The Steel

King
Lakshmi Niwas Mittal
Chairman Arcelor Mittal and LNM
 Content
• Biography
• Family Background
• About L.N. Mittal
• Business starting
• Achievements
• Lesson for investors
• Lifestyle
 Biography

Born in 15 June 1958 In Sadulpur ,Rajasthan,

India.
Nationality: Indian
Residence: London, England.
Net Worth: $45 Billions
Religion Belief: Hinduism
Education: B.Com in business and Accounting
 Family Background

• Father Mohan Mittal

• Mother Geeta Mittal
• Wife Usha Mittal
• Children
– Aditya Mittal
– Vanisha
 Lakshmi Mittal…

• The World's Billionaires

#4 Lakshmi Mittal
• No. 1 Richest person in Europe
• Chairman & CEO of Arcelor Mittal group and
LNM Group.
• Representing 10% of steel in world level
Business Starting
 Starting Ispat Indo in Indonesia
 Ispat international NV
 Ispat Karmet Indo
 39th on the 2008 Fortune Global 500
list
 Steel assets in Romania, Bosnia-
Herzegovina, South Africa, Poland,
Indonesia, Kazakhstan, the United
States, Ukraine and other countries.
 Achievements

• 2008: Padma Vibhushan

• 2006: Person of the Year - Financial Times
• 2004: European Businessman of the Year -
Fortune magazine
• 1996: Steelmaker of the Year - New Steel
• World Steel Association’s Chairman till oct,2009.
 Crisis faced by L.N.Mittal and how
he got victory over them.
• Mittal narrated that in 1948 when he
became the head of company his
company was going under loss. All his
workers and employees left him because
they said there is no future.
• At the same time Arcleor company
at that time which was the no. one steel
maker
 The rises of LN Mittal
-lesson for investors.

• A company in the commodity industry can have

a sustainable competitive advantages from two
sources - superior management and enduring
low cost position.
• Consolidation in a commodity industry improves
the profitability of the top firms as it gives them
better pricing power.
 Lifestyle

• LN Mittal buys world's costliest home in UK.

• Joint owner head of Formula one his team
Renault Formula one team
• Having 20% of Queens Park Rangers football
club.
 Lesson to Learn
• The factory became gold which he touched.
He made gold mine his factory. He made
DIAMOND from stone with his efforts and
hard working.

• From this we learn that nothing is possible

for us, the need is to have faith and a
ambition to achieve goals and a desire to be
success then no one can stop you.
Thanks

Shubham Hundet