Leading telecom conglomerate Bharti Tele-Ventures (BTVL) has been recognised as India’s best-managed company by the 2004 poll results on Best Managed Companies and Corporate Governance, announced by Asiamoney. In the individual rankings on best-managed companies in different countries, Bharti is India’s best-managed company and is joined by organisations like Toyota Motors in Japan, Samsung Electronics in Korea, PetroChina in China and many other leading corporates of Asia, informed an official communiqué.
Asiamoney is one of Asia’s finance journals and it conducts these polls as an annual exercise to adjudge the Best Managed Company and the Best Company in Corporate Governance in Asia. This year’s polls had representations from 192 mega funds, hedge funds and brokerages in Asia and they recognised Bharti’s efforts in emerging as one of the top telecom companies in the world.
According to Sunil Bharti Mittal, Chairman and Group Managing Director, Bharti Enterprises, “This honour is an endorsement of the quality of the management team at Bharti. It is heartening to note that Bharti’s efforts in building an institution is being recognised across the world.”
The telecom giant has an aggregate of 9.84 million customers as of end of October 2004, consisting of over 9.06 million mobile customers. The company today offers mobile services in 19 out of 23 circles in India. Asiamoney, on the other hand, is a well-known finance monthly providing in-depth coverage of the financial and investment markets in the Asia Pacific countries.