Sunil Mittala a Enterpreneur

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A

ASSIGNMENT

On

“Entrepreneur  in India ”

“Submitted to the Entrepreneur Development Faculty”

For 

Masters of Business Administration

Submitted by

Deepak Kumar Pathak 

Datta Meghe Institute of Management StudieAtrey

Layout, Pratapnagar, Nagpur

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2010 - 11

Bharti Enterprises 

Sunil Bharti Mittal

Chairman and managing director of Bharti Enterprises

Personal life

Sunil Mittal was born in Punjab. His father, Sat Paul Mittal had been the Member of Parliament (M.P) from Ludhiana. He attended scindia school at Gwalior and He graduated

in 1979 from Punjab University, Chandigarh, with a Bachelor of Arts and Science. Hisfather died of cardiac arrest in 1992. Mittal resides in Delhi. He is married and has threechildren. He is superstitious about the number 23, as he was born on the 23 and also gotmarried on the 23. He also stops eating meat before any big venture.

Bharti group

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Mittal built the Bharti group along with his brothers Rakesh and Rajan becoming India'slargest mobile phone operator in just ten years. The UK-based telecommunicationscompany, Vodafone and Singapore's SingTel both own stakes in the recently renamedflagship company Bharti Airtel. The group also has partnerships with Axe for insurance andwith the Rothschild family. Airtel now serves over 110 million Indian customers — 

 becoming the largest telecom operator in India.

Entrepreneurial ventures

A first generation entrepreneur, Mittal started his first business in April 1976 at the age of 18, with a capital investment of Rs 20,000 (U$500) borrowed from his father. His first business was to make crankshafts for local bicycle manufacturers. In 1980 he sold his bicycle parts and yarn factories and moved to Mumbai.

In 1981, he purchased importing licenses from exporting companies in Punjab. He thenimported 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 twolicenses to manufacture generators in India were issued to two companies.

In 1984, he started assembling push-button phones in India replacing the old fashioned, bulky rotary phones that were in use in the country then. Bharti Telecom Limited (BTL)was incorporated and entered into a technical tie up with Siemens AG of Germany for manufacture of electronic push button phones. By the early 1990s, Mittal was making faxmachines, cordless phones and other telecom gear. Mittal says, "In 1983, the governmentimposed a ban on the import of gensets. I was out of business overnight. Everything I wasdoing came to a screeching halt. I was in trouble. The question then was: what should I donext? Then, opportunity came calling. While in Taiwan, I noticed the popularity of the

 push-button phone -- something which India hadn't seen then. We were still using thoserotary dials with no speed dials or redials. I sensed my chance and embraced the telecom business. I started marketing telephones, answering/fax machines under the brand nameBeetel and the company picked up really fast."

In 1992, he successfully bid for one of the four mobile phone network licences auctioned inIndia One of the conditions for the Delhi cellular license was that the bidder have someexperience as a telecom operator. So, Mittal clinched a deal with the French telecom groupVivendi.

He was one of the first Indian entrepreneurs to identify the mobile telecom business as a major growth area. His plans were finally approved by the Government in1994 and he launched services in Delhi in 1995, when Bharti Cellular Limited (BCL) was

formed to offer cellular services under the brand name Airtel. Within a few years Bharti

 became the first telecom company to cross the 2-million mobile subscriber mark. Bhartialso brought down the STD/ISD cellular rates in India under brand name

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'Indiaone'.IndiaOne was India’s first private national as well as the international long-distance service provider, and, thus, became a major factor in Bharti's success by providingservices cheaply.

In November 2006, he struck a joint venture deal with Wal-Mart, the US retail

giant, to start a number of retail stores across India.

In May 2008, it emerged that Sunil Bharti Mittal was exploring the possibility of buying

the MTN Group, a South Africa-based telecommunications company with coverage in 21countries in Africa and the Middle East. The Financial Times reported that Bharti wasconsidering offering US$45 billion for a 100% stake in MTN, which would be the largestoverseas acquisition ever by an Indian firm. However, both sides emphasize the tentativenature of the talks, while The Economist  magazine noted, "If anything, Bharti would bemarrying up," as MTN has more subscribers, higher revenues and broader geographiccoverage.[8] However, the talks fell apart as MTN group tried to reverse the negotiations bymaking Bharti almost a subsidiary of the new company

Philanthropy

He is opening a football academy in Haryana or Goa to help India send a team to the 2018FIFA World Cup. Mittal has also been working towards educating India through the BhartiFoundation. The foundation has established over 200 schools and libraries in India, as wellas providing scholarships for college students. For his work with the foundation Barron's 

named Mittal number 16 on its 2009 list of the world's top 25 philanthropist.

Bharti zain deal

The board of Kuwait’s Zain Telecom has accepted a $10.7-billion (Rs 49,700 crore) offer 

from Bharti Airtel for the bulk of its African assets, breathing new life into the Indiancompany’s cherished ambition of transforming itself into an emerging-marketmultinational. Sources said that Bharti would acquire 100% of Zain’s African operations.Sudan and Morocco would be out of the deal. The deal would be an all-cash deal whereBharti would pay $700 mn to Zain by year end. Telecom Minister A Raja said that theBharti-Zain deal was good for the Indian industry

Achievement

Chairman and Managing Director of Bharti Group, India's largest GSM-basedmobile phone service provider; IT Man of the Year Award 2002 fromDataquest and CEO Of the Year, 2002 Award from World HRD Congress.Bharti Airtel has been named as the 'Service Provider of the Year' and

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'Wireless Service Provider of the Year' in the Asia Pacific region by Frost &Sullivan. The 2009 Frost & Sullivan Asia Pacific ICT Awards seek torecognize companies that have pushed the boundaries of excellence, risingabove the competition and demonstrating outstanding performance.

About Airtel

Airtel is the 5th largest mobile operator in the world in terms of subscriber  base and has a commercial presence in 19 countries.

Its area of operations includes:

• 3 countries in the Indian Subcontinent:

Bangladesh, India and Sri Lanka

• 16 countries in Africa:

Burkina Faso, Chad, Democratic Republic of the Congo, Republic of theCongo, Gabon, Ghana, Kenya, Madagascar , Malawi, Niger , Nigeria,Seychelles, Sierra Leone, Tanzania, Uganda and Zambia.

Airtel owns 70 % of Warid Telecom in Bangladesh through a joint venture.Bharti Airtel Limited will take management control of the company and its

 board, and will relaunch the company's services under its own Airtel brand.The Bangladesh Telecommunication Regulatory Commission approved thedeal on January 4, 2010.

Bharti subsidiary company

o Bharti Airtel Ltd. o Bharti Infratelo Bharti Retails Ltd. o Bharti TeleTech Ltd. 

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o Telecom Seychelles Ltd. o Comviva Technologies Limitedo FieldFresh Foods Pvt. Ltd. o Bharti AXA General Insurance Companyo Bharti AXA Life Insurance Companyo Bharti AXA Investment Managers Pvt. 

Ltd. o Centum Learning Limitedo Jersey Airtel Ltd. o Bharti Foundationo Bharti Realty

Photograph of Bharti Enterprises

In between Sunil mittal

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In between Sunil mittal

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Sunil mittal

Airtel headquarter

Sunil mittal with manmohan Singh and mukesh Ambani

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Position of Airtel in world