Saurabh Mittal

2021-07-19T13:06:21Z

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{{short description|Indian businessman}}
{{Use dmy dates|date=January 2021}}{{Infobox person
| name = Saurabh Mittal
| image = Saurabhmittal.jpg
| birth_date = {{Birth year and age|1973}}
| birth_place = [[India]]
| nationality = [[India]]
| education = [[Harvard Business School]]
| alma_mater = [[Indian Institute of Technology]]
| occupation = Founder and Chairman of Mission Holdings
Chairman of Incedo Inc.
Vice Chairman of [[ONE Championship]]
}}

'''Saurabh Mittal''' (born 1973) is a Singapore-based Indian businessman, entrepreneur, investor, and philanthropist.<ref>{{Cite web|url=https://www.ibtimes.sg/indiabulls-co-founder-emerges-among-richest-singaporeans-13159|title=Indiabulls co-founder emerges among richest Singaporeans|date=28 July 2017|website=International Business Times, Singapore Edition|language=en|access-date=4 March 2020}}</ref><ref>{{Cite web|url=https://www.straitstimes.com/business/spores-50-richest-people-became-11-richer-in-total|title=Singapore's 50 richest became 11% richer in past year: Forbes|last=hermes|date=28 July 2017|website=The Straits Times|language=en|access-date=4 March 2020}}</ref> He is the Founder and Chairman of Mission Holdings,<ref name=":1">{{Cite web|url=http://www.missionholdings.com/|title=Mission Holdings is an investment firm led by entrepreneur Mr. Saurabh Mittal|website=www.missionholdings.com|access-date=4 March 2020}}</ref> a private investment holding company.

== Education ==

Mittal attended the [[Indian Institute of Technology Delhi|Indian Institute of Technology]] in Delhi for a [[Bachelor of Science|BS]] in [[Electrical engineering]], where he was the Best Graduating Student.<ref>{{Cite web|url=http://www.iitd.ac.in/content/distinguished-alumni-awards-2017-3|title=Distinguished Alumni Awards 2017 {{!}} Indian Institute of Technology Delhi|website=www.iitd.ac.in|access-date=19 March 2020}}</ref> Mittal also holds an [[MBA]] from [[Harvard Business School]] and graduated as a [[Baker Scholar]].<ref name=":0">{{Cite web|url=https://www.forbes.com/profile/saurabh-mittal/|title=Saurabh Mittal|website=Forbes|language=en|access-date=19 March 2020}}</ref>

== Career ==

In 1999, Mittal co-founded [[Indiabulls]],<ref name=":0" /> a financial services and real estate conglomerate in India, with his undergraduate classmates from the Indian Institute of Technology.<ref>{{Cite web|url=https://www.yosuccess.com/success-stories/sameer-gehlaut-indiabulls/|title=Sameer Gehlaut|date=1 December 2015|website=Yo! Success|language=en|access-date=19 March 2020}}</ref> He served as [[Vice-Chairman|Vice chairman]] of its board of directors until he stepped down in 2014.<ref>{{Cite news|last=Kalesh|first=Baiju|url=https://economictimes.indiatimes.com/industry/banking/finance/indiabulls-partners-sameer-gehlaut-saurabh-mittal-and-rajiv-rattan-to-divide-operations/articleshow/38103495.cms|title=Indiabulls partners Sameer Gehlaut, Saurabh Mittal and Rajiv Rattan to divide operations|date=10 July 2014|work=The Economic Times|access-date=19 March 2020|last2=Babar|first2=Kailash}}</ref>

He later joined [[Farallon Capital]] as an investment associate in 2001 before he became a full partner at Noonday Capital, an affiliate of Farallon, in 2005.<ref>{{Cite web|url=https://www.sportspromedia.com/movers-and-shakers/one-championship-saurabh-mittal|title=ONE Championship appoints Saurabh Mittal as vice chairman|website=www.sportspromedia.com|language=en|access-date=19 March 2020}}</ref> Mittal left both Farallon and Noonday in 2011.{{citation needed|date=March 2020}}

While studying for his MBA at [[Harvard Business School]], Mittal befriended [[Chatri Sityodtong]], and the pair later established martial arts promotion ONE Championship in 2011.<ref>{{Cite web|url=https://www.straitstimes.com/business/from-duelling-classmates-to-business-partners|title=From duelling classmates to business partners|last=hermes|date=6 November 2017|website=The Straits Times|language=en|access-date=4 March 2020}}</ref><ref>{{Cite web|url=https://www.businesstimes.com.sg/magazines/wealth-december-2017/kicking-off-a-storm|title=Kicking off a storm|last=Cua|first=Genevieve|date=5 December 2017|website=The Business Times|language=en|access-date=4 March 2020}}</ref> Mittal was appointed Vice Chairman of the company in 2018.<ref>{{Cite web|url=https://www.onefc.com/press-releases/saurabh-mittal-joins-one-championship-as-vice-chairman/|title=Saurabh Mittal Joins ONE Championship As Vice Chairman {{!}} ONE Championship – Press Releases|date=13 March 2018|website=ONE Championship – The Home Of Martial Arts|language=en-US|access-date=4 March 2020}}</ref><ref>{{Cite web|url=https://www.onefc.com/senior-leadership/|title=Senior Leadership|website=ONE Championship – The Home Of Martial Arts|language=en-US|access-date=4 March 2020}}</ref>

In 2011, Mittal founded Incedo Inc.<ref>{{Cite web|url=https://www.incedoinc.com/leader/saurabh-mittal/|title=Saurabh Mittal|website=Incedo – Tech Solutions, Consulting, Data, Analytics, Digital Transformation|language=en-US|access-date=4 March 2020}}</ref> with operating partners to focus on data and [[analytics]] in the US.<ref>{{Cite web|url=https://www.incedoinc.com/leader/saurabh-mittal/|title=Saurabh Mittal|website=Incedo – Tech Solutions, Consulting, Data, Analytics, Digital Transformation|language=en-US|access-date=19 March 2020}}</ref> In 2017, [[Nitin Seth]] took over from Mittal as Chief Executive Officer of Incedo,<ref>{{Cite news|last=Peermohamed|first=Alnoor|url=https://www.business-standard.com/article/companies/former-flipkart-executive-nitin-seth-joins-incedo-as-ceo-117102300724_1.html|title=Former Flipkart executive Nitin Seth joins Incedo as CEO|date=23 October 2017|work=Business Standard India|access-date=9 March 2020}}</ref><ref>{{Cite news|url=https://economictimes.indiatimes.com/small-biz/hr-leadership/leadership/flipkarts-nitin-seth-joins-tech-services-company-incedo-as-ceo/articleshow/61195064.cms|title=Flipkart's Nitin Seth joins tech services company Incedo as CEO|date=24 October 2017|work=The Economic Times|access-date=9 March 2020}}</ref> while Mittal remained as chairman.

In 2014, Mittal set up Mission Holdings,<ref name=":1" /><ref>{{Cite web|url=https://sg.asiatatler.com/people/saurabh-mittal|title=Saurabh Mittal|last=Singapore|first=Tatler|date=16 October 2017|website=Tatler Singapore|language=en-SG|access-date=19 March 2020}}</ref> a private investment holding company with a focus on financial services,<ref>{{Cite web|url=https://www.fintechfutures.com/2019/11/goldman-sachs-leads-50m-series-c-funding-round-for-credit-card-platform-deserve/|title=Goldman Sachs leads $50m Series C funding round for credit card platform Deserve|last=November 2019|first=7th|website=FinTech Futures|language=en-GB|access-date=19 March 2020}}</ref> media, real estate, and technology, and he is its chairman and sole shareholder.

In 2019, Mittal was ranked as the 44th richest person in Singapore with a net worth of $700 million.<ref>https://www.forbes.com/profile/saurabh-mittal/#38cd0d386791</ref>

== Board memberships ==

* Chairman, Mission Holdings
* Chairman, Incedo Inc.
* Vice chairman, [[ONE Championship]]
* Deserve, INC.

== Philanthropy ==

Mittal has served on Harvard Business School's Advisory Board, is a Founder and Trustee of Plaksha University,<ref>{{Cite web|url=https://plaksha.org/aboutus|title=Plaksha University|website=plaksha.org|language=en-us|access-date=19 March 2020}}</ref> and is a Founder and Board Member of the IIT Delhi Endowment Fund.<ref>{{Cite web|url=http://www.iitd.ac.in/content/president-india-launches-endowment-fund-iit-delhi|title=President of India launches Endowment Fund of IIT Delhi {{!}} Indian Institute of Technology Delhi|website=www.iitd.ac.in|access-date=19 March 2020}}</ref> He is also member of the governing body of Parivaar, a charitable organization focused on the care and development of highly-vulnerable children,<ref>{{Cite web|url=https://parivaar.org/about/governing-bodyboard-of-directors/|title=Governing Body {{!}} Parivaar|language=en-US|access-date=4 March 2020}}</ref> and a member of the Founder's Circle of Avasara Academy, a school dedicated to developing young Indian women.<ref>{{Cite web|url=http://avasara.in/govAndAdv|title=Founder's Circle|website=avasara.in|access-date=9 March 2020}}</ref> In 2020, Mittal donated RS. 10 Crore towards building the Mittal Sports Centre at IIT Delhi.<ref>{{Cite web|url=http://www.iitd.ac.in/content/mr-saurabh-mittal-iit-delhi-alumnus-donates-rs-10-crore-sports-complex?page=3|title=Mr. Saurabh Mittal, IIT Delhi Alumnus, donates Rs. 10 Crore for Sports Complex {{!}} Indian Institute of Technology Delhi|website=www.iitd.ac.in|access-date=9 March 2020}}</ref>

== Personal life ==
Mittal has three children.<ref>https://sg.asiatatler.com/society/saurabh-mittal-and-chatri-sityodtong</ref>

== Honors ==
Distinguished Alumnus Award 2017, [[Indian Institute of Technology Delhi|Indian Institute of Technology, Delhi]]<ref>{{Cite web|url=http://www.iitd.ac.in/content/48th-convocation-iit-delhi-3|title=48th Convocation at IIT Delhi {{!}} Indian Institute of Technology Delhi|website=www.iitd.ac.in|access-date=9 March 2020}}</ref><ref>{{Cite web|url=https://www.prnewswire.com/in/news-releases/iit-delhi-honors-saurabh-mittal-chairman-of-incedo-and-mission-holdings-with-the-2017-distinguished-alumnus-award-656031493.html|title=I.I.T Delhi Honors Saurabh Mittal, Chairman of Incedo and Mission Holdings, With the 2017 Distinguished Alumnus Award|last=Limited|first=Incedo Technology Solutions|website=www.prnewswire.com|language=en|access-date=4 March 2020}}</ref>

== See also ==
* [[Chatri Sityodtong]]
* [[ONE Championship]]

== References ==
{{Reflist}}

{{DEFAULTSORT:Mittal, Saurabh}}
[[Category:Living people]]
[[Category:Indian expatriates in Singapore]]
[[Category:IIT Delhi alumni]]
[[Category:Harvard Business School alumni]]
[[Category:1973 births]]

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