comprise a big and rapidly growing industry in the country, with huge annual revenues and a massive client base According to sources in the Indian telecommunications industry, there were over 1,200 million telecom and mobile users in India by the start of 2018. As handsets and call prices continue to fall, telecom providers’ market share in India is expected to increase due to population growth and globalization. India is one of the world’s largest telecom markets, and it is home to numerous large mobile network businesses. Furthermore, competition amongst the finest telecom firms in India is likely to expand as call prices fall and the majority of telecom sector companies in India offer
Market Competition in the Indian Telecom Industry
Every year, the Indian telecom business becomes more competitive. With the debut of Reliance Jio, the Vodafone-Idea merger, Bharti Airtel purchasing Telenor India, and Aircel declaring bankruptcy, the market is now solely for the big players. The merger of Vodafone India and Idea Cellular is the most anticipated deal in the Indian telecom business, and it may take place before 2019. The changing consumer base and increased internet use will also have an impact on the Indian market. Many of these market conditions will determine who will be the top ten telecom companies in India in the next years.
List of Top 10 telecom companies in India
Airtel is regarded as one of the top telecom firms in India, having over 270 million subscribers spread across the country. Airtel, India’s largest telecom carrier, also has the most extensive network coverage in the country. Sunil Mittal launched this top telecom brand in India in 1995, and this finest telecom sector company in India has its headquarters in New Delhi, India. Thi top ten telecom firms in India were expected to have a revenue of over $15 billion in 2017, with over 25,000 employees supporting this largest telecom company in India.
Idea is another of the top ten telecom firms in India, with a market share of roughly $5 billion in 2017. This greatest telecom businesses in India has a countrywide customer base of over 200 million, accounting for roughly 18% of the total telecom companies in India market share. Kumar Mangalam Birla founded this top 10 mobile network in India in 1995 in Mumbai, India, and it has extensive network coverage throughout the country. This leading telecom company in India has the biggest proportion of MNP in the Indian telecommunications industry.
3. Vodafone India
Vodafone is one of India’s best telecom businesses and is part of the Vodafone UK group, the world’s secon largest telecom firm. The Hutchison and Essar groups merged to form top ten telecom businesses in India in 1994. This is one of the best telecom businesses in India, headquartered in Mumbai, and is recognised one of the top ten mobile networks in India, providing high-quality service and capacity. This biggest telecom brand in India has over 200 million customers and an annua revenue of around 6.6 billion in 2017.
BSNL is also one of the biggest telecom businesses in India, having a sizable market share. This finest telecom businesses India has a presence in more than 20 telecommunication circles across India’s communications industry. This world-leading telecom brand was founded in 2000 in New Delhi, India, and has over 100 million users across the country. Furthermore, the revenues of these top mobile network firms in India in 2017 were nearly $5,100 million.
5. Reliance Communications
Reliance Communications is another top ten telecom company in India, having extensive network coverage throughout the country, which has one of the world’s largest telecom markets. Anil Ambani launched this top 10 mobile network in India in 2002, and its headquarters are in Mumbai, India. As of 2017, this top telecom company in India’s annual revenue was valued at $3.5 billion, with a massive consumer base of over 12 million. This top telecom sector company employs over 7,000 people and has a network presence in all 22 mobile circles in the country.
Aircel was a major telecom company with over 80 million subscribers across the country. This top 10 telecom businesses in India was always ranked among the top telecom companies in India before this finest telecom company in India declared bankruptcy. Chinnakannan Sivasankaran started this top mobile network firm in India in 1999, with headquarters in Gurgaon, Haryana. This telecom brand in India had a revenue of roughly $1.5 billion before going bankrupt in February 2018 due to severe competition in the Indian telecommunications business.
Jio is one of the top ten telecom firms in India and one of the most recent arrivals into the world’s largest telecom industry. Mukesh Ambani launched this emerging telecom firm in India in 2010, and its headquarters are in Navi Mumbai, India. This top telecom company in India has over 140 million subscribers and one of the lowest call rates among the top telecom companies in India. Jio has a market share of more than 10% of Indian telecom businesses and an of roughly $800 million.
8. Tata Teleservices
Tata Teleservices is a significant telecom brand in India, with over 60 million customers across its top ten mobile networks. Ratan Tata launched this top telecom sector company in India in 1996, and it is headquartered in Mumbai, India. This mobile network company in India also provides landline and broadband services throughout the country. Tata Teleservices has over $490 million in annual revenue and over 2,000 retail stores across the country.
9. Telenor India
Telenor India is a prominent rising telecom firm in India and one of the top telecom companies in India. When it was founded in 2009, this major telecom business in India was known as Uninor. It is located in New Delhi, India. Sharad Mehrotra is the founder of this finest telecom brand in India, which has over 40 million subscribers and over 4,000 employees. In September 2017, this top mobile network company in India was acquired by the Bharti Airtel group, and services in seven mobile circles across the country were discontinued.
MTNL is a 100 percent government-owned top 10 telecom firm in India and the only entirely state-owned telecom sector company on the list. Pravin Kumar Purwar is the current chairman of this major telecom business in India, which was created in 1986 in New Delhi, India. This top telecom firm in India has over 4 million users and is one of the largest telecom companies in India, offering IPTV, landline, and broadband services in addition to moa bile network. This best telecom firm in India earns around $2 billion in annual sales.
Future Direction of the Top 10 Telecom Companies in India
With over 1.2 billion users in 2017, India’s telecommunications business is the world’s second-largest telecom market. Due to intense competition in pricing and network service quality, India’s top ten telecom carriers offer some of the lowest call rates in the world. The telecom sector in India is expected to contribute over 7% of the country’s GDP, amounting to nearly $180 billion, while the telecommunications business in India is estimated to directly employ more than 2 million professionals across the country. The country’s growing population, rising disposable income, and cheaper voice call costs are expected to boost revenue for the top ten telecom providers in India.