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Airtel Sunil Bharti Mittal on a Chairman, Airtel Strong Wicket with Price War Over and a Digital Portfolio in Place, Airtel Is Keen to Play on the Front Foot Again

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Airtel Sunil Bharti Mittal on a Chairman, Airtel Strong Wicket with Price War Over and a Digital Portfolio in Place, Airtel Is Keen to Play on the Front Foot Again RNI No.35850/80; Reg. No. MCS-123/2018-20; Published on: Every alternate Monday; Posted at Patrika Channel Sorting office, Mumbai-400001 on every alternate Wednesday-Thursday R100 n SEMICONDUCTORS n CP COMMUNITIES n GR INFRAPROJECTS April 19 to May 2, 2021 n KPIT Airtel Sunil Bharti Mittal On a Chairman, Airtel strong wicket With price war over and a digital portfolio in place, Airtel is keen to play on the front foot again... BUSINESS INDIA u THE MAGAZINE OF THE CORPORATE WORLD From the Publisher Publisher Ashok H. Advani Executive Editors Lancelot Joseph, Daksesh Parikh, Sarosh Bana, Deputy Editors Shonali Shivdasani (Mumbai), Sajal Bose (Kolkata) Consulting Editors Dr. Shashank Shah, Sunil Damania (Mumbai), Sekhar Seshan (Pune) Assistant Editors Arbind Gupta, Ryan Rodrigues, Kayus Wadia (Mumbai), Yeshi Seli (Delhi) Sunil Mittal and Airtel is a story of grit and resilience. Principal Correspondent Krishna Kumar C.N. (Mumbai) Photo Editor Palashranjan Bhaumick Many of our readers will recall that Sunil Mittal was Business India’s Photographers Prakash Jadhav, Sanjay Borade Businessman of the Year, as far back as 2002. As Sunil has often said, this Design Trilokesh Mukherjee Art Director Mukesh Pandya was the first major recognition by a national magazine. Many awards and Graphics Prajakta Sawant accolades followed as Airtel became the largest player in India. Cartoonist Panju Ganguli Manager – Design Cell Mathew Thomas Sunil, who won the Delhi licence, was one among the first 8 licensees, Production Team Balachandran, Kisan Kumbhar, Najeeb Fatehi, Sudhir Khaladkar, Vasant Dhasade with 2 licences being granted for the four major metros in November 1994. Interestingly he is the only one amongst the original licensees to have Sr. Vice President – Advertising Sales Mira Lawrence (Mumbai) Asst. Vice President – Advertising Sales B. Anand (Hyderabad) survived to date (though Vodafone’s licence dates back to the same time, General Managers – Advertising Sales Deepak S. Ahire, Shahnoor but under different ownership then). Starting from virtually scratch, with Mistry, Naresh Purohit, Pankaj Bhasin (Delhi) Sumati Rekhi (Chennai), a small business background and roping in the GSM experience (a licence Salman Khalil (Lucknow) precondition) of a tiny player from Mauritius, Sunil saw off competition from Asst. General Manager – Advertising Sales Support Bridget Mascarenhas Asst. General Manager Advertising Sales Aasif Iqubal (Delhi) several major business houses including Tatas, Birla and RP Goenka, public Branch Manager P.L. Baluja (Kolkata) sector BSNL and Reliance, then under undivided Mukesh and Anil Ambani. Sr. Manager-Sales & Distribution S.S. Kannan (Chennai) 28353964 Several of them had tie ups with major foreign companies. Sunil himself, in Editorial & Administration Office: Nirmal, 14th floor, Nariman Point, good time, roped in Singapore giant, Singtel, but keeping majority control Mumbai 400021. Tel: 22852943 Fax: 22883940 with the Mittal family. Email: [email protected] Marketing and Advertising: Nirmal, 14th floor, Nariman Point, Having built the largest and most successful telecom company, remaining Mumbai 400021. Tel: 22883938-46 Fax: 22883940 Email: [email protected]. on top was not easy. At the peak he acquired Africa’s second largest telecom Circulation/ Subscription: Mittal Chambers, Office No.94, 9th Floor, group, Zain, at a price many felt was overpaying. And several analysts felt that Above Yes Bank, Nariman Point, Mumbai 400021. Tel: 22820619/22820348 it could seriously damage the group. But more recently having turned the E-mail: [email protected] group around and successfully listing it in London, the price was vindicated Bangalore: 27 Wellington Street, Richmond Town, Bangalore 560 025, and the cash flows have been of enormous help. Tel: 080-22102444, Telefax: 080-22102446 Kolkata: Krishna Villa, 100 Park Street, Kolkata 700017. Tel: 22893359 Telefax: 22878455 And then came the epic battle with a newly invigorated Mukesh Ambani who Delhi: 268 Masjid Moth, Uday Park, New Delhi 110049, decided to storm the telecom market and build Jio into the largest telecom Tel: 011-41643052 / 41643050 / 41640109 / 41086415 company almost at any cost and taking no prisoners on the way. Many other Hyderabad: Pent House II, Usha Deluxe Apartments, Motilal Nehru Nagar, telecom players fell by the wayside, including Tatas, and also RCom, run Begumpet, Hyderabad 500016 Telefax: 040-66490099 by brother Anil. Kumar Mangalam Birla’s enormously successful Idea was Chennai: Prasad Chambers, III Floor, virtually forced into a marriage with Vodafone. And speculation was rife as to Flat No. 14, Door No. 97A, Peters Road, Gopalapuram ,Chennai 600 086. Tel: 044 28351703 / 28353964 / 28353394 when Sunil would fold his hand, or sell out to Singtel, with its deep pockets to Kochi: DRA-6, Mahila Samajam Nursery Road, Chaliakkavattom, match Mukesh Ambani’s. Dhanya Junction, Vennala P.O. Kochi 682028. M: 9846091797 Lucknow: Sunshine House, 9/11 (M.N.H.S), Sector 9, Vikas Nagar, Apart from the stiff competition, the Supreme Court ruling on AGR almost Lucknow-226022 Tel : 0522-6565222/ M: 09415180290. two years ago, was a death blow to several companies. Sadly, the Government Registered Office: Nirmal, 14th Floor, Nariman Point, Mumbai 400 021. did not intervene, by using, if necessary, its retrospective legislative powers, to Tel: 22883938/47 Fax: 22883940 correct what was a wrong judgement in the eyes of many senior jurists. Annual Subscription Rates India R2,210 Students (India only) R1,300 for 1 year on submission of But after fighting doggedly for almost three years, Airtel is a healthy current year’s ID card. and strong competitor to Jio. Though smaller on some counts than Jio, Overseas (One year only) Airmail to Pakistan R9,400 or US$142. (particularly on subscriber volume), it stands shoulder to shoulder, Airtel is To all other countries R13,200 or US$240 clearly a long-term competitor to Jio. Speculation is rife about Vodafone Idea Rates include airmail charges. (compounded by the AGR ruling). Of course, whether the telecom sector Please add R20 for cheques not drawn on a Mumbai bank. should have only two players is another issue, for another time. In this time’s Cheques to be drawn in favour of “Business India Publications Ltd”. cover story, Ritwik Sinha looks at the Airtel of today. There are many major Unsolicited manuscripts will not be returned. challenges ahead for the whole sector, including the coming 5G wave. India Distribution India Book House Ltd cannot afford to be left behind. Newsstand R100 This issue consists of total 68 pages including cover It is clear that Airtel is as strong as ever. It has emerged as a major global player in telecom. And Sunil Mittal and Airtel show the best there is in Indian business. WE ARE ON www.businessindiagroup.com u 3 u APRIL 19-MAY 2, 2021 Contents BUSINESS INDIA u THE MAGAZINE OF THE CORPORATE WORLD • No. 1098 COVER FEATURE 20 On a strong wicket With price war over and a digital portfolio in place, Airtel is keen to play on the front foot again RNI No.35850/80; Reg. No. MCS-123/2018-20; Published on: Every alternate Monday; Posted at Patrika Channel Sorting office, Mumbai-400001 on every alternate Wednesday-Thursday R100 n SEMICONDUCTORS n CP COMMUNITIES n GR INFRAPROJECTS April 19 to May 2, 2021 n KPIT Airtel Sunil Bharti Mittal On a Chairman, Airtel strong wicket With price war over and a digital portfolio in place, Airtel is keen to play on the front foot again... u CORPORATE REPORTS u RUPA & CO 42 COLUMBIA PACIFIC COMMUNITIES 34 Hosiery major Rupa firms up position in the market Columbia Pacific Communities is all geared up to explore India’s senior living space GR INFRAPROJECTS 45 KPIT 38 A software company signals return to the growth GR Infraprojects comes out as an EPC company with road, chalking up impressive results on the home quality, speed and sincerity stretch of 2020-21 u 4 u APRIL 19-MAY 2, 2021 No. 1098 • BUSINESS INDIA u THE MAGAZINE OF THE CORPORATE WORLD Contents u SPECIAL REPORT u u u IN THIS ISSUE The hunt for semiconductors 28 Books 60 India now understands that being dependent on global supply chains for something as Business Notes 12 critical as chips is not wise Businessmen in the News 10 Columns 16,27,33 Corporate Reports 34 Cover Feature 18 CSR 53 Editorials 6 Entertainment 57 u Technology 50 u CSR 53 u Hospitality 56 From the Publisher 3 Guest Columns 41,49 Hospitality 56 Fractal Analytics positions LT Foods’ sustainability Signum Hotels announces Interview 66 itself strongly in the fast- initiatives help conserve major investments growing AI space millions of litres of water Listening Post 9 u Entertainment 57 u Marketing 52 u Talking To 54 J.D. Majethia relaunches ‘Wagle ki duniya’ in a Marketing 52 new avatar Panju’s Page 17 u Portfolio Talk 58 People 64 Portfolio Talk 58 Murari Lal Jalan, lead member, Jalan Kalrock Consortium (JKC), the new Selections 63 Whisky brand Glenmorangie owners of Jet Airways, speaks Amitabh Verma, partner, approaches Indian consumers about how they are optimistic Fission Wealth Services Special Report 28 via a new campaign of getting an NCLT clearance says, committed client base during the course of this without any attrition is the month key contributor for growth Talking To 54 u Covid-19 cases Editorials 6 Technology 50 • Can India maintain the momentum in exports • Companies come out to sponsor vaccinations in the new fiscal, which has just begun? for their employees • People think they are safe so long as they u Issue No. 1098 for the fortnight April 19-May 2, 2021. are not hit, but no one can really ensure they Interview 66 Released on April 19, 2021 are safe The real estate sector is • The need for capital buffers favours banks passing through one of its Printed and published by Ashok H.
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