CEOs to Watch Out For In 2013


 

4. Sunil Mittal

2012 didn’t prove to be lucky enough for those who took their business for an Initial Public Offering. While Mark Zuckerberg failed to gather “likes” for his IPO, Sunil Mittal was hauled into the pool of problems after he took Bharti Infratel, their telecom tower arm for an IPO. Shares of Bharti Infratel, which rose over 4,118 crore in the biggest IPO in two years, plunged over 13 per cent in its stock market debut on December 28.

 BIL was further charged of hindering the radiation norms. The petition, filed by Niraj Kumar, Delhi Police Commissioner alleged that Sebi's approval to BIL; the largest tower-infrastructure provider in the country, for cell-towers would lead to serious health hazards if the radiation norms were not strictly adhered to.

More: Best Stocks to Buy in 2013

5. Kumar Mangalam Birla

While most of them were in news due to some major financial and business trouble, few people also made to the list because of their wise business decisions and progress. Kumar Mangalam Birla, Chairman of Aditya Birla Group one of corporate India's most victorious fourth-generation industrialists.

Few big acquisitions were done by Kumar in the year 2012 like he bought Pantaloon Retail worth 1,600 crore from Kishore Biyani. Kumar is also planning to buy Gujarat cement units worth 4, 390 crore and last but not the least he got hold of Canadian pulp mill Terrace Bay for 600 crore. Birla further plans to buy assets abroad including cement and mining.

Also Read: Business Events Which Made Headlines In 2012