BillionaireNet
Mittal
Rakesh Mittal
Rank #341
INDIATelecomTelecom

Rakesh Mittal

Net Worth
$9.508B
-0.82% (24h)
Rakesh Mittal is a prominent Indian billionaire with a net worth of $9.7 billion as of December 2025. His wealth stems primarily from his involvement in the Telecom industry. He is known for his strategic contributions to Bharti Enterprises, particularly through its flagship company, Bharti Airtel. His career reflects significant achievements in the telecom sector, contributing to its growth and innovation, and driving Airtel's expansion across India and internationally. Rakesh Mittal's work has helped transform the telecommunications landscape in India and other regions.

The Full Dossier

Early Life and Education

Rakesh Mittal, born in 1954, is 70 years old as of December 2025. He holds a Bachelor of Arts/Science from Punjab University.

Rise to Success

Rakesh Mittal has significantly contributed to the success of Bharti Enterprises and Bharti Airtel. He played a key role in the expansion and growth of Airtel. In 1995, Bharti Cellular Limited (BCL) was formed to offer cellular services under the brand name AirTel. Airtel expanded its network and services, becoming a leading telecom provider in India and internationally. Bharti Airtel pioneered the strategic management of outsourcing all of its business operations except marketing, sales, and finance, and building the "minutes factory" model of low cost and high volumes.

Key Business Strategies

Bharti Airtel has focused on technology infrastructure and strategic acquisitions, including the purchase of Zain's Africa assets in 2010 for $10.7 billion, expanding its presence in the African market. The company has invested heavily in network expansion, including 5G connectivity, and introduced Airtel Payments Bank in 2016. Bharti Airtel has over 490 million subscribers, making it one of the largest mobile network operators globally.

Philanthropy

Rakesh Mittal, through Bharti Airtel Foundation, supports various philanthropic initiatives, particularly in education. The Bharti Foundation was established in 2000 and has impacted the lives of over 2 million children through its education programs, focusing on quality education and holistic development.

Career Timeline

2016

Launch of Airtel Payments Bank

Bharti Airtel introduced Airtel Payments Bank, which has become a significant player in India's digital banking landscape.

2010

Acquisition of Zain's Africa Assets

Bharti Airtel acquired Zain's Africa assets, which helped the company expand its presence in the African market.

1995

Launch of Airtel

Rakesh Mittal played a key role in the launch of Bharti Airtel, which provided affordable mobile telephony services in India.

Philanthropic Impact

EducationUndisclosed

Satya Bharti Schools

The Satya Bharti School program provides education to underprivileged children in rural India.

Wealth Trajectory