Going for gold

first_imgSeven years ago, the fledgling Mittal Champions Trust (MCT) was presented with an opportunity to fund the training of a shooter named Abhinav Bindra. Bindra had taken part in the 10-m air rifle event the previous year at the Athens Olympic Games and come a cropper.Understandably, Manisha Malhotra, MCT’s Chief Executive Officer, was reluctant to bet on him. She also thought that shooters, many of them from affluent families, were already better funded than other athletes. However, Bindra’s teammate Gagan Narang persuaded Malhotra to change her mind and MCT began to back Bindra. Three years later, he became — literally — one in a billion by winning India’s first gold medal in an individual Olympic event in Beijing.”He is a special athlete,” says Malhotra, who played tennis for India at the Sydney Olympics in 2000. MCT, entirely funded by Lakshmi Mittal, who runs the world’s largest steelmaker ArcelorMittal, has spent about Rs 3 crore so far on Bindra, and another Rs 32 crore on a bunch of other athletes of which 13 will give Bindra company in London.READ FULL STORY HERElast_img

Leave a Reply

Your email address will not be published. Required fields are marked *