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June 03, 2015 11:05 AM ET

Wireless Telecommunication Services

Company Overview of Bharti Enterprises Limited

Company Overview

Bharti Enterprises Limited, through its subsidiaries, is engaged in telecom, food processing, retail, insurance, realty, and communication and media device businesses. The company provides 2G, 3G, and 4G wireless services, mobile commerce, fixed line, high speed DSL broadband, IPTV, DTH, and enterprise services (national and international long distance services) to carriers in India, as well as 2G and 3G wireless services, and mobile commerce in other countries across Asia and Africa. It also offers general insurance for retail, rural, and commercial clients; and life and health insurance, as well as wealth management services for customers in India. In addition, the company deploys, owns, a...

Bharti Crescent

1, Nelson Mandela Road

Vasant Kunj, Phase II

New Delhi,  110070

India

Founded in 1976

Phone:

91 11 4666 6100

Fax:

91 11 4166 6137

Key Executives for Bharti Enterprises Limited

Founder, Executive Chairman, Managing Director of Bharti Airtel, Group Chief Executive Officer, Chairman of Bharti Airtel and Director of Bharti Airtel
Age: 57
Managing Director of India & South Asia and Chief Executive Officer of India & South Asia
Age: 47
Chief Executive Officer of Bharti Realty Ltd
President of Telemedia Services Bharti Airtel
Age: 53
Chief Legal Officer of Africa
Compensation as of Fiscal Year 2014.

Bharti Enterprises Limited Key Developments

Bharti Enterprises Announces Change of Directors

Bharti Enterprises announced that Manoj Kohli, Managing Director of the company has resigned from the board. The company also announced that Shishir Priyadarshi has been appointed for the position as an Independent Director.

Reliance Retail And Bharti Enterprises Reportedly In Talks To Acquire India Assets Of Carrefour

Reliance Retail Limited and Bharti Enterprises Limited are understood to be in talks to buy India assets of Carrefour SA (ENXTPA:CA), that has decided to exit the country by closing its five stores, reported Business Standard citing industry sources. According to industry sources, the availability of ready-made cash and carry stores and associated infrastructure is drawing interest of Reliance Retail and Bharti. When contacted by Business Standard, Reliance Retail and Bharti Enterprises spokespersons declined to comment. Frank Kenner, Regional Director of Carrefour India, declined to comment on talks regarding selling its India assets.

Investors Reportedly Eye Carrefour's Stores

Retailing companies, especially those in the cash and carry or wholesale business, are learnt to be negotiating with Carrefour SA (ENXTPA:CA) for buying out its stores. Carrefour, say sources, is exploring the option to exit the India market, following a slowing in its business at home and the new government’s opposition to foreign investment in multi-brand retailing and has reportedly engaged KPMG for helping it sell the India assets. Retailers present in India are in talks with Carrefour to buy its assets piecemeal, rather than the whole business, sources said. Wal-Mart Stores Inc. (NYSE:WMT) is looking to expand to 50 in four or five years, is looking at Carrefour stores in locations where it has no presence. Walmart does not have any store in three of five Carrefour store locations, at Bangalore, Jaipur and Delhi. The other two Carrefour stores, at Meerut and Agra, are attractive for both METRO Cash and Carry India Private Limited and Reliance Market. According to Business Standard, neither Metro nor Reliance has any cash and carry store in Meerut or Agra. According to Business Standard, Carrefour did not reply to an emailed questionnaire on sale of its assets, sent to the company on June 2, 2014, a Walmart spokesperson declined to comment. A spokesperson at Metro, which has 16 outlets in the country, said: “Metro Cash & Carry India is neither aware of, nor has been approached with any information to suggest a transaction of any nature with Carrefour. We would, therefore, not like to comment on such speculation.”

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 15, 2014
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