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Serving over 22 millions NRIs worldwide

UPDATED-ArcelorMittal is the world's leading steel company, with operations in more than 60 countries. ArcelorMittal is the leader in all major global steel markets, including automotive, construction, household appliances and packaging, with leading R&D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. With an industrial presence in over 20 countries spanning four continents, the Company covers all of the key steel markets, from emerging to mature.In 2008, ArcelorMittal had revenues of $124.9 billion and crude steel production of 103.3 million tonnes, representing approximately 10 per cent of world steel output.

  • Country of Citizenship: India
  • Source of Wealth: Steel

NEWS:

  • March 2012: Age: 62
    • Net Worth $20.7 B
    • #21 Forbes Billionaires
    • #2 in India
    • #47 Powerful People
 
  • Fifty Indians, including Lakshmi Mittal with a net worth of $31.1billion made it to the Forbes list-Fifty Indians, including L.N. Mittal, the Ambani brothers and Azim Premji, have made it to the Forbes list of World Billionaires 2011, as Indians Chinese, Russians and Brazilians raced to catch up with Americans, still at the top. Indian steel czar Lakshmi Mittal with a net worth of $31.1 billion grabbed the sixth place with net profits of ArcelorMittal, world's largest steel-maker, rising 18-fold to $2.9 billion in 2010 on recovery in demand for the commodity and higher margins. Mukesh Ambani with a net worth $27 billion was ranked ninth on the world list, while the head of consumer products to outsourcing giant Wipro, Azim Premji, was next ranked 36th with a net worth of $16.8 billion.
  • Dec 23, 2010: Mittal says it won't extend Canadian takeover offer  --ArcelorMittal said Wednesday it is not interested in extending its Dec 29 deadline for friendly takeover of Canadian iron ore company Baffinland Iron Mines after the steel giant came to know that Canadian regulators won't be able to decide a legal challenge to the deal by a hostile bidder.
  •  Mittal's steel project in Karnataka to get first priority

    • May 25, 2004: Britain's 4th richest NRI Mittal's daughter to marry - Amit Bhatia (L) and Vanisha Mittal celebrate at rings ceremony during their wedding festivities at Versailles in Paris

    Lakshmi Mittal: one of the UK's richest tycoons

    January 16, 2004

    • London-based Indian steel magnate Lakshmi Mittal is believed to have embarked on a new initiative to gain total control of the South African steel industry
    • 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.

     

     

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    Lakshmi Mittal, steel tycoon

    • Oct. 27, 2008: UK NRI steel tycoon Lakshmi Mittal was the richest man in Europe and the 4th richest man in the world but now world's biggest loser after his net worth 13.7 billion dollars as compared $45 billion in January.
    • UK NRI steel tycoon Lakshmi Mittal is the richest man in Europe with his fortune estimated, 27.7 billion pounds ($45 billion). He is Britain's wealthiest person for fourth year in a row. April 27, 2008

     

    The world's most expensive 70 million pounds house bought by Mittal