Lakshmi Nivas Mittal

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

Why Lakshmi Nivas Mittal ?

Biography - Lakshmi Nivas Mittal

Indian born British steel tycoon Born on June 15th 1950 in Rajasthan

Family moved to Kolkata from Rajasthan

His father Mohan lal 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

Acquisitions

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 of the Year in 1996 by New Steel in the USA June 1998

Previously, he was awarded Steelmaker

The Willy Korf Steel Vision Award in

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 Forums International Business Council and The International Iron and Steel Institutes Executive Committee.

L N Mittal is on the advisory board of the Kellogg

School Of Management in the US

CORPORATE SOCIAL RESPONSIBILITY

Mittal Steel believes that businesses should play a major role in supporting the communities in which they operate.

Operations by Mittal Steel in the responsibility kind of support to:

sense of

social

Kazakhstan

South Africa
USA Algeria India

Education

Mittal Steel South Africa has donated over $177mn to community development projects Companys latest project to sponsor South Africa national science Olympiads Mittal Steel sponsorship is valued at $1.5mn

Health and Safety

Robust set of safety standards to reduce accidents. Mittal Steel operates an E-Room. Safe business is a good business.

Sports

Sponsorship & support to football , basketball & other sports.

Sporting beneficiaries are Czech Republic, Romania & Algeria.

Sporting link with west Indies

Community

Main provider of electricity. Urban development project in Karaganda Mittal Steel acquired Termiratau in 1995. Constructed modern facilities for the Karaganda Metallurgical institute. In Algeria Company gave $100,000 aid. $242,000 Corporate contribution in 2005. Management & Employees equally moved by devastation when hurricane Katrina inflicted. This raised more then $500,000 for red cross.

 The steel industry has always been fragmented. The steel industry

needs to be consolidated,'' Mittal said in a television interview on CNN.

Steelmakers across Asia are putting defensive measures in place to prevent being swallowed by Arcelor

Mittal. Mittal is combining with Luxembourg-based Arcelor SA in a $38.3 billion transaction to create a company pouring a 10th of the world's steel. China,'' Mittal said July 7 in Bhubaneswar, India. ``India is a very important milestone for us to remain the biggest company in the global steel industry.''

``We are focusing on India and

LEADERSHIP STYLE
A transactional leader: Mittal is a transactional leader who guides and motivates his followers in the direction of established goals by clarifying role and task requirements.

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

 This is not about creating a giant .its about creating the sustainability of the steel industry.. -Lakshmi Niwas Mittal

 Contact Address :

Lakshmi Mittal Summer Palace The Bishops Avenue Hampstead Garden Suburb London N2 OAB Great Britain Phone : 0171 629 7988 Website : www.mittalsteel.com