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Lakshmi Mittal
- 2. Biography of Lakshmi Mittal Name: Lakshmi Narayan Mittal Born on: 15 June 1950 Place of Birth: Sadalpur, Rajasthan,In dia Ethnicity: Marwar Educated from: St.Xavier's College,Calcutta Position: Chairman & Executive Officer ArcelorMittal, Owner of Karrick Limited, Co- owner of Queens Park Rangers F.C Valued at: US $ 13.6 Billion Married to: Usha Mittal Father of: Vanisha Mittal Aditya Mittal Awards Won: Padma Vibhushan
- 3. Born on June 15, 1950, Educated from St. Xavier's College,Calcutta Mittal’s family moved to Calcutta (Kolkata), where his father operated a steel mill He opened his own steel mill in Indonesia Overview Of Lakshmi Mittal Life After graduating he served as a trainee at the mill Mittal purchased the beleaguered state-owned steel works in Trinidad and Tobago. 1950 1960 1970 1976 1989
- 4. Mittal merged his companies, Ispat International and LNM Holdings, and acquired Ohio- based International Steel Group Mittal oversaw another merger when Mittal Steel joined with Arcelor to form ArcelorMittal. Continued….. 2004 2006
- 5. • 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. • 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 History of Mittal Steel
- 6. LEADERSHIP STYLE Lakshmi Mittal has got democratic leadership style. He has got well defined leadership structure within his organization to help him make decisions together on the basis of agreement and that is divided into four fellow leadership divisions: 1. Governance 2. Board of directors 3. Group management board 4. Management committee
- 7. Learning from Lakshmi Mittal • What the mind can conceive and believe, it can achieve! • Be Bold • Risk taker-Fortune favours the brave! • Success despite middle class roots!
- 11. Market strategy Gain Profitable Market share Achieve positive cash flow Drive Resilience for our value chain and our community Our Values
- 12. Market strategy Optimize assets Effectively utilize Financial resources Achieve high capacity utilization in our most productive asset Our Asset Continue to invest in asset for long term
- 13. Market strategy Emphasize cross-functional corporation-focused teams Maintain a talented pipeline for the workforce needed today and in the future Our People
- 14. Market strategy Deliver high value added products for our customer Provide customer with technology – driven performance metrics and reliability Our Customer
- 15. • Lakshmi Mittal serves as chairman and CEO of ArcelorMittal, the world's biggest steelmaker. • Hailing from a steel clan, he separated from his siblings to start Mittal Steel then went on to merge the company with France's Arcelor in 2006. • Benefiting from an uptick in steel, the company reported double-digit growth in net profit to $5.1 billion in 2018 on revenue of $76 billion. • ArcelorMittal completed the $2.1 billion acquisition of Italy's loss-making steel group Ilva in November 2018. • In 2018, his $5.9 billion bid for bankrupt Essar Steel, once controlled by billionaires Shashi and Ravi Ruia, was accepted by Essar's creditors Present Status of Lakshmi Mittal REAL TIME NET WORTH $13.9B
- 16. • Once ranked as the richest man in United Kingdom (in 2011), and the sixth richest in the world, with a personal wealth of US $31.1 billion. • He has won many awards to his credit, and is a member of many prestigious groups of societies. • 2007, he won the Padma Vibhushan , by the President of India. • Fellowship of King's college, London. • Grand Cross of Civil Merit, by Government of Spain. • 2004, Entrepreneur of the year, by Wall Street Journal. • European businessman of the year, Forbes • Times magazine, named him in their list of ''100 most influential people of the world". Awards and Achievements won by Lakshmi Narayan Mittal
- 18. Thank you….!