- Birth: 15 June 1950, Shadulpur, Churu, Rajasthan
- Accommodation: London, Great Britain
- For his work: Indian industrialist, CEO and chairman of ArcelorMittal
Lakshmi Mittal is an Indian industrialist and CEO and chairman of ArcelorMittal, the world’s largest steel producer. Although he lives in the United Kingdom, he has not relinquished citizenship of India. He is one of the richest persons in India as well as in the world. He has a 33 percent stake in the professional English football club ‘Queens Park Rangers Football Club’. Despite being the eighth richest person in Britain in 2002, he is not a British citizen. In 2011, Forbes considered him the sixth richest person in the world, but in March 2015, he came down to number 82 at the very bottom.
Since 2008, he has been a member of the Board of Directors of Goldman Sachs. He is a member of the Executive Committee of the World Steel Organization, the ‘Global Advisory Committee’ of the Indian Prime Minister, the Foreign Investment Council of Kazakhstan, the International Trade Committee of the ‘World Economic Forum’, and the International Advisory Board of the President of Mozambique. He is a member of the advisory board of the US-based Kellogg’s School of Management and the ‘Board of Trustees’ of the Cleveland Clinic.
In 2006, The Sunday Times awarded him ‘Business Person of 2006’, ‘The Financial Times’ awarded him ‘Person of the Year’ and ‘Time’ magazine honored him as ‘International Newsmaker of the Year 2006’. In 2007, Time magazine placed him on the list of ‘100 most influential people in the world’.
Lakshmi Mittal Early life
Lakshmi Niwas Mittal was born on 2 September 1950 in Rajgarh tehsil of Churu district of Rajasthan. His father’s name was Mohan Lal Mittal. Laxmi was born into a joint family and later his family moved to Kolkata. He has two brothers – Pramod Mittal and Vinod Mittal.
Lakshmi Niwas Mittal was educated from 1957 to 1964 from Shri Daulatram Nopani Vidyalaya. He graduated in business and accounting in commerce from St. Xavier’s College, Kolkata (affiliated to Kolkata University). His father Mohan Lal Mittal had a steel business – Nippon Denero Ispat.
Steps in the industry
In 1976, 26-year-old Lakshmi Niwas Mittal launched his first steel factory ‘P.T.’ because of the Government of India’s control over the production of steel. Ispat Indo ‘established in Sidorojo, Indonesia. The Mittal family owned a cold rolling mill of sheet steels in Nagpur and an alloy steel plant near Pune as assets of the Mittal family in India until the 1990s.
In March 2008, Forbes magazine named Lakshmi Mittal the fourth richest person in the world. Lakshmi was said to be the wealthiest person in Asia.
Currently Lakshmi Mittal is the CEO and chairman of ArcelorMittal Steel Company. Apart from this, he is also a non-executive director of EADS, ICICI Bank and investment banking company Goldman Sachs. In 2008, the Government of India honored him with the Padma Vibhushan.
In November 2003, he founded the ‘Mittal Champions Trust’ to help and encourage talented Indian players. In 2008, when Abhinav Bindra won the gold medal in the Olympics for India, Rs 1.5 crore was given as a prize from this trust. At the 2012 London Olympics, his company ‘ArcelorMittal’ built ‘ArcelorMittal Orbit’.
Lakshmi Mittal Education
In 2003, Laxmi Niwas Mittal and Usha Mittal Foundation together with the Government of Rajasthan launched ‘LNM’ in Jaipur. Institute of Information Technology. It is an autonomous and non-profit institution.
Lakshmi Niwas Mittal Foundation has performed SNDT. The Institute of Technology for Women of Women’s University gave a large sum of money to the charity, after which the name of the institute was changed to ‘Usha Mittal Institute of Technology’.
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In The Field Of Health
In 2008, Mittal donated about £ 150 million to the Great Ormond Street Hospital in London. This donation led to the establishment of a new health facility in the hospital – Mittal Children’s Medical Center.
Queens Park Rangers
The Mittal family has a 33 percent stake in the professional English football club ‘Queens Park Rangers FC’.
Lakshmi Mittal Private Life
The current residence of Lakshmi Mittal is the 18–19 Kennington Palace Gardens in London.In its time it was the most expensive house in the world.
In 2005, he bought a property on APJ Abdul Kalam Marg in New Delhi, the capital of India, which was worth US $ 30 million.
Honours and awards
- 2008: ‘Lifetime Achievement’ Award given by Forbes magazine
- 2007: Fellowship awarded by King’s College London
- 1996: ‘Steel Capricorn of the Year’ by New Steel.