Sunil Mittal
Sunil Mittal Knight Commander of the Most Excellent Order of the British Empire | |
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Sunil Bharti Mittal
In 2007, he was awarded the Padma Bhushan, India's third highest civilian honor.[5] On 15 June 2016, he was elected as Chairman of the International Chamber of Commerce.[6]
Early life
Sunil Bharti Mittal was born in
Entrepreneurial ventures
A first-generation
In 1980, he along with his brothers Rakesh Mittal and
In 1984, he started assembling push-button phones in India,
In 1992, he successfully bid for one of the four mobile phone network licenses 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. 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[10] and he launched services in Delhi in 1995, when Bharti Cellular Limited (BCL) was formed to offer cellular services under the brand name AirTel in 1997. 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'.[10]
In May 2008, it emerged that
In June 2010, Bharti led by Mittal acquired the African business of
In September 2010, Mittal's son, Shravin Mittal, joined Bharti Airtel as a manager having worked for Merrill Lynch in New York and Ernst & Young in London.[18]
In 2012, Mittal took Bharti Infratel public with an
In 2013, Mittal was ordered to appear before a special Delhi court[21] to answer questions about the additional allocation of airwaves to certain companies. Allegations against Mittal state that there had been collusion with key telecoms officials in the government to illegally secure an extra spectrum. No charges were issued against Mittal, however the trial court judge noted that there was enough material on record to proceed.[22]
In late 2013, Mittal announced the acquisition of Warid Congo, making Bharti Airtel the largest telecoms provider in the Republic of Congo.[23]
In 2015, Sunil Mittal announced that he would be joining the board of Oneweb, a space internet company. Mittal was one of the investors in a $500 million investment round that included Coca-Cola, Virgin and Qualcomm.[24]
In 2016, Mittal made changes at Bharti Airtel to enable the company to compete against the launch of Jio.[25][26][27] in the race to become India's largest telecom company.
In 2017, Mittal announced "war on roaming" by scrapping charges for outgoing and incoming calls within India as well as international roaming charges.[28][29]
Philanthropy
Mittal has also been working towards educating India through the Bharti Foundation, which is the philanthropic arm of Bharti Enterprises. The Foundation has established schools in villages across India and offers free quality education with free books, uniform and mid day meals to poor children.[30]
Satya Bharti School Program' – the Foundation's flagship program is running 254 schools in six States serving over 45,000 rural children, free of cost. The other educational initiatives including the – Satya Bharti School, Quality Support and Learning Centre Programs, are currently reaching out to over 350,000 underprivileged children in 11 states. Other Program of the Foundation making considerable impact among the underprivileged sections is – 'Satya Bharti Abhiyan' (Sanitation).
In 2017, the Bharti Family pledged 10% of their wealth (approx. Rs 70 billion) towards Philanthropy to set up Satya Bharti University, a world-class University to offer education to deserving youth from economically weaker sections of society
Mittal has been married "for decades" to Nyna Mittal, a philanthropist who focuses on education.
Awards and recognition
- Padma Bhushan, Government of India, 2007[37]
- Transforming India Leader, NDTV Business Leader Awards[38]
- GSM Association's chairman's Award, 2008[39]
- Asia Businessman of the Year, Fortune Magazine, 2006[40]
- Telecom Person of the Year, Voice & Data magazine (India), 2006[citation needed]
- CEO of the year, Frost and Sullivan Asia Pacific ICT awards, 2006
- CEO of the year, 2005–06, Business Standard[41]
- Best Asian Telecom CEO, Telecom Asia Awards, 2005
- Best C.E.O, India, Institutional Investor, 2005
- Business Leader of the Year, Economic Times, 2005[42]
- Philanthropist of the Year Award, The Asian Awards, 2010[43]
- INSEAD Business Leader Award, 2011[44]
- Honoris Causa Doctorate of Sciences (D.Sc.) Degree, Amity University Gurgaon, 2016[45]
- 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 Industry Honours Sunil Bharti Mittal for his contributions to the Global Mobile Industry as Chairman of the GSMA Board, 2019[citation needed]
- Business Leader of the Year at The Economic Times Awards for Corporate Excellence 2022[46]
- Appointed Honorary Knight Commander of the Order of the British Empire (KBE) in the 2024 Special Honours, in recognition of his contributions to strengthening business relations between India and the UK.[47]
Industry associations and affiliations
- Chairman, GSM Association, 2017–19[48]
- Honorary Chairman, International Chamber of Commerce (ICC)[49]
- Member, Telecom Board of International Telecommunication Union (ITU), the leading UN agency for Information and Communication Technology Commissioner, Broadband Commission for Sustainable Digital Development at ITU
- Chair, World Economic Forum's Telecommunications Steering Committee[50]
- Member, International Business Council, World Economic Forum[51]
- Member, Board of Directors, Qatar Foundation Endowment
- Member, Board of Directors, SoftBank Corp. (2011–2013)
- Member, Board of Directors, Unilever PLC and Unilever NV (2011–2013)
- Member, International Advisory Committee to the Board of Directors, NYSE Euronext (2008– 2011)
- Member, Board of Directors, Standard Chartered Bank Plc (2007–2009)
- Member, Board of Directors, Hero Honda Motors (2006–2009)
- President, Confederation of Indian Industry (CII) (2007–2008)[52]
- Co-chairman, Annual Meeting, World Economic Forum, Davos (2007)[53]
- Member, Board of Global GSM Association (2003–2007)
Academia
- Member, Global Advisory Council, Harvard University
- Member, Vice Chancellor’s Circle of Advisors on India, University of Cambridge
- Member, Board of Dean Advisors, Harvard Business School (2010 – 2019)
- Member, Governing Body, London Business School (2010 – 2013)
Global Trade
- Co-Chair, Trade & Investment Development Task Force, B20 Argentina (2018)
- Co-Chair, Trade & Investment Development Task Force, B20 Germany (2017)
- Co-Chair, SME Development Taskforce, B20 China (2016)
References
- ^ a b c d Nair, Vinod (22 December 2002). "Sunil Mittal speaking: I started with a dream". The Times of India.
- ^ a b Heather Timmons (25 May 2008). "$50 Billion Telecom Deal Falls Apart". The New York Times. Retrieved 1 April 2010.
- ^ "Airtel becomes third largest globally". Gadgets.ndtv.com. 30 June 2015.
- ^ "India's 100 Richest People". Forbes. Retrieved 3 November 2022.
- ^ "Sunil Mittal, Indra Nooyi get Padma Bhushan". Business Line. 27 January 2009. Archived from the original on 12 September 2012. Retrieved 1 April 2010.
- ISSN 0013-0389. Retrieved 22 March 2024.
- ^ "Lunch with Rajan Bharti Mittal". economictimes.com.
- ^ ISBN 978-81-8368-864-2.
- ^ "The World's Billionaires". Forbes. 11 March 2009. Retrieved 1 April 2010.
- ^ a b c d e "Sunil Mittal TimesNow interview". Archived from the original on 6 July 2014. Retrieved 1 April 2010 – via YouTube.
- ^ a b Clay Chandler (17 January 2007). "Wireless Wonder: India's Sunil Mittal". CNN. Retrieved 1 April 2010.
- ^ "Emerging-market telecoms: Eyes on Africa". The Economist. 6 May 2008. Retrieved 1 April 2010.
- ^ James Middleton (1 October 2009). "Bharti and MTN have called off merger discussions once again". Telecoms.com. Retrieved 1 April 2010.
- ^ "Bharti completes acquisition of Zain's Africa biz for $10.7bn". The Times of India. 8 June 2010. Retrieved 12 November 2015.
- ^ "Wal-Mart May Open India Retail Stores Within Two Years". Bloomberg Businessweek. Archived from the original on 24 September 2012. Retrieved 5 April 2013.
- ^ "Airtel calls of deal to acquire Loop telecom". The Economic Times. Retrieved 30 June 2015.
- ^ "Sunil Mittal & family". Forbes. Retrieved 2 December 2016.
- ^ Reuters Editorial. "Sunil Mittal's son joins Bharti Airtel, fuels succession talk". Reuters India. Retrieved 13 August 2017.
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has generic name (help) - ^ "Bharti Infratel IPO raises $760m". Financial Times. Retrieved 13 August 2017.(subscription required)
- ^ "Bharti rejigs board ahead of tower arm IPO". Firstpost. 27 September 2012. Retrieved 13 August 2017.
- ^ a b "Bharti Infratel shares drop 13 percent in market debut". Reuters. 28 December 2012. Retrieved 13 August 2017.
- ^ Karmali, Naazneen. "Billionaires Sunil Mittal, Ravi Ruia Face Court Grilling in Telecom Probe". Forbes. Retrieved 13 August 2017.
- ^ "India's Airtel continues Africa push with deal in Congo". Financial Times. Retrieved 13 August 2017.(subscription required)
- ^ "Oneweb secures $500m from Richard Branson, Coca-Cola and others". BOLSAMANIA. Retrieved 13 August 2017.
- ^ Mankotia, Anandita Singh; Guha, Romit (21 September 2016). "We will increase revenue market share, says Sunil Mittal". The Economic Times. Retrieved 13 August 2017.
- ^ "The Mukesh Ambani vs Sunil Bharti Mittal battle is really heating up!". Business Insider. Retrieved 13 August 2017.
- ^ "Sunil Mittal readies for 4G battle against Mukesh Ambani". Financial Times. 10 March 2016. Retrieved 13 August 2017.(subscription required)
- ^ "No more bill shocks, vows Sunil Mittal as Airtel scraps roaming charges". Business Standard India. Press Trust of India. 28 February 2017. Retrieved 13 August 2017.
- ^ "Mobile phone chief Sunil Mittal calls for end to roaming rates". Financial Times. 27 February 2017. Retrieved 13 August 2017.(subscription required)
- ^ Suzanne McGee (30 November 2009). "The 25 Best Givers". Barron's. Retrieved 1 April 2010.
- ^ Avantika (12 April 2019). "These billionaire wives are perfect combination of beauty and brains". in.news.yahoo.com. Retrieved 13 October 2020.
- ^ MacDonald, Hugo. "This Stunning London House Is the Perfect Place to Put Down Family Roots". Architectural Digest. Retrieved 13 October 2020.
- ^ Shinner, Josh (November 2019). "My Life, My Style". Harper's Bazaar Malaysia. Retrieved 13 October 2020.
- ^ Balachandran, Manu (17 February 2020). "Can Kavin Bharti Mittal Save Hike?". Forbes India. Retrieved 13 October 2020.
- ^ "Shravin Mittal shines as Bharti wins bid for satellite firm OneWeb". TelecomLead. 3 July 2020. Retrieved 13 October 2020.
- ^ Gupte, Masoom. "Shravin Mittal weds school sweetheart Sakshi Chhabra". The Economic Times. Retrieved 13 October 2020.
- ^ "Sunil Bharti Mittal". cnbctv18.com. Retrieved 11 February 2021.
- ^ Video | Business leader transforming India: Sunil Mittal, retrieved 22 March 2024
- ^ "Sunil Mittal gets GSM Association Chairman's Award". The Economic Times. 13 February 2008. Retrieved 8 November 2018.
- ISSN 0013-0389. Retrieved 22 March 2024.
- ^ "Sunil Mittal is BS CEO of the Year". Rediff. Retrieved 8 November 2018.
- ^ "Presenting the Jury for The Economic Times Awards for Corporate Excellence 2020". The Economic Times. Retrieved 11 February 2021.
- ^ "Sunil Mittal bags award". The Economic Times. Retrieved 30 June 2011.
- ^ "Sunil Mittal gets INSEAD award". The Hindu. In.com. Archived from the original on 25 March 2012. Retrieved 30 June 2011.
- ^ "Airtel's Sunil Mittal, Paytm's Vijay Shekar given honorary degrees by Amity University". DNA INDIA.com.
- ^ "ET Awards: Sunil Mittal, Mansukh Mandaviya get top honours, ICICI picked as company of the year". Economic Times. Retrieved 25 February 2023.
- ^ "Sunil Bharti Mittal becomes first Indian citizen to be conferred an honorary Knighthood by Britain's King". newsonair.gov.in.
- ^ "GSMA Elects New Board Members and Elects Sunil Bharti Mittal as Chair – Newsroom". Newsroom. 27 October 2016. Retrieved 8 November 2018.
- ^ "Chairmanship and Secretary General". ICC – International Chamber of Commerce. Retrieved 8 November 2018.
- ^ http://reports.weforum.org/digital-transformation/wp-content/blogs.dir/94/mp/files/pages/files/dti-telecommunications-industry-slideshare.pdf [bare URL PDF]
- ^ "Sunil Bharti Mittal". World Economic Forum. Retrieved 8 November 2018.
- ^ "Sunil Mittal elected CII President". The Economic Times. 24 May 2007. Retrieved 8 November 2018.
- ^ "GlobalGiants.Com - Elite Cultural Magazine: Annual Meeting 2007 of the World Economic Forum in Davos, Switzerland - January 27, 2007 Events : GlobalGiants.com". globalgiants.com. Retrieved 8 November 2018.
External links
- Profile at Bharti Enterprises
- Profile at Forbes
- Profile at Bloomberg L.P.
- Sunil Bharti Mittal Interviews at Harvard Business School
- Sunil Mittal collected news and commentary at The Times of India