Lakshmi Mittal

Topics: Lakshmi Mittal, ArcelorMittal, Steel Pages: 2 (420 words) Published: April 22, 2011
Lakshmi Mittal Biography: Lakshmi Mittal Profile
Lakshmi Mittal Born on 15th June 1950 in Sadulpur village, in the Churu district of Rajasthan, India. He is the CEO and founder of and has been the chairman and CEO of ArcelorMittal since the merge. He also serves as a non-executive director of Goldman Sachs, EADS and ICICI Bank and is presently the vice chairman of the World Steel Association. Mittal has grown the family business into one of the largest steel companies in the world, with steel making facilities in fourteen countries and employing more than 150,000 people. Mittal reportedly paid $US128 million for a twelve bedroom residence in Kensington Palace Gardens, London. 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. Mittal founded the company Mittal Steel (formerly the LNM Group) in 1976 and has been responsible for the development of its businesses ever since. In 2009, Forbes Magazine listed Mittal the world's 6th richest person with personal wealth of US$19.3 billion. 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 US$9 million to support 10 Indian athletes with world-beating potential.In 2008 Mittal awarded Abhinav Bindra with Rs. 1.5 Crore, for getting India its first individual Olympic gold medal in shooting. Arcelor Mittal Company Profile -

ArcelorMittal is the world's number one steel company, present in more than 60 countries. It has led the consolidation of the world steel industry and today ranks as the only truly global steelmaker. ArcelorMittal is the leader in all major global markets, including automotive, construction, household appliances and packaging. The Group leads in R&D and technology, holds sizeable captive supplies of raw materials and operates extensive distribution networks. Its...
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