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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….