India's Next Gen Business Leaders
Shravin Mittal:
Sharvin Mittal, the son of Bharati Group founder Sunil Mittal, joined the business last year as the Manager of a unit of Bharati Airtel that holds its African assets. He had joined the company at the time when Bharati spread itself globally and the domestic market saw cut-throat competition amidst the launch of 3G services.
The junior Mittal holds a degree in accounting and finance from the University of Bath in the U.K. He will also be a part of Netherlands based Bharti Airtel International with remuneration of nearly Rs 1.5 crore every year.
This year, the group has posted weak quarterly results, showing 3G launch costs and interest payouts for loans taken to buy third- generation airwaves have squeezed profits, reports Forbes India.