Monday, October 22, 2007

The of late entrepreneur!


The Bharti group is barging into retail and finance...

We The Bharti group is barging into retail and finance...all are aware of the impeccable brand image that Airtel has created in the minds of Indian consumers. Bharti Group now plans to replicate the same success of Airtel with it’s new ventures, too. Bharti Group, which enjoys leadership in the telecom segment for as many years as the existence of wireless telecom segment itself, is now trying a connect with consumers through financial services (insurance). And helping Bharti in this mission is the French insurance giant AXA. The JV for the life insurance segment will invest Rs.5 billion in the next 2-3 years and will have a country wide presence through multi-channel distribution. Besides, Bharti is also strategizing for mutual funds.

Of late, Profits of Bharti doubled to $1 billion, while turnover stood at $4.45 billion, an increase of 58%the Bharti Group has entered into the retail segment too. Bharti along with Fortune 500 company – Walmart will study and evaluate the retail market in India and identify business opportunities together within the existing guidelines.

Bharti plans to shell out $2-2.5 billion by 2015 to develop 10 million square feet across all cities. With organised retailing being the next big thing, Bharti too will ring loud in this segment.

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Source :
IIPM Editorial, 2007

IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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