Top 5G Stocks in India 2025

India’s telecom sector has undergone a remarkable transformation in recent years, with 5G technology emerging as a game-changing force in digital connectivity. As we move through 2025, 5G stocks in India are attracting significant investor attention, offering both growth potential and participation in the country’s digital revolution. In this blog, we will explore the top 5G shares in India for investors looking to capitalise on this technological wave.

Understanding the 5G Sector in India

With ultra-low latency, speeds up to 100 times faster than 4G, and the ability to connect millions of devices simultaneously, the fifth generation of mobile network technology, or 5G, is a quantum leap in connectivity. The 5G rollout was initiated by the Indian government in October 2022, and since then, major telecom companies have been actively growing their networks.

In India, 5G services are currently available in 99.6% of the districts in the country, and telecom service providers (TSPs) have installed 4.69 lakh 5G Base Transceiver Stations (BTSs) across the country. With ambitions to expand to tier-2 and tier-3 cities, major operators like Reliance Jio, Bharti Airtel, and Vodafone Idea are leading the 5G revolution in India. With a budget of Rs. 100 crores, the government has approved 100 labs nationwide to specialise in 5G applications in various kinds of industries, such as urban management, healthcare, and education.

According to projections, 5G will boost India’s economy by INR 36.4 trillion (about $455 billion) between 2023 and 2040, or more than 0.6% of its GDP at that time. India’s 5G market is booming, with projections of a staggering 970 million subscribers by 2030. Data consumption will also surge to 66GB by 2030, exceeding global averages.

By 2030, India’s 5G technology market is also expected to reach USD 159.1 billion, due to rising demand for high-speed internet, IoT applications, and enterprise solutions. With its ability to change the way companies operate and transform the digital landscape, 5G stocks in India are rapidly growing and drawing interest from investors.

List of Top 5G Stocks in India (2025)

Here’s a list of 5G companies in India, ranked by market capitalisation for investors.

Here is a thorough description of listed 5G stocks in India for long-term investment:

1. Reliance Industries Ltd.

Reliance Industries stands as the undisputed leader among the top 5G stocks for the long term in India, with its telecom subsidiary Jio Platforms spearheading the country’s 5G revolution. It has its headquarters in Mumbai and serves hundreds of millions of users across urban, semi-urban, and rural markets. The company has developed an end-to-end 5G solution entirely using in-house technologies and has been at the forefront of 5G trials and deployment. 

Jio commanded an 85% market share in India’s 5G fixed wireless access (FWA) segment, with 4.8 million FWA subscribers out of a national total of 5.7 million. In Q4FY25 results, Reliance Jio delivered a 25.7% year-on-year growth in net profit to ₹ 7,022 crore, and its average revenue per user (ARPU) rose to ₹206.2. 

Reliance Jio’s 5G network has demonstrated industry-leading performance, achieving median download speeds of over 200 Mbps and maintaining 83.5% network availability even during high-demand events like the Maha Kumbh 2025, outperforming all competitors. The company’s scale, technological leadership, and strong execution make it an ideal long-term investment opportunity for those seeking exposure to the best 5G shares in India.

2. Bharti Airtel

Bharti Airtel, founded in 1995, has evolved from a traditional telecom operator to a digital communications solutions provider. It has its headquarters in New Delhi and offers its 5G service to customers in 500 cities in the country. Airtel has built a robust franchise serving hundreds of millions of customers in both urban and rural markets.

In FY25, Airtel’s strategic focus on 5G led to a rapid expansion of its subscriber base, accelerating the adoption of next-generation connectivity in India. In Q4FY25 results, Bharti Airtel’s net profit rose 432% year-on-year (Y-o-Y) to ₹11,022 crore, as a result of telecom tariff increases in July last year. The company’s Q4 FY25 Consolidated revenue from operations was ₹47,876 crore, a 6.08% increase from the previous year.

Bharti Airtel’s strategic partnerships with global equipment manufacturers, strong balance sheet, and focus on expanding its 5G footprint make it one of the top 5G shares in India for investors looking for exposure to the telecom sector’s growth.

3. Tata Consultancy Services

Tata Consultancy Services (TCS), India’s largest IT services company, has positioned itself as one of the best 5G companies in India. Headquartered in Mumbai, TCS has built a robust franchise serving telecom operators, enterprises, and government agencies across urban, semi-urban, and rural markets. The company offers a wide range of 5G-related services, including network transformation, cloud migration, edge computing solutions, and IoT integration. 

TCS is playing a central role in the pan-India rollout of Bharat Sanchar Nigam Limited’s (BSNL) 5G networks, leading a consortium that includes Tejas Networks and C-DoT to cover 100,000 sites. In Q4FY25, TCS reported a consolidated revenue of ₹65,507 crore, which rose marginally by 5% from ₹62,394 crore Y-o-Y. Also, its total contract value (TCV) of order book reached $12.2 billion, up from $10.2 billion in Q3FY25. 

With its proven execution, technological innovation, and strong financial performance, Tata Consultancy Services is an ideal long-term investment opportunity for those seeking exposure to the top 5G shares in India.

4. Tech Mahindra

Tech Mahindra has emerged as a specialised player in the 5G technology landscape, leveraging its telecommunications heritage and digital capabilities to offer end-to-end 5G solutions. Headquartered in Pune and operating globally, Tech Mahindra has established itself as a preferred partner for telecom operators and enterprises embarking on their 5G journey.

In 2025, Tech Mahindra joined the AI-RAN Alliance, a global initiative to accelerate the integration of AI into 5G RAN systems, working alongside industry leaders to create AI-native network solutions. In FY25, Tech Mahindra reported an 80.3% growth in PAT to Rs. 4,252 Cr, and its EBIT Margins expanded 360 bps YoY. Also, in its Q4FY2025 results, the company’s consolidated net profit surged 76% year-on-year (YoY) to Rs 1,167 crore.

With its specialised focus on telecommunications, strong capabilities in network services, and growing portfolio of 5G use cases, Tech Mahindra represents an attractive investment opportunity in the top 5G companies in India.

5. Dixon Technologies (India) Ltd.

Dixon Technologies (India) Ltd stands as the undisputed leader in India’s electronics manufacturing services (EMS) sector, rapidly emerging as a key enabler of the country’s 5G technology ecosystem. With its headquarters in Noida, Dixon has built a robust franchise serving millions of customers through partnerships with leading global and domestic brands in telecom, consumer electronics, and digital devices.

Dixon recently collaborated with Nokia to manufacture up to 10 million broadband and 5G devices annually. In Q4FY25, Dixon Technologies reported a 121% rise in income to ₹10,293 crore, and a profit after tax of ₹401 crore, up 322% from the same quarter last year, despite sequential fluctuations due to capacity expansion and new product ramp-ups. 

In 2025, Dixon announced significant new investments focused on expanding its capacity for smartphone manufacturing, targeting a 50% increase from current levels to 10-12 million to meet the demands. It is also scaling up display manufacturing in partnership with HKC, and diversifying into precision components and high-value electronics. These initiatives, combined with government support through production-linked incentive (PLI) schemes, are expected to drive Dixon’s growth in the coming years.

6. HFCL

Himachal Futuristic Communications Limited (HFCL) has transformed itself from a traditional telecom equipment manufacturer to an integrated next-generation communications network solution provider. Based in New Delhi with manufacturing facilities across India, HFCL has been actively expanding its product portfolio to serve telecom operators, government agencies, and enterprise clients across India.

In Q4FY25, HFCL’s revenue from operations declined 39% to ₹800 crore due to a challenging environment for optical fibre cable demand and margin pressure from newly launched telecom products. 

With its focus on indigenous manufacturing, alignment with the government’s “Make in India” initiative, and expanding product portfolio for 5G networks, HFCL represents an attractive investment opportunity in the 5G equipment manufacturing space with 25-30% revenue growth expected in FY26.

7. Sterlite Technologies Ltd. (STL)

Sterlite Technologies Limited (STL) has established itself as one of the best 5G companies in India, with a strong focus on optical fibre networks that form the backbone of 5G deployment. Headquartered in Pune, STL has operations across India, China, Italy, and Brazil, serving customers in over 100 countries.

STL has been actively involved in India’s BharatNet project and has secured advanced work order (AWO) contracts worth ₹2,631.14 crore for 5G network rollouts from BSNL. In Q4FY25 results, STL revenue was ₹1,052 crore, a 25% year-on-year increase from ₹843 crore in Q4FY24. Also, its EBITDA for Q4 was ₹146 crore, with EBITDA margins improving to 13.9%, a 5.2% increase from the last year.

During FY25, the company completed its demerging from Global Services Business and transferred to STL Networks Limited under the “Invenia” brand name. With its specialised focus on fibre optic networks, growing capabilities in system integration, and increasing international presence, STL offers investors an exciting opportunity to invest in 5G shares in India.

Factors to Consider Before Investing in 5G Stocks

Investors should consider the following factors before picking their basket of the top 5G stocks in India:

Financial Performance

Before investing in 5G stocks, investors should closely examine key financial metrics such as revenue growth, profit margins, and cash flow generation. Companies with strong balance sheets and consistent profitability are better positioned to invest in 5G share price and capitalise on growth opportunities.

Competitive Positioning

Assess the company’s market share, technological capabilities, and competitive advantages in the 5G ecosystem. Companies with proprietary technologies, strong patent portfolios, or unique service offerings may have better long-term prospects in the highly competitive 5G market.

Regulatory Environment

The telecom sector in India is heavily regulated, with policies regarding spectrum allocation, pricing, and infrastructure sharing having significant impacts on operators’ profitability. Stay informed about regulatory developments and their potential implications for the 5G stock price in India.

Infrastructure Investments

5G deployment requires substantial capital expenditure on network equipment, fibre backhaul, and spectrum. Evaluate companies’ investment plans, funding sources, and expected returns on these investments to gauge their long-term growth potential.

Technology Roadmap

The 5G landscape is rapidly evolving, with new technologies and standards continuously emerging. Assess companies’ R&D investments, innovation capabilities, and ability to adapt to technological changes to ensure they remain competitive in the 5G stock price in India in the long run.

Global Partnerships

Strategic partnerships with global technology leaders can provide companies with access to advanced technologies, expertise, and new market opportunities. Evaluate the strength and potential benefits of companies’ partnerships in the 5G ecosystem.

To Wrap Up

In 2025, the future of 5G stocks in India presents an exciting opportunity for investors looking beyond traditional sectors. The ongoing digital transformation, supportive government policies, and increasing adoption of 5G applications across industries create a favourable environment for companies across the 5G value chain.

Whether you’re a seasoned investor or a beginner, start exploring the top 5G stocks to invest in India by opening a demat account with Share.Market.

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Disclaimer: Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Registration granted by SEBI, enlistment as a Research Analyst with the Exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. The securities are quoted as an example and not as a recommendation.

This is for informational purposes and should not be considered as recommendations. Kindly refer to  https://share.market/ for more details. PhonePe Wealth Broking Private Limited, Research Analyst with SEBI Regn No: INH000013387, BSE RA Enlistment Number: 5887.