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When Airtel Chairman Don't Even Have Rs 5000?

By:  Tupaki Desk   |   16 Dec 2017 1:38 PM GMT
When Airtel Chairman Dont Even Have Rs 5000?
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Sunil Mittal, CEO of Bharti Airtel, might be a big name in the field of Tele Communications and one of the richest Indians Today but once he don't even have Rs 5,000.

In the 80s, Sunil Mittal was in a deep financial crisis. He ran out of money and approached his uncle Brijmohan Lall Munjal seeking a cheque for Rs 5,000. Then, Mr.Munjal signed the cheque for the required amount. While he was leaving, The Elderly Man stopped him to say, 'Beta, Aadat Mat Dalna' (Son, Don't Make It A Habit). Sunil Mittal took that advice to his heart and made sure he never faced such a situation again in his life.

Sunil Mittal was the first dealer of Portable Generators of Japan's Suzuki and it helped him establish him as a successful businessman. He knew nothing about Telecommunications then. After the shut down of Generator business, Mittal travelled abroad in search of opportunities. He came across push-button phones in Taiwan and begun selling them in India.

Over the years, Sunil Mittal built an empire despite facing many challenges. Airtel stood on top until Reliance Jio created a revolution. What solution does Mittal have to overcome this biggest challenge?