Sunil Mittal Charts 10-Year Succession for Bharti Group

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AuthorRiya Kapoor|Published at:
Sunil Mittal Charts 10-Year Succession for Bharti Group
Overview

Sunil Bharti Mittal has outlined a 10-year plan to transition leadership of the Bharti Group to the next generation. The announcement follows his reappointment as Bharti Airtel chairman for another five years. Mittal also indicated expectations of future buybacks and a strategic goal for Bharti Telecom's stake in its telecom arm.

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Succession Timeline

Sunil Bharti Mittal, founder of the Bharti Group, shared plans during a Q4 earnings call to transfer leadership responsibilities to the next generation within the next decade. This announcement follows closely on the heels of Bharti Airtel's board approving Mittal's reappointment as chairman for another five years, extending his term until September 30, 2031.

Mittal founded the Bharti Group in 1976. Since then, it has grown into a diversified conglomerate with operations in telecommunications, digital infrastructure, satellite communications, and financial services. Looking forward, Mittal anticipates potential buybacks in the coming years and stated a long-term goal for Bharti Telecom to maintain a 51% stake in Bharti Airtel.

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