Steel King Lakshmi Niwas Mittal's success story
In this series of success story, we are going to introduce you to the success story of Lakshmi Niwas Mittal, who is also known as Steel King in the whole world. Let's know the story of the success of his life.
Success Story of Steel King Lakshmi Mittal
Lakshmi Mittal is the largest industrialist of Indian origin steel producer in England and is also the CEO and chairman of his company Arcelor Mittal. To achieve this milestone, he worked hard and hard day and night. Today, he is increasing both the honor and respect of entire India and all Indians abroad.
Story of the personal and early life of Steel King Lakshmi Niwas Mittal
Lakshmi Niwas Mittal was born on 2 September 1950 in Rajgarh tehsil of Churu district, Rajasthan, India, in the Lakshmi family, which was a joint family of 25 people of that time. His father's name is Mohan Lal Mittal and brothers' names are Pramod Mittal and Vinod Mittal. His family already had a business under the name of Nippeden Ispat. He had settled in Kolkata with his family as a child and from here he got his education from Shri Daulatram Nopani Vidyalaya from 1957 to 1964. He then completed his undergraduate education in Business and Accounting in Commerce from St. Xavier's College, Kolkata (affiliated to Kolkata University).
Story of Steel King Lakshmi Niwas Mittal's foray into the industry
Laxmi Niwas Mittal, after completing his graduation, took the road to Indonesia in 1976 at the encouragement of the Government of India and at the age of 26, with the help of his father, his first steel factory 'P.T. Ispat Indo was established in Sidorojo, Indonesia.
In 1989, he bought the government-owned firm Trinidad and Tobago, which was then making a daily loss of $ 1 million. Lakshmi Mittal turned it into a profit. By the year 1990, with his hard work, he had set up a cold rolling mill of sheet steel in Nagpur and an alloy steel plant near Pune as an asset of the Mittal family in India.
Steel King Lakshmi Niwas Mittal's consistent success story in the industry
Lakshmi Niwas Mittal tried to buy Arcelor in 2006 but CEO Guy Dole refused the offer of $ 24 billion at the time. The deal later resulted in a $ 33.5 billion decline in the stock. ArcelorMittal is today the world's largest steel making company with a total of 2 lakh 60 thousand employees in 60 countries.
Since 2008, he is also the 'Board of Directors' and member of Goldman Sachs and Executive Committee of World Steel Organization, Global Advisory Committee to Indian Prime Minister, Foreign Investment Council of Kazakhstan, International Trade Committee of World Economic Forum and President of Mozambique Is also a member of the International Advisory Board. He is also a member of the advisory board of the US-based Kellogg's School of Management and the board of trustees of the Cleveland Clinic. He is also a non-executive director of EADS, ICICI Bank and investment banking company Goldman Sachs.
His ArcelorMittal Company holds 34% and Queen Park Ranger F.C. Holds a 34% stake. Today, the Mittal family's business also includes a large integrated steel plant near Mumbai, run by Vinod and Pramod Mittal, but Lakshmi Niwas has nothing to do with these businesses.
Story of many social works done for society by Steel King Lakshmi Niwas Mittal
Steel King Lakshmi Niwas Mittal established the 'Mittal Champions Trust' in November 2003 for the financial support and encouragement of talented Indian players and it was only through this trust that Abhinav Bindra won the gold medal at the Olympics in India in the year 1.5 Crores were given as prizes. At the 2012 London Olympics, his company 'ArcelorMittal' had built 'ArcelorMittal Orbit'.
In the year 2003, Lakshmi Niwas Mittal and Usha Mittal Foundation together with the Government of Rajasthan launched 'LNM' in Jaipur. Institute of Information Technology, which is an autonomous and non-profit institution. In 2008, he donated about £ 150 million to the Great Oromond Street Hospital in London to set up a new health facility.
Other important things related to the life of Steel King Lakshmi Niwas Mittal
Steel King Lakshmi Niwas Mittal was awarded "Business Person of the Year" by The Sunday Times in 2006 and "International Newsmaker of the Year 2006" by Times magazine.
In the year 2007, Time magazine placed him in the list of 100 most influential people in the world.
Steel King Lakshmi Niwas Mittal was included in the list of the most powerful and influential people by Forbes in its year 2015.
Steel King Lakshmi Niwas Mittal and his family are today counted among the top rich families in the world.
The marriage of Lakshmi Niwas Mittal's daughter Vanisha Mittal, which was held in 2008, is considered to be the second most expensive wedding in the world, in which she gifted a house in London worth about 7 crore British pounds.
Laxmi Niwas Mittal even today after so much fame, Never gave up his Indian citizenship even if he wanted to, he could take citizenship of any rich country.
Lakshmi Niwas Mittal bought Kensington Palace Gardens in 2004 for about US $ 128 million from the owner of Formula One, which was considered the most expensive house in the world at that time. For the interior of the house, they have used the same marble as the Taj Mahal.
Lakshmi Niwas Mittal was awarded the Padma Vibhushan by the Government of India in the year 2008 and apart from this he has received many great honors for his industrial and social work.