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Welcome to you all Presentation ofLaxmi Mittal
Good Morning to everyone
LaxmiMittal
THE STEELMAGNAT
He is the inspiration ofAll the entrepreneurs
Laxmi Nivas Mittal the steel man
• Indian born British tycoon
• Born on 15th June 1950 Rajasthan
• Family moved Kolkata from Rajasthan
• His father Mohanlal Mittal a set up a
steel mill in Kolkata
Biography of Laxmi Mittal
L N MittalFinished his bachelors degree in business and accounting Mittal began his early career in his fathers steel firm in the early 70s
In 1976 Mittal moved to Indonesia andacquired a steel plant ISPAT INDO.
His success has largely been built on buying up lossmaking steel owned mills and quickly turning themaround.
History of Mittal Steel 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.
Group started spreading its activities across the globe in 1989 when it acquired an ailing plant in Trinidad and Tobago which was revived.
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
Steel man L N Mittal
Acquisitions
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.
No. 1 high quality steel producer with crude steel capacity with
more than 70 million tons per annum.
Own steel making facilities in 16 countries spanning 4 continents
Employs 2,24,000 people spanning 49 different nationalities.
Qualities• Hard working• Outstanding vision• Convincing, Motivating and guiding• Zeal and fierceness• Capacity to lead• Bravery
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.
The Leader in Mittal
A great individual
A corporate leader in business
Started the trend of mergers
around the world
A caring family man
A complete human being
Quotes' This is not about
creating a giant ….its about creating the sustainability of the steel industry..”
-Lakshmi Niwas Mittal
Laxmi Nivas Mittal
“Always think outside the box and increase
The opportunities that appear, wherever they
might be,”L N MITTAL----
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."
Mittal paid over £30 million to host his daughter Vanisha's wedding
celebration in Vaux le Vicomte on 22 June 2004 and an engagement
ceremony at the Palace of Versailles on 20 June 2004, the world's most
expensive wedding ever. He even hosted a Bollywood night where
superstars like Rani Mukerji, Saif Ali Khan, Shahrukh Khan and Aishwarya
Rai performed. Kylie Minogue also sang on stage.
Aditya Vanisha
Laxmi & Usha Mittal
Family
His son, Aditya Mittal, is the CFO of Arcelor Mittal.
Mittal has two children.
Early life• Born : June 15,1950
Sadulpur, Rajasthan, India• Early years in India Extended &
Poor family• 20Lived on bare floors & Slept on
rope beds & Cooked on open fire in the brickyard on the house built by his grandfather.
• Grandfather worked for Tarachand Ghanshyam Das firm
• Family moved on to Calcutta
Early life and 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.
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.
CareerLakshmi 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.
Amevi - Lakshmi Mittal'sbrand new yacht
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
Awards and honors
Year of Award or Honor
Name of Award or Honor Awarding
Organization
2010 "Dostyk" 1 Republic of Kazakhstan.
2008 Forbes Lifetime Achievement
Award Forbes.
2007 Padma Vibhushan President of India. 2007 Grand Cross of Civil Merit Government of Spain
2007 Dwight D. Eisenhower Global
Leadership Award
Business Council for International
Understanding. 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.
Thank you….