Lakshmi Mittal

“STEEL KING”
By
ALOK PATIL 122
TEJASWINI PATIL 125
JATIN PAWAR 126
PRATIK PETKAR 129
SHWETA PURKAIT 137
 PRABHJYOT SAINI 141
RIYA SALVI 143
ROHIT SAWANT 146
MRADULLA SOLANKI 166
JASVINDER SINGH 168
SAI PARESH WALAWALKAR 179
 Flow of Presentation
 Biography and Family Background
 Business idea and start-up
 Business strategies and policies
 Awards and achievements
 Present status
 Message of his life
Biography and Family Background
 Indian born British steel tycoon.
 Born on June 15th 1950 in Rajasthan, Sadulpur
village.
 Family moved to Kolkata from Rajasthan.
 He graduated at the top from St. Xavier’s College in
Kolkata with a Bachelor of Commerce Degree in
Business and Accounting in 1969.
 His father Mr.Mohanlal Mittal set up a small mill in
Kolkata.
 Began his career working in the family’s steel making
business in India, and in 1976.
 He married Usha Mittal.
 In 1994, he branched out on his own due to
differences with his father and uncles.
 Business idea and start-up
 His vision and hard work, Mittal pioneered the development of integrated mini-mills and the
use of Direct Reduced Iron or “DRI” ad a scrap substitute for steelmaking and led the
consolidation process of the global steel industry.
 Between 2001 and 2004 takeover of plants in Romania, the Czech Republic and Poland
followed.
 In 2004 Mittal Steel became the largest steelmaker in the world, with shipments of 42.1
million tons of steel and profits of over USD 22 billion.
 In February 2005, he got his big-ticket entry into the lucrative European market.
 In June 2005, acquired the massive 5 million ton Kazakh steel plant, Karmet from the
government of Kazakhstan.
 The year 2005 saw tug of war between Mittal and Arcelor.
 Mittal beat Arcelor to the 4.8 billion dollar deal.
 Less than three months later, Mittal launched his takeover bid of Arcelor.
 And at that time he became the world’s largest steel producer at 150 million tones steel in
2006.
 Ukraine’s government gave him owner as a ‘Sultan of steel’.
 Business Strategies and Policies
 Arcelor Mittal Steel Company’s strategy is not only about growth but
they are implementing some Corporate and Social Responsibility
strategies which are given below:-

Business policies
HR strategy
Environmental Strategy
Community Strategy
Shareholders Strategies
 Awards and Achievements

 2008 “Padma Vibhushan”, Second Highest Indian Civilian Honor

 2007 “Asian Business Award”, Middle East
 2007 Bessemer Gold Medal, Institutes of Materials, Minerals & Mining
 2006 “Person of the Year”- Financial Times
 2004 “European Businessman of the Year” – Fortune Magazine
 1998 “Willy Korf Steel Vision Award” – American Metal Market and paine
Weber's world steel dynamics
 1996 “Steel maker of the Year” – new Steel Organization, USA
 Present Status of Lakshmi Mittal
 World’s largest and most global steel company with shipment of 49.2 million
dollar 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
millions per annum.
 Own steel making facilities in 16 countries spanning 4 continents.
 Employees 224000 people spanning 49 different nationalities.
 Qualities and Distinctiveness of
Lakshmi Mittal
 Hard Working
 Outstanding vision
 Convincing , Motivating and Guiding
 Zeal and Fierceness
 Capacity to lead
 Braver
Last but not least
A caring family man…!!