Sunil Mittal

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Sunil Bharti Mittal

Born: June 15, 1950
Ludhiana, Punjab, India
Occupation: CEO of Bharti Airtel
Net worth: $9.5 billion USD, [1]
Website: www.airtel.com
For other uses, see Mittal.

Sunil Bharti Mittal is an Indian businessman. He is chairman and managing director of Bharti group. The $1.1 billion (revenues) company runs India's largest GSM-based mobile phone service. He is worth $9.5 billion and the 6th richest Indian in the world according to Forbes Magazine.

Contents

[edit] Bharti Group

Son of a politician, he built his Bharti group, along with two siblings, into India's largest mobile phone operator in just ten years. Vodafone and SingTel both own stakes in the recently renamed flagship company Bharti Airtel. Group also has partnerships with Axa for insurance and with the Rothschild family for exporting fruits and vegetables. He has been Chairman & Managing Director of Bharti Group since October 2001.

[edit] History

Resident in Delhi, he is married with three children. A first generation entrepreneur, he started his first business in 1976 with a capital investment of Rs 20,000. He initially founded a number of trading concerns, and established the first company to manufacture push button telephones in India. He was one of the first Indian entrepreneurs to identify the mobile telecom business as a major growth area and launched services in the city of Delhi and the National Capital Region in the year 1995.

[edit] Tie-Up with Wal-Mart

In November 2006, he struck a joint venture deal with Wal-Mart, the US retail giant, to start a number of retail stores across India.

In July 2006, he attracted many key executives from ADAG company, NIS Sparta and created Bharti comtel.

[edit] Awards

Sunil has received several awards including:

  • Asia Businessman of the Year, Fortune Magazine 2006 [2]
  • Telecom Person of the Year, Voice & Data, 2006
  • Best Asian Telecom CEO, Telecom Asia Awards 2005
  • Best CEO, India”, Institutional Investor, 2005
  • Business Leader Of The Year, Economic Times, 2005
  • Ernst & Young Entrepreneur Of The Year 2004, Ernst & Young

[edit] External links

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