SPARK OF THE CORPORATE
Sunil Mittal, was born on 23rd October 1957 in Ludhiana, Punjab, India. His father, Sat Pal Mittal had been the Member of Parliament (M.P) from Ludhiana. M.P. But Sunil did not follow his father's footsteps. His father died of cardiac arrest in 1992.
Education & Carrier of Sunil Mittal:-
Sunil Bharti Mittal graduated from Punjab University and is a former student of Harvard Business School. He received the degree of Doctor of Science (Honoris Causa) from the G.B. Pant University of Agriculture & Technology, and is also an Honorary Fellow of The Institution of Electronics and Telecommunication Engineers (IETE) of India.
Showing interest in business from his teenage days, soon after graduation, he along with his friend started a small bicycle business in the1970s with borrowed capital. In 1979 he moved to Ludhiana and later to Mumbai. In 1981 he was already managing an import and distribution operation out of Mumbai and New Delhi selling Japanese portable generators. He introduced phones in India with push buttons that he became interested in while on a trip to Taiwan, replacing the rotary phones.
Bharti Telecom Limited (BTL) tied up with Siemens AG of Germany to manufacture electronic push button phones. BTL began manufacturing fax machines in early 1990s as well as cordless phones and other telecom gear. With the market being opened up for mobile phones, Mittal teamed up with Vivendi, the French telecom group. Bharti Cellular Limited (BCL) was established in 1995 and began offering cellular services under the brand name AirTel crossing the 2 million mark.
India One, another brand of Mittal, brought down the STD/ISD rates. BTL together with Singapore Telecom International launched a $650-million submarine cable project in 2001, India’s first undersea cable link that connects Singapore with Chennai in India.
He also established Bharti Foundation which finances more than 50 schools in Madhya Pradesh. He also donated Rs 200 million to IIT Delhi for establishing a Bharti School of Technology and Management.
The son of a parliamentarian, married, and has three children, a daughter and twin sons. Rakesh and Rajan, his brothers, are involved with him in the business. He is the founder, Chairman and Managing Director of Bharti Group, a major telecom group and mobile phone operator in India. Mittal resides in Delhi. Basically a Hindu in religion. He is married to nyna and has three children. He has a brother called Rajan. Rajan has several kids including Zubin Bharti Mittal, who was recently elected student council president in the British School New Delhi after narrowly beating Sourabh Lal. He is superstitious about the number 23, as he was born on the 23rd and also got married on the 23rd day of the month. He also stops eating meat before any big adventure.
Stages of development:-
After graduating from Punjab University in 1970s, he set up a small bicycle business in Ludhiana in partnership with his friend. By 1979, Sunil Mittal realized that his ambitions could not be fulfilled in Ludhiana, so he moved out to Mumbai from Ludhiana. He spent a few years in Mumbai and in 1982; Sunil Mittal started a full-fledged business selling portable generators imported from Japan. This gave him a chance to acquaint himself with the nitty-gritty's of marketing and advertising. His business was running smoothly but later on the government banned the import of generators as two Indian companies were awarded licenses to manufacture generators locally.
In 1986, Sunil Bharti Mittal incorporated Bharti Telecom Limited (BTL) and entered into a technical tie up with Siemens AG of Germany for manufacture of electronic push button phones. Gradually he expanded his business and by early 1990s, Sunil Mittal was making fax machines, cordless phones and other telecom gear.
In 1992, when the Indian government was awarding licenses for mobile phone services for the first time, Sunil Mittal clinched Delhi cellular license in collaboration with French telecom group Vivendi. In 1995, Sunil Mittal founded Bharti Cellular Limited (BCL) to offer cellular services under the brand name AirTel. Soon, Bharti became the first telecom company to cross the 2-million mobile subscriber mark. Bharti Cellular Limited also rolled out India's first private national as well as international long-distance service under the brand name India One. In 2001, BCL entered into a joint venture with Singapore Telecom International for a $650-million submarine cable project, India's first ever undersea cable link connecting Chennai in India and Singapore.
Today, Sunil Mittal runs a successful empire with a market capitalization of approximately $ 2 billion and employing over 5,000 people. He has been honored with several awards. Sunil Bharti Mittal was chosen as one of the top entrepreneurs in the world for the year 2000 and amongst 'Stars Of Asia', by 'Business Week'. He also received IT Man of the Year Award 2002 from Dataquest and CEO Of the Year, 2002 Award (World HRD Congress).
AWARDS and ACHIEVEMENTS:-
He was awarded with many prestigious awards like GSMA Chairman's Award (2008); Padma Bhushan (2007); Asia Businessman of the Year, Fortune Magazine (2006); Telecom Person of the Year, Voice & Data (2006); CEO of the year (2005); Best Asian Telecom CEO, Telecom Asia Awards (2005); Best CEO, India, Institutional Investor (2005); Business Leader Of The Year, Economic Times (2005); and Ernst & Young Entrepreneur Of The Year (2004).
IT Man of the Year Award from Dataquest (2002); CEO Of the Year 2002 Award from World HRD Congress; Awarded one of the top entrepreneurs in the world for the year 2000; and one amongst the 'Stars Of Asia', by 'Business Week’.
Sunil Bharti Mittal is a Member of National Council of Confederation of Indian Industry (CII); Member, Federation of Indian Chambers of Commerce & Industry (FICCI); Chairman, Indo-US Joint Business Council; and Member, Advisory Committee constituted by Ministry of IT.
Finally he is settled as a Chairman and Managing Director of Bharti Group, India's largest GSM-based mobile phone service provider; IT Man of the Year Award 2002 from Dataquest and CEO Of the Year, 2002 Award from World HRD Congress.