Meet man behind Rs 5,00,000 crore firm, rival of Mukesh Ambani's Jio, who has net worth of...

Indians are succeeding in major ventures across the globe across every industry. NR Narayana Murthy, Mukesh Ambani, Ratan Tata, and other well-known figures are examples. One name has enjoyed significant success in the telecom business.

With more than 474 million users, telecom billionaire Sunil Mittal's Bharti Airtel is one of India's top mobile phone providers, as per Forbes. In competition with Mukesh Ambani's Reliance Jio and Kumar Birla's Vodafone Idea is Airtel, which has SingTel as a partner.

Who is Sunil Mittal?

Hailing from Punjab's Ludhiana, Sunil Mittal received his Bachelor of Arts and Science from Panjab University. The Padma Bhushan is one of India's highest civilian honors, and Sunil has received it. His late father, Sat Paul Mittal, was a representative in the Rajya Sabha.

Sunil Bharti Mittal's net worth, as reported by Forbes, is $6.8 billion, or Rs. 56,000 crore. He and his family collectively have a net worth of $14.5 billion. On the Forbes list of the wealthiest Indians for 2022, Mittal came in at number 11. According to the report, Mittal is also the wealthiest Indian in the telecom industry.

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In India, Sunil Bharti Mittal is a well-known figure in the telecom industry. He is a multibillionaire Indian entrepreneur who started Bharti Enterprises. He serves as the group's chairman and has a variety of interests, including those in telecom, insurance, real estate, and education. In addition, Mittal serves as the chairman of Bharti Airtel, one of the world's largest telecom firms with operations in 17 nations.

As of September 4, 2023, the market value of Bharti Airtel was Rs. 5.02 lakh crore. In a partnership with Kotak Mahindra Bank, run by billionaire Uday Kotak, Mittal also operates Airtel Payments Bank. When he was 18 years old, in April 1976, Mittal launched his first company. He had 20,000 rupees in capital that he loaned from his father. Bharti began as a manufacturer of bicycle components in 1976.

How did Airtel become a global brand?

In 2010, Airtel began operations in Africa. Sunil Bharti Mittal had made two previous unsuccessful attempts to launch a firm in Africa. The third time was the charm for him. The operations of Zain Telecom BV in 15 African nations were purchased by Airtel Group. This transaction has a 10.7 billion dollar value. For this purchase, the Airtel Group took out an 8.5 billion dollar loan. Airtel Africa is the organization that emerged as a result of this.