Friday, June 14, 2024

Legend of the steel industry: L N Mittal

Lakshmi Niwas Mittal, born 15 June 1950) is an Indian steel magnate, based in the United Kingdom. He is the chairman and CEO of ArcelorMittal, the world’s largest steelmaking company. Mittal owns 38% of ArcelorMittal and holds a 20% stake in Queens Park Rangers F.C.

He was ranked the sixth-richest person in the world by Forbes in 2011, but dropped to 82nd place in March 2015. He is also the “57th-most powerful person” of the 72 individuals named in Forbes’ “Most Powerful People” list for 2015. His daughter Vanisha Mittal’s wedding was the second-most expensive in recorded history.

In 2005 The Sunday Times named him “Business Person of 2006”, the Financial Times named him “Person of the Year”, and Time magazine named him “International Newsmaker of the Year 2006”. In 2007, Time magazine included him in their “Time 100” list.

He is not only a successful business tycoon, but a person with kind heart. He made a donation of ₹100 crores to PM cares fund during the COVID-19 pandemic in India.

He was awarded with the following awards in past years :

  • In 2008, he was awarded with Padma Vibhushan by the  Government of India.
  • In 2008, he was awarded with Forbes Lifetime Achievement Award by Forbes.
  • In 2007, Fellowship King’s College, London
  • In 2004, European Businessman of the Year by Forbes
  • In 2004, Entrepreneur of the Year by The Wall Street Journal
  • In 2004, 8th honorary Willy Korf Steel Vision Award  by American Metal Market and World Steel Dynamics
  • In 1996, Steel Maker of the Year New Steel

A business person can also be a good and perfect writer, this has been proved by Mr. Mittal by his following books :

  • Tim Bouquet and Byron Ousey – Cold Steel (Little, Brown, 2008).
  • Navalpreet Rangi – Documentary Film (The Man with a Mission, 2010).

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