January 29, 2015 3:20 AM ET

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Company Overview of Bharti Enterprises Limited

Company Overview

Bharti Enterprises Limited, through its subsidiaries, provides telecom services, financial services, retail, fresh and processed foods, and real estate in India and internationally. It offers integrated telecommunications, such as 2G, 3G and 4G, fixed line, high speed broadband through DSL, IPTV, DTH, and national and international long distance services to carriers. The company deploys, owns, and manages telecom towers and communication structures for various mobile operators; and develops commercial real estate in central business district areas of metropolitan cities, retail real estate in up-market localities of metropolitan cities, and residential real estate in the Delhi NCR region, Mu...

Bharti Crescent

1, Nelson Mandela Road

Vasant Kunj, Phase II

New Delhi,  110070


Founded in 1976


91 11 4666 6100


91 11 4166 6137

Key Executives for Bharti Enterprises Limited

Managing Director and Director
Age: 55
Vice Chairman and Managing Director
Age: 59
Vice Chairman and Managing Director
Age: 54
Executive Chairman
Age: 57
Managing Director of India & South Asia and Chief Executive Officer of India & South Asia
Age: 47
Compensation as of Fiscal Year 2014.

Bharti Enterprises Limited Key Developments

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.”

Carrefour Reportedly Hires KPMG To Sell Indian Assets

Carrefour SA (ENXTPA:CA) has hired KPMG to facilitate sale of its assets in India. Carrefour has been sounding out potential buyers for its India assets in recent weeks and has hawked its business to various local retailers, a person with direct knowledge of the situation said. According to Economic Times, KPMG declined to comment and Frank Kenner, Regional Director and a spokesperson for Carrefour India, too declined to comment while an e-mailed questionnaire sent to the corporate communications department in Carrefour did not elicit any response, The person quoted earlier said, Carrefour is pulling out of the country not because of cacophony of anti-foreign investments in multibrand retailing from the BJP-led government, but due to lack of support and will from its headquarters that considers India as a bad option. According to another person, Jean Phillipe Garraux, Development Director for Carrefour India and the person responsible for its store development, is leaving the country as the pullout process is on. The process of pulling out of India started after the company's last-ditch effort to forge an alliance or sell its operations to Bharti Enterprises Limited failed amid differences over its valuations and the structure of the deal. Bharti asked for the moon, said a person aware of the negotiations. Bharti was in talks to acquire about 74% or the entire stake in Carrefour WC&C India. People quoted above said Carrefour India assets comprise mainly of five Carrefour-branded wholesale stores, merchandises and a skeletal supply chain and back-end infrastructure. Therefore, whatever selloff happens it will be in piecemeal manner with different companies buying stores in different cities, the person said.

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