Lakshmi Mittal

1. Lakshmi Mittal
INSPIRATION OF ALL THE
ENTREPRENEURS
Presented By : Kartik Bansal
MBA

2. Lakshmi Nivas Mittal
“Always think outside the box
and increase the
opportunities that appear,
wherever they might be”

3. Biography of Laxmi Mittal.
1. Indian born British tycoon. Laxmi Nivas Mittal the
steel man
2. Born on 15th June 1950 Rajasthan.
3. Family moved Kolkata from Rajasthan.
4. His father Mohanlal Mittal a set up a steel mill in
Kolkata.

4. Biography of Laxmi Mittal.
1. Finished his bachelors degree in business and
accounting Mittal began his early career in his fathers
steel firm in the early 70s
2. In 1976 Mittal moved to Indonesia and acquired a
steel plant ISPAT INDO.
3. His success has largely been built on buying up loss
making steel owned mills and quickly turning them
around.

5. Early Life & Education
Lakshmi Narayan Mittal alias Lakshmi Niwas Mittal was born
into a Marwari business family in Churu district of Rajasthan,
India.
His family moved from (Rajgarh) Sadulpur, Rajasthan to
Calcutta in West Bengal. He graduated from St. Xavier's
College, Calcutta with a Bachelor of Commerce degree
in business and accounting with first class.

6. Early Life
He has two siblings (brothers) named
Pramod Mittal and
Vinod Mittal.
His father, Mohan Lal Mittal, ran a steel
business, Nippon Denro Ispat. Until the 1990s,
the family's main assets in India were a
cold-rolling mill for sheet steels in Nagpur
and an alloy steels plant near Pune

7. History of Mittal Steel
1. 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.
2. Group started spreading its activities across the globe in 1989 when it
acquired an ailing plant in Trinidad and Tobago which was revived.
3. 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

8. Mittal Steel
.

9. Acquisitions
.

10. Current Status
 World’s largest and most global steel company with shipment of 49.2
million tones and revenue of over $28.1 billion in 2005 and net income of
$3.4 billion
 Benefiting from the steel recovery, the company reported a surge in net
profit to $4.6 billion in 2017 on revenue of $68.7 billion.
 ArcelorMittal, along with Italian steel firm Marcegaglia, acquired Italy's loss
making steel group Ilva for $2.1 billion in June 2017.
 ArcelorMittal has partnered with Japan's Nippon Steel to bid for billionaire
siblings Shashi and Ravi Ruia's debt-strapped Essar Steel.

11. Qualities
 Hard working
 Outstanding vision
 Convincing, Motivating and guiding
 Zeal and fierceness
 Capacity to lead
 Bravery

12. LEADERSHIP STYLE
A transactional leader:
Mittal is a transactional leader
who guides and motivates his followers in the
direction of established goals by clarifying role
and task requirements.

13. Awards and honours
Year of Award or Honour Name of Award or Honour Awarding Organization
2008
Forbes Lifetime Achievement
Award
Forbes
2007 Fellowship King's College London
2004
European Businessman of the
Year
Forbes
2004 Entrepreneur of the Year Wall Street Journal
2004
8th honorary Willy Korf Steel
Vision Award
American Metal Market
and World Steel Dynamics
1996 Steel Maker of the Year New Steel

14. Corporate Social Responsibility
 Mittal steel believes that businesses should pay a major role in
supporting the communication in which they operate.
 Operations by Mittal steel in the sense of social responsibility kind of
support to:
 Kazakhstan
 South Africa
 USA
 Algeria
 India

15. Education
 In 2003, the Lakshmi Niwas Mittal and Usha Mittal Foundation and
the Government of Rajasthan partnered together to establish a university,
the LNM Institute of Information Technology (LNMIIT) in Jaipur as an
autonomous non-profit organization.
 In 2009, the Foundation along with Bharativa Vidya Bhavan founded the
Usha Lakshmi Mittal Institute of Management in New Delhi.
 SNDT Women's University renamed the Institute of Technology for Women
(ITW) as Usha Mittal Institute of Technology after a large donation from the
Lakshmi Niwas Mittal Foundation

16. Sports
 After witnessing India win only one medal, bronze, in the 2000 Summer
Olympics, and one medal, silver, at the 2004 Summer Olympics, Mittal
decided to set up Mittal Champions Trust with $9 million to support ten
Indian athletes with world-beating potential.
 In 2008, Mittal awarded Abhinav Bindra with Rs. 1.5 Crore (Rs. 15 million),
for getting India its first individual Olympic gold medal in shooting.
ArcelorMittal also provided steel for the construction of the ArcelorMittal
Orbit for the 2012 Summer Olympics.
 For Comic Relief he matched the money raised (£1 million) on the celebrity
special BBC programme.

17. Medical
 In 2008 the Mittals made a donation of £15 million to Great Ormond Street
Hospital in London, the largest private contribution the hospital had ever
received. The donation was used to help fund their new facility, the Mittal
Children's Medical Centre

18. Community
 Main Provider of electricity
 Urban development project in Karaganda Mittal steel in 1995.
 Construction modern facilities for the Karaganda metallurgical institute.
 In Algeria the company gave a $100,000 aid.
 Was known for $242,000 corporate contribution in 2005.
 Management & employee equally moved for devastation when hurricane
Katrina inflicted. This raised more then $500,000 for red cross.

19. Luxury homes
Mittal's house in Kensington, London is decorated with marble taken from
the same quarry that supplied the Taj Mahal. The extravagant show of
wealth has been deemed the "Taj Mittal."

20. Family
Laxmi & Usha Mittal
Mittal has two Childers

21. Career
 Lakshmi joined his family steel business soon after he graduated from
college.
 Lakshmi Mittal (1950 - present) is the chairman and chief executive officer
of the world’s largest steel company, ArcelorMittal.
 He worked in the family’s steel enterprise in the 1970s until beginning his
own steel company in 1976.
 According to Forbes magazine, Mittal was worth $31.1bn in 2011.
 In 2011 he was named the world’s most powerful Asian in the UK,
according to Eastern Eye, a weekly British newspaper.

22. Time Line
 1960: Born in Sadulpur, Rajasthan India.
 1976: He commenced his career with his father's steel business.
 1996: Won the Steel Maker of the Year from New Steel.
 2003: He established L.N.M. Institute of Information Technology in JPR
 2004: Bestowed with the Entrepreneur of the Year and European
Businessman of the Year.
 2006: He took over Arcelor, one of the largest steel companies.
 2007: The Padma Vibhushan was given by the Indian government and the
Grand Cross of Civil Merit by the government of Spain.
 2008: Forbes Lifetime Achievement Award was granted to him

23. Lakshmi Mittal Quote’s On Success