Lakshmi mittal

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“Always think outside the box and increase the opportunities that appear, wherever they might be”

Lakshmi Nivas Mittal

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Biography - Lakshmi Nivas Mittal Indian born British steel tycoon

Born on June 15th 1950 in Rajasthan

Family moved to Kolkata from Rajasthan

His father Mohanlal Mittal set up a small steel mill in Kolkata.

Finished his bachelors degree in business and accounting Mittal began

his early career in his fathers steel firm in the early 70s

In 1976 Mittal moved to Indonesia and acquired a steel plant ISPAT INDO.

His success has largely been built on buying up loss making steel owned mills and quickly turning them around.

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His wife Usha runs the Indonesian business and his son Aditya and daughter Vanisha are members of the board of directors of Mittal steel.

CURRENTLY: Chairman and CEO of  ArcelorMittal, the world’s largest steelmaking company.

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MITTAL STEEL

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Mittal Group got into steel industry in 1976 when M L Mittal left country because of India’s restrictive economic policies. He went to Indonesia to set up ISPAT INDO.

Group started spreading its activities across the globe in 1989 when it acquired an ailing plant in Trinidad and Tobago which was revived

1994 group underwent partition of business interest in the family. All the foreign business were hived of into a separate group ISPAT International under the control of L N Mittal while Indian operations remained with his younger brothers P K Mittal and V K Mittal

History of Mittal Steel

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Acquisitions

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Current Status

World’s largest and most global steel company with shipment

of 49.2 million tones and revenue of over $28.1 billion in 2005

and net income of $3.4 billion

No. 1 high quality steel producer with crude steel capacity

with more than 70 million tons per annum

Own steel making facilities in 16 countries spanning 4

continents

Employs 224000 people spanning 49 different nationalities

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Awards

Mittal was awarded Fortune magazines “European Businessman of the Year 2004”

Previously, he was awarded “Steelmaker of the Year” in 1996 by New Steel in the USA

The “Willy Korf Steel Vision Award” in June 1998

In March 2005, Forbes named him the third richest man in the world and the richest non-American, with a wealth of $25 billion.

PADMA VIBHUSHAN 2008

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“ This is not about creating a giant ….its about creating the sustainability of the steel industry..”

-Lakshmi Niwas Mittal

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Contact Address :

Lakshmi MittalSummer PalaceThe Bishops AvenueHampstead Garden Suburb LondonN2 OAB Great BritainPhone : 0171 629 7988 Website : www.mittalsteel.com

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THANK YOU