In this success post, we are going to share the story of Sunil Mittal, an Indian entrepreneur who founded the Bharti Enterprises, a business conglomerate headquartered in New Delhi, India.
The corporation which deals in multiple industries across sectors, which includes the financial, retail, telecom services, is India’s largest telecom industry.
He is also a philanthropist who believes in giving back to society. He has been working towards educating the weaker sections in India via the Bharti Foundation, the philanthropic arm of his enterprises.
Sunil Mittal Childhood & Early Life
He was born on 23rd October 1957 in an Aggarwal family in Ludhiana, Punjab, India. His father, Sat Paul Mittal, was a much-respected politician. Sunil has two brothers, Rajan Mittal and Rakesh Bharti Mittal.
He attended the Wynberg Allen School in Mussoorie for a while before moving on to Scindia School at Gwalior. Later on, he enrolled at the Panjab University from where he graduated in 1976 with a Bachelor of Arts and Science.
Sunil Mittal Career
Sunil was ambitious and business-minded from a young age. He began to import scraps and bicycle parts when he was just around 19 and went on to build a small scale project to manufacture stainless steel sheets.
Eventually, he moved to Mumbai to pursue his business dreams, where he started on a small scale, selling his stainless sheets. This experience taught him that he had the potential to become a successful businessman as he was good at making sales and persuading people.
Along with his brothers, he started an import enterprise named Bharti Overseas Trading Company in 1980, and the next year he purchased importing licensed from exporting companies in Punjab.
Along with his brothers, he started an import enterprise named Bharti Overseas Trading Company in 1980, and the next year he purchased importing licenses from exporting companies in Punjab.
He obtained a dealership with Suzuki Motors and imported thousands of their portable electric powered generators from Japan. Soon his business was thriving, and he became a millionaire.
He faced a crisis when the government banned the import of generators in order to promote the manufacture of generators within the country. He had to look for some other business avenues now.
He saw a push-button phone while in Taiwan and in 1984 he started assembling push buttons phones in India. He launched Bharti Telecom Limited, and by the early 1990s, he was manufacturing fax machines, cordless phones, and some other telecom gear.
The government invited bids for mobile telephony in 1992, and Sunil was successful in bidding for one of the four mobile phone network licensed auctioned.
He collaborated with the French telecom group Vivendi who agreed to do business with him in spite of the fact that he was still a small timer at that time. He launched services in Delhi in 1995 when the Bharti Cellular Limited was formed to offer cellular services under the brand name as AirTel.
Under his direction, the company became very successful and within a few years became the first telecom company to cross the 2-million mobile subscriber mark.
Sunil Mittal Net Worth
Sunil Mittal has a net worth of $6.6 billion.