Sunil Bharti Mittal | |
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Sunil Bharti Mittal at the World Economic Forum in Davos, 2013
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Born |
Sunil Bharti Mittal 23 October 1957 Ludhiana, Punjab, India |
Residence | New Delhi, India |
Nationality | Indian |
Alma mater | Panjab University |
Occupation | Founder & Chairman Bharti Enterprises |
Net worth | US$6.2 billion (Sep 2016) |
Spouse(s) | Nyna Mittal |
Children | 3 |
Parent(s) | Sat Paul Mittal (father) |
Relatives |
Kavin Bharti Mittal (son) Sharan Pasricha (son-in-law) |
Website | Sunil Bharti Mittal - Bharti.com |
Notes | |
Sunil Bharti Mittal (born 23 October 1957) is an Indian entrepreneur, philanthropist and the Founder & Chairman of Bharti Enterprises, which has diversified interests in telecom, insurance, real estate, malls, hospitality, agri and food besides other ventures. Bharti Airtel, the group's flagship company is the world's third largest and India's largest telecom company with operations in 18 countries across Asia and Africa with a customer base of over 372 million. Bharti Airtel clocked revenues of over USD 14.75 billion in FY2016. He is listed as the 8th Richest person in India by Forbes with a Net worth of $7 Billion.
In 2007, he was awarded the Padma Bhushan, India's third highest civilian honor. On June 15, 2016, he was elected as Chairman of the International Chamber of Commerce.
Sunil Bharti Mittal was born in Punjabi family. His father, Sat Paul Mittal, had been the Member of Parliament, Rajya Sabha (Indian National Congress) from Ludhiana, 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, but later attended Scindia School at Gwalior and he graduated in 1976 from Panjab University, Chandigarh, with a Bachelor of Arts and Science for which he studied in Arya College,Ludhiana. His father died of cardiac arrest in 1992.
A first generation entrepreneur, Sunil started his first business in April 1976 at the age of 18, with a capital investment of ₹20,000 (US$310) borrowed from his father. His first business was to make crankshafts for local bicycle manufacturers.
In 1980, he along with his brothers Rakesh Bharti Mittal and Rajan Bharti Mittal started an Import Enterprise named Bharti Overseas Trading Company. He sold his bicycle parts and yarn factories and moved to Mumbai. In 1981, he purchased importing licences from exporting companies in Punjab. 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.