Background
Lakshmi Mittal was born on June 15, 1950, in Sadulpur, Rajasthan, India. His father, Mohanlal Mittal, ran a steel business, Nippon Denro Ispat.
30, Mother Teresa Sarani, Mullick Bazar, Park Street area, Kolkata, West Bengal 700016, India
Lakshmi graduated from St. Xavier's College, Calcutta, with a Bachelor of Commerce degree in business and accounting.
United Kingdom
Lakshmi Mittal
United Kingdom
Lakshmi Mittal
United Kingdom
Lakshmi Mittal with his son at a restaurant
United Kingdom
Lakshmi Mittal
United Kingdom
Lakshmi Mittal with his family
United Kingdom
Lakshmi Mittal
France
Lakshmi's family
United Kingdom
Mittal family
United Kingdom
Lakshmi Mittal with his daughter
2007
Spain
Lakshmi Mittal received the Grand Cross of Civil Merit.
2006
London, England
Businessman Lakshmi Mittal is photographed with his son Aditya Mittal for Fortune magazine.
2006
London, Englan
Businessman Lakshmi Mittal is photographed with his son Aditya Mittal for Fortune magazine.
2007
Spain
Lakshmi Mittal received the Grand Cross of Civil Merit.
2008
Bow St, Covent Garden, London WC2E 9DD, United Kingdom
Lakshmi Mittal and family arrive at The Orange British Academy Film Awards 2008, at the Royal Opera House.
2010
Cannes, France
Lakshmi Mittal and wife Usha Mittal attends the 'You Will Meet A Tall Dark Stranger' Premiere held at the Palais des Festivals during the 63rd Annual International Cannes Film Festival.
2010
London, England
Boris Johnson (2R), the Mayor of London, Lakshmi Mittal (L), the CEO and Chairman of ArcelorMittal, Andrew Altman (R), the Chief Executive of the Olympic Park Legacy Company, and artist Anish Kapoor (2L), place spades in the earth where the ArcelorMittal Orbit sculpture will stand in the Olympic Park Site
2010
London, England
Lakshmi Mittal (L), the CEO and Chairman of ArcelorMittal and artist Anish Kapoor.
2010
Sao Paulo, Brazil
Lakshmi Mittal, chairman, and chief executive officer of ArcelorMittal, speaks during the Brazilian Steel Conference.
2011
S Africa Rd, Shepherd's Bush, London W12 7PJ, England
British Prime Minister David Cameron (L) and his son Arthur sit with Indian Steel Magnate Lakshmi Mittal (R) during the Barclays Premier League match between Queens Park Rangers and Aston Villa at Loftus Road.
2012
London, United Kingdom
Mayor of London Boris Johnson, Olympics Minister Tessa Jowell, Steel magnate Lakshmi Mittal, Artist Anish Kapoor, and Structural designer Cecil Balmond unveil a new visitor attraction to be placed in the Olympic Park, at City Hall.
2012
London, United Kingdom
Steel magnate Lakshmi Mittal (l) and artist Anish Kapoor.
2012
Amritsar, India
Lakshmi Mittal along with his wife Usha Mittal at Harmandar Sahib complex.
2012
Kensington Gardens, London W2 3XA, England
Usha Mittal (C) and Lakshmi Mittal (R) attend a private viewing of the Serpentine Gallery Pavilion designed by Herzog & de Meuron and Ai Weiwei at The Serpentine Gallery.
2012
London, England
Queen Elizabeth II talks to Indian steel magnate Lakshmi Mittal who sponsored the Orbit and his wife, with Boris Johnson Mayor of London during a tour of the Olympic Park on day one of the London Olympics Games.
2012
Kensington Gardens, London W2 3XA, England
Lakshmi Mittal and Amit Bhatia at the Mittal Trust Champions Event at The Serpentine Gallery.
2012
London, Englan
Lakshmi Mittal with The Olympic Torch On Day 69 Of The Olympic Torch Relay.
2013
London, England
Usha Mittal (L) and Lakshmi Mittal attend the VIP preview of the annual Frieze Art Fair in Regent's Park.
2013
London, England
Usha Mittal (L) and Lakshmi Mittal attend a donors dinner hosted by Michael Bloomberg & Graydon Carter to celebrate the launch of the new Serpentine Sackler Gallery designed by Zaha Hadid.
2013
Kensington Gardens, London W2 3XA, England
Usha Mittal (L) and Lakshmi Mittal attend the annual Serpentine Gallery Summer Party co-hosted by L'Wren Scott at The Serpentine Gallery.
2015
Battersea, London SW11 4NJ, England
Lakshmi Mittal and family attend Day Two at the 2015 FIA Formula E Visa London ePrix at Battersea Park.
2015
Paris, France
Lakshmi Mittal arrives to the Official Dinner in honor of the Prime Minister of India Narendra Modi at Elysee Palace in Narendra Modi announced that India ordered 36 Rafale Firefighter War Jets ready to fly from France for an estimated 4 Billion euros with terms outlining a speedy delivery date.
2016
Davos, Switzerland
Lakshmi Mittal, chief executive officer of ArcelorMittal, walks out from behind a curtain following a meeting at the World Economic Forum (WEF).
2018
Kolkata,India
Mamata Banerjee Chief Minister of West Bengal along Lakshmi Mittal, CEO of ArcelorMittal Lakshmi Niwas Mittal, is an Indian steel magnate, based in the United Kingdom, Sajjan Jindal Chairman, Managing Director of JSW Group of companies at the Bengal Global Business Summit.
United Kingdom
Lakshmi Mittal
30, Mother Teresa Sarani, Mullick Bazar, Park Street area, Kolkata, West Bengal 700016, India
Lakshmi graduated from St. Xavier's College, Calcutta, with a Bachelor of Commerce degree in business and accounting.
United Kingdom
Lakshmi Mittal
United Kingdom
Lakshmi Mittal with his son at a restaurant
United Kingdom
Lakshmi Mittal
United Kingdom
Lakshmi Mittal
United Kingdom
Lakshmi Mittal with his family
United Kingdom
Lakshmi Mittal
France
Lakshmi's family
United Kingdom
Mittal family
United Kingdom
Lakshmi Mittal with his daughter
United Kingdom
Usha Mittal, Lakshmi's spouse
United Kingdom
Aditya Mittal, Lakshmi's son
India
Mohanlal Mittal, Lakshmi's father
United Kingdom
Pramod Mittal, Lakshmi's brother
India
Vinod Mittal, Lakshmi's brother
United Kingdom
Amit Bhatia, Lakshmi's son-in-law
United Kingdom
Vanisha Mittal Bhatia, Lakshmi's daugther
Lakshmi Mittal was born on June 15, 1950, in Sadulpur, Rajasthan, India. His father, Mohanlal Mittal, ran a steel business, Nippon Denro Ispat.
Lakshmi graduated from St. Xavier's College, Calcutta, with a Bachelor of Commerce degree in business and accounting.
In the 1960s Mittal’s family moved to Calcutta, where his father operated a steel mill. Mittal worked at the mill while studying at St. Xavier’s College. After graduating he served as a trainee at the mill, and in 1976 he opened his own steel mill in Indonesia. He spent more than a decade learning how to run it efficiently. In 1989 Mittal purchased the beleaguered state-owned steel works in Trinidad and Tobago, which had been losing huge sums of money. A year later that facility had doubled its output and had become profitable. He used a similar formula for success in a series of acquisitions all around the world, purchasing failing mostly state-run outfits and sending in special management teams to reorganize the businesses.
Mittal’s business philosophy emphasized consolidation in an industry that had become weak and fragmented. Although demand for steel remained high, smaller steel companies had been unable to strike competitive deals with their major clients, notably automakers and appliance manufacturers. Mittal’s company, however, controlled about 40 percent of the American market for the flat-rolled steel used to make cars, which allowed the giant steelmaker to negotiate more favourable prices. In 2004 Mittal merged his companies, Ispat International and LNM Holdings, and acquired Ohio-based International Steel Group. The newly created company, Mittal Steel Co. NV, emerged from the deal as the world’s largest steelmaker. Two years later Mittal oversaw another merger when Mittal Steel joined with Arcelor to form ArcelorMittal. According to the Sunday Times Rich List 2016, Mittal and his family had an estimated personal net worth of £7.12 billion.
Mittal has also been a member of the board of directors of Goldman Sachs since 2008. He sits on the World Steel Association's executive committee, and is a member of the Global CEO Council of the Chinese People's Association for Friendship with Foreign Countries, the Foreign Investment Council in Kazakhstan, the World Economic Forum's International Business Council, and the European Round Table of Industrialists.
Lakshmi Mittal is the steel mogul, who is also known as the Iron Man of Calcutta. In 2017, Forbes ranked him as the 56th-richest person in the world. He was also number 57th on the Forbes list of ‘most powerful individuals’ in 2015. Mittal has received several awards and honors including the ‘Forbes Lifetime Achievement Award’ in 2008, the ‘Padma Vibhushan’ from the Government of India in 2008, and the ‘Grand Cross of Civil Merit’ from the Government of Spain in 2007.
Quotations:
"When people can see which direction the leaders are going in it becomes easier to motivate them."
"Always think outside the box and embrace opportunities that appear, wherever they might be."
"I'm cautious about the currency situation, oil pricing and the economies of some countries not performing as we are expecting."
Mittal, who was sometimes described as being media shy, lives a very lavish lifestyle. His daughter’s wedding that was celebrated in France is the world’s second most expensive wedding costing 55 million Euros. In 2004, he bought his residence from the Formula One boss Bernie Ecclestone for £57 million and at the time was the most expensive house of the world. He owns several other properties including a colonial bungalow in New Delhi ($30 million) and three other properties in Kensington Palace, Gardens, worth £500 million.
Lakshmi Mittal is married to Usha Mittal. They have a son Aditya Mittal and a daughter Vanisha Mittal.
