Sunil Bharti Mittal is an Indian billionaire businessman and philanthropist, known for his contributions to the telecom industry and his philanthropic efforts through the Bharti Foundation. With diversified interests in various sectors, Mittal has played a significant role in the growth and success of Bharti Enterprises, particularly Bharti Airtel, which has become one of the world’s largest telecom companies.
Early Life And Education
Sunil Bharti Mittal was born on October 23, 1957, in Ludhiana, Punjab, India. He grew up in a middle-class family and was the son of a politician. From a young age, Mittal showed an entrepreneurial spirit and a keen interest in business.
Mittal completed his schooling from Wynberg Allen School in Mussoorie, Uttarakhand. After completing his schooling, he pursued a bachelor’s degree in Commerce from Punjab University, Chandigarh. During his college years, Mittal was actively involved in various entrepreneurial ventures, showcasing his business acumen and determination.
At the age of 18, Mittal started his first business venture, manufacturing crankshafts for local bicycle manufacturers. This initial venture laid the foundation for his future entrepreneurial endeavors and showcased his ability to identify business opportunities.
Venturing Into The Telecom Industry
In the early 1990s, the Indian government announced its plans to liberalize the telecom sector, opening up opportunities for private players. Recognizing the potential of the telecom industry, Mittal decided to venture into this sector.
In 1995, Mittal founded Bharti Cellular Limited (BCL), which later became Bharti Airtel. Under the brand name AirTel, BCL offered cellular services and quickly gained popularity in the Indian market. Mittal’s vision and strategic decisions played a crucial role in the success of Bharti Airtel, propelling it to become one of the largest telecom companies in the world.
Philanthropic Efforts And Social Impact
Throughout his successful entrepreneurial journey, Mittal has remained committed to giving back to society and making a positive impact. In 2000, he established the Bharti Foundation, the philanthropic arm of Bharti Enterprises.
The Bharti Foundation focuses on providing quality education to underprivileged children in rural areas of India. The foundation’s flagship program, the Satya Bharti School Program, has established schools in villages across India. These schools provide free education, books, uniforms, and mid-day meals to thousands of underprivileged children, ensuring they have access to quality education.
Recognition And Awards
Sunil Bharti Mittal’s contributions to business and society have earned him numerous accolades and recognition. In 2007, he was honored with the Padma Bhushan, one of India’s highest civilian honors, for his exceptional achievements and contributions to the telecom industry.
Mittal’s leadership and influence extend beyond his business ventures. He has served as the Chairman of the International Chamber of Commerce (ICC), where he actively worked towards promoting global trade and fostering economic growth.
Family And Legacy
Mittal is married to Nyna Mittal, and they have three children. His twin sons, Kavin Bharti Mittal and Shravin Bharti Mittal, have also made their mark as entrepreneurs in their respective fields.
The Mittal family has pledged to donate 10% of their wealth towards philanthropy. They aim to establish Satya Bharti University, a world-class institution that will provide deserving youth from economically weaker sections of society with access to quality higher education.
Sunil Bharti Mittal & Family Net Worth
As of October 2023, according to Forbes, Sunil Bharti Mittal has an estimated net worth of $14.5 billion. This significant wealth places him among the world’s billionaires, ranking at 132 in Forbes’ list for 2022.