Sunil Bharti Mittal- A Hungry BIG Fish

8/9/2019 Sunil Bharti Mittal- A Hungry BIG Fish

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-Rizwan,Manish.IP University,Delhi.


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Born: October 23, 1957Ludhiana , Punjab , Indian

Ethnicity: Baniya

Alma mater:

Bachelor of Economics & Political Science

-Panjab UniversityStudent of Harward Business School.

Occupation:Founder, Chairman and Managing Director of

Bharti Group

Net worth: US$7.7 billion (2009)

Spouse(s): Nyna

Children: Eiesha and twins Kavin & Sharvin


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ENTREPRENEURIAL VENTURES

Sunil did not want to follow his father's footsteps.He had shown an interest in business evenfrom his teenage days.

So after graduation, Sunil got together with hisfriend and formed a small bicycle businesswith borrowed capital in the1970s.

But, by 1979, he realized that this business wouldremain small. So he moved out of Ludhiana,

spent a few years in Bombay.


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In 1982

He acquired an import license in an otherwiseclosed economy.

Later, gov. Banned the import of gen as 2 indianco. was awarded licence.

He got interested in Push button phones whilehis trip to taiwan.

Replaced the Rotatory bulky phones.


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Bharti Telecom Limited(BTL)incorporated

He Built Bharti group, along with two

siblings in just 10 yrs

Entered into technical tie up withSiemens A,Germany to mfg.Push button

phones. By 1990,Mittal was making fax machines,

cordless phones and other tele gears toDoT


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Turning

Point.......


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In1992 when Indian gov. was awarding 4licenses for mobile phone services.

Mittal Clinched a deal with Vivendi,a Frenchtelecom group to qualify for bid.

In 1995, Bharti Cellular Limited (BCL) wasformed to offer cellular services under thebrand name .


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Bharti became the first tel co. to cross the 2million mobile subcscriber mark.

The MAGIC by airtel provided cheaper callrates.

The IndiaOne plan reduced STD/ISD callingrates in india.


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Chennai,India Singapore

In 2001, the company entered into JV wihSingapore Telecom International.

The JV pegged $650 million for marine cableproject.


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Bharti Airtel Bharti Teletech Telecom Seychelles Comviva Technologies Ltd

Fieldfresh Foods Pvt. Ltd. Bharti Retail Pvt Ltd Bharti AXA Insurance Co. Centum Learning Ltd.

Jersey Airtel Ltd. Bharti Foundation Bharti Realty Bharti Infratel


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S h o p a h o l i cS h o p a h o l i c


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Major Appetizers...

Walmart JV

MTN

Warid

Zain


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BHARTI & MTN DEAL ON 1st OCTOBER 09Bharti & MTN deal went off

What went wrong ?

1. Indias inability to allow dual listing of amerged entity that may have addressedSouth African concerns.

2. SEBI change rule on GDRs that may haveforced MTN into unexpected additionalexpenditure on making open offer for Bhartishares.

3. MTN minority shareholders were backingthe deal. Investors were offeredcash to GDRs as security that meansinvestors selling other assets to complywith limits.


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Warid

70% stake in Warid Telecom.

Plans to make $300 million inv in the co.

Spread across all the 64 districts ofBangladesh

customer base of over 2.9 million


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ZAIN Deal


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Bharti Bid for Zain

Had bid $10.7 billion for Kuwait-basedZain Telecoms African assets.

Bharti Board Oks $9 Bn Zain Offer:Bloomberg .

This Deal will enable Airtel to enter thefast-growing overseas market.


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Mantra of success lies just in

these two lines :

Doing what you like andloving what you do.

- Sunil Bharti Mittal.


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Sunil Bharti Mittal- A Hungry BIG Fish

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