Sunil Mittal & family
Overview
- Source of Wealth
- telecom
- Industry
- Telecom
- Residence
- Delhi
- Education
- Punjab University (Bachelor of Arts/Science)
- Marital Status
- Married
- Children
- 3
Assets
- AU Small Finance4,824,000 shares @ --540611-IN
- Bharti Airtel Ltd.1,518,300,000 shares @ --532454-IN
- ICICI Lombard General Insurance Company18,235,000 shares @ --540716-IN
Biography
Telecom tycoon Sunil Mittal's Bharti Airtel is among India's largest mobile phone operators with more than 490 million customers.
Airtel, which has SingTel as its partner, competes with Mukesh Ambani's Reliance Jio and Kumar Birla's Vodafone Idea.
Mittal also owns Airtel Payments Bank, a niche bank, in a joint venture with Kotak Mahindra Bank, controlled by fellow billionaire Uday Kotak.
In 2022, Google announced a $1 billion investment in Bharti Airtel,of which $700 million would be for a minority stake in the company.
Mittal's Bharti Global, run by son Shravin, has invested in U.K. satellite provider OneWeb. In 2022, Mittal agreed to merge it with Eutelsat in a deal that values OneWeb at $3.4 billion.
About
His son Kavin's SoftBank-backed Hike, once considered a rising unicorn, shut down its messaging service and is focusing now on gaming.
Bharti was set up in 1976 as a maker of bicycle parts.
Mittal and his two siblings have pledged $1.1 billion to their charitable foundation, mainly to set up a new university to provide free education for the poor.