Sunil Mittal Net Worth is$8.6 Billion
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Profession: Entrepreneur, Businessperson
Date of Birth: Oct 23, 1957
Nicknames: Sunil Mittal
Ethnicity: Agrawal, Indian people
Country: India
Sunil Mittal is an Indian telecommunication mogul and philanthropist with a net worth of $8.6 billion. Sunil Mittal acquired that net worth by founding the giant telecom company, Bharti enterprises, which is the biggest mobile phone provider in India. He was born in Ludhiana, Punjab, India and now lives in South Delhi.
Sunil Bharti Mittal (born 23 October 1957) is an Indian telecom mogul, philanthropist and the founder, chairman and Group CEO of Bharti Enterprises. The US$8.3 billion turnover company runs India's largest GSM-based mobile phone service and world's fifth largest wireless company with over 190 million customers across 19 countries in Asia and Africa. He is the son of SatPal (former MP) and Lalita.
In 2007, he was awarded the Padma Bhushan, India's third highest civilian honor.
Sunil Mittal was born in Ludhiana, Punjab, India. His father, Sat Pal Mittal, had been the Member of Parliament (M.P) from Ludhiana. He first joined the Wynberg Allen School in Mussoorie, but later attended Scindia School at Gwalior and he graduated in 1976 from Punjab University, Chandigarh, with a Bachelor of Arts and Science for which he studied in Arya College for Boys, a local college in Ludhiana. His father died of cardiac arrest in 1992.
A first generation entrepreneur, Mittal started his first business in April 1976 at the age of 18, with a capital investment of 20,000 (US$399) borrowed from his father. His first business was to make crankshafts for local bicycle manufacturers.
In 1980, he along with his brothers Rakesh, Rajan started an Import Enterprise named Bharti Overseas Trading Corporation. 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 and just two licences to manufacture generators in India were issued to two companies.[citation needed]
In 1984, he started assembling push-button phones in India, which he earlier used to import from a Taiwan company, Kingtel, replacing the old fashioned, bulky rotary phones that were in use in the country then. Bharti Telecom Limited (BTL) was incorporated and enter

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Sunil Mittal Latest News

Airtel stays market leader with sharp revenue share gains

The Sunil Bharti Mittal-promoted Bharti Airtel Ltd has registered a significant increase in market share by revenue in the top six circles since the September quarter of 2012-13, according to data provided by the Telecom Regulatory Authority of India.
Posted: December 6, 2016, 1:37 am

Airtel Payments Bank to offer 7.25% interest on savings deposits

Airtel M Commerce is a subsidiary of Sunil Mittal promoted Bharti-Airtel Ltd. “The pilot is aimed at testing systems and processes ahead of a full scale pan Indian launch,” it said. It said money transfer will be free if it is done from from Airtel to ...
Posted: November 23, 2016, 8:29 am

Brookfield offers US$11B for majority stake in India’s largest listed wireless tower owner: reports

An investor group including KKR & Co., Canada Pension Plan Investment Board and Blackstone Group LP made an offer for a minority stake in the Gurgaon-based company, which is controlled by billionaire Sunil Mittal, according to the people. The bid from ...
Posted: December 1, 2016, 3:18 pm
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