Lakshmi Mittal is an Indian-born British businessman who founded and chairs ArcelorMittal, the world's largest steelmaking company. He was born in 1950 in India and graduated from St. Xavier's College in Kolkata with a degree in business and accounting. He began his career in his family's steel business in India and later founded Ispat International, which he grew through strategic acquisitions to become the world's largest steelmaker. Mittal pioneered new steelmaking techniques to deal with rising scrap prices and used consolidation to build ArcelorMittal into the dominant force in the global steel industry.

1. Prepared by Sulbha Dherenge

2.  Indian born British steel tycoon.
 Born on 15th June 1950 in Rajasthan, Sadulpur Village.
 Family moved to Kolkata from Rajasthan.
 He graduated at the top from St. Xavier's College in Calcutta
(Now known as Kolkata) with a Bachelor of Commerce degree
(B. Com.) in Business and Accounting in 1969.
 His father Mohanlal Mittal set up a small steel mill in Kolkata.
 Began his career working in the family's steelmaking business
in India, and in 1976.
 He married with Usha.
 In 1994, he branched out on his own due to differences with his
father - with his uncles.
INTRODUCTION

3. 2008 “Padma Vibhushan”, Second Highest Indian Civilian Honor
2007 “Asian Business Award”, Middle East
 2007 Bessemer Gold Medal, Institute 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 &
Paine
 Weber’s World Steel Dynamics
1996 “Steel maker of the Year” – New Steel Organization, USA
AWARDS AND ACHIEVMENTS

4. 
Hard working
Outstanding vision
Convincing, Motivating and guiding
Capacity to lead
Bravery
ENTERPRENEUR SKILLS & COMPETENCY

5. 
Mexico invited Ispat to take over Sibalsa plant
In 1994, Ispat business was split into two new companies
LNM Holdings
Ispat International
In 1995, Ispat revived “Kannet” 3rd largest steel plant in
soviet union
In 1997, Ispat International listed on NYSE and Amsterdam
stock exchange
PROGRESSIVE JOURNEY

6. 
 His vision and hard work, Mittal pioneered the
development of integrated mini-mills and the use of Direct
Reduced Iron or “DRI” as 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

7. 
BECOMING NUMBER ONE
• Started to penetrate USA & Canada
• Acquisitions
 1998 – Inland Steel
 2004 – International Steel Group
 2005 – Arcelor
• Buy out of LNM by Ispat International
for $4.5 billion

8. 
 Blast furnaces – pig iron raw material.
 Mini mills – scrap steel raw material.
 Mittal’s prediction – price of scrap steel would
increase.
 Mittal started looking out for sourcing alternative
raw material for the steel mill.
Challenges Faced

9. 
Strategy adopted

10. 
 firstly I learned that there should be a
healthy relationship between owner and
labours.
 We as an entrepreneur, should not treat our
labour very rudely.
 Always try to faced challenges in a positive
manner.
Insights as an entrepreneur-
360 degree dimension

11.  Leadership qualities.
 Begin at the Bottom
 Invest in People:
 Understand and enrich each other.
 How to become better leader and not a boss.
 When is the right time to raise a funds & how to handle
failure in business.
 Understands an entrepreneurs skills
 Understand how to face the challenges
Key learning

12. 