Source of Wealth: Telecom
Residence: Delhi, India
Marital Status: Married
Education: Bachelor of Arts/Science, Punjab University
Rakesh Bharti Mittal is a highly accomplished and influential Indian businessperson. With a diverse range of interests in sectors such as telecom, agri-food business, financial services, realty, and communication & media devices, Mittal has made significant contributions to the business landscape in India. This article delves into his background, career achievements, notable positions, and recognitions received throughout his illustrious career.
Early Life And Education
Rakesh Bharti Mittal was born and raised in India. He pursued his education at Punjab University, where he obtained a Bachelor of Arts/Science degree. This foundation laid the groundwork for his future endeavors in the business world.
Career And Achievements
Mittal’s career has been marked by his involvement in various companies and organizations, where he has held leadership positions and made significant contributions. He currently serves as the Vice-Chairman of Bharti Enterprises, one of India’s leading business groups. Under his guidance, Bharti Enterprises has expanded its reach and influence across multiple sectors.
Chairmanship And Directorship
Mittal’s leadership extends to various companies and organizations. He holds the position of Chairman for FieldFresh Foods Pvt Ltd., Bharti AXA General Insurance Co. Ltd., Nehru Sidhant Kender Trust, Beetel Teletech Ltd., and Bharti Foundation. Additionally, he serves as the Managing Director of Bharti Realty Holdings Ltd.
Mittal’s Involvement In Bharti Airtel
One of Mittal’s notable roles is his position as a non-executive director of Bharti Airtel, one of India’s largest mobile phone operators. Bharti Airtel boasts a customer base of over 500 million across South Asia and Africa. This telecom giant, in partnership with SingTel, competes with other major players in the industry, including Reliance Jio and Vodafone Idea.
Investments And Mergers
Mittal’s family investment firm, Bharti Global, has made strategic investments in various ventures. Notably, they invested in the U.K. satellite provider OneWeb, which aims to provide global broadband coverage. In 2022, Mittal agreed to merge OneWeb with Eutelsat, a significant development that values OneWeb at $3.4 billion.
Recognitions And Awards
Throughout his career, Rakesh Bharti Mittal has been recognized and honored for his outstanding contributions and achievements. He has received prestigious awards such as the Horasis Indian Business Leader of the Year 2016 Award for Internationalization, the Institute of Engineers – Engineering Excellence Award in 2004, and the LMA – Entrepreneur of the Year Award in 1992. In 2019, he was bestowed with the Lifetime Achievement Award by Satish Chander Dhawan College for his invaluable contributions to business and public interest.
Net Worth Of Rakesh Mittal
According to Forbes as of October 2023, Rakesh Mittal has a net worth of $4.8 billion. He is currently ranked at number 699 on the Forbes Billionaires list for 2023.