Bharti Enterprises announces the appointment of Sarvjit Singh Dhillon as Group CFO
New Delhi, October 19, 2011: Bharti Enterprises ("Bharti"), one of India's leading business Groups, today announced the appointment of Sarvjit Singh Dhillon as Group CFO with effect from January 1, 2012. Sarvjit will take over from Manik Jhangiani, who will be completing his contractual term in January 2012 and has decided to pursue opportunities outside of Bharti. .
Sarvjit has been with Bharti for the last 14 years and has successfully held a number of senior management positions across the Group, including CFO – Bharti Airtel, and contributed immensely in corporate, operational, project and financial roles. In his new role as Group CFO, Sarvjit would work in close coordination with the Business CEOs, CFOs as well as Corporate Functional Heads across the Group. He will report to Sunil Bharti Mittal, Chairman & Group CEO, Bharti.
Commenting on his appointment, Sunil Bharti Mittal said, “I am delighted at the appointment of Sarvjit as the Group CFO. Over the years, he has contributed immensely to the growth of the Group and I am confident that his holistic business acumen and strategic thinking will continue to be of immense value. I would also like to thank Manik for his contribution to Bharti and wish him the very best in his future endeavours.”
Manik Jhangiani has been heading the finance function at Bharti Enterprises as the Group CFO since May 2009. He has played a key role in introducing various global finance practices within Bharti and successfully established and nurtured mutually productive relationships with the various JV/strategic partners as also with the financial community.
About Bharti Enterprises:
Bharti Enterprises is one of India’s leading business groups with interests in telecom, agri business, retail and manufacturing. Bharti has been a pioneering force in the telecom sector with many firsts and innovations to its credit. Bharti Airtel, a group company, is a leading global telecommunications company with operations in 19 countries across Asia and Africa. Bharti Airtel offers mobile voice & data services, fixed line, high speed broadband, IPTV, DTH, turnkey telecom solutions for enterprises and national & international long distance services to carriers. Beetel Teletech is the country’s largest manufacturer and exporter of telephone terminals. Bharti has a joint venture –FieldFresh Foods – with Del Monte Pacific Ltd, to offer fresh and processed fruits and vegetables in the domestic as well as international markets. Bharti has forayed into retail business under a company called Bharti Retail. It also has a joint venture - Bharti Wal-Mart - with Wal-Mart for wholesale cash-and-carry and back-end supply chain management operations in India.