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<ul><li>There was a time when Mittal was almost the undisputed king of the market. </li><li>But he lost nearly a billion dollars a year after Jio launched. His net worth fell from $6.6 billion in 2015 to $5.7 billion in 2016. </li><li>Mittal and Mukesh Ambani are in the news for their fierce rivalry over supremacy in the <keyword id="6354776" type="COMPANY" weightage="20" keywordseo="Telecom">telecom</keyword> market. </li></ul>There is an old saying — first they ignore you, then they laugh at you, then they fight you, then they lose. Something similar happened to Sunil Mittal, founder of Bharti Airtel who became an entrepreneur at the age of 18 with a bicycle parts manufacturer. There was a time when Sunil Mittal fell short of ₹5,000 in the 1980s but this roadblock didn’t stop him from creating India’s largest conglomerate. He received more than $350 million in dividends in FY19, according to Bloomberg. Mittal and Mukesh Ambani are in the news for their fierce rivalry over supremacy in the telecom market. But, there was a time when Mittal was almost the undisputed king of the market. Sunil Mittal lost nearly a billion dollar the year after Jio launched. His net worth fell from $6.6 billion in 2015 to $5.7 billion in 2016. Surprisingly, he lost over 1.2 billion dollars between 2018 and 2019 primarily. Here’s the rise and fall of Sunil Mittal: 
	
	<div type="Slideshow" msid="71717691" hostid="261" title="Sunil Mittal lost a billion dollars ahead of Ambani's Jio launch — and as much after that" firstImageMsid="71717805" slideCount="5"></div>

Sunil Mittal lost a billion dollars ahead of Ambani's Jio launch — and as much after that

In 2020, there were only four Indians in the global top 100 rich list, now there are seven

He heads the $5 billion <a href="http://www.businessinsider.in/searchresult.cms?query=Bharti+Group&amp;sortorder=effectivedate">Bharti Group</a> whose flagship company <a href="http://www.businessinsider.in/searchresult.cms?query=Bharti+Airtel&amp;sortorder=effectivedate">Bharti Airtel</a>, is India’s largest telco. Forbes estimates his net worth at around $11 billion. 
 
However, it all started with him borrowing just $1,500 from his father to set up a bicycle parts business in Ludhiana, Punjab. 
 
Enter <a href="http://www.businessinsider.in/searchresult.cms?query=Sunil+Bharti+Mittal&amp;sortorder=effectivedate">Sunil Bharti Mittal</a>, one of Asia’s most prominent self-made billionaires. He was one of the first Indian entrepreneurs to identify the <a href="http://www.businessinsider.in/searchresult.cms?query=mobile+telecom&amp;sortorder=effectivedate">mobile telecom</a> business as a major growth area. 
 
He launched telecom services in Delhi way back in 1995. That’s when <a href="http://www.businessinsider.in/searchresult.cms?query=Bharti+Cellular+Limited&amp;sortorder=effectivedate">Bharti Cellular Limited</a> (BCL) was formed under the brand name AirTel. Within a few years, Mittal’s company became the first telecom company to cross the 2-million <a href="http://www.businessinsider.in/searchresult.cms?query=mobile+subscribers&amp;sortorder=effectivedate">mobile subscribers</a> mark. The rest is history. 
 Here are some <keyword id="34454" type="ORGANIZATION" weightage="80" keywordseo="leadership">leadership</keyword> lessons from the person who revolutionized India’s <a href="http://www.businessinsider.in/searchresult.cms?query=mobile+telecom&amp;sortorder=effectivedate">mobile telecom</a> market: 
 
<a href="https://upload.wikimedia.org/wikipedia/commons/archive/a/af/20130130173648!Sunil_Bharti_Mittal_World_Economic_Forum_2013.jpg">Image Source</a>

Leadership lessons from Bharti Enterprises Founder-Chairman
Sunil Bharti Mittal

<ul><li><keyword id="111343" type="General" weightage="20" keywordseo="Gautam-Adani" source="Orion">Gautam Adani</keyword> is ranked 4th in the world with a total net worth of $125 billion.</li><li>Adani is followed by Mukesh Ambani at number 10 with a net worth of $83.6 billion.</li><li>The next rank from India is number 45 for <keyword id="6419840" type="General" weightage="20" keywordseo="Azim-Premji" source="Orion">Azim Premji</keyword> of Wipro with a net worth of $ 24.6 billion.</li></ul> The double As - Gautam Adani and Mukesh Ambani - dominate the India rich list with the gap between them the rest of India Inc being a very large one. There was a time when <keyword id="232460" type="General" weightage="20" keywordseo="Tata-and-Birla" source="Orion">Tata and Birla</keyword> were synonyms for India's rich. Every region had its own wealthy like the Shrirams, Thapars, Nandas, and Modis in the north or the Bangurs in the east or the Mafatlals, Walchands, Kirloskars, Khataus, Sarabhais and Lalbhais in the west and the M.A. Chidambaram group in the south. Over time, many groups have floundered and fallen on bad times. There are many defining moments in this journey which saw a debilitating impact on family industrial groups. The year 1964 was a turning point because this was when the Monopolies and Restrictive Trade Practices Commission was established. By that year, the MRTP Commission had finished collecting and sifting information on Indian big business and hence reliable data was available. The next interesting inflection point came in 1991, when the P.V. Narasimha Rao administration introduced the New Economic Policy. This is where it all changed - India's most radical policy document in the form of the New Industrial Policy - the Licence Permit Raj was scrapped on 24 July 1991. Democratic socialism had been consigned to the rubbish heap of history - Licence Raj, which was in place for four decades, came to an end with the new industrial policy announced by Finance Minister Manmohan Singh and Prime Minister P.V. Narsimha Rao, who also held the portfolio of Industries Minister. The New Industrial Policy proposed getting rid of Monopolies and Restrictive Trade Practices and abolishing industrial licensing for all but 18 industries. Foreign equity holdings were proposed to be raised by 51 per cent in a project. Indian industry was free of controls and bureaucracy like never before. Over the last 30 years, India Inc had been turned on its head. As per the Bloomberg Billionaires Index now, Gautam Adani is ranked 4th in the world with a total net worth of $125 billion. Adani is followed by Mukesh Ambani at number 10 with a net worth of $83.6 billion. However, after Adani and Ambani the gap widens by a large extent and is then taken up by the software czars. The next rank from India is number 45 for Azim Premji of Wipro with a net worth of $ 24.6 billion. Shiv Nadar of HCL Technologies is at number 51 on the index with a net worth of $22.8 billion. The representation from India is then only at number 101 with Dilip Shanghvi with a net worth of $14.9 billion followed by Cyrus Poonawalla at 102 with $14.8 billion. Lakhsmi Mittal is at 103 with a net worth of $14.7 billion. Uday Kotak is ranked 106 with a net worth of $13.7 billion. Savitri Jindal is ranked at 119 on the Bloomberg Billionaires Index with a net worth of $12.9 billion. Sunil Mittal is ranked at 134 with a net worth of $12.2 billion. Kumar Birla is at 159 with a net worth of $10.8 billion. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/over-2-49-crore-unaccounted-cash-seized-in-hyderabad/articleshow/94750636.cms">Over ₹2.49 crore unaccounted cash seized in Hyderabad</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/telecom/news/telecom-sector-to-ring-in-stability-in-q2-jio-and-airtel-expected-to-grow-stronger-vi-weaker/articleshow/94709309.cms">Telecom sector to ring in stability in Q2 – Jio and Airtel expected to grow stronger, Vi weaker</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/this-giant-swing-in-manali-runs-on-ai/articleshow/94741834.cms">This giant swing in Manali runs on AI</a>

Gautam Adani and Mukesh Ambani - dominate the India rich list with the gap between them the rest of India Inc being a very large one

ealth does not remain static especially during the fluctuating industry scenario today. India has produced several billionaires who occupy a significant number of slots on the list of wealthiest persons in the world today. Here is the list of the top 10 richest persons in India as per their latest real time Forbes data on 11 October 2021. 1. Mukesh Ambani - $102 billion The wealthiest person in India, Mukesh Ambani of Reliance Industries occupies the Tenth slot in the world’s richest persons’ list. Mukesh Ambani has a net worth of $102 billion. Much of Mukesh’s wealth ensues from the petrochemicals and oil and gas businesses built by his father Dhirubhai Ambani ⁠— a business icon in his own right— but Mukesh is pivoting to more consumer-facing businesses like telecom and retail. Reliance Jio is one of the largest telecom networks in India today and has <a href="https://www.businessinsider.in/business/news/mukesh-ambani-owned-reliance-jio-compared-to-alibaba-and-tencent/articleshow/77059624.cms">already raised over $20 billion in recent months</a> and the next leg of fundraising <a href="https://www.businessinsider.in/business/news/mukesh-ambani-next-goal-seems-to-be-the-retail-king-of-india/articleshow/76953716.cms">will be for retail</a>. 2. Gautam Adani - $71.7 billion Gautam Adani’s net worth as per the latest forbes records is $71.7 billion. He is the Second <keyword id="7413735" type="General" weightage="20" keywordseo="richest-person-in-india" source="Orion">richest person in India</keyword> and ranks 15 on the list of the world’s richest. Apart from Mundra Port, the largest in India, his wealth-generating portfolios include a range of commodities, power generation including renewable energy (like solar farms), and transmission to name a few. 3. Shiv Nadar - $31.5 billion With his $31.5 billion estimated net worth, Shiv Nadar ranks as the third richest person in India. HCL Technologies founded by him is a (₹) 274826 crore (market value) company and one of the largest software services exporters in the world today. With its presence in over 45 countries on the globe, HCL Technologies makes Shiv Nadar claim the 41th slot in the list of world’s richest persons. 4. Radhakishan Damani &amp; Family - $ 22.1 billion Radhakishan Damani’s net worth of $22.1 billion, which makes him the fourth richest person in India today. He occupies the 101 position in the global rich list. Radhakishan Damani is a veteran Mumbai stock market investor who founded <a href="https://www.businessinsider.in/business/news/radhakishan-damani-has-a-string-of-challenges-ahead-of-him-and-falling-profits-at-dmart-dont-help/articleshow/76936913.cms">the supermarket chain DMart </a>which went public in 2017, and eventually went on to be the world’s most-valued retail chain for its unique model that makes the holding company Avenue Supermarts more profitable than many of its peers. 5. Savitri Jindal &amp; Family - $18.6 billion Standing at the 106th position in the world and the richest woman in India is Savitri Jindal, the 70-year-old chair of a multibillion dollar conglomerate, who's worth $18.6 billion. India's women billionaires also include the heads of pharmaceutical, software, and consumer goods companies. 6. Cyrus Poonawalla - $18.2 billion Ranked as the 6th wealthiest person in India, Cyrus Poonawalla has a net worth of $18.2 billion. He founded the Serum Institute of India in 1966 and it is today the largest producer of vaccines for measles, influenza and polio. At present, the company is also co-developing two vaccines for COVID-19 and has a <a href="https://www.businessinsider.in/science/health/news/adar-poomawala-says-oxfords-covid-vaccine-is-expected-to-hit-the-indian-market-in-the-first-quarter-of-2021/articleshow/77107541.cms">significant lead over other similar researches that are underway</a>. In the world’s wealthiest persons list he ranks in the 110th position. 7. Lakshmi Mittal - $ 17.6 billion The Chairman and CEO of ArcelorMittal, Sunil Mittal has a net worth of $17.6 billion and ranks as the Seventh richest person in India. His wealth status positions him in the 115 place on the world’s richest persons list. He is known for turning sick steel producing companies into profitable ventures across the world. He most recently bagged the bankrupt Essar Steel in India, which was owned by the Ruia family. 8. Kumar Birla - $16.1 billion Standing at the 131th position in the world’s richest persons’ list, Kumar Birla has a net worth of $16.1 billion, which makes him the Eighth wealthiest person in India. The head of Aditya Birla Group which he inherits for the fourth generation in row, his group is concerned with producing cement and aluminum alongside retail, telecom and financial services. 9. Uday Kotak - $16.1 billion The founder of Kotak Mahindra Bank, Uday Kotak, occupies the fifth position on the list of India’s richest. With a net worth of $16.1 billion, Kotak takes 132nd place on the world’s richest persons’ list. 10. Dilip Shanghvi - $14.4 billion The tenth richest person in India is Dilip Shanghvi whose latest net worth is $14.4 billion. The founder of Sun Pharma, Dilip Shanghvi has turned his firm into the largest player in the manufacturing of specialty generic drugs. He has also invested in energy and oil ventures. On the world’s richest persons’ list, he ranks in the 146th position. See Also - <a href="https://www.businessinsider.in/business/news/top-10-richest-people-in-the-world/articleshow/74415117.cms">Top 10 richest people in the world</a> <a href="https://www.businessinsider.in/top-10-largest-economies-in-the-world/articleshow/70547252.cms">Top 10 largest economies in the world</a> <a href="https://www.businessinsider.in/finance/news/list-of-top-20-richest-people-in-the-world/articleshow/74475220.cms">Top 20 richest people in the world</a>

Meet the top 10 richest person in India

Telecom giant Bharti <keyword id="15491" type="COMPANY" weightage="100" keywordseo="Airtel">Airtel</keyword> will invest $1 billion a year in <keyword id="12925" type="ENTERTAINMENT" weightage="60" keywordseo="Africa">Africa</keyword> over the next few years. 
 "Airtel will invest $1 billion in Africa per annum over the next few years," Bharti Enterprises founder and chairman <keyword id="6442632" type="PERSON" weightage="100" keywordseo="Sunil-Bharti-Mittal">Sunil Bharti Mittal</keyword> stated on the sidelines of the World Economic Forum. 
 
Airtel operates in 17 African countries and provides 3G services in 14 of them. 
 
Mittal also said that the company would focus more on existing operations instead of expanding to new markets. 
 Airtel had ventured into the African market in 2010 after acquiring <keyword id="79798" type="COMPANY" weightage="80" keywordseo="Zain-Telecom">Zain Telecom</keyword> for about $10.7 billion. It had made capital expenditure of $635 million in FY2013-14. Airtel’s total investment amounted to $14,388 million in the continent at the end of 2013-14. 
 
Airtel Africa saw 2% growth in revenues for the last of quarter of 2013-14. It registered a net loss of $124 million, compared to a net loss of $91 million in the corresponding quarter of 2012-13. 
 
For Airtel, the average revenue per user in the African continent saw a decline of 7% to $5.5. 
 
However, the number of data customers in Africa during the last quarter of 2013-14 increased 53.5% to 22.3 million, which is now 32.1% of the total customer base.

Bharti Airtel To Invest $1 Billion Every
Year In African Markets

Business scenario is constantly changing all over the world and equally fast in India. If you are interested to know who rules the entrepreneurial domain in India, here are the top 10 businessmen in India. 1. <keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword> 
 
 
 <div type="image" title="Mumbai: Reliance Industries Chairman Mukesh Ambani with his wife Nita Ambani at ..." msid="69547985" hostid="261" caption="&amp;lt;p&amp;gt;Reliance Industries Chairman Mukesh Ambani with his wife Nita Ambani at the solo art exhibition titled &amp;quot;A Tale Untold&amp;quot;, in Mumbai on Tuesday, August 21, 2018.Photo)&amp;lt;/p&amp;gt;"></div>






 Ruling the petrochemicals, oil and gas sector in India, Mukesh Ambani has a net worth of $47.3 B. He is the chairman of $90 B enterprise in the giant of Oil and Gas domain called as Reliance Industries. Reliance also is one of the leaders in the telecom market in India that serves more than 300 million customers with free domestic calls, cheap data services and free smartphones. 2. <keyword id="6419840" type="PERSON" weightage="20" keywordseo="Azim-Premji">Azim Premji</keyword> 
 
 
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 Azim Premji’s net worth is $21 B and he is one of the leaders in the software services in India. He is a popular tech magnet in the country. His outsourcing firm Wipro is the third largest in India. His innovation center in Silicon Valley develops new technologies and collaborates with startup businesses. 3. Lakshmi Mittal 
 
 
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 The third richest man in India, Lakshmi Mittal has a net worth of $18.3 B. He is a leader in the steel industry in India. He is the CEO of the world’s biggest steel manufacturing company Arcelor Mittal. In November 2018, his firm completed the $2.1 billion acquisition of Ilva, Italy’s steel group. 4. Hinduja brothers 
 
 
 <div type="image" title="_5e022836-dd42-11e8-b6b1-54a396001ae0" msid="69548186" hostid="261" caption="&amp;lt;p&amp;gt;Reuters&amp;lt;/p&amp;gt;"></div>







 Hinduja brothers, the fourth richest persons in India with a net worth of $18 B own establishments with diversified interests dealing with lubricants, banking and cabling industries. 5. <keyword id="6689214" type="PERSON" weightage="20" keywordseo="pallonji-mistry">Pallonji Mistry</keyword> 
 
 
 <div type="image" title="app-mistry" msid="69548215" hostid="261" caption="&amp;lt;p&amp;gt;Independence.uk&amp;lt;/p&amp;gt;"></div>







 Pallonji Mistry is the fifth richest businessman in India with a net worth of $15.7 B. he controls Shapoorji Pallonji Group, the construction company based in Mumbai. His family also own an 18.4% stake in Tata Sons that holds an outfit of $100 billion in Tata Group. 6. Shiv Nadar 
 
 
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 With a net worth of $14.6 B, Shiv Nadar is the sixth richest entrepreneur in India. A pioneer in the IT sector of India, Shiv Nadar is the cofounder of the HCL starting initially with the production of calculators and microprocessors. Today, HCL Technologies is an $8.2 billion company in the country. 7. <keyword id="2349569" type="PERSON" weightage="20" keywordseo="Godrej-family">Godrej family</keyword> 
 
 
 <div type="image" title="Godrej-family-770x433" msid="69548285" hostid="261" caption="&amp;lt;p&amp;gt;Reuters&amp;lt;/p&amp;gt;"></div>







 The seventh place among the richest businessmen in India goes to Godrej family. With a net worth of $14 B, the Godrej family controls the <keyword id="133008" type="COMPANY" weightage="20" keywordseo="Godrej-group">Godrej Group</keyword> which is a giant player in the consumer goods segment in India. 8. Dilip Shanghvi 
 
 
 <div type="image" title="dilip-shanghvi_660_012815022205_022015015012" msid="69548312" hostid="261" caption="&amp;lt;p&amp;gt;&amp;lt;sup&amp;gt;Reuters&amp;lt;/sup&amp;gt;&amp;lt;/p&amp;gt;"></div>







 The net worth of Dilip Shanghvi is $12.6 B. A leading player in the pharmaceuticals industry, Dilip Shanghvi chairs the India’s largest pharmaceutical establishment and the world’s fourth largest specialty drugs manufacturing company Sun Pharmaceutical Industries. 9. Kumar Birla 
 
 
 <div type="image" title="download (2)" msid="69548329" hostid="261" caption="&amp;lt;p&amp;gt;Reuters&amp;lt;/p&amp;gt;"></div>







 Kumar Birla with a net worth of $12.5 B is the head of Aditya Birla Group dealing with diversified offerings namely cement, aluminium, telecom and financial services. In 2018, his firm Idea Cellular acquired Vodafone India, India’s largest telecom firm. 10. Gautam Adani 
 
 
 <div type="image" title="file6v90xlirczp4v4hn7p5-1543839739" msid="69548350" hostid="261" caption="&amp;lt;p&amp;gt;Reuters&amp;lt;/p&amp;gt;"></div>







 With a net worth of $11.9 B, Gautam Adani is the tenth richest businessman in India. Dealing with commodities, power generation and transmission and infrastructure, Gautam Adani is a ports Tycoon who controls Mundra Port, the largest port of India in Gujarat. 
 See also: <a href="https://www.businessinsider.in/the-top-10-richest-person-in-india/articleshow/68352802.cms">Meet the top 10 richest people in India</a> <a href="https://www.businessinsider.in/These-are-the-10-richest-people-in-India/articleshow/65957318.cms">These are the 10 richest people in India</a>

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