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Lakshmi Nivas Mittal

´Always think outside the box 

and increase the opportunities 

that appear, wherever they  

might beµ 

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Why Lakshmi Nivas Mittal ?

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BiographyBiography -- Lakshmi Nivas MittalLakshmi Nivas Mittal

yy IndianIndian bornborn BritishBritish steelsteel tycoontycoon

yyBornBorn onon June June 1515thth 19501950 inin RajasthanRajasthan

yy Family Family movedmoved toto KolkataKolkata fromfrom RajasthanRajasthan

yy HisHis fatherfather MohanlalMohanlal MittalMittal setset upup aa smallsmall steelsteel millmill

inin KolkataKolkata..

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yy FinishedFinished hishis bachelorsbachelors degreedegree inin businessbusiness andand

accountingaccounting MittalMittal beganbegan hishis early early careercareer inin hishis

fathersfathers steelsteel firmfirm inin thethe early early 7070ss

yy InIn 19761976 MittalMittal movedmoved toto IndonesiaIndonesia andand acquiredacquired aasteelsteel plantplant ISPATISPAT INDOINDO..

yy HisHis successsuccess hashas largely largely beenbeen builtbuilt onon buyingbuying upuplossloss makingmaking steelsteel ownedowned millsmills andand quickly quickly turningturning themthem aroundaround..

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HisHis wifewife UshaUsha runsruns thethe IndonesianIndonesian businessbusiness

andand hishis sonson Aditya  Aditya andand daughter daughter VanishaVanisha areare

membersmembers of of thethe boardboard of of directorsdirectors of of MittalMittal

steelsteel..

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MITTAL STEEL

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History of Mittal Steel

yy MittalMittal GroupGroup gotgot intointo steelsteel industry industry inin 19761976 when when MM LL MittalMittalleftleft country country becausebecause of of IndiasIndias restrictiverestrictive economiceconomic policiespolicies..

HeHe went went toto IndonesiaIndonesia toto setset upup ISPATISPAT INDOINDO..

yy GroupGroup startedstarted spreadingspreading itsits activitiesactivities acrossacross thethe globeglobe inin 19891989 when when itit acquiredacquired anan ailingailing plantplant inin TrinidadTrinidad andand TobagoTobago which which was was revivedrevived

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yy 19941994 groupgroup underwentunderwent partitionpartition of of businessbusiness interestinterest inin

thethe family family.. All All thethe foreignforeign businessbusiness were were hivedhived of of intointo aaseparateseparate groupgroup ISPATISPAT InternationalInternational underunder thethe controlcontrol of of 

LL NN MittalMittal while while IndianIndian operationsoperations remainedremained with with hishis

 younger younger brothersbrothers PP KK MittalMittal andand V  V KK MittalMittal

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AcquisitionsAcquisitions

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Current Status

yy W orlds W orlds largestlargest andand mostmost globalglobal steelsteel company company with with shipmentshipment of of 

4949..22 millionmillion tonestones andand revenuerevenue of of overover $$2828..11 billionbillion inin 20052005 andand

netnet incomeincome of of $$33..44 billionbillion

yy NoNo.. 11 highhigh quality quality steelsteel producerproducer with with crudecrude steelsteel capacity capacity with with

moremore thanthan 7070 millionmillion tonstons perper annumannumyy OwnOwn steelsteel makingmaking facilitiesfacilities inin 1616 countriescountries spanningspanning 44

continentscontinents

yy EmploysEmploys 224000224000 peoplepeople spanningspanning 4949 differentdifferent nationalitiesnationalities

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Qualities and Distinctivenessy Polite and Hard working

y Ambitious

y

Outstanding visiony Convincing, Motivating and guiding

y Capacity to lead

y Brave

y Diplomacy and persistencey Risk appetite

y A good listener

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y Also says that Don't shout about your success, just doit

yHis two favourite words are focus and family

y Boldness changes everything with courage,conviction, passion, brilliance and originality

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The Leader in MittalThe Leader in Mittal--yy A great individual A great individual

yy A corporate leader in A corporate leader inbusinessbusiness

yy Started the trend of Started the trend of mergers around themergers around the world world

yy

A caring family man A caring family manyy A complete human A complete human

beingbeing

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´ This is not about 

creating a giant «.its 

about creating the sustainability of the 

steel industry..µ 

-Lakshmi Niwas Mittal