This biography of a living person needs additional citations for verification. (April 2010) (Learn how and when to remove this template message)
|Born||1979 (age 38–39)
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|
Early and personal life
Amit Bhatia was born in London, United Kingdom to Arun and Renu Bhatia. He 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 is an alumni of Cornell University, 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.
He 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.
Bhatia began his career working in mergers and acquisitions at 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 named in October 2013 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 before selling a 50% stake to Softbank at a $3 billion value.
Bhatia was the Chairman of Hope Construction Materials, 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 over 900 employees. 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 meet membership criteria.[verification needed]
In August 2016, Bhatia sold Hope to the Breedon Aggregates, making the newly formed Breedon Group the UK's largest independent construction materials group. Bhatia remains on the board of the enlarged Breedon Group and is a substantial shareholder of the company.
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 2001, when he resigned from QPR's board in frustration after his bid to buy the whole club was unsuccessful. 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 titshe subsequent promotion to the premier league in April 2011.
- O'Connor, Clare. "Most Outrageous Billionaire Weddings". Forbes.
- "The Elite Interview".
- Lunden, Ingrid. "SoftBank Ups Its Stake In Supercell To 73% As Sole External Shareholder". TechCrunch. Retrieved 2016-04-04.
- "Air Asia". The Times Of India. 20 February 2013.
- "Hope Construction Materials".
- "List of Global Growth Company Members". Global Growth Companies. World Economic Forum. 28 April 2014. Retrieved 15 June 2014.
- "Breedon Groups".
- "Tony Fernandes is chasing the impossible dream". London. Archived from the original on 22 February 2014.
- "QPR vice-chairman Amit Bhatia quits over board fall-out".