Together good things happen - Airtel

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Statement pursuant to exemption received under Section 212 (8) of the Companies Act,1956 relating to subsidiary companies for the year ended March 31, 2010 (Rs '000) Sr. Name of the Country of Capital Reserves Total Total Investments Turnover Profit/ Provision Profit/ Proposed No. Subsidiary Company Registration Assets Liabilities Other than (Loss) for (Loss) Dividend Investment Before Taxation After in Subsidiary Taxation Taxation 1 Bharti Hexacom Limited India 2,500,000 18,879,069 28,375,319 6,996,250 1,262,742 26,414,702 7,360,512 1,117,127 6,243,385 - 2 Network i2i Limited Mauritius 363,150 677,857 12,058,716 11,017,709 - 1,473,924 295,477 (28,227) 323,704 - 3 Bharti Airtel Services Limited India 1,000 3,555 2,245,785 2,241,230 45,500 4,215,291 250,620 98,894 151,726 - 4 Bharti Airtel (Singapore) Singapore 20,139 82,165 9,566,630 9,464,326 - 979,476 124,520 28,120 96,401 - Private Limited 5 Bharti Infratel Limited # India 6,508,882 130,199,116 170,883,523 34,175,525 3,635,390 24,530,301 3,208,190 1,153,239 2,054,951 - 6 Bharti Telemedia Limited India 102,000 (7,148,398) 14,241,213 21,287,611 96,000 2,869,892 (4,672,169) 211 (4,672,380) - 7 Warid Telecom Bangladesh 30,587,764 (19,659,175) 23,152,580 12,223,991 - 406,873 (231,354) - (231,354) - International Limited @ 8 Bharti Airtel (UK) United Kingdom 44,290 112,327 294,616 137,999 - 145,460 64,457 5,705 58,752 - Limited @ 9 Bharti Airtel (Canada) Canada 3,184 (37,811) 1,700 36,328 - 12,148 (12,849) - (12,849) - Limited 10 Bharti Airtel Lanka Srilanka 2,107,172 (4,563,201) 6,530,823 8,986,852 0 955,293 (3,056,009) 29,673 (3,085,682) - (Pvt) Limited 11 Bharti Airtel (Holding) Singapore 15,248,220 (519,719) 14,825,439 96,938 - - (531,091) 38,810 (569,901) - Singapore Pte Limited 12 Bharti Airtel (USA) United States 0.0 (257,768) 872,378 1,130,146 (0) 798,970 7,834 - 7,834 - Limited of America 13 Bharti Infratel Ventures India 500 (975) 70 545 - - (316) - (316) - Limited 14 Bharti Airtel (Hongkong) Hongkong 26,333 (39,139) 147,486 160,292 - 12,188 (10,060) - (10,060) - Limited 15 Bharti International Singapore 9,131 (510,981) 8,085 509,935 - - (510,981) - (510,981) - (Singapore) Pte Limited 16 Bharti Airtel International Netherlands 1,102 (60) 1,043 - - - (60) - (60) (Netherlands) B.V 17 Bharti Infratel Lanka Srilanka 0.0 - 0.0 - - - - - - - Private Limited # Share Capital Includes ESOP outstaning of Rs. 700,853 thousand. @ Including Share Application money
Notice is hereby given that the fifteenth annual general meeting of the members of Bharti Airtel Limited, will be held on Wednesday, September 01, 2010 at 03.30 P.M. at Air Force Auditorium, Subroto Park, New Delhi 110 010 to transact the following businesses:- ORDINARY BUSINESS 1. To receive, consider and adopt the audited balance sheet of the Company as at March 31, 2010, the profit & loss account and the cash flow statement for the year ended on that date and the reports of the Board of directors and auditors thereon. 2. To declare dividend on equity shares. 3. To appoint a director in place of Mr. Pulak Chandan Prasad, who retires by rotation and being eligible offers himself for re-appointment. 4. To appoint a director in place of Ms. Chua Sock Koong, who retires by rotation and being eligible offers herself for re-appointment. 5. To appoint a director in place of Mr. Rajan Bharti Mittal, who retires by rotation and being eligible offers himself for re-appointment. 6. To appoint a director in place of Mr. Rakesh Bharti Mittal, who retires by rotation and being eligible offers himself for re-appointment. 7. To appoint M/s. S. R. Batliboi & Associates, Chartered Accountants, Gurgaon, as the statutory auditors of the Company to hold office from the conclusion of this annual general meeting until the conclusion of the next annual general meeting and to authorise the Board / Audit Committee to fix their remuneration. SPECIAL BUSINESS 8. To consider, and if thought fit, to pass with or without modification(s), the following resolution as a SPECIAL RESOLUTION: Consent for appointment of Mr. Shravin Mittal as an employee in a subsidiary company “Resolved that pursuant to the provisions of section 314 and other applicable provisions, if any, of the Companies Act, 1956 or any other law for the time being in force, the consent of the Company be and is hereby accorded for appointment of Mr. Shravin Mittal, son of Mr. Sunil Bharti Mittal, Chairman and Managing Director of the Company, to hold office as an employee with M/s. Bharti Airtel International (Netherlands) B.V., Netherlands, (a wholly owned subsidiary company of Bharti Airtel Limited, hereinafter referred to as “BAIN”) or any of its step down subsidiary company, at any time on or after April 28, Bharti Airtel Annual Report 2009-10 2010, at such remuneration and on such other terms and conditions, as may be decided by the respective employer company, provided however that the aggregate amount of remuneration (inclusive of salary, allowances, perquisites, incentives, bonuses, retirement benefits, facilities, social securities etc.) shall not exceed Euros 250,000 per annum or equivalent amount in any other currency. Resolved further that in addition to the above remuneration, Mr. Shravin Mittal would also be eligible for grant of stock options as per the terms of the respective stock option scheme for the time being in force. Resolved further that the Board of directors of the Company (which expression shall also include a duly constituted committee thereof) be and is hereby authorised to do all such acts, deeds and things as may be required to give effect to the above resolution.” 9. To consider, and if thought fit, to pass with or without modification(s), the following resolution as a SPECIAL RESOLUTION: Payment of commission to non-executive directors of the Company “Resolved that pursuant to the provisions of section 198, 309, 310 and other applicable provisions, if any, of the Companies Act, 1956 and any other law for the time being in force, and in accordance with provisions of Articles of Association of the Company, approval of the Company be and is hereby accorded for payment of commission to its non-executive directors not exceeding one per cent (1%) of the net profits of the Company, calculated in accordance with the provisions of section 349 and 350 and other applicable provisions, if any, of the Companies Act 1956 for each financial year, effective from the financial year 2010-11 in such manner as the board of directors in its absolute discretion may decide from time to time. Resolved further that the Board of directors of the Company (which expression shall also include a duly constituted committee thereof) be and is hereby authorised to do all such acts, deeds and things as may be required to give effect to the above resolution.” Registered Office: By order of the Board Bharti Crescent, For Bharti Airtel Limited 1, Nelson Mandela Road, Vasant Kunj, Phase – II, Vijaya Sampath New Delhi - 110 070, India Group General Counsel & Date: April 28, 2010 Company Secretary 159
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Together good things happen... Bhar
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Table of contents 1 2 3 4 5 6 7 8 9
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Corporate history and Top 30 shareh
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Awards & honours With a belief that
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Chairman’s message Closer home, w
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To be provided Akhil Gupta Chua Soc
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Pulak Chandan Prasad Rakesh Bharti
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Bharti Airtel Annual Report 2009-10
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CEO (India & South Asia)’s Airtel
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Airtel Experience Last year was tru
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Together good things happen custome
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Together good things happen Bharti
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Taking everybody along Bharti Airte
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Photos by Amit Bhatia, Legal & Regu
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exemption to the Company from attac
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In July 2009, the Company has sub-d
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egarding compliance of conditions o
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Information regarding the Employees
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• Restriction on Sale of Equity O
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FINANCIAL PERFORMANCE (Amount in Rs
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INTERNAL CONTROL SYSTEMS The Compan
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consent. The appointments of such d
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g) Tenure of independent directors
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directors will be entitled to commi
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- Matters required to be included i
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Key Responsibilities Key responsibi
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Special resolutions passed at the l
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MEANS OF COMMUNICATION The quarterl
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Distribution of shareholding By num
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The Board of directors, Bharti Airt
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Annexure referred to in paragraph 4
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(x) The Company has no accumulated
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Particulars C. Cash flow from finan
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Particulars SCHEDULE : 3 SECURED LO
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Particulars SCHEDULE : 6 INVESTMENT
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Particulars SCHEDULE : 9 CASH AND B
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SCHEDULE: 21 STATEMENT OF SIGNIFICA
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Forward Exchange Contracts covered
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Minimum Alternative Tax (MAT) credi
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Unless otherwise stated below, the
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6. Employee benefits a) During the
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e) The estimates of future salary i
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epayable on disconnection, net of o
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2008-09 Particulars Year ended Purc
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) Details of trade investments purc
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Related Party Transaction for 2009-
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Page 109 and 110: Related Party Transaction for 2008-
Page 111 and 112: 24.Operating lease - As a Lessee Th
Page 113 and 114: (v) The Information concerning stoc
Page 115 and 116: Particulars As at As at March 31, 2
Page 117 and 118: Auditors' Report to The Board of Di
Page 119 and 120: Bharti Airtel Annual Report 2009-10
Page 121 and 122: Particulars C. Cash flow from finan
Page 123 and 124: Particulars SCHEDULE : 2 (Cont.) Pr
Page 125 and 126: Particulars SCHEDULE : 6 INVESTMENT
Page 127 and 128: Particulars SCHEDULE : 12 CURRENT L
Page 133 and 134: ecognised over the period of servic
Page 135 and 136: Standard 15 (revised), “Employee
Page 137 and 138: SCHEDULE: 22 NOTES TO THE FINANCIAL
Page 139 and 140: obligations fully due to certain no
Page 141 and 142: c) Reconciliation of opening and cl
Page 143 and 144: Joint Venture Entities: b) The Comp
Page 145 and 146: 13. Particulars of securities charg
Page 149 and 150: Related Party Transaction for 2009-
Page 151 and 152: (Rs '000) Related Party Transaction
Page 153 and 154: 17. Leases a) Operating Lease - As
Page 155 and 156: d) 2006 Plan under the Old Scheme T
Page 159: 24. As at March 31, 2010 the accumu
Page 163 and 164: EXPLANATORY STATEMENT (Under sectio
Page 165: Mr. Rakesh Bharti Mittal Date of bi
Page 169: To Karvy Computershare Private Limi
Page 172: Bharti Airtel Limited, Bharti Cresc
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Together good things happen - Airtel

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