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19

Bharti Tele-Ventures

When EM Warburg Pincus went to invest in India the summer of 2001, it zeroed in on Bharti Televentures, a mobile telecom services company with fewer than 800,000 customers. The N.Y buyout firm, which invested $300 million in the Delhi enterprise, chose well. Today, Bharti has 11.4 million cell-phone subscribers, its stock has grown fivefold since listing early in 2002, and its valuation is $10 billion. Warburg has made more than $1 billion on the deal and still owns 5.8%. Chairman and Managing Director Sunil Mittal aims to maintain Bharti's 25% share of the Indian cellular market, which is forecast to reach 180 million customers in 2008.

Company Info

STOCK INFO NA
Revenues* $1.8 BILLION
Revenue Growth 60.6%
Return on Equity 21.3%
Total Return68.8%
Profits* $320.8 MILLION
Industry COMMUNICATIONS EQUIPMENT
CORPORATE WEB SITE
All figures are for the most recent available 12 months.

* Latest available data for the 12-month period ended Dec. 31, Jan. 31, Feb. 29, Mar. 31, or Apr. 30. For companies that do not report quarterly, the most recent annual data were used.


Data provided by Standard & Poor's Compustat, BusinessWeek

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Company Snapshot

Bharti Tele-Ventures Limited, through its subsidiaries, provides telecommunications services in India. The company offers mobile, fixed line, national, and international long distance services, very small aperture terminal-based voice and data transmission services, Internet services, and network solutions. Bharti offers Internet and various Internet-related services, including dedicated leased line, virtual private networks, Web hosting and server collocation, and Internet mailing services to both residential and corporate customers. The company provides broadband connectivity for various end uses, including data, information technology-enabled services, and other high bandwidth services. It offered its services to approximately 11.05 million customers, including approximately 10.24 million mobile and 815,000 fixed line customers, as of January 31, 2004. Bharti Tele-Ventures was founded in 1995 and is based in New Delhi, India.

No. of Employees

NA


Data provided by Capital IQ
Sunil Bharti Mittal

Sunil Bharti Mittal

Bio

Sunil Bharti Mittal, is the Chairman and Group Managing Director of Bharti Tele-Ventures. He is a graduate of Punjab University and has completed the "Owner/President Management Programme" from Harvard Business School in 1999. In 1986, he partnered with Siemens to produce telephone equipments. When the telecommunications sector was opened for private sector participation, Mr. Mittal took advantage of the opportunity and acquired two cellular licenses and one fixed-line license. In January 2001, Mr. Mittal was selected as one of the top global entrepreneurs of the year 2000 by Business Week.