#229

Sunil Mittal

India 68 years old Self-Made

Overview

Source of Wealth
Telecom
Industry
Telecom
Residence
Delhi
Marital Status
Married
Children
3

Assets

  • Bharti Airtel Ltd.
    564,574,000 shares @ -
    -
    532454-IN
  • BT Group
    1,077,673,000 shares @ -
    -
    BT.A-GB
  • Eutelsat Communications
    91,271,000 shares @ -
    -
    ETL-FR
  • ICICI Lombard General Insurance Company
    0 shares @ -
    -
    540716-IN

Biography

Telecom tycoon Sunil Mittal's Bharti Airtel is among India's largest mobile phone operators. It has more than 600 million customers across South Asia and Africa.

Airtel, which has SingTel as its partner, competes with Mukesh Ambani's Reliance Jio and Kumar Birla's Vodafone Idea.

In 2022, Google announced a $1 billion investment in Bharti Airtel,of which $700 million was for a minority stake in the company.

Mittal's Bharti Global, run by his son Shravin, has stakes in France's Eutelsat, and U.K. telecoms giant BT Group, where Mittal has a board seat.

About

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.

Mittal has been conferred the Padma Bhushan, one of India's highest civilian awards.

In March 2024, Indian-American billionaire investor Rajiv Jain's GQG Partners bought a $713 million stake in Bharti Airtel from SingTel.