Professional Documents
Culture Documents
The
Basic facts
Group CEO
COMPANY
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Mittal says Bharti Airtel may have benefited from not being among the first operators to introduce 3G. Early 3G was poor
and expensive, he says. We missed all
that. Now the technology has evolved.
Indian tiger
watch out for his next move
TEXT
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Background check
SCHOOLS Punjab University, Harvard Business School.
Started bicycle parts factory in hometown of Ludhiana
As background checks go, Mittals is one of the easier because he has
had only one job in his whole career, though that job has involved a
huge variety of things the hallmark of the entrepreneur.
Million
400
350
India
300
Bharti
233.6
250
200
149.6
150
Dec
2006
93.9
85.7
Dec
2005
31.2
Dec
2004
16.3
Dec
2003
55.2
75.9
9.8
5.5
48
28.44
2.77
10.77
Dec
2002
100
50
Dec
2007
Dec
2008
March
2009
Subscriber numbers for Bharti Airtel and the Indian mobile market as a whole grew by
more than 3000 percent between December, 2002 and March, 2009. The Telecom Regulatory Authority of India includes GSM, CDMA and WLL (wireless local loop) in its
national wireless market figures, though WLL is not a statistically significant factor in
the markets recent growth.
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Sunil Mittal
cover story
A young market
The most important thing to
know about the Indian economy
is that it is young, says Sunil Mittal, the chairman of Bharti Enterprises.
FOR DECADES after Indias
THE GOVERNMENT
Mittal says this is a misperception, that only a handful of sectors such as retail, insurance,
defense and banking remain
highly regulated. Many countries
around the world still restrict
foreign involvement in these
areas, he says, and further loosening of restrictions is on the
agenda of the government.
MOST OF THE economy is open,
he says. You can just come in
and set up shop and start operating.
But Mittal says that the most
important thing to remember
about India is, again, youth.
India is a country of . billion with percent of the population under years of age,
he says. It is a continent of consumers. As the world struggles
to find growth, India is only
struggling to regain momentum.
The growth is there. M
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