Lakshmi Mittal

Lakshmi Mittal is the Chairman of the world's largest enterprise "ArcelorMittal" for production of steel. It accounts for 10% of world steel output. The steel will be used in the construction of the Memorial to the World Trade Center in New York. Mittal Steel has its own home in London and Moscow.

He original Tycoon who makes himself every day. A very smart man, who invented the secret of his success not only in business but also in the technical side of things, having invented a special type of iron.The most famous Indian businessman Lakshmi Mittal – third largest wealth of people in the world. His company owns businesses in 30 countries.


Lakshmi Mittal was born June 15, 1950, in Calcutta in the family of a businessman Mohan Mittal of marvari Lalâ. The genus has long been called the Indian Jews marvari. The village is located on the edge of marvari India, near one of the many deserts, which is located practically on the border with Pakistan. Life of the Jews was poorly and is futile. Especially many problems emerged after independence of India, when the latter ceased to exist at the current part of India and Pakistan.

Life went quietly when the family settled in Calcutta. There father Lakshmi with their buddies bought completely unprofitable, things fall apart steel rolling plant. Much time was spent to bring the plant in good condition, but over time the head of the family has been producing steel products for construction. The commercial structure of Government were with a grain of salt, but bring the same plan demanded more money, and the result was not allowed. Hitch for Mittalom-senior. Upon learning of the predisposition of the Government, he established his business under the name "Iron" (Ispat) and put all their current resources for the construction of a smelting plant near Calcutta. Family income is allowed to send Lakshmi to be educated at the prestigious Jesuit College of St. Xavier in Calcutta.
In 1969, Lakshmi earned a master's degree in Commerce in the College. Father's empire grew rapidly. Soon, only finishing the construction of the first plant, Mittal-Chief began another two. Around that time he urgently needed reliable people to control supply. It is this man and became Lakshmi, who threw for the sake of further study.

But even after deliveries began to the son, the problem has not disappeared. Romp with the Government, the first person which changed every three days, significantly complicate the work of the Mittal-senior. After all your urgent business, he sold and built, and several unfinished works, after which he went to Indonesia, where acquired yet another offspring for 15 million.

1975 year. At the age of 25 years, Lakshmi Mittal purchased father became the Director of the factory which specialized in the production of iron wire products.

With the history of his steel Empire. With a good mind and intuition, Lakshmi first used the so-called recovered iron as the original product: it was much cheaper.

In 1982, Lakshmi has received permission for the construction of a smelting plant, producing 700 thousand tons of billeta per year and the largest private Indonesian company metalloplavil′nym.
The first thing he did, concluded contracts for the supply of the iron from Trinidad, which has attracted more than prices and loyal cooperation with Iron & Steel Co. of Trinidad & Tobago (Iscott). After a while the Iscott has run into serious problems, and the Government of Trinidad's its for sale. Mittal bought production, renaming the company Ispat Caribbean. After that, he acquired several plants in Germany and Canada, and by the early 1990 's, earned nearly 1 billion dollars a year.

In 1991, 220 million dollars for Mittal Steel acquired the Sibalsa steel mill in Mexico and has created on its base the company Ispat Mexicana.

In 1995, he had acquired from the Government of Kazakhstan Karaganda metallurgical industrial complex in Temirtau, equipped with technology 60-ies of the last century. The modernization of Mittal Steel has invested 500 million dollars, and Ispat Karmet today produces more than 6.6 million tonnes of steel per year being profitable.

As he gained the only steelmaker Ireland through Irish Ispat.

After the crisis in the steel industry created a company LNM Holdings and through it to the own funds continued to buy up steel company: Nova Hut in Czech Republic, Polski Huty Stali in Poland, Petrotub in Romania, BH Steel in Bosnia, Balkan Steel in Macedonia, Alfasid in Algeria and South Africa's Iscor.

In 1997, the company registered the Lakshmi LNM group ", which was intended for the storage of certain assets. But only recently became aware that some assets is the whole control of the ISPAT. Why were some time obscure, unknown, but when it came to the LNM, hinted at the very Empire «Ispat. The owner of the LNM was family Mittalov, but still the right decision and the first signature belongs to it is Lakshmi.Strategy.

The basic idea of creativity Mittal is that it buys unprofitable or malopribyl′nye businesses and fully makes them upgrade. He sends his own management structure, if necessary, updates all technical support, in General, does the plant. Mittal also bought Steel group-one of the big corporations, which is registered in Ohio. The result became Mittal Steel industries.

In December 2003, Mittal Steel announced the merger of LNM Holdings and Ispat International. Mittal Steel Corporation acquired for 4.5 billion American International Steel Group (ISG), formed from six bankrupt American steel companies.

October 2005. The privatization process on the Ukrainian "Kryvorizhstal" was perceived as one of the most high-profile in the global steel industry. The scandalous sale, hereinafter referred to as the de facto nationalization of the plant and its re-sale extended the intrigue of the "Orange Revolution" and triggered an unprecedented interest in multiple MEDIA. Television broadcast the contest on the first national channel has created a buzz around the peak of the largest integrated iron and steel works in Ukraine. Hammer auction Ukrainian "Kryvorizhstal" had fallen about 1:0 pm on October 24. 93.02% of the purchase price at $ 4.8 billion on $. Happy owner was, of course, Mittal.In the global steel market is totally LNM Group is a special place. Many steel companies have subsidiaries or joint ventures abroad, but none could boast of having production facilities in nine countries. All steel Corporation in the world of strong national roots, but LNM is emphasized its cosmopolitanism. The first role it played the Indians, that was the reason for the numerous (and generally justified) allegations of nepotism and pushing the "its", but in many plants the company could find the representatives of many States of the world, and in India itself has not been formally LNM. The company was registered in an offshore zone that was from Great Britain and the Netherlands, but produced in these countries nor tons of steel.

All this, however, did not prevent its leadership in the negotiations with the Governments of Kazakhstan, Ireland or even British call themselves "national manufacturer and claim various benefits and preferences. In 2002, the company even turned out for this in the center of the scandal. Journalists learned that the next purchase group in Romania, lobbied the Prime Minister Tony Blair, whose party won the previous parliamentary elections, generously donated by the LNM in the amount of 125 000. f. art. Particular indignation aroused British industrialists that called itself the British company LNM, though actually not paying taxes in the United Kingdom. In a unique position was and Lakshmi Mittal. In the world of joint-stock companies and multinational corporations, it became the sole the sole owner of the manufacturing company with billions in turnover, a comer of the 19th century. In the press it has been compared to Andrew Carnegie, founder of the u.s. steel Empire, and one Indian newspaper even referred to Lakshmi Mittal "Bill Gates from Calcutta.The personal life of Mittal

He is married and his wife takes an important position in the company, has a daughter Vaniši, bought a house in London, paying for it 128 million dollars. House sell Barney Èksleston, owner of "formula 1". In this room the twelve bedrooms, huge swimming pool, hair salon, Ballroom-the list is quite long. There is another fact of his extravagance: in the summer of 2004, Lakshmi gave his daughter Vaniši in marriage. He withdrew on the night of the Tuileries in the Louvre and built a castle in the Park Saint-Cloud. Engagement newlyweds met at Versailles. Note lasted 5 days and cost the magnate in 66 million dollars.

Willingly stands on television, poses in front of the cameras and was the recipient of the sincere pleasure. Likes to fly by private plane. Gathered a collection of rare and extremely expensive cars, both vintage and modern.

Do people like Mittal, companions are in principle. He manages a huge corporation which owns full and is. Agentless to peers include the top layer of managers who tested them repeatedly and that he can trust.Head of the LNM Group is not inclined to interfere in the actions of their subordinates. On the contrary, each unit group is a separate economic entity, which enjoys full freedom in achieving its objectives. Central Executive Committee sets the Group targets for profit and production volumes, and managers on the ground alone make up business plans and are responsible for their implementation. According to Lakshmi Mittal, the unit is constantly maintained a high entrepreneurial spirit.

Mittal does not hide that podkupal top officials in different countries. So there are many, but keep the tongue. Acquired them through their same confessions iffy international con artist to ever do a great disservice to him

Mittal has tremendous dedication and endless desire for expansion. He has a dream-the establishment of a world superkoncerna, and he seeks it, punching the wall erected on it's way. As said Lakshmi Mittal, "I don't think we will ever be able to say: enough.One of the features of Mittal for not buying the company in a country that does not know anyone from the highest echelons of power. In Poland argue that buying their plants was carried out with the direct assistance of Andrzej Šaravarski, former Deputy Minister of economy. Europeans are more militant: in 2001, shortly before the election, the Labour Party gave Lakshmi 125 thousand pounds in return for the assistance of Tony Blair in the purchase of a Romanian factories. Construction Empire Mittal, usually accompanied by major corruption scandals which have become Presidents and Prime Ministers.

Mittal does not hide that successful transactions he must "skill to negotiate." He openly talks about this. Purchase of OJSC «Krivorozhstal» (now Mittal Steel Krivoy Rog ") in the fall of 2007, it regulated in personal communication with the then Prime Minister of Ukraine Yulia Tymoshenko. A takeover of Arcelor he discussed with President Jacques Chirac.

Lakshmi Mittal, the sole beneficiary of his company, believes that strict control over costs and maximum focus on profits. Therefore, in Poland, the Czech Republic and Ukraine, countries focused on social protection for employees, Mittal had already faced by workers in the factories they purchased.