Sunil Bharti Mittal, Chairman and Group CEO of Bharti Enterprises has been elected as President of Confederation of Indian Industry (CII). K.V.Kamath, Managing Director and CEO of ICICI Bank has been elected as the vice-president of the premier industry chamber.
A CII news release said that Mittal will assume office as the new President of the apex industry association on Friday. He succeeds Mr R Seshasayee as the new CII President.
Bharti Enterprises, Indiaâ€™s leading telecommunications conglomerate has been a pioneering force in sector and today enjoys a strong nationwide presence and leadership position in mobile communications (Indiaâ€™s largest mobile service operator), fixed-line services, domestic and international long distance services and broadband services. Mittal founded Bharti after graduating from Punjab University. Today, he heads a successful enterprise with a market capitalization of over US$ 35 billion employing over 30,000 people.
Mittal was the Vice President of the CII during 2006-07 and is a member of the Prime Ministerâ€™s Council on Trade and Industry. He was the Co-Chairman of the World Economic Forum (WEF) in 2007 and serves on several boards including the the International Advisory Board of the Center for the Advanced Study of India (CASI), University of Pennsylvania, Global GSM Association, Indo-British Partnership (IBP), Singapore-India Partnership Foundation and the Boards of Governors of the Indian Institute of Management, Lucknow, and the Indian Institute of Technology, Mumbai.
K.V. Kamath is the Managing Director and Chief Executive Officer of ICICI Bank Limited, India’s largest private bank by market capitalisation and the second largest bank by assets.
He started his career in 1971 at ICICI. In 1988, he moved to the Asian Development Bank and spent several years in South-East Asia before returning to ICICI as its CEO in 1996. Over the next few years, the ICICI Group transformed itself into a diversified, technology-driven financial services group that includes Indiaâ€™s leading retail credit provider as well the leading private sector insurance and asset management companies. Kamath has been conferred with a doctorate by the Banaras Hindu University.
He is a member of the National Council of the CII, the Board of Directors of Visa International (Asia-Pacific) and the governing boards of several leading educational institutions. Mr Kamath has a degree in mechanical engineering and a masterâ€™s degree in business administration from the Indian Institute of Management, Ahmedabad.