Financial Daily from THE HINDU group of publications
Thursday, Nov 04, 2004
Financial Daily from THE HINDU group of publications Thursday, Nov 04, 2004 |
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Corporate
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Management Info-Tech - Telecommunications Sunil Mittal to `step back' at Bharti Our Bureau
Mr Sunil Mittal
Mumbai , Nov. 3 THE Chairman and Group Managing Director of Bharti Enterprises, Mr Sunil Mittal, has said that Bharti will increasingly be managed by professionals, with the current senior management moving on to look at new businesses. Speaking at the Oracle Open World Summit here, Mr Mittal said the new business areas for Bharti will be agri-business, business arising from airport-privatisation and overseas telecom activities. Agri-business holds even more promise for the group than telecom, he said. The group has already bid for one of the airport privatisation projects in the country as part of a consortium. The company already has over 22,000 customers in Seychelles and is looking at operations in some other countries as well, he said. He also would take a step back two years from now, and in less than two years' time, the corporate's outfits will all be professionally managed, he said. Mr Mittal said he was spending considerable time grooming a second generation of leadership in the organisation and setting an institutional mechanism in place.
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