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Lakshmi Niwas Mittal Biography, Family, Brother, Net Worth

Lakshmi Niwas Mittal Biography

Birth: 15 June 1950, Shadulpur, Churu, Rajasthan

The accommodation: London, Great Britain

Scope of work: Indian industrialist, CEO and chairman of ArcelorMittal

Lakshmi Mittal is an Indian industrialist and CEO and chairman of ArcelorMittal, the world’s largest steel producer. Although he lives in the United Kingdom, he has not relinquished citizenship of India. He is one of the richest persons in India as well as in the world. He has a 33 percent stake in the professional English football club ‘Queens Park Rangers Football Club’. In 2007, he was considered Europe’s richest Hindu and Asian. Despite being Britain’s eighth richest person in 2002, he is not a British citizen. In 2011, Forbes considered him the sixth richest person in the world, but in March 2015, he fell down to number 82.

Lakshmi Niwas Mittal Biography,

Since 2008, he has been a member of the Board of Directors of Goldman Sachs. He is a member of the Executive Committee of the ‘World Steel Organization’, the ‘Global Advisory Committee’ of the Indian Prime Minister, the ‘Foreign Investment Council’ of Kazakhstan, the International Trade Committee of the ‘World Economic Forum’, and the International Advisory Board of the President of Mozambique. He is a member of the Advisory Board of the US-based Kellogg’s School of Management and the ‘Board of Trustees’ of the Cleveland Clinic.

In 2006, The Sunday Times awarded him ‘Business Person of 2006’, ‘The Financial Times’ awarded him ‘Person of the Year’ and ‘Time’ magazine honored him as ‘International Newsmaker of the Year 2006’. In 2007, ‘Time’ magazine placed him on the list of ‘100 most influential people in the world’.

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Lakshmi Niwas Mittal Biography, early life

Lakshmi Niwas Mittal was born on 2 September 1950 in Rajgarh tehsil of Churu district of Rajasthan. His father’s name was Mohan Lal Mittal. Laxmi was born into a joint family and later his family moved to Kolkata. He has two brothers – Pramod Mittal and Vinod Mittal.

Lakshmi Niwas Mittal was educated from 1957 to 1964 from Shri Daulatram Nopani School. He graduated in business and accounting in commerce from St. Xavier’s College, Kolkata (affiliated to Kolkata University). His father Mohan Lal Mittal had a steel business – Nippon Denero Ispat.

Steps in the industry

26-year-old Lakshmi Niwas Mittal started his first steel factory ‘PT’ in 1976 because of the Government of India’s control of steel production. Ispat Indo ‘established in Sidorojo, Indonesia. The Mittal family owned a cold rolling mill of sheet steels in Nagpur and an alloy steel plant near Pune as assets of the Mittal family in India until the 1990s. Today, the Mittal family business in India (which includes a large integrated steel plant near Mumbai) is run by Vinod and Pramod Mittal, but Lakshmi has nothing to do with these businesses.

In March 2008, Forbes magazine named Lakshmi Mittal the fourth richest person in the world. Lakshmi was said to be the wealthiest person in Asia.

Currently Laxmi Mittal is the CEO and chairman of ArcelorMittal Steel Company. Apart from this, he is also a non-executive director of EADS, ICICI Bank and investment banking company Goldman Sachs. In 2008, the Government of India honored him with the Padma Vibhushan.

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Philanthropic work

In November 2003, he established the ‘Mittal Champions Trust’ for the financial support and encouragement of talented Indian players. In 2008, when Abhinav Bindra won the gold medal in the Olympics for India, Rs 1.5 crore was given as a prize from this trust. ArcelorMittal Orbit was built by his company ‘ArcelorMittal’ at the 2012 London Olympics.

In the feild of education

In 2003, Lakshmi Niwas Mittal and Usha Mittal Foundation in collaboration with the Government of Rajasthan ‘LNM’ in Jaipur. Institute of Information Technology established. It is an autonomous and non-profit institution.

Lakshmi Niwas Mittal Foundation has performed SNDT. The Institute of Technology for Women of Women’s University gave a large sum of money to the charity after which the name of the institute was changed to ‘Usha Mittal Institute of Technology’.

In the field of health

In 2008, Mittal gave a donation of about 1.5 million British pounds to the ‘Great Oramond Street Hospital’ in London. This donation led to the establishment of a new health facility in the hospital – Mittal Children’s Medical Center.

Queens Park Rangers

The Mittal family’s professional English football club ‘Queens Park Rangers F.C.’ Holds a 33 percent stake. The investment was made under the supervision of Mittal’s son-in-law Amit Bhatia.

private life

The current residence of Lakshmi Mittal is the 18–19 Kennington Palace Gardens in London. In 2004, he bought this property from Bernie Ecclestone, owner of Formula One for about 12 million eight million US dollars. In its time it was the most expensive house in the world. Marble from the same quarry has been used to decorate this house, from where marble was brought to build the Taj Mahal.

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In 2008, in the marriage of his daughter Vanisha, he also gifted a house in London which was worth about 7 crores British pounds.

In 2005, he bought a property on APJ Abdul Kalam Marg in New Delhi, the capital of India, which was worth US $ 30 million.

Honours and awards

  • 2008: ‘Lifetime Achievement’ Award by Forbes magazine
  • 2007: Fellowship awarded by King’s College London
  • 2004: ‘European Businessman of the Year’ by Forbes magazine
  • 2004: Selected ‘Entrepreneur of the Year’ by Wall Street Journal
  • 2004: ‘Eighth Villie Korf Steel Vision (Honorary) Award’ by American Metal Market and World Steel Dynamics
  • 1996: ‘Steel Capricorn of the Year’ by New Steel.

Time Line (Life Events)

  • 1950: Born on 15 June in Shadulpur, Churu, Rajasthan
  • 1957-64: Educated at Shri Daulatram Nopani School
  • 1976: Started its first steel factory ‘P.T. Ispat Indo ‘established in Sidorojo, Indonesia
  • 2008: Forbes magazine named Lakshmi Mittal the fourth richest person in the world
  • 2008: Government of India awarded Padma Vibhushan

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