Lakshmi mittal

Lakshmi Mittal

1. Lakshmi Mittal Inspiration of All the entrepreneurs Presented By : Kartik Bansal MBA

2. Lakshmi Nivas Mittal “Always think outside the box and increase the opportunities that appear, wherever they might be”

3. Biography of Laxmi Mittal . Indian born British tycoon. Laxmi Nivas Mittal the steel man Born on 15th June 1950 Rajasthan. Family moved Kolkata from Rajasthan. His father Mohanlal Mittal a set up a steel mill in Kolkata.

4. Biography of Laxmi Mittal . 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.

5. Early Life & Education 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.

6. Early Life 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

7. 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

8. Mittal Steel .

9. Acquisitions .

10. Current Status World’s largest and most global steel company with shipment of 49.2 million tones and revenue of over $28.1 billion in 2005 and net income of $3.4 billion Benefiting from the steel recovery, the company reported a surge in net profit to $4.6 billion in 2017 on revenue of $68.7 billion. ArcelorMittal, along with Italian steel firm Marcegaglia, acquired Italy's loss making steel group Ilva for $2.1 billion in June 2017. ArcelorMittal has partnered with Japan's Nippon Steel to bid for billionaire siblings Shashi and Ravi Ruia's debt-strapped Essar Steel.

11. Qualities Hard working Outstanding vision Convincing, Motivating and guiding Zeal and fierceness Capacity to lead Bravery

12. 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.

13. Awards and honours Year of Award or Honour Name of Award or Honour Awarding Organization 2008 Forbes Lifetime Achievement Award Forbes 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

14. Corporate Social Responsibility Mittal steel believes that businesses should pay a major role in supporting the communication in which they operate. Operations by Mittal steel in the sense of social responsibility kind of support to: Kazakhstan South Africa USA Algeria India

15. Education In 2003, the Lakshmi Niwas Mittal and Usha Mittal Foundation and the Government of Rajasthan partnered together to establish a university, the LNM Institute of Information Technology (LNMIIT) in Jaipur as an autonomous non-profit organization. In 2009, the Foundation along with Bharativa Vidya Bhavan founded the Usha Lakshmi Mittal Institute of Management in New Delhi. SNDT Women's University renamed the Institute of Technology for Women (ITW) as Usha Mittal Institute of Technology after a large donation from the Lakshmi Niwas Mittal Foundation

16. Sports After witnessing India win only one medal, bronze, in the 2000 Summer Olympics, and one medal, silver, at the 2004 Summer Olympics, Mittal decided to set up Mittal Champions Trust with $9 million to support ten Indian athletes with world-beating potential.  In 2008, Mittal awarded Abhinav Bindra with Rs. 1.5 Crore (Rs. 15 million), for getting India its first individual Olympic gold medal in shooting. ArcelorMittal also provided steel for the construction of the ArcelorMittal Orbit for the 2012 Summer Olympics. For Comic Relief he matched the money raised (£1 million) on the celebrity special BBC programme .

17. Medical In 2008 the Mittals made a donation of £15 million to Great Ormond Street Hospital in London, the largest private contribution the hospital had ever received. The donation was used to help fund their new facility, the Mittal Children's Medical Centre

18. Community Main Provider of electricity Urban development project in Karaganda Mittal steel in 1995. Construction modern facilities for the Karaganda metallurgical institute. In Algeria the company gave a $100,000 aid. Was known for $242,000 corporate contribution in 2005. Management & employee equally moved for devastation when hurricane Katrina inflicted. This raised more then $500,000 for red cross.

19. Luxury homes 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."

20. Family Laxmi & Usha Mittal Mittal has two Childers

21. Career 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.

22. Time Line 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

23. Lakshmi Mittal Quote’s On Success