Business NEWS
Sunil Bharti Mittal no telecom: Bharti to rely less on telecom!
By Amarendra Bhushan for CEOWORLD Magazine Updated:November 4, 2008
Get CEOWORLD Magazine digital monthly version. special- Top Capital Cities for a business Traveler, # Interview with Minister of Tourism of Greece. 1 Issues Subscription= $1 Only, 10 Issues Subscription= $5 Only. Grab your copy now!!!!
Bharti Enterprises has not just got itself a new logo but armed itself with a new vision. It is a vision that will enable it to earn its bread not just from telecom, but retail and financial services too..
Bharti Enterprises, India’s leading business group, today unveiled a new strategic vision and brand identity aimed at building Bharti into India’s finest conglomerate by 2020. The new brand identity reflects Bharti’s strategic intent to create a conglomerate of the future by bringing about “Big Transformations through Brave Actions.”
Unveiling the new brand identity Mr. Sunil Bharti Mittal, Chairman and Group CEO, Bharti Enterprises said, “At Bharti, we have always believed in undertaking transformational projects that have a positive impact on the society and contribute to the nation building process. We have demonstrated this philosophy by leading India’s telecom success story, with entrepreneurial spirit, innovation, and strong partnerships being the pillars of our growth. Having diversified into new businesses in agriculture, financial services and retail business with world-class partners, we have laid the foundation for building a conglomerate of future which will achieve USD 10 billion in revenues by 2010.”
“As Bharti enters its next phase of growth, we have a new vision to make Bharti, India’s finest conglomerate by 2020. Bharti’s brand essence of “Big Transformations. Brave Actions.” will define all our actions and drive forward this vision. Our new brand identity and brand logo reflect this philosophy.” added Mr. Mittal.
Having established a world-class telecom business in Bharti Airtel, the group aims to build transformational business in the areas of retail, financial services and agriculture, which are future growth engines of India’s economy. Through the retail business, the group will enable millions of customers save money and live a better life. It will also benefit farmers, small manufacturers and small artisans across the country through sourcing of products. With the financial services bouquet of life insurance, general insurance and asset management, the group strives to contribute to the process of financial inclusion in the country. The agri and food processing business of Bharti will contribute towards the transformation of the agricultural sector and rural economy to a global food basket.
The Bharti brand gets a facelift with fresh and youthful brand logo which reflects a multi-dimensional character that seeks out new avenues to grow. The colour Indigo blue signifies Depth and Orange stands for Youthful Passion and Energy. The Arrowheads stand for Movement that Extends over Boundaries and symbolises Swiftness, Precision and Accuracy.
The core values of Bharti’s refreshed brand are:
Empowering People – to do their best
Being Flexible – to adapt to the changing environment and evolving customer needs
Making it Happen – by striving to change the status quo, innovate and energize new ideas with a strong passion and entrepreneurial spirit,
Openness and transparency – with an innate desire to do good
Creating Positive Impact – with a desire to create a meaningful difference in society.
Bharti Foundation’s education initiative is one of the steps that Bharti is undertaking to create a meaningful difference in rural India. Bharti Foundation has set up Satya Bharti Schools that impart free education to underprivileged children. Bharti Foundation already runs around 159 schools in various parts of the country, educating over 18,000 disadvantaged children. By 2010, the Bharti Foundation aims to establish 500 primary and 50 senior secondary schools under the Satya Bharti School Program enrolling over 200,000 students.
To promote world-class higher education and research in India, Bharti Foundation has established Bharti School of Telecommunication Technology and Management at IIT Delhi with a vision to prepare telecom leaders of tomorrow and Bharti Centre for Communication at IIT, Mumbai with an objective to promote research in the area of communications. Bharti is also setting up the Bharti Institute of Public Policy in the upcoming Indian School of Business campus in Mohali.
Bharti has also joined hands with the All India Football Federation (AIFF) to create a comprehensive programme for the development & globalisation of Indian football. This programme is aimed at delivering the vision of taking India to the FIFA World Cup while building a powerful sporting & football culture in India. As a part of this initiative, Bharti will establish and govern a world-class football academy, which will be called the ‘Bharti-AIFF Academy’.
About Bharti Enterprises
Bharti Enterprises is one of India’s leading business groups with interests in telecom, agri business, financial services and retail. Bharti has been a pioneering force in the telecom sector with many firsts and innovations to its credit. Bharti Airtel Limited, a group company, is one of India’s leading private sector providers of telecommunications services with over 80 million customers as of end of October 2008, spanning Mobile services, Telemedia services and Enterprise services. Bharti Airtel Limited has been voted as India’s most innovative company, in a survey conducted by The Wall Street Journal. Bharti Teletech is the country’s largest manufacturer and exporter of telephone terminals. Bharti has a joint venture – Bharti Del Monte India Private Limited (formerly FieldFresh Foods) – with Del Monte Foods India Pvt. Ltd., to offer fresh and processed fruits and vegetables in the domestic as well as international markets. Bharti has joint ventures with AXA, world leader in financial protection and wealth management, for Life Insurance, General Insurance and Asset Management. Bharti has retail business under a company called Bharti Retail Pvt. Ltd. It also has a joint venture – Bharti Wal-Mart Private Ltd. – with Wal-Mart for wholesale cash-and-carry and back-end supply chain management operations in India.
In another news Mark Meehan to replace Tim Thomas as Bharati AXA’s COO
Bharati AXA Life Insurance Company today announced that Mark Meehan will replace Tim Thomas as its Chief Operating Officer.
In a release, the company said that Meehan was working as the CEO and Director of Tynan Mackenzie, a professional investment services group under AXA Australia.
“Mark will join the core management team, managing IT and operations. His specific responsibilities will include service delivery, underwriting, project management and branch infrastructure,” the release added.
CEOWORLD HIGHLIGHTS:
India's Bharti Airtel (BRTI.BO) and South African MTN Group (MTNJ.J) are not looking at a dual-l ...
Indian mobile company Bharti Airtel, which has restarted merger talks said, it had renewed merge ...
Wireless Industry Veteran to Lead Product Expansion and Revenue Growth at Industry's Leading Inn ...
India Economic Summit New Delhi, India 16-18 November 2008 Securing India's Future Growth ...
In 1992, Mr. Diwakar Nigam started Newgen with the vision of “One World, One Workplace”. The vis ...
Like this article! |
|
|
|
|
(No Ratings Yet)
Loading ...171,147 views
View Comments
Submit News & Press Release for Free!
Sunil Bharti Mittal no telecom: Bharti to rely less on telecom! on Wed, 5th Nov 2008 7:16 am
[...] the rest of this great post here [...]
sunil rai isbr bangalore on Thu, 20th Nov 2008 11:22 am
it is good news that bharti expanding its business in retail finance and agriculture. It will be beneficial to thousands of small farmer and
also will be a great opportunity to young talent to make their career with bharti
i would like to thanks to respactable Sunil mittal sir to expanding their business towards retail and agriculture