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Lakshmi Mittal: From Steel Mill Worker to Global Steel Magnate

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Lakshmi Niwas Mittal represents one of India’s most remarkable business transformations, evolving from working in his father’s small steel mill to building the world’s largest steel empire. His journey exemplifies strategic vision, calculated risk-taking, and business acumen.

Personal Information Tables

Personal Details

AttributeDetails
Full NameLakshmi Niwas Mittal
Date of BirthJune 15, 1950
BirthplaceSadulpur, Rajasthan, India
EducationB.Com from St. Xavier’s College, Kolkata
Current RoleExecutive Chairman, ArcelorMittal
Net Worth$16.4 billion (2024)
Global Rank113th richest person globally
Indian Rank13th richest person in India
ResidenceLondon, United Kingdom
CitizenshipIndian

Family Information

RelationDetails
FatherMohan Lal Mittal
WifeUsha Mittal
ChildrenAditya Mittal (CEO, ArcelorMittal), Vanisha Mittal Bhatia
BackgroundMarwari business family

Career Evolution

Early Career (1970-1976)

PeriodAchievement
1970Graduated from St. Xavier’s College with highest marks in accountancy
1970-1976Worked in family’s steel business in India
1976Established PT Ispat Indo in Indonesia

Business Expansion (1989-2006)

YearMilestone
1989Acquired Trinidad and Tobago state steel company
1995Purchased Irish Steel
2004Created Mittal Steel through mergers
2006Merged with Arcelor to form ArcelorMittal

Philanthropy and Social Impact

Major Contributions

YearInitiative
2008£15 million to Great Ormond Street Hospital
2020₹100 crores to PM CARES Fund during COVID-19
VariousEstablished educational institutions through LNM Foundation

Properties and Assets

PropertyValue
London Home£70 million (No. 9A Palace Greens)
Delhi Home$30 million (Dr APJ Abdul Kalam Road)
Business AssetsArcelorMittal operations in 16 countries

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