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Dhruv Shah
Dhruv Shah

Lakshmi Nivas Mittal is an Indian-British businessman who founded and runs ArcelorMittal, the world's largest steelmaking company. He was born in 1950 in Rajasthan, India and moved with his family to Kolkata where his father opened a small steel mill. After graduating college, Mittal began his career in his father's steel business and later moved to Indonesia in 1976 to acquire a steel plant. Since then, he has built his success by acquiring struggling steel mills and improving their performance. Today, ArcelorMittal has operations in over 16 countries with over 70 million tons of annual steel production capacity, making Mittal the richest man in Europe and third richest in the world.

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Subject Entrepreneur Presented By Dhruv Shah
Entrepreneur
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.
His wife Usha runs the Indonesian business and his son Aditya and daughter Vanisha are members of the board of directors of Mittal steel.
MITTAL STEEL
History of Mittal Steel Mittal Group got into steel industry in 1976 when M L Mittal left country because of Indias 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
Current Status Worlds 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
Qualities and Distinctiveness Hard working Outstanding vision Convincing, Motivating and guiding Zeal and fierceness Capacity to lead Bravery
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.
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  • 3. 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.
  • 4. 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.
  • 5. His wife Usha runs the Indonesian business and his son Aditya and daughter Vanisha are members of the board of directors of Mittal steel.
  • 7. History of Mittal Steel Mittal Group got into steel industry in 1976 when M L Mittal left country because of Indias 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
  • 8. 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
  • 9. Current Status Worlds 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
  • 10. Qualities and Distinctiveness Hard working Outstanding vision Convincing, Motivating and guiding Zeal and fierceness Capacity to lead Bravery
  • 11. 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.