Lakshmi Mittal Life History

Lakshmi Mittal Life History

Lakshmi Mittal is a Indian Born Steel Billionaire living in UK. He has taken his family steel business to the level that it is now the truly global steel maker and operates in 60 countries.

Read here the Biography of Lakshmi Mittal

He is today the world’s Top 10 Richest person according to Forbes. Lakshmi Mittal born on 15th June 1950 in Sadulpur village, in the Churu district of Rajasthan, India. He is the CEO and founder of and has been the chairman and CEO of ArcelorMittal since the merge.

Lakshmi Nivas 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.

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.

Mittal is an active philanthropist. Mittal is a member of the Foreign Investment Council in Kazakhstan, the International Investment Council in South Africa, the World Economic Forum’s International Business Council and the International Iron and Steel Institute’s Executive Committee.

In 2002 he was involved in a political scandal with British Prime Minister Tony Blair, when a donation he made to the Labour party led to Blair's intervention in a business deal favoring Mittal. It was announced later that he donated £2 million to the Labour Party.

See above the YouTube Video of the Profile & Life History of Lakshmi Mittal. You will really N’joy It…!!!