THE

EXTRAORDIANARY
STORY OF :

LAKSHMI
NIVAS MITTAL
Lakshmi Nivas Mittal

“Always think outside the

box and increase the
opportunities that appear,
wherever they might be”
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.
MITTAL STEEL
History of Mittal Steel

Mittal Group got into steel industry in 1976 when Lakshmi

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.
Acquisitions
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
Qualities
Hard working
Outstanding vision
Convincing, Motivating and guiding
Capacity to lead
 Awards
 “European Businessman of the Year
2004”

 “Steelmaker of the Year” in 1996

 “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.
L N Mittal is a member of
 The Foreign Investment Council in Kazakhstan,
 The International Investment Council in South
Africa,
 The World Economic Forum’s International
Business Council and
 The International Iron and Steel Institute’s
Executive Committee.

L N Mittal is on the advisory board of the Kellogg

School Of Management in the US
The Leader in Mittal-
A great individual
A corporate leader in
business
Started the trend of
mergers around the
world
A caring family man
A complete human
being
THANK YOU