Amit Bhatia

Amit Bhatia
Born London, United Kingdom
Alma mater Cornell University
Occupation Owner Swordfish Investments, Ex-Chairman Hope Construction Materials, Vice-Chairman QPR
Awards Asian Business Young Entrepreneur of the Year

Amit Bhatia, (born London, 1979) is a British-Indian businessman. His parents are Arun and Renu Bhatia. Bhatia is fluent in Hindi, English and Spanish. In 2004 Bhatia married Vanisha Mittal, the only daughter and second child of billionaire steel tycoon and Chairman and CEO of ArcelorMittal, Lakshmi Mittal, in a ceremony said to have cost as much as £60 million.[1]

Early life

Amit Bhatia was born in London, United Kingdom. Bhatia was educated in Delhi at Columba's School until 1995, followed by Dulwich College in London, United Kingdom, in 1996, and at the British School in Delhi in 1997. Bhatia graduated from Cornell University in 2001, an Ivy League university located in Ithaca, New York, in the United States where he studied Economics & Management. He has since remained involved in alumni matters, now serving on Cornell’s External Advisory Council for Internalization. He has lectured at the University’s Johnson School for MBA students.

Career

Bhatia began his career working in mergers and acquisitions at both Morgan Stanley and Merrill Lynch in New York before moving to Credit Suisse First Boston in London. He then incubated Swordfish Investments, a Mayfair-based private equity/venture fund, and Swordfish Capital Management, an investment management company. Investments included education, media, telecoms, financial services, technology, consumer goods and real estate. One of Swordfish’s investments, Supercell was (October 2013) named the fastest growing gaming company in the world with $2.5 million sales per day. The Finnish startup raised $130m at an impressive $770m valuation in spring 2013[2] before selling a 50% stake to Softbank at a $3 billion value.[3] Bhatia has also been recognized as one of the earlier investors in Dropbox.[2] His family are also a co-owner of Air Asia India with Tony Fernandes and Ratan Tata.[4]

Bhatia was the Chairman of Hope Construction Materials [5] the UK’s largest independent supplier of concrete, cement, aggregates and asphalt. The company was launched in January 2013 after the divestment of 200 sites by two of the UK's biggest building materials companies, Tarmac Group and Lafarge. Hope’s assets include the largest cement works in the UK at Hope Valley in Derbyshire, 172 ready-mix plants, 4 rail heads, 5 major quarries, 7 national offices, a fleet of over 400 vehicles and the company employs over 900 people. The company is the UK's first construction firm to join the World Economic Forum's Global Growth Companies (GGC) community and one of just two European construction firms to show it meets membership criteria.[6]

Sports

In 2007 Bhatia bought a stake in Queens Park Rangers FC, London, an English Premier League club and has served as its Vice-Chairman since then with the exception of a brief time in [7] 2011 when Bhatia resigned from QPR's board in frustration after his bid to buy the whole club was unsuccessful,[8] he returned to the board a few months later. He has widely been credited as the driving force behind the Club’s impressive season in 2010 and the subsequent promotion to the premier league in April 2011. The journey was documented in a movie called The Four Year Plan.[9] He remains very popular with the club’s fan base.

In 2007, Bhatia initiated the Mittal Champions Trust, after being disappointed that Indian athletes did not have enough support to help them win gold at various championships, especially the Olympics.[10] The MCT sponsors Indian sportsmen with world-class potential, one of whom, Abhinav Bindra,[11] won a gold medal in air rifle shooting at the Beijing Olympics just one year later in 2008 making him the first individual gold medalist for India ever. Another MCT Athlete, Sushil Kumar, won Bronze at London 2012 Olympic games. The Mittal Champions Trust has paved the way for other such initiatives in India.

Charity

In January 2009 Bhatia was appointed to be the Chairman of QPR in the Community Trust. The trust impacts lives of thousands of children and young adults in the Greater London Area. The trust has won Best Community Project (disability) at the Coca-Cola Community Club of the Year Awards 2011 for Downs Syndrome Tiger Cubs project.

In 2010, Amit set up a grant-awarding charity, called the Global Relief Initiative. This charity facilitates the making of financial and other contributions to fellow charities, who in turn use such aid to improve the quality of life of people worldwide by relieving poverty, advancing education and promoting health. Bhatia successfully implements strong result-driven programmes and projects that are transformable, scalable and sustainable so as to accommodate as far as possible the needs of many.[12]

In 2011, Bhatia’s donation to the Cornell University Library System to support its café space in the first floor of The John M. Olin Library led the café to be renamed the "Amit Bhatia Libe Café;".[13] In October 2013 Bhatia donated a substantial contribution to Pencils of Promise. This children’s education charity has been able to build two schools, one in Ghana, the other in Guatemala as a result of this.[14]

Awards and Recognition

Bhatia received an award for ‘Community Business in Sport’ at the British Asian Sport Awards in 2011. He was crowned the Young Entrepreneur of the Year for 2013 at the Asian Business Awards recognizing and rewarding excellence in business. Subsequently he also won the award for the Outstanding Young Executive (Under 35 years) at the Global Business Excellence Awards.

In June 2014, Amit was a joint recipient of Young Director of the Year for London and the South East at the Institute of Director’s (IoD) Director of the Year awards.

In September 2014 Amit was shortlisted for Entrepreneur of the Year award at the London Loves Excellence Awards with Hope Construction Materials winning Deal of the Year. Both he and Hope were also recognised as a National Champion for the RSM Entrepreneur of the Year Award at the European Business Awards. Amit also oversaw Hope win the Mineral Products Association’s John Crabbe Award for outstanding excellence in health and safety in November 2014.

In the summer of 2014, Amit was appointed as Independent Non-Executive Director of AirAsia Berhad, the largest budget airline in Asia. Subsequently he became chairman of the investments committee for AirAsia.

He is an Ambassador of the KP24 Foundation, alongside the like of Gary Lineker and Heston Blumenthal.

Bhatia was ranked the 60th most influential Asian in the UK in 2014, climbing to 45th in 2015 according to GG2 Power List of Britain’s Most Influential Asians and has remained on this list in 2016. He has consistently been one of the youngest on the list. Bhatia’s commitment and passion towards sport, charity and business has been recognized and documented.

Amit is an active member of the Lionel Curtis Group at Chatham House, which is home to the Royal Institute of International Affairs and is a world-leading source of independent analysis, informed debate and influential ideas on how to build a prosperous and secure world for all.

He is also a Gold Leaf member and supporter of the Society of Fellows at the Aspen Institute, Colorado. Amit serves on the Cornell External Advisory Council on Internationalization.

Amit has become a member of the Young Presidents Organisation (YPO) in May 2016.

External links

References

  1. ↑ O'Connor, Clare. "Most Outrageous Billionaire Weddings". Forbes.
  2. 1 2 "The Elite Interview".
  3. ↑ Lunden, Ingrid. "SoftBank Ups Its Stake In Supercell To 73% As Sole External Shareholder". TechCrunch. Retrieved 2016-04-04.
  4. ↑ "Air Asia". The Times Of India. 20 February 2013.
  5. ↑ "Hope Construction Materials".
  6. ↑ "List of Global Growth Company Members" (PDF). Global Growth Companies. World Economic Forum. 28 April 2014. Retrieved 15 June 2014.
  7. ↑ "Tony Fernandes is chasing the impossible dream". London. Archived from the original on 22 February 2014.
  8. ↑ "QPR vice-chairman Amit Bhatia quits over board fall-out".
  9. ↑ "YouTube".
  10. ↑ "Mittal Champions Trust".
  11. ↑ "Europe and CEO".
  12. ↑ "Global Relief Initiative".
  13. ↑ "Amit Bhatia Libe Cafe".
  14. ↑ "Pencils of Promise".
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