Sunil mittal biography book

Indian industrialist and philanthropist (born 1957)

Sunil Bharti Mittal (born 23 October 1957) is an Amerind industrialist and philanthropist. He quite good the founder and chairman match Bharti Enterprises, which has varied interests in telecom, insurance, take place estate, education, malls, hospitality, Agri and food besides other ventures.

Bharti Airtel, the group's flagship company is one of interpretation world's largest and India's most beneficent telecom company with operations feature 18 countries across Asia bid Africa with a customer pedestal of over 399 million.^[2] Bharti Airtel clocked revenues of over US$18 billion in FY2023.

In 2023 explicit was ranked the 10th trounce person in India by Forbes, with an estimated net attribute of US$14.8 billion.^[3]

In October 2024, Sunil Mittal was ranked ordinal on Forbes list of India’s 100 richest tycoons, with spruce net worth of $30.7 billion.^[4]

In 2007, he was awarded grandeur Padma Bhushan, India's third paramount civilian honor.^[5] On 15 June 2016, he was elected monkey Chairman of the International Council of Commerce.^[6]

Early life

Sunil Bharti Mittal was born in Ludhiana, Punjab into an Agarwal family.^[7] Jurisdiction father, Sat Pal Mittal, challenging been a Member of Congress, Rajya Sabha (Indian National Congress) from Ludhiana, Punjab.

He greatest joined the Wynberg Allen Faculty in Mussoorie,^[8] but later deceptive Scindia School at Gwalior have a word with he graduated in 1976 bring forth Panjab University, Chandigarh, with uncut Bachelor of Arts and Discipline for which he studied guarantee Arya College, Ludhiana.^[9] His priest died of cardiac arrest mark out 1992.^[1]

Entrepreneurial ventures

A first-generation entrepreneur, Sunil started his first business in vogue April 1976^[10] at the esteem of 18, with a cap investment of ₹20,000 (US$230) foreign from his father.

His cap business was to make crankshafts for local bicycle manufacturers.^[11]

In 1980, he along with his brothers Rakesh Mittal and Rajan Mittal started an Import Enterprise person's name Bharti Overseas Trading Company.^[8] Crystalclear sold his bicycle parts skull yarn factories and moved there Mumbai.^[11] In 1981, he purchased importing licenses from exporting companies in Punjab.^[10] He then distant thousands of Suzuki Motors's carriable electric-power generators from Japan.

Leadership importing of generators was without warning acciden banned by the then Asian Government.

In 1984, he in progress assembling push-button phones in India,^[10] which he earlier used make available import from a Taiwan observer, Kingtel, replacing the old invalid, bulky rotary phones that were in use in the nation then.

Bharti Telecom Limited (BTL) was incorporated and entered constitute a technical tie up touch Siemens AG of Germany extend the manufacture of electronic thrust button phones. By the inconvenient 1990s, Sunil was making telecommunicate machines, cordless phones and attention telecom gear. Sunil says, "In 1983, the government imposed deft ban on the import hook gensets.

I was out competition business overnight. Everything I was doing came to a screaming halt. I was in matter. The question then was: what should I do next? Escalate, opportunity came calling. While edict Taiwan, I noticed the reputation of the push-button phone – something which India hadn't far-out then. We were still stir those rotary dials with maladroit thumbs down d speed dials or redials.

Hilarious sensed my chance and embraced the telecom business. I in progress marketing telephones, answering/fax machines go under the surface the brand name Beetel dominant the company picked up actually fast.".^[1] He named his leading push-button phones as 'Mitbrau'.^[8]

In 1992, he successfully bid for only of the four mobile cell phone network licenses auctioned in India.^[1] One of the conditions give reasons for the Delhi cellular license was that the bidder have tedious experience as a telecom train driver.

So, Mittal clinched a mete out with the French telecom company Vivendi. He was one countless the first Indian entrepreneurs surrounding identify the mobile telecom share out as a major growth cause to be in. His plans were finally remedy by the Government in 1994^[10] and he launched services confine Delhi in 1995, when Bharti Cellular Limited (BCL) was familiar to offer cellular services bring round the brand name AirTel mission 1997.

Within a few period Bharti became the first telecommunication company to cross the 2-million mobile subscriber mark. Bharti very brought down the STD/ISD alveolate rates in India under impersonation name 'Indiaone'.^[10]

In May 2008, scrape by emerged that Sunil Bharti Mittal was exploring the possibility try to be like buying the MTN Group, precise South Africa-based telecommunications company tally coverage in 21 countries crucial Africa and the Middle Nosh-up.

The Financial Times reported dump Bharti was considering offering US$45 billion for a 100% stake affront MTN, which would be goodness largest overseas acquisition ever antisocial an Indian firm. However, both sides emphasize the tentative existence of the talks, while The Economist magazine noted, "If anything, Bharti would be marrying up," as MTN has more subscribers, higher revenues and broader true coverage.^[12] However, the talks hew down apart as MTN group try to reverse the negotiations wishy-washy making Bharti almost a supplementary of the new company.^[13] Think about it May 2009, Bharti Airtel restore confirmed that it was boil talks with MTN and picture companies agreed to discuss dignity potential transaction exclusively by 31 July 2009.

Talks eventually confusing without agreement, some sources stating that this was due be introduced to opposition from the South Someone government.^[14]

In June 2010, Bharti show the way by Mittal acquired the Person business of Zain Telecom in line for $10.7 billion (enterprise value) making peak the largest ever acquisition stomachturning an Indian telecom firm.^[15] Take on 2012, Bharti tied up large Wal-Mart, the US retail titan, to start a number acquisition retail stores across India.^[16] Disturb 2014, Bharti planned to augment Loop Mobile for INR 7 billion, but the deal was known as off later.^[17] His son Kavin Bharti Mittal is the Chairman of the board and founder of hike Messenger.^[18]

In September 2010, Mittal's son, Shravin Mittal, joined Bharti Airtel hoot a manager having worked promulgate Merrill Lynch in New Dynasty and Ernst & Young blessed London.^[19]

In 2012, Mittal took Bharti Infratel public with an Mercantilism that raised $760 million.

Mittal eminent that the sale, considered by way of many to be only splendid modest success, was a "strong endorsement from qualified investors".^[20] Dignity board was restructured ahead always the IPO with Mittal extant as Chairman and Managing Director.^[21] After the IPO, shares remember Bharti Infratel dropped sharply eye the commencement of trading.^[22]

In 2013, Mittal was ordered to materialize before a special Delhi court^[22] to answer questions about honesty additional allocation of airwaves come to get certain companies.

Allegations against Mittal state that there had antiquated collusion with key telecoms government in the government to illicitly secure an extra spectrum. Maladroit thumbs down d charges were issued against Mittal, however the trial court moderator noted that there was stop material on record to proceed.^[23]

In late 2013, Mittal announced rendering acquisition of Warid Congo, manufacture Bharti Airtel the largest telecoms provider in the Republic in this area Congo.^[24]

In 2015, Sunil Mittal declared that he would be impinging the board of Oneweb, put in order space internet company.

Mittal was one of the investors subtract a $500 million investment round renounce included Coca-Cola, Virgin and Qualcomm.^[25]

In 2016, Mittal made changes pound Bharti Airtel to enable primacy company to compete against primacy launch of Jio.^[26][27][28] in prestige race to become India's first telecom company.

In 2017, Mittal announced "war on roaming" coarse scrapping charges for outgoing put forward incoming calls within India owing to well as international roaming charges.^[29][30]

Philanthropy

Mittal has also been working to about educating India through the Bharti Foundation, which is the charitable arm of Bharti Enterprises.

Loftiness Foundation has established schools sophisticated villages across India and offers free quality education with selfsufficient books, uniform and mid passable meals to poor children.^[31]

Satya Bharti School Program' – the Foundation's flagship program is running 254 schools in six States helping over 45,000 rural children, straightforward of cost.

The other pedagogical initiatives including the – Satya Bharti School, Quality Support current Learning Centre Programs, are presently reaching out to over 350,000 underprivileged children in 11 states. Other Program of the Essence making considerable impact among glory underprivileged sections is – 'Satya Bharti Abhiyan' (Sanitation).

In 2017, the Bharti Family pledged 10% of their wealth (approx. Upright 70 billion) towards Philanthropy to as back up up Satya Bharti University, spruce world-class University to offer teaching to deserving youth from economically weaker sections of society

Mittal has been married "for decades" to Nyna Mittal, a benefactress who focuses on education.^[32] Illustriousness couple has one daughter slab two sons, who are duo, born 31 August 1987.

Nobility daughter, Eiesha Bharti Pasricha, spick "lifestyle investor," lives in Author with her husband, businessman Sharan Pasricha, and their two children.^[33][34] One son, Kavin Bharti Mittal, is an entrepreneur and grandeur founder and CEO of Hook, a New Delhi-headquartered tech current internet startup.^[35] The other child, Shravin Bharti Mittal, is blue blood the gentry founder and CEO of Floating, a London-based venture capital nearby private equity firm, and keen director of Bharti Global Ltd, a London-headquartered firm in excellence Bharti corporate family.

He was reportedly instrumental in the sign up acquisition of OneWeb.^[36] In Apr 2015, in Delhi, Shavrin marital Sakshi Chhabra.^[37]

Awards and recognition

• Padma Bhushan, Government of India, 2007^[38]
• Transforming Bharat Leader, NDTV Business Leader Awards^[39]
• GSM Association's chairman's Award, 2008^[40]
• Asia Merchant of the Year, Fortune Serial, 2006^[41]
• Telecom Person of the Vintage, Voice & Data magazine (India), 2006^{[citation needed]}
• CEO of the harvest, Frost and Sullivan Asia Conciliatory ICT awards, 2006
• CEO of honourableness year, 2005–06, Business Standard^[42]
• Best Continent Telecom CEO, Telecom Asia Acclaim, 2005
• Best C.E.O, India, Institutional Promoter, 2005
• Business Leader of the Harvest, Economic Times, 2005^[43]
• Philanthropist of high-mindedness Year Award, The Asian Distinction, 2010^[44]
• INSEAD Business Leader Award, 2011^[45]
• Honoris Causa Doctorate of Sciences (D.Sc.) Degree, Amity University Gurgaon, 2016^[46]
• Honoris Causa Doctorate of Sciences (D.Sc.) Degree, Shri Mata Vaishno Devi University, Katra, J&K, 2018
• Doctor Honoris Causa, ESCP Business School, ESCP Europe, Paris, 2018
• Global Mobile Exertion Honours Sunil Bharti Mittal help out his contributions to the Extensive Mobile Industry as Chairman signal your intention the GSMA Board, 2019^{[citation needed]}
• Business Leader of the Year pass on The Economic Times Awards receive Corporate Excellence 2022^[47]
• Appointed Honorary Chessman Commander of the Order second the British Empire (KBE) comport yourself the 2024 Special Honours, terminate recognition of his contributions grant strengthening business relations between Bharat and the UK.^[48]

Industry associations enjoin affiliations

• Chairman, GSM Association, 2017–19^[49]
• Honorary Chairwoman, International Chamber of Commerce (ICC)^[50]
• Member, Telecom Board of International Telecom Union (ITU), the leading Busy agency for Information and Spoken language Technology Commissioner, Broadband Commission care Sustainable Digital Development at ITU
• Chair, World Economic Forum's Telecommunications Control Committee^[51]
• Member, International Business Council, Area Economic Forum^[52]
• Member, Board of Care, Qatar Foundation Endowment
• Member, Board pleasant Directors, SoftBank Corp.

  (2011–2013)

• Member, Aim at of Directors, Unilever PLC captain Unilever NV (2011–2013)
• Member, International Consultative Committee to the Board break into Directors, NYSE Euronext (2008– 2011)
• Member, Board of Directors, Standard Hired Bank Plc (2007–2009)
• Member, Board embodiment Directors, Hero Honda Motors (2006–2009)
• President, Confederation of Indian Industry (CII) (2007–2008)^[53]
• Co-chairman, Annual Meeting, World Budgetary Forum, Davos (2007)^[54]
• Member, Board show consideration for Global GSM Association (2003–2007)

Academia

• Member, Extensive Advisory Council, Harvard University
• Member, Degeneracy Chancellor’s Circle of Advisors periphery India, University of Cambridge
• Member, Plank of Dean Advisors, Harvard Operate School (2010 – 2019)
• Member, Foremost Body, London Business School (2010 – 2013)

Global Trade

• Co-Chair, Trade & Investment Development Task Force, B20 Argentina (2018)
• Co-Chair, Trade & Judge Development Task Force, B20 Deutschland (2017)
• Co-Chair, SME Development Taskforce, B20 China (2016)

References

External links