15 interesting facts about Lakshmi Niwas Mittal

New Delhi: Indian-origin steel tycoon Lakshmi Mittal, who spent eight years at the top of the Sunday Times Rich List, is the Chairman and Chief Executive Officer of ArcelorMittal, the biggest steel producing company of
15 interesting facts about lakshmi niwas mittal -...
India TV Business Desk August 27, 2014 10:49 IST
New Delhi: Indian-origin steel tycoon Lakshmi Mittal, who spent eight years at the top of the Sunday Times Rich List, is the Chairman and Chief Executive Officer of ArcelorMittal, the biggest steel producing company of the world. In 2013, a £2.7 billion drop in his wealth in the past 12 months sent Mittal from the top spot to the fourth place.

Mittal is well known to turn sick steel companies into money spinners, something which has always amazed the industry and his peers. He has shown India's hardworking middle class what they can achieve if they set a goal for. His business acumen, swift decision making ability and boldness has resulted in the spectacular amount of wealth.

Mittal has been a member of the board of directors of Goldman Sachs since 2008,and is also member of the board of directors of the European Aeronautic Defence and Space Company. He sits on the World Steel Association's executive committee,and is a member of the Indian Prime Minister's Global Advisory Council, the Foreign Investment Council in Kazakhstan, the World Economic Forum's International Business Council, and the Presidential International Advisory Board of Mozambique.

Let's take a look at fifteen interesting facts about him and his life.

1. Lakshmi Niwas Mittal was born on June 15, 1950 at Sadulpur, in Churu district of Rajasthan. His grandfather worked for one of the leading industrial firms, whereas his father was a businessman. The family relocated to Kolkata after his father joined a domestic steel company as a partner. He graduated in commerce from St. Xavier's College in Kolkata and joined the family business along with his two younger brothers Pramod Mittal and Vinod Mittal. Mittal's joining of family's company “Ispat” marked the turning point of his life.





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