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.

1. Subject – Entrepreneur
Presented By – Dhruv Shah

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.

6. MITTAL STEEL

7. History of Mittal Steel
 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

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
 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

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.