Lakshmi Mittal - LEADERSHIP "LAKSHMI MITTAL"...

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LEADERSHIP “LAKSHMI MITTAL” Biography Submitted To: sir Raza H. Syed By: Asif Shah M.Ahsan Masood
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BIO DATA: First Name : Lakshmi Last Name : Mittal Title : Chief executive officer Organization : Mittal Steel Company Country : United Kingdom Date of Birth : 15/06/1950 Place of Birth : Sadulpur, Churu , India Education: 1970 Gained Degree in commercial Studies. History Of Business: Began his career in the Ispat steel firm, who his father established in the 1950s 1976 : Establishes Ispat Indo, Indonesia 1989 1992 : Enters Mexican market 1994 : Buys Sidbec-Dosco, Canada 1995 : Buys Hamburger Stahlwerke, Germany 1995 : Moves HQ to London 1995 : Enters Kazahkstan market 1996 : Buys Irish Steel 1997: Ispat International floated 2001 : Irish Steel closed 2001 : Buys Sidex plant, Romania 2004 : Mittal Steel was founded through the merger of Ispat international and LNM Holdings
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Introduction Lakshmi Mittal - Indian born British steel billionaire and one of the richest men in the world according to Forbes business magazine The London-based, Rajasthan born steel baron is the Chairman and CEO of Mittal Steel Company and the world’s 3rd richest man. Lakshmi Narayan Mittal also known as Lakshmi Niwas Mittal is a billionaire industrialist, born in Rajasthan, India in 1950. Lakshmi graduated from St. Xavier’s College in Calcutta where he received a Bachelor of Commerce degree. He later married Usha Mittal, and had a son and daughter. Mittal began his career working in the family’s steelmaking business in India, and has over 30 years of experience working in steel and related industries. Mittal founded the company Mittal Steel (formerly the LNM Group) in 1976 and has been responsible for the development of its businesses ever since. Mittal Steel is a global steel producer with operations in 14 countries. The steel tycoon, Lakshmi Narayan Mittal is a London based industrialist and a Forbes 100 billionaire. He is the richest Indian in the world and one of the richest persons in Britain. Such is the charisma of Mittal that his company is all set to become the world's largest producer of steel. Mittal holds steel assets in South Africa, Poland, Indonesia, and Kazakhstan. Mittal pioneered the development of integrated mini-mills and the use of Direct Reduced Iron or “DRI” as a scrap substitute for steelmaking and led the consolidation process of the global steel industry. Mittal Steel is the largest steelmaker in the world, with shipments of 42.1 million tons of steel and profits of over $22 billion in 2004. European Businessman of the year Award: Mittal was awarded Fortune magazine’s “European Businessman of the Year 2004” and also “Steelmaker of the Year” in 1996 by New Steel, and the “Willy Korf Steel Vision Award” in 1998, for outstanding vision, entrepreneurship, leadership and success in global steel development from American Metal Market and PaineWebber’s World Steel Dynamics. In 2002
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Lakshmi Mittal - LEADERSHIP "LAKSHMI MITTAL"...

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