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8/3/2019 Leader of New Era...
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Lakshmi Nivas Mittal
´Always think outside the box
and increase the opportunities
that appear, wherever they
might beµ
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Why Lakshmi Nivas Mittal ?
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BiographyBiography -- Lakshmi Nivas MittalLakshmi Nivas Mittal
yy IndianIndian bornborn BritishBritish steelsteel tycoontycoon
yyBornBorn onon June June 1515thth 19501950 inin RajasthanRajasthan
yy Family Family movedmoved toto KolkataKolkata fromfrom RajasthanRajasthan
yy HisHis fatherfather MohanlalMohanlal MittalMittal setset upup aa smallsmall steelsteel millmill
inin KolkataKolkata..
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yy FinishedFinished hishis bachelorsbachelors degreedegree inin businessbusiness andand
accountingaccounting MittalMittal beganbegan hishis early early careercareer inin hishis
fathersfathers steelsteel firmfirm inin thethe early early 7070ss
yy InIn 19761976 MittalMittal movedmoved toto IndonesiaIndonesia andand acquiredacquired aasteelsteel plantplant ISPATISPAT INDOINDO..
yy HisHis successsuccess hashas largely largely beenbeen builtbuilt onon buyingbuying upuplossloss makingmaking steelsteel ownedowned millsmills andand quickly quickly turningturning themthem aroundaround..
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HisHis wifewife UshaUsha runsruns thethe IndonesianIndonesian businessbusiness
andand hishis sonson Aditya Aditya andand daughter daughter VanishaVanisha areare
membersmembers of of thethe boardboard of of directorsdirectors of of MittalMittal
steelsteel..
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History of Mittal Steel
yy MittalMittal GroupGroup gotgot intointo steelsteel industry industry inin 19761976 when when MM LL MittalMittalleftleft country country becausebecause of of IndiasIndias restrictiverestrictive economiceconomic policiespolicies..
HeHe went went toto IndonesiaIndonesia toto setset upup ISPATISPAT INDOINDO..
yy GroupGroup startedstarted spreadingspreading itsits activitiesactivities acrossacross thethe globeglobe inin 19891989 when when itit acquiredacquired anan ailingailing plantplant inin TrinidadTrinidad andand TobagoTobago which which was was revivedrevived
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yy 19941994 groupgroup underwentunderwent partitionpartition of of businessbusiness interestinterest inin
thethe family family.. All All thethe foreignforeign businessbusiness were were hivedhived of of intointo aaseparateseparate groupgroup ISPATISPAT InternationalInternational underunder thethe controlcontrol of of
LL NN MittalMittal while while IndianIndian operationsoperations remainedremained with with hishis
younger younger brothersbrothers PP KK MittalMittal andand V V KK MittalMittal
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AcquisitionsAcquisitions
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Current Status
yy W orlds W orlds largestlargest andand mostmost globalglobal steelsteel company company with with shipmentshipment of of
4949..22 millionmillion tonestones andand revenuerevenue of of overover $$2828..11 billionbillion inin 20052005 andand
netnet incomeincome of of $$33..44 billionbillion
yy NoNo.. 11 highhigh quality quality steelsteel producerproducer with with crudecrude steelsteel capacity capacity with with
moremore thanthan 7070 millionmillion tonstons perper annumannumyy OwnOwn steelsteel makingmaking facilitiesfacilities inin 1616 countriescountries spanningspanning 44
continentscontinents
yy EmploysEmploys 224000224000 peoplepeople spanningspanning 4949 differentdifferent nationalitiesnationalities
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Qualities and Distinctivenessy Polite and Hard working
y Ambitious
y
Outstanding visiony Convincing, Motivating and guiding
y Capacity to lead
y Brave
y Diplomacy and persistencey Risk appetite
y A good listener
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y Also says that Don't shout about your success, just doit
yHis two favourite words are focus and family
y Boldness changes everything with courage,conviction, passion, brilliance and originality
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The Leader in MittalThe Leader in Mittal--yy A great individual A great individual
yy A corporate leader in A corporate leader inbusinessbusiness
yy Started the trend of Started the trend of mergers around themergers around the world world
yy
A caring family man A caring family manyy A complete human A complete human
beingbeing