Sunil Bharti Mittal is an Indian Billionaire entrepreneur, philanthropist and the Founder & Chairman of Bharti Enterprises was born on 23 October 1957 Ludhiana , Punjab, which has diversified interests in telecom, insurance, real estate, malls, hospitality, agri and food besides other ventures. Bharti Airtel, the group’s flagship company is the world’s third largest and India’s largest telecom company with operations in 18 countries across Asia and Africa with a customer base of over 372 million. Bharti Airtel clocked revenues of over USD 14.75 billion in FY2016. He is listed as the 8th Richest person in India by Forbes with a Net worth of $7 Billion. A first-generation entrepreneur, Sunil started his first business in April 1976 at the age of 18, with a capital investment of ₹20,000 (US$310) borrowed from his father. His first business was to make crankshafts for local bicycle manufacturers. Sunil Bharti Mittal was born in Punjabi family. His father, Sat Paul Mittal, had been the Member of Parliament, Rajya Sabha from Ludhiana, Punjab, he was elected from Punjab for two terms and nominated to the Rajya Sabha once (1988). He first joined the Wynberg Allen School in Mussoorie, but later attended Scindia School at Gwalior and he graduated in 1976 from Panjab University, Chandigarh, with a Bachelor of Arts and Science for which he studied in Arya College, Ludhiana. His father died of cardiac arrest in 1992. In 2012, Mittal took Bharti Infratel public with an initial IPO that raised $760 million. Mittal noted that the sale, considered by many to be only a modest success, was a “strong endorsement from qualified investors”. The board was restructured ahead of the IPO with Mittal remaining as Chairman and Managing Director. After the IPO, shares of Bharti Infratel dropped sharply at the commencement of trading. In 2013, Mittal was ordered to appear before a special Delhi court to answer questions about the additional allocation of airwaves to certain companies. Allegations against Mittal state that there had been collusion with key telecoms officials in the government to illegally secure an extra spectrum. No charges were issued against Mittal, however the trial court judge noted that there was enough material on record to proceed. In 2015, Sunil Mittal announced that he would be joining the board of Oneweb, a space internet company. Mittal was one of the investors in a $500 million investment round that included Coca-Cola, Virgin and Qualcomm.
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