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Sunil Bharti Mittal at the World Economic Forumin Davos, 2013
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Born
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South Delhi,
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Chairman and Group CEO of
Bharti Enterprises |
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Religion
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Nyna[1]
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Children
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3[1]
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Website
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Sunil Bharti
Mittal (born 23 October 1957) is an Indian telecom mogul, philanthropist and
the founder, chairman and Group CEO of Bharti Enterprises. The US$8.3 billion turnover company runs India's
largest GSM-based mobile phone service
and world's fourth largest wireless company with over 250.04 million customers
across 19 countries in Asia and Africa. He is the son of SatPal (former MP) and
Lalita.[1]
In 2007, he was
awarded the Padma Bhushan, India's third highest civilian
honor.[4]
Sunil Mittal
was born in Ludhiana, Punjab (India). His father,Satpal, had
been the Member of Parliament, Rajya Sabha (Indian National Congress) from
Punjab, he was elected from Punjab for two terms (1976 & 1982) and
nominated to the Rajya Sabha once (1988). He first joined the Wynberg Allen School in Mussoorie,[5] but
later attended Scindia School at Gwalior and
he graduated in 1976 from Punjab
University, Chandigarh, with a Bachelor of Arts and Science for
which he studied in Arya College for Boys, a local college in Ludhiana.[6] His
father died of cardiac arrest in 1992.[1]
Entrepreneurial ventures
A first
generation entrepreneur, Mittal started his first business in April 1976[7] at
the age of 18, with a capital investment of 
20000 (US$310)
borrowed from his father. His first business was to make crankshafts for local
bicycle manufacturers.[8]
20000 (US$310)
borrowed from his father. His first business was to make crankshafts for local
bicycle manufacturers.[8]
In 1980, he
along with his brothers Rakesh, Rajan started an Import Enterprise named Bharti
Overseas Trading Company.[5] He
sold his bicycle parts and yarn factories and moved to Mumbai.[8]
In 1981, he
purchased importing licences from exporting companies in Punjab.[7] He
then imported thousands of Suzuki Motors's
portable electric-power generators from Japan. The importing of
generators was suddenly banned by the then Indian Government
licences to manufacture generators in India were issued to two companies.[citation needed]
In 1984, he
started assembling push-button phones in India,[7] which
he earlier used to import from a Taiwan company, Kingtel, replacing the old
fashioned, bulky rotary phones that were in use in the
country then. Bharti Telecom Limited (BTL) was incorporated and entered into a
technical tie up with Siemens AG of Germany for manufacture of electronic push
button phones. By the early 1990s, Mittal was making fax machines, cordless
phones and other telecom gear. Mittal says, "In 1983, the government
imposed a ban on the import of gensets. I was out of business overnight.
Everything I was doing came to a screeching halt. I was in trouble. The
question then was: what should I do next? Then, opportunity came calling. While
in Taiwan,
I noticed the popularity of the push-button phone -- something which India
hadn't seen then. We were still using those rotary dials with no speed dials or
redials. I sensed my chance and embraced the telecom business. I started
marketing telephones, answering/fax machines under the brand name Beetel and the
company picked up really fast.".[1] He
named his first push-button phones as 'Mitbrau'.[5]
In 1992, he
successfully bid for one of the four mobile phone network licences auctioned in
India.[1] One
of the conditions for the Delhi cellular license was that the bidder have some
experience as a telecom operator. So, Mittal clinched a deal with the French
telecom group Vivendi.[citation needed]
He was one of
the first Indian entrepreneurs to identify the mobile
telecom business as a major growth area. His plans were finally approved by the
Government in 1994[7] and
he launched services in Delhi in 1995, when Bharti Cellular Limited (BCL) was
formed to offer cellular services under the brand name AirTel. Within a few
years Bharti became the first telecom company to cross the 2-million mobile
subscriber mark. Bharti also brought down the STD/ISD cellular rates in India
under brand name 'Indiaone'.[7] IndiaOne
was India’s first private national as well as the international long-distance
service provider, and, thus, became a major factor in Bharti's success by
providing services cheaply.[citation needed]
In July 2006,
he attracted many key executives from Reliance ADAG, NIS Sparta
and created Bharti Comtel.[citation needed]
In May 2008, it
emerged that Sunil Bharti Mittal was exploring the
possibility of buying the MTN Group, a South Africa-based
telecommunications company with coverage in 21 countries in Africaand the Middle East. The Financial Times reported that
Bharti was considering offering US$45 billion for a 100% stake in MTN, which
would be the largest overseas acquisition ever by an Indian firm. However, both
sides emphasize the tentative nature of the talks, while The Economist magazine
noted, "If anything, Bharti would be marrying up,"
as MTN has more subscribers, higher revenues and broader geographic coverage.[9] However,
the talks fell apart as MTN group tried to reverse the negotiations by making
Bharti almost a subsidiary of the new company.[3]
In May 2009,
Bharti Airtel again confirmed that it was in talks with MTN and the companies
agreed to discuss the potential transaction exclusively by 31 July 2009. Bharti
Airtel said in a statement "Bharti Airtel Ltd. is pleased to announce that
it has renewed its effort for a significant partnership with MTN Group".[citation needed]
Talks
eventually ended without agreement, some sources stating that this was due to
opposition from the South African government.[10]
In 2012, he was
in talks with Wal-Mart, the US retail giant, to start a number of retail
stores across India.[11]
Personal life
Mittal resides
in Delhi.
Awards and Recognition
·
Transforming India Leader, NDTV
Business Leader Awards .
·
GSMA Chairman's Award .
·
Padma Bhushan in 2007, from the
President of India.
·
Asia Businessman of the Year,
Fortune Magazine 2006.
·
Telecom Person of the Year, Voice
& Data, 2006.
·
CEO of the year 2005, at the
Frost and Sullivan Asia Pacific ICT awards 2006.
·
Best Asian Telecom CEO, Telecom
Asia Awards 2005.
·
Best CEO, India, Institutional
Investor, 2005.
·
Business Leader Of The Year,
Economic Times, 2005.
·
Philanthropist of the Year Award
2010 at The Asian Awards[12]
·
INSEAD Business Leader Award 2011[13]
Philanthropy
Mittal has also
been working towards educating India through the Bharti
Foundation. The foundation has established over 200 schools on its
2009 list of the world's top 25 philanthropists.
References
1. Nair, Vinod (22
December 2002). "Sunil
Mittal speaking: I started with a dream". Times of
India.
2. "Sunil Mittal & family". Forbes.
18 November 2009. Retrieved 1 April 2010.
3. Heather Timmons
(25 May 2008). "$50
Billion Telecom Deal Falls Apart". New York Times.
Retrieved 1 April 2010.
4. "Sunil
Mittal, Indra Nooyi get Padma Bhushan". The Hindu
Businessline. 27 January 2009. Retrieved 1 April 2010.
5. Airtel. Pesu! (Tamil
ed.). Kizhakku. p. 14. ISBN 81-8368-864-0.
6. "The
World's Billionaires". Forbes. 11 March 2009.
Retrieved 1 April 2010.
7. "Sunil Mittal TimesNow
interview". YouTube.com. Retrieved 1 April 2010.
8. Clay Chandler
(17 January 2007). "Wireless
Wonder: India's Sunil Mittal". CNN (CNNMoney.com).
Retrieved 1 April 2010.
9. "Emerging-market
telecoms: Eyes on Africa". The Economist. 6 May
2008. Retrieved 1 April 2010.
10. James Middleton
(1 October 2009). "Bharti
and MTN have called off merger discussions once again".
Telecoms.com. Retrieved 1 April 2010.
11. "Wal-Mart
May Open India Retail Stores Within Two Years". Bloomberg
Businessweek. Retrieved 5 April 2013.
12. "Sunil
Mittal bags award". Retrieved 30 June 2011.
13. "Sunil
Mittal gets INSEAD award". The Hindu (In.com).
Retrieved 30 June 2011.
14. Suzanne
McGee (30 November 2009). "The 25
Best Givers". Barron's. Retrieved 1 April 2010.
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