New Delhi, Mar 7: Sunil Bharti Mittal, Chairman and Group CEO, Bharti Enterprises has become the first Entrepreneur from India to be inducted into the Academy of Distinguished Entrepreneurs (ADE) of Babson College, USA. Mittal has been nominated by Pearl School of Business (PSB), which is promoted by the House of Pearl as a part of its Corporate Social Responsibility initiatives. PSB has academic collaboration with Babson College, USA, the world leader in Entrepreneurial Management Education.
Since its inception in 1978, Babson College's ADE has recognized and honored entrepreneurs who have contributed significantly to the development of free enterprise throughout the world. Some of the most successful and visible entrepreneurs in the world are members of the academy.Richard Branson, Rupert Murdoch, Anita Roddick, Ben Cohen and Paul Fireman are some of the notable members.
Collectively the 87 members of the academy have capitalized on the need for change, accepted the associated risk and responsibility, and created millions of jobs and improved societies around the globe.
Mittal is the second Indian after Dr. Amar G. Bose of Bose Corporation to be inducted into "hall of fame", the Academy of Distinguished Entrepreneurs. He founded Bharti with a modest capital in 1976 at a young age of 18 and started off by manufacturing bicycle parts.
Today, Bharti is one India's leading and most respected business groups with interests in telecoms, retail, agri-business and financial services.
His successful entrepreneurial journey is an inspiration to the new generation of Indian entrepreneurs and the induction to ADE is yet another tribute to his business acumen and leadership.
Mittal, an alumnus of Harvard Business School, has been honoured with several awards.
He has been conferred with Padma Bhushan, one of highest civilian awards. He has also been conferred the degree of Doctor of Science (Honoris Causa) by the G B Pant University of Agriculture and Technology and is an Honorary Fellow of "The Institution of Electronics and Telecommunication Engineers (IETE). He was chosen as the "Asia Businessman of the Year, 2006" by Fortune magazine.
Congratulating Sunil Mittal on his induction, Deepak Seth, Chairman, House of Pearl and also Chairman, Governing Body, Pearl School of Business said, "Mittal is an innovator, pioneer in envisioning and personifies the entrepreneurial spirit. Induction to Babson's Academy of Distinguished Entrepreneurs is a way of recognizing commendable entrepreneurs who have fostered businesses with immense passion, innovative spirit and social responsibility. Pearl School of Business in association with Babson College aims to further encourage India's robust entrepreneurial culture and generate entrepreneurs who are capable of contributing to the prosperity of our economy and society at large, beyond the success of their own businesses".
Prof. I M Pandey, Chairman, Advisory Council, Pearl School of Business said, "ADE recognizes achievement of successful entrepreneurs who have made meaningful social contributions rather than merely focusing on financial performance. I feel the fundamental role of management education is to create and develop people with enlightened minds, inculcate in them managerial and leadership qualities and human values so that they are capable of creating organizations, and lead them towards making the world a better place to live in. We at PSB, feel that Management education should enable leaders to convert business organizations of today into social organizations."
Entrepreneurs from around the world are inducted each year to ADE. Babson College considers for nomination world-class entrepreneurs from diverse industries who epitomize the success of entrepreneurship, and solicits nominations from the Babson community as well as from outside institutions.
Criteria for induction are extremely difficult to fulfill. An external review panel chaired by Steve Forbes, president and chief executive officer of Forbes Inc. and editor in chief of Forbes magazine, approves all nominees. Inductees are chosen not only for outstanding business accomplishments in their fields, but also for their contributions to society.