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by Pardeep Tue Nov 05, 2013 10:41 am
Sunil Mittal & family

India's telecom tycoon Sunil Mittal holds the 59th position with a net worth estimating at $7.7 billion.

Mittal, who heads India's largest mobile phone operator, Bharti Airtel, added 8 million subscribers in latest quarter and launched mobile services in Sri Lanka.

Fifty-one-year-old Mittal founded the company in 1995, along with his two brothers. Airtel today has a customer base of over 91 million subscribers. Mittal's dominant share in Bharti Airtel has gone down by over 30 per cent in value terms in the past year.

Son of a politician, Mittal has taken competition head on: Bharti Airtel has held on to its top spot despite formidable rivals in Reliance Communications and Vodafone Essar.

Bharti also competes against Reliance Industries, the Aditya Birla Group, Tata and others in the $350 billion retail industry, and a host of foreign and local firms in the financial services sector.

Interestingly, the number 23 has special significance for Mittal, and features on the licence plates of his cars, in his phone number and is often a preferred date for meetings and big announcements.

He is funding a football academy, and aims to send an Indian contingent to 2018 World Cup.


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