Sunil Bharti Mittal - Entrepreneur Profile - 1627 Words

BACKGROUND: Family support: Sunil Bharti Mittal, born October 23, 1957 is an Indian businessman. He is the chairman and managing director of the Bharti group. The $4.5 billion turnover company runs Indias largest GSM-based mobile phone service. Sunils father, Sat Paul Mittal, an MP, was always in public life. It was Sunil who started in business (making cycle parts in Ludhiana, India) in 1976 at the age of 18 with borrowed capital of Rs 20,000.The son of a politician, Sunil Mittal is a Punjabi. He has built the Bharti group, along with two siblings, into Indias largest mobile phone operator in just ten years.15 years back, his company, Bharti Telecom, was a manufacturer of telephones of the push-button variety, and made its money by†¦show more content†¦Vision for the venture: In five years Bharti should be a very large corporation. A billion-dollar one! Personally, in another seven years, Id like to play a larger role in society. No, not politics If I can be of any use to the government then, Ill be available. By then the company should run on its own steam. Empowering people is important. Ive had some desires but no time. I used to fly planes. Id like to do something for my intellectual enrichment. GROWTH: Growth Of Bharti telecomm in initial years: Bharti Tele-Ventures was incorporated on July 7, 1995 as a company with limited liability under the Companies Act, for promoting telecommunications services. Bharti Tele-Ventures received certificate for commencement of business on January 18, 1996. The Company was initially formed as a wholly-owned subsidiary of Bharti Telecom Limited. The chronology of events since Bharti Tele-Ventures was incorporated in 1995 is as follows: Calendar year Events Ââ€" 1995 - Bharti Cellular launched cellular services AirTel in Delhi 1996 - STET International Netherlands NV, or STET, a company promoted by Telecom Italia, Italy acquired a 20% equity interest in Bharti Tele-Ventures - Bharti Telenet launched cellular services in Himachal Pradesh. 1997- British Telecom acquired a 21.05% equity interest in Bharti Cellular - Bharti Telenet obtained a license for providing fixed-lineShow MoreRelatedSunil Bharti Mittal - Entrepreneur Profile Essay1564 Words   |  7 Pages Family support: Sunil Bharti Mittal, born October 23, 1957 is an Indian businessman. He is the chairman and managing director of the Bharti group. The $4.5 billion turnover company runs Indias largest GSM-based mobile phone service. Sunils father, Sat Paul Mittal, an MP, was always in public life. It was Sunil who started in business (making cycle parts in Ludhiana, India) in 1976 at the age of 18 with borrowed capital of Rs 20,000.The son of a politician, Sunil Mittal is a Punjabi. He hasRead MoreI Love Reading Essay69689 Words   |  279 PagesKolaskar and Mr. Sunil Bahri. Table of Contents Acknowledgements Executive Summary Chapter I Chapter II Chapter III Chapter IV Chapter V Chapter VI Chapter VII Annexure I : : : : : : : : Introduction: Why Entrepreneurship What Motivates Entrepreneurship Socio-cultural Factors Access to Early Stage Finance Education, Innovation and Entrepreneurship Business Environment for Entrepreneurship Conclusion: Encouraging Entrepreneurship List of Stakeholders and Details of Entrepreneurs Surveyed EntrepreneurshipRead MoreBrand Case Studies.Docx23428 Words   |  94 Pagesplayers in the business will come down from 22 to five or six. The probable long-term players could be Bharti Enterprises, BPL, Hutchison Whampoa, Reliance and the Tata-Birla-ATamp;T combine... ------------------------------------------------- Welcome Orange In early 2000, a bright orange bloom over cities like Mumbai, Delhi and Kolkata was giving sleepless nights to Sunil Mittal (Mittal) and Rajeev Chandrashekhar (Chandrasekhar). In February 2000, Hutchison Max Telecom introduced Orange in