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Sunil Bharti Mittal
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The highest paid CEOs in India

February 17, 2009

Sunil Bharti Mittal

Rank: No 6

Company: Bharti Airtel Limited

Designation: Chairman and managing director

Compensation: Rs 19.55 crore (Rs 195.5 million)

Bharti Airtel market cap: Rs 120,725.42 crore (Rs 1,207.25 billion)

About: Mittal was 18 when he founded Bharti in 1976 with Rs 20,000 he borrowed from his politician father. His first business was making crankshafts for local bicycle manufacturers. He dabbled in different business after he moved to Mumbai, including establishing the first company to manufacture push button telephones in India.

He was one of the earliest to identify the mobile telecom business as a major growth area and launched services in the city of Delhi. Bharti Airtel, which he founded in 1995 with his two brothers and in which the family maintains a dominant stake, has over 88 million subscribers.

Mittal was honoured with the Padma Bhushan in 2007. His Forbes rankings include fourth richest Indian, no 9 in the list of world's wealthiest CEOs and no 64 in the list of world's billionaires.

Image: Sunil Bharti Mittal | Photograph: Tim Chong/Reuters

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