In 1985, with the inception of
Bharti, Sunil Bharti Mittal
(Mittal) laid the foundations of an organization that would
transform itself into India's `telecom conglomerate giant' in just over a
decade. Started as a company manufacturing push button handsets, Bharti's
aspirations seemed achievable when the government announced the
liberalization of the Indian telecom sector in 1992. Determined to make a
mark in the Indian telecom scenario, Bharti entered the cellular
bidding war. Undeterred by the large competitors, Mittal stayed focused on
exploiting the opportunity. His efforts reaped results and in 1994,
Bharti captured the license for providing cellular network service in
New Delhi (Delhi). The company made its mark in the Delhi market with
its Airtel brand. Despite this early success, the ensuing journey for
Bharti was not devoid of hurdles. Losing out on most of the subsequent
cellular bids came as a setback for the company. This initial failure
proved to be a blessing in disguise for Bharti
when its competitors were unable to translate their winning bids into
practical success stories. The company bounced back when its
competitors offered to sell their cellular
licenses to Bharti. With an expanding cellular service and a popular brand
Airtel, Bharti was fast climbing the ladder of success. However, the
company's quest for success was not limited to restricting itself to the `telecom
conglomerate' image. To fulfill its aspirations, Bharti announced its
intentions to emerge as India's `finest conglomerate by 2020'.
Powered by a youthful logo and new brand identity, is Bharti determined to achieve
yet another feat?
In 1985, with the incorporation of Bharti Telecom Ltd. (BTL), the
holding company for various telecom and telephone manufacturing
businesses, Mittal laid the foundations of the modern day Bharti Group. Despite
being the son of a Parliamentarian, Mittal was keen to plunge into
the business arena instead of pursuing a career in politics. Guided by this
interest, Mittal began his entrepreneurial journey at the age of 18, with a
borrowed capital of Rs. 20,000, which
he used to make cycle parts in Ludhiana, in 1976. In a couple of
years, Mittal realized the limited growth
potential of this business and began rethinking of new profitable ventures. |