Bharti Airtel Overtakes IT Giants to Rank Third in India

Highlights

Bharti Airtel takes over the tech giants like TCS, Infosys, and Wipro and becomes the third most valued company in India.
Burgundy Private Harun India 500 report shows Bharti Airtel has added around Rs 7,65,000 crores, standing as the third most valued company, followed by HDFC in the second place and Reliance Industries in the first place for the 5th consecutive year.
The report also shows doubling valuation growth in key sectors over the past 5 years.

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Bharti Airtel Overtakes IT Giants to Rank Third in India

Bharti Airtel has now surpassed as “third-most valuable company over 5 years,” surpassing technology giants like Tata Consultancy Services (TCS), Infosys, and Wipro. As per reports, the telecommunication giant has added around Rs 7.65 trillion, reflecting Rs 7,65,000 crores over the past five years, making Bharti Airtel among the few biggest wealth creators during the period.

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Key Highlights

Top IT Firms' Losses, Airtel Leads as the most-valued company, right behind Reliance and HDFC.
Burgundy Private Harun India 500 report shared Airtel has added around Rs 7,65,000 crores in India over the past 5 years.
Other major IT firms like TCS, Infosys, and Wipro posted a net loss of whopping Rs 8,50,000 crores, showing IT has the biggest value-losing sector for the past 5-years.

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Bharti Airtel Becomes India’s Third Most-Valued Company; IT Firms Post Biggest Losses

As per the reports shared by the Burgundy Private Harun India 500 report, other technology giants like Tata Consultancy Services (TCS), Infosys, and Wipro have together posted a net loss of around Rs 8.5 trillion, reflecting Rs 8,50,000 Crore, making IT the biggest value-losing sector.

On the other hand, Bharti Airtel sees huge growth through its annual earnings. This also comes alongside S&P Global upgrading Bharti Airtel’s global issuer rating from BBB- to BBB+.

The report shows the Reliance industry as the most valuable company for the fifth consecutive year, with a total valuation of Rs 19.36 trillion in wealth.

Also Read: Airtel Now Owns 79% of Airtel Africa

After Reliance Industries, the position is followed by HDFC Bank with a total wealth of Rs 11.88 trillion, and the telecommunication giant is at the third position with Rs 11.50 trillion in wealth.

After showcasing their findings, the founder and chief researcher of Hurun India, Anas Rahman, stated:

“The companies in the 2025 Burgundy Private Hurun India 500 form the backbone of India’s private sector, wielding significant economic influence. Together, they have a cumulative valuation of $3.4 trillion — higher than the gross domestic product (GDP) of Canada and the combined GDPs of Indonesia and Spain.”

The fifth report, shared by Burgundy Private in partnership with Axis Bank’s Private Banking Business and Hurun India, showcased that the value of India’s 500 most valuable non-state-run companies stood at around Rs 3.23 trillion in taxes. Reports also show Rs 13,433 crores on the corporate social responsibility initiative.

Also Read: Airtel 5G Expansion in 2026: New Sites, Wider Coverage and Faster Speeds

Hurun India 500 Report Shows Valuations Doubling Across Key Industries

The reports show that 12 companies in the past five years have seen doubled valuation growth.

These companies are associated with financial, real estate, electric vehicles, pharmaceuticals, consumer goods, and manufacturing, including Ather Energy, Groww, Adani Properties, Ather Energy, Lenskart, Paharpur Cooling Towers, and Adani Power.

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FAQs

Bharti Airtel vs TCS Market cap

Bharti Airtel leads with a high market cap over Tata Consultancy Services (TCS) within India. Bharti Airtel stands at a market cap of Rs 11.43 lakh crore, while TCS's market capitalization stands at Rs 7.45 lakh crore.

What are Bharti Airtel’s future expansion plans in India?

Bharti Airtel is currently focusing on expanding its current 5G and fiber networks and also expand their coverage to rural parts of India. The telecommunication is also focusing on African markets and has seen a huge success and an increase in user base.

Which are the largest market cap companies in India?

As per the latest reports and financial stability, Reliance Industries leads the chart as the largest market cap company in India, followed by HDFC in the second position and Bharti Airtel in third position.

Where is the Bharti Airtel head office located?

Bharti Airtel’s main corporate office is located in New Delhi. However, its registered office and headquarters, also called the ‘Airtel Center’ is in the National Capital Region (NCR) in Gurugram.