Bharti Airtel’s financial services arm, Airtel Payments Bank, has the potential to emerge as a much larger financial services business, said Sunil Bharti Mittal, Chairman of Bharti Enterprises. He also indicated that Airtel Payments Bank could see potentially go public in next three to four years.
Airtel Payments Bank has the potential to get to ₹10,000 crore revenue, ₹1,000 crore profit, with a ₹10,000 crore deposit in the next few years, Mittal told CNBC TV 18 in an exclusive conversation.
Calling Airtel Payments Bank as a ‘sleeping giant’, Sunil Bharti Mittal, stated that there is a window for its IPO in the next three to four years, reported CNBC TV 18. He said that the company could attain a meaningful size after it achieves the target of ₹10,000 crores in deposit, ₹10,000 crores in revenue, and ₹1,000 crore in profit.
Airtel Payment Bank has a customer base of nearly 100 million users and it is inching closer to ₹4,000 crores in revenue. Its customer balance grew by 17% to ₹4,389 crore in the June quarter of financial year 2026-27 from ₹3,743 crore in the first quarter of last fiscal.
Its net profit increased to ₹19 crore in Q1FY27, which was 82% higher than the Q1FY26. The quarterly profit was driven by good operating performance.