ended March year the for ventures and joint subsidiaries, associates of the financial statement of Salient features A - Subsidiaries Part 90 92 91 13 2 disclosure. # Voluntary with Airtel Uganda Limited. has been merged Uganda Limited Telecom Warid year, ^^ During the exclude investments in subsidiaries. investments exclude * Investments Ind AS financial statements. audited consolidated of the purpose for the submission considered from has been extracted ^ Financial information Notes: standalone financial statements. a) It is basis audited standalone financial statements. b) It is basis unaudited Ind AS financial statements. audited consolidated of the purpose for considered c) It is basis financial information d) e) h) commence operations to yet Subsidiaries 1 1 3 9 12 Others 1 f) g) 2 3 4 year during the / sold been liquidated Subsidiaries have 2 4 5 6 7 8 10 11 Corporate Overview Statutory Reports Financial Statements 271 - - - - 2 Not (46) ( ` Millions) consolidation Considered in Considered - - 9 (1) March 31, 2017 March (1,233) 11,949 consolidation Considered in Considered Profit/Loss for the year ended year the for Profit/Loss Global Chief Financial Officer Global Chief Nilanjan Roy to (1) 321 514 (197) Sheet 56,041 audited audited Balance 132,165 Net Worth Net Worth attributable as per latest latest as per shareholders shareholders influence Description Description of how there how there of is significant % of share capital share % of % of share capital share % of % of share capital share % of % of share capital share % of % of share capital share % of % of share capital share % of % 26% 50% 25% 10% holding 22.54% 22.91% Extent of of Extent 10 34 199 249 24,847 60,419 Amount of Amount of Associate / Associate Joint Venture Investment in Investment Managing Director & CEO (India & South Asia) & CEO Managing Director DIN: 02291778 March 31, 2017 March 260 6,824 shares held by the company as of as of the company held by 800,000 500,504 Number of of Number 1,000,000 Share of Associates / Joint Ventures / Joint Ventures Associates of Share 1,178,535,001 Date 2016 December 31, December Balance Sheet Latest Audited Audited Latest March 31, 2017 March March 31, 2017 March March 31, 2017 March March 31, 2017 March 31, 2017 March Chairman DIN: 00042491 For and on behalf of the Board of Directors of Bharti Airtel Limited of Directors of the Board of and on behalf For Sunil Bharti Mittal 2017 2016 2004 2007 acquired Venture was was Venture February 21, February November 3, November December 7, December June 8, 2010 November 16, November Date on which Date Associate / Joint Associate February 4, 2014 February Seychelles Cable Systems Cable Systems Seychelles Limited** Company Name of the Associate / the Associate Name of Joint Venture Axiata Limited Robi Technologies Seynse Limited Private Bridge Mobile Pte Limited Bridge Mobile Pte Limited* Networks Limited FireFly Tanzania Telecommunications Company Limited Company Telecommunications Tanzania 6 S. No. 4 5 Part B - Associates and Joint Ventures B - Associates Part 1 2 3 Statement Pursuant to Section 129 of the Companies Act, 2013 relating to subsidiary companies for the year ended March 31, 2016 ended March year the companies for subsidiary to the Companies Act, 2013 relating Section 129 of Pursuant to Statement * Profits/losses considered for consolidation is based on direct shareholding of Bharti Infratel Limited as against effective shareholding of the Company. shareholding as against effective Limited Bharti Infratel of shareholding on direct is based consolidation for considered * Profits/losses Ind AS financial statements. audited consolidated of the purpose for considered ** It is basis financial information Notes: venturer/investor. of in the standalone financial statements investments of value on the carrying is based venture/associate in joint investment Amount of 31, 2017:- March held as of that is no more Associate 1.