Lakshmi Niwas mittal Story of sucess

Chairman Arcelor Mittal and LNM

The Steel KingLakshmi Niwas Mittal Lakshmi Niwas Mittal

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