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‘A significant number of cars damaged during last week’s rains may not be covered for natural disasters such as flooding’
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Sunil Bharti Mittal is CII's new president
NEW DELHI — Sunil Bharti Mittal, who transformed the Bharti group from a small cycle parts maker to India's largest private telecom provider, was yesterday elected president of the Confederation of Indian Industry (CII) for 2007-08. He formally succeeds Ashok Leyland Chief Executive R. Seshasayee today.
The industry lobby, which held its annual meeting here yesterday, also announced that K.V. Kamath, the managing director of India's biggest financial services company by market capitalisation ICICI Bank, would be its new vice president.
Mittal founded the Bharti group when he was all of 18, after graduating from the Panjab University. His enterprise ranks among India's top 10 yesterday with a market capitalisation of over $35 billion and employs over 30,000 people.
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