Airtel Digital’s chief executive officer Adarsh Nair has tendered his resignation following a five-year stint with the telecom operator.
Airtel Digital is the digital services arm of Bharti Airtel. Nair was also the chief product officer of the company.
“We wish to inform you that Nair, chief product officer of the company has resigned and accordingly, ceases to be a senior management personnel of the company. His resignation has been accepted on November 03, 2023 and he will be relieved from his duties upon closure of business hours on February 15, 2024,” Bharti Airtel said in an exchange filing.
As per his resignation letter, Nair plans to relocate to the US in the early part of the upcoming year.
Nair, in the letter to Airtel MD Gopal Vittal, said, “I am deeply grateful to Airtel, Sunil and you for the multitude of opportunities given to me over the past 5 years in crafting and scaling our digital organisation.”
As per his LinkedIn profile, Nair scaled Wynk Music app to 75 Mn users and built fintech app Airtel Finance, Xstream video app, cloud communication platform Airtel IQ, and Airtel IOT platform.
Earlier this month, Bharti Airtel reported a consolidated net profit of INR 2,093.2 Cr on operating revenue of INR 37,043.8 Cr in Q2 FY24. The revenue for India business stood at INR 26,995 Cr, while average revenue per user for mobile stood at INR 203 per month.
Meanwhile, Jio Platforms, which houses Airtel’s rival Jio Infocomm Ltd, reported a 12% year-on-year increase in consolidated net profit to INR 5,297 Cr in Q2. ARPU stood at INR 181.7 per month.
Airtel’s 5G services are currently available across 5,000 towns and 20,000 villages and the company is aiming to roll out 5G services across the country by March 2024.
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