Bharti Airtel, the largest operator in the country, has reappointed Gopal Vittal as Managing Director and CEO of its India and South Asia operations for another 5 years. Vittal currently holds the same position and his renewed service would start from February 1, 2018.
Bharti Airtel announced this during the company’s AGM yesterday, on 24 July.
Vittal joined Airtel as its CEO and MD in March 2013. He has been instrumental in taking Airtel out from the stormy financial situations the company was prior to that period.
When Vittal took over, Airtel already had witnessed net loss for eight straight quarters or exactly two years, and the company was sitting on a debt of over $2 billion. This, can never be a sign of a healthy company.
However, after Gopal’s joining the firm at its helm, the company, through various remedial measures, came back to make profits, that too consistently.
The company is going to announce its 2nd quarter results today, on 25 July, and we will apprise you of it at the due time.
He was previously with Bharti Enterprises where he was the Group Director, Special Projects (April 2012- Feb 2013). In this capacity, he worked towards formulating and supporting Airtel’s international strategy and data expansion.
Prior to this Gopal Vittal was with Hindustan Unilever where he headed the $3.5 billion Home and Personal Care division.
As Director, Marketing at Bharti Airtel from 2006 to 2008, he made significant contributions towards driving revenue growth, market leadership and building Airtel as an iconic brand.
Gopal Vittal is an alumnus of Madras Christian College and has completed his MBA at IIM, Kolkata.