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Laxmi Niwas Mittal

The steel baron

Presented by

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21 July 2011shovit

CEO & Chairmanof

Arcelor Mittal

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5th Richest person in the world

Fortune of US $32 billion according to Forbes

Financial Times named Mittal its2006 person of the year

In May 2007 he was named one of the100 most influencial people

by

Times group

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Early years in India Extended

&Poor family

20Lived on bare floors

&Slept on rope beds

&Cooked on open firein the brickyardon the housebuilt by hisGRANDFATHER

Marwari

AggarwalCaste

Grandfather worked for

Tarachand Ghanshyam Das firm

Born : June 15,1950(age 57)Sadulpur,Rajasthan, India

Family moved

on to Calcutta

BACKGROUND

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Laxmi MittalGraduated from St Xaviers College

CalcuttaBachelors in Commerce

in the year1969

Father Mohan Mittal become a partnerin the steel company

IN Calcutta

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1976

Started working in familys steel making business in India

Founded Mittal Steel Company in India

1994 Split from his father and two younger brothers& took the international arm, withinterests inIndonesiaand Trinidad and Tobago

Since then acquisition was reason for growth of his business

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Major Acquisitions

In the last few years Mittal Steel has made a number of acquisitions,buying up a network of steel producers in former communist countriesincluding Kazakhstan, Romania and Ukraine, and pushing into the U.S. in 2004with the $4.5 billion purchase of International Steel Group.

Today, Mittal Steel is the only truly global steel producer in the world withoperations on 14 countries, spanning 4 continents.

Mittal pioneered the development of integrated mini-mills and the use ofDirect Reduced Iron or DRI as a scrap substitute for steelmaking and led

the consolidation process of the global steel industry.

MittalSteel is the largest steelmaker in the world, with shipments of 42.1million tons of steel and profits of over $22 billion in 2004.

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Personal Wealth

In March 2007, Mittal was reported the 5th wealthiest person in the world byForbes Magazine (up from 61st richest in 2004).

The Mittal family owns 44% of Arcelor Mittal, the world's largest steelcompany.

His residence at 18-19 Kensington Palace Gardens was bought from FormulaOne car racing boss Bernie Ecclestone in 2004 for 57.1 million ($105.7 million),the world's highest price ever paid for a house.Formerly, this house was the residence of Paul Reuter,the founder of the Reuters

news service.

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Mittal has two children.

His son, Aditya Mittal, is the CFO of Arcelor Mittal.

Aditya Vanisha

Laxmi & Usha Mittal

Family

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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 hasbeen deemed the "Taj Mittal."

Recently, Mittal has emerged as a leading contender to buy BarclaysPremiership clubs Arsenal,Wigan and Everton, but has so far refused tocomment.

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Mittal paid over 30 million to host his daughter Vanisha's wedding celebrationin Vaux le Vicomte on 22 June 2004 and an engagement ceremony at thePalace of Versailles on 20 June 2004, the world's most expensive weddingever. He even hosted a Bollywood night where superstars like Rani Mukerji, SaifAli Khan, Shahrukh Khan and Aishwarya Rai performed. Kylie Minogue also sangon stage.

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Charity

After witnessing India won only one medal, bronze, in the 2000 Olympics,and one medal, silver, at the 2004 Olympics, Mittal decided to set up Mittal Champions Trustwith U$9 million to support 10 Indian athletes with world-beating potential.

For Comic Relief 2007, he matched the money raised (~1 million) on the celebrity specialBBC programme, The Apprentice.

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Awards

2006 Person of the Year - Financial Times

2004 European Businessman of the Year - Fortune magazine

1998

1998

Willy Korf Steel Vision Award - American Metal Marketand PaineWebers World Steel Dynamics

Steelmaker of the Year - New Steel

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Size of fortune

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Mittal is an active philanthropist and a member of a few trusts.

Mittal is a member of the Foreign Investment Council in Kazakhstan,the International Investment Council in South Africa, the WorldEconomic Forums International Business Council and the International

Iron and Steel Institutes Executive Committee.

He is a Director of ICICI Bank Limited and is on the Advisory Board ofthe Kellogg School of Management in the U.S.

Other Activities

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Amevi - Lakshmi Mittal's brand newyacht

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THANK YOU