4. Welcome to you all
Presentation of
Laxmi Mittal
Good Morning
to everyone
5.
6. 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
7. Finished 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 and
acquired a steel plant ISPAT INDO.
His success has largely been built on buying up loss
making steel owned mills and quickly turning them
around.
8. 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
12. Qualities
• Hard working
• Outstanding vision
• Convincing, Motivating and guiding
• Zeal and fierceness
• Capacity to lead
• Bravery
13. 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.
14. A great individual
A corporate leader in business
Started the trend of mergers
around the world
A caring family man
A complete human being
15. This is not about
creating a giant ….its
about creating the
sustainability of the
steel industry..”
-Lakshmi Niwas
Mittal
17. • 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."
18.
19. 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.
20. Aditya Vanisha
Laxmi & Usha Mittal
Family
His son, Aditya Mittal, is the
CFO of Arcelor Mittal.
Mittal has two children.
21. • 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
22. 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.
23. Lakshmi 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.
24.
25. 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
26. 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.
