NRI
industrialist Lakshmi N.Mittal, has signed an MoU
to set up a cold rolling and coating plant in China
Mr Lakshmi
N. Mittal
Chairman and CEO
Mittal Steel Company Ltd, United Kingdom
Mr. Lakshmi N. Mittal is the Chairman and CEO of
Mittal Steel Company. He founded the company (formerly
the LNM Group) in 1976 and has been responsible
for the strategic direction and development of its
businesses.
Mittal Steel is the only truly global steel producer
in the world with operations on 14 countries, spanning
4 continents.
Mr. Mittal's ability to guide the company in its
identification, acquisition and turnaround of steel
assets has led to its emergence as one of the world's
fastest growing steel producers.
Mr. 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.
Over the years, Mr. Mittal has also championed
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.
Other related activities of Mittal Steel include
shipping, power generation and distribution, and
mining.
Following the transaction combining Ispat International
and LNM Holdings to form Mittal Steel in December
2004, together with the simultaneous announcement
of the acquisition of International Steel Group
in the US to form the world's largest steel producer,
Mr. Mittal was awarded Fortune magazines "European
Businessman of the Year 2004".
Previously, he was awarded "Steelmaker of
the Year" in 1996 by New Steel in the USA,
and the "Willy Korf Steel Vision Award"
in June 1998, for outstanding vision, entrepreneurship,
leadership and success in global steel development
from American Metal Market and PaineWeber's World
Steel Dynamics.
Mr. Mittal is an active philanthropist and a member
of various trusts. Mittal Steel is a significant
contributor to local community and welfare activities
for employees in countries where the Group operates.
Mr. 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.
He is a Director of ICICI Bank Limited and is on
the Advisory Board of the Kellogg School of Management
in the U.S.
He was born in Sadulpur in Rajasthan, India on
June 15, 1950, and graduated from St. Xavier's College
in Calcutta where he received a Bachelor of Commerce
degree.
He is married to Usha Mittal, and has a son, Aditya
Mittal and a daughter, Vanisha Mittal.
