The Indian telecommunication industry is one of the fastest growing in the world. In Wireless market Bharti Airtel is the market leader with a 22.7% share of total subscription. The study examines the relationship between leverage and profitability in Bharti Airtel. The study based on secondary data during the period from 2005-06 to 2014-15. The data was collected from the published sources like books, annual reports of companies and website of money control.com. The collected data will be analyzed by using profitability ratios, leverages, Average, Standard deviation, coefficient of variance and correlation was used for verify the relationship between leverages and profitability. The study reveals liquidity position of the Bharti Airtel is not up to the standard norm, but Profitability ratios are shown in the positive trend during the study period. The relation between profitability and leverage of Bharti Airtel varies. The correlation of coefficient of DOL was negative with ROCE. But DFL and DCL were positively correlated with ROCE. The DOL and DFL were statistically significant but DCL was statistically not significant. We can observe that the company was unable to use its resources in optimal level. It can improve its performance in future.