The document discusses 'Cold Steel' by Byron Ousey, focusing on Lakshmi Mittal's biography and rise as a prominent figure in the global steel industry. Mittal, founder of Mittal Steel, became the largest steel maker after merging with Arcelor, controlling 10% of global steel production. It also highlights his opulent lifestyle and various achievements, including rankings and awards, while emphasizing lessons from his business philosophy.

1. Book title: - Cold Steel
Author Name: - Byron Ousey
Publication Name: - Little, Brown Book Group
No of Pages: - 368 pages
Price of the Book:-250
Publication Year: - 23 Apr 2009
 Summary of Cold Steel Lakshmi Mittal and the Multi-Billion-Dollar Battle for a Global
Empire
 Laxmi Mittal Biography:-
Lakshmi Mittal has become something of a cult figure in the global steel industry. His company
Mittal Steel is the largest steel maker in the world. After the recent merger between Mittal Steel
and Arcelor which raged a big debate throughout the Europe, Laxmi Mittal current controls 10%
of the total steel production and the combined entity that has come into force post-merger is three
times the size of its nearest competitors.
Lakshmi Niwas Mittal was born on June 15, 1950 at Sadulpur, in Churu district of Rajasthan, in
a poor family. The extended family of 20 lived on bare concrete floors, slept on rope beds and
cooked on an open fire in the brickyard in a house built by his grandfather. Laxmi Mittal belongs
to Marwari Aggarwal caste and his grandfather worked for the Tarachand Ghanshyam Das firm,
one of the leading Marwari industrial firms of pre-independence India.
The family later on moved to Kolkata where his father Mohan Mittal became a partner in a steel
company. Lakshmi Mittal graduated from St. Xaviers in Kolkata with a commerce degree in
1969. He began his career working in the family's steelmaking business in India and in 1976,
Lakshmi Mittal founded Mittal Steel Company. He split from his father and two younger
brothers in 1994 and took the international arm, with interests in Indonesia and Trinidad and
Tobago, while the rest of the family kept the domestic Indian business. In the last few years
Mittal Steel has made a number of acquisitions, buying up a network of steel producers in former
communist countries including Kazakhstan, Romania and Ukraine, and pushing into the U.S. in
2004 with the $4.5 billion purchase of International Steel Group. Today, Mittal Steel is the only
truly global steel producer in the world with operations on 14 countries, spanning 4 continents.
Lakshmi Mittal is also known for his opulence. In 2003, he acquired the Kensington mansion,
said to be the world's most expensive home, from Formula One racing's Bernie Ecclestone for
£70 million ($128 million). His daughter Vanisha's $50 million wedding bash is touted as the
most expensive wedding of the 20th century.

2.  LEARNING FROM STORY:-
1. “In business life, first of all you need to have commitment, dedication and passion for
what you are doing.”
2. “At the end of the day, you have to keep emotions away.”
3. “Everyone experiences tough times, it is a measure of your determination and
dedication how you deal with them and how you can come through them.”
4. “Hard work certainly goes a long way. These days a lot of people work hard, so you
have to make sure you work even harder and really dedicate yourself to what you are
doing and setting out to achieve.”
5. “When I think about parallels between myself and an Olympian, I believe that success
in the world of business is underpinned by very similar principles of perseverance and
hard work.”
6. “Always think outside the box and embrace opportunities that appear, wherever they
might be.”
7. “A strong player, which has the sufficient critical mass, can withhold pressure better
and create a more stable environment that benefits shareholders as well as employees.”
8. “When people can see which direction the leaders are going in, it becomes easier to
motivate them.”
 ACHIEVEMENT OF LAXMI MITTAL :-
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, today his wealth has come down to $16 billion and
his rank has dropped to 82nd place in March 2015. 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
Name of the student
Labade Avinash Dilip
Shelke Dayanand Annasaheb