.gif)
Sunil Mittal, founder and chairman of Bharti Enterprises. He has surpassed steel tycoon Lakshmi Mittal. Net worth due to a 70% rally in shares of Bharti Airtel over the last year. This surge has taken Sunil Mittal’s net worth to $19.7 billion, placing him among the top ten wealthiest people in the country.
- $3.8 Billion Increase: The fortune of Sunil Mittal and his family has surged by $3.8 billion since January 2024.
- $1 Billion Loss: Lakshmi Mittal has witnessed an erosion of nearly $1 billion in his wealth during the same period.
- Majority of Fortune: The majority of Sunil Mittal’s fortune is derived from his 28% stake in Bharti Airtel.
- ArcelorMittal Shares: In contrast, the stock of ArcelorMittal has come off 11.4% in the last year.
- Market Capitalization: Bharti Airtel has a market capitalization of $91.84 billion, including partly paid-up shares.
- Bharti Hexacom: The newly listed mobile services provider Bharti Hexacom had a valuation of close to $6 billion as of Friday’s close.
| Billionaire | Net Worth ($ bn) |
| Mukesh Ambani | 112.6 |
| Gautam Adani | 97.5 |
| Shapoor Pallonji Mistry | 37.2 |
| Shiv Nadar | 34.2 |
| Savitri Jindal | 31.0 |
| Azim Premji | 25.3 |
| Dilip Shanghvi | 24.9 |
| Radhakishan Damani | 21.9 |
| Cyrus Poonawalla | 20.2 |
| Sunil Mittal | 19.7 |
Analysts at Jefferies expect Bharti Hexacom to deliver 16% and 21% annualised growth in revenue. Earnings before interest taxes and depreciation (EBITDA) over FY24-27. The brokerage initiated coverage with a “Buy” rating on the stock. Observing, “It offers a way to invest in those parts of Bharti Airtel’s business that are growing faster.”
Airtel Shares
Shares of Bharti Airtel surged to a new high of ₹1296.50 on the NSE in Friday’s trade.
Sunil Mittal
Sunil Mittal is a renowned Indian businessman and philanthropist, known for his significant contributions to the telecom industry. He is the founder and chairman of Bharti Enterprises, which has a diverse portfolio of businesses in various sectors, including telecommunications, financial services, and real estate. He has been instrumental in shaping the Indian telecom sector and has received numerous awards and recognitions for his contributions to business and society.
