Mumbai: Sunil Bharti Mittal, chairman and CEO of Bharti Enterprises, has been elected president of the Confederation of Indian Industry (CII). K.V.Kamath, managing director and CEO of ICICI Bank, will be the vice-president.
Mittal, who succeeds R Seshasayee as president of the apex industry association, will assume office on May 26, a CII release said.
Bharti Enterprises that Mittal founded is today India's leading telecommunications conglomerate with a nationwide presence and leadership position in mobile communications (country's largest mobile service operator), fixed-line services, domestic and international long distance services and broadband services.
A graduate from Punjab University, Mittal heads a successful enterprise with a market capitalisation of over $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 Minister's Council on Trade and Industry.
He was the co-chairman of the World Economic Forum (WEF) in 2007 and currently 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 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.
Kamath, who started his career in 1971 at ICICI, moved to the Asian Development Bank in 1988 and spent several years in South-East Asia before returning to ICICI as its CEO in 1996.
He helped transform the ICICI group into a diversified, technology-driven financial services group that includes India's leading retail credit provider as well the leading private sector insurance and asset management companies.
Kamath has a degree in mechanical engineering and a master's degree in business administration from the Indian Institute of Management, Ahmedabad. The Banaras Hindu University has conferred a doctorate degree on Kamath.
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.