L .N. MITTAL
Laxmi Niwas Mittal, the largest steel producer of the world was bom in Sadaipur Rajasthan in 1950. His father is Mohan Lai Mittal. He got his early education in native school and later on he went to England for pursuing higher studies. Since his childhood, Laxmi Mittal has been an avowed flier and traveller. Even in the present he travels 350000 km. a year spanning 14 countries. He travels because his empire is spread throughout the world. He manages his empire that employs some 165000 workers. He bought his Kensington home for 128 million dollar (nearly 5 million India rupees) from Formula One boss Bernie Eclestone. Such is the status and reputation of Laxmi Niwas Mittal in the world.
In today’s world not all get to live their dreams, but then you have to dream. Laxmi Mittal is one of those who dream and try to fulfill those dreams. In India, he is better known as the richest Indian but in the world he is known as the person who has chased only one dream with firm determination and single mindedness that was to create new architecture for steel business. He has been crazy in buying and acquiring one steel firm after another. Every acquisition has been a golden moment from the time. He took over an oiling plant in Indonesia to his biggest but the International Steel Group (ISG) in the U.S.A. after buying (ISG) in 2004 he emerged as the biggest steel maker in the world. He bought ISG on October 1, 2004 and presented it to his father who was in Tirupati as a Birthday gift from a son. He is the world’s biggest steel maker and one of the top five billionaires. He produces 70 million tonne steel every year. He has a gap of 28 million tonne between him and the next guy- Guy Dolle and Aroelor New Mittal are planning to take over Arcelor- Adutch steel company. It is the next station in the journey of dreams of Mittal. Though there are problems but we hope that he may do it again. Perhaps that would be his new golden moment.
“Raise yourself so high that even .God asks what you want” “Only those survive who dare and show courage”.
MITTAL STEEL: SOME FACTS
|Founded||Surpatra, Indonesia (1989)|
|Products||Steel, Flat, Steel products, coated steel, tubes and pipes|
|Revenue||28.132 billion dollar (2005)|
|Operating Income||4.746billion dollar|
|Net Income||3.65 billion dollar (2005)|
|President CFO and Director||Aditya Mittal|