Stan Bharti

Stan Bharti
Stan Bharti of Forbes & Manhattan in 2011.
Born	Punjab Region, India
Residence	Toronto, Canada
Nationality	Canadian
Alma mater	Peoples' Friendship University of Russia (M.Sc.) Imperial College, University of London (M. Eng, D.I.C)
Occupation	Chairman and Founder of Forbes & Manhattan, Inc., an international private merchant bank

Stan Bharti is a Canadian businessman. He is the founder of Forbes & Manhattan, a merchant bank with a focus on resource-based sectors.

Bharti was born and raised in the Punjab Region of India. He received a scholarship to study engineering at the Peoples' Friendship University in Moscow, Russia and then went on to do a Masters of Engineering at the University of London.

Following his education, he worked in Africa for a short period and then moved to Canada.

Bharti started his own consulting firm, BLM Inc., in 1988 to provide management and engineering services to the resource sector worldwide.

Bharti became president of William Resources, a gold public company listed in Toronto. Acquisitions led the team to projects in Australia, South America, Mexico, and Scandinavia. These included Sweden's Bjorkdal gold mine and Brazil's Jacobina gold mine. Bharti and his team built the company up from a junior gold company to one that was, by 1997, producing more than 200,000 ounces of gold annually.

In 2002, Bharti established Forbes & Manhattan, Inc. to focus on the emergence of a new bull market in the resource sector. He purchased mines from floundering companies, developed them and sold them. Since 2002, Forbes & Manhattan has developed companies almost exclusively in the mining sector.

The Toronto-based private merchant bank is an incubator for resource companies. They seek out high potential mining assets and take them from exploration and discovery to production. They have been successful with this formula for creating profits through acquiring large holdings in businesses, growing them through technical and management expertise and then selling them for significantly more than the purchase price.

Forbes & Manhattan’s most successful project so far was in May 2011 when Consolidated Thompson Iron Mines, which began as a $1M dollar exploration iron ore company with assets in Quebec at the time of Forbes & Manhattan's first involvement, was developed and sold to Cliffs Natural Resources Inc. for $4.9 billion in cash.

Another successful project was Desert Sun Mining. In 2002 Bharti acquired a controlling position in Desert Sun Mining. He developed the Jacobina Mine to near production and then four years later sold the company for $735M to Yamana Gold.

Their most recent exit was the sale of Avion Gold Corp. to Endeavour Mining. Endeavour Mining purchased Avion Gold Corp on October 18, 2012 for US$389 million.