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MarketScreener Homepage  >  News  >  Business Leaders  >  Business Leaders Biography

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Portrait de Lakshmi Mittal
Birthday : 06/19/1950
Place of birth : Rajasthan - India
Public asset : 3,561,450 USD
Country of residence : United Kingdom
Linked companies : ArcelorMittal SA - Goldman Sachs Group Inc - Aperam SA

Summary 
Founder of Mittal Steel Co. NV, Lakshmi Niwas Mittal is an Indian businessperson who has been at the head of 8 different companies and currently occupies the position of Chairman & Chief Executive Officer for ArcelorMittal SA, Chairman & Chief Executive Officer of ArcelorMittal (Private Equity) and Chief Executive Officer of ArcelorMittal Brasil SA (both are subsidiaries of ArcelorMittal SA), Chairman of Aperam SA and Chairman-Governing Council at LNM Institute of Information Technology.

He is also Member of European Round Table of Industrialists, Member-International Business Council at Forum Mondial de L'Economie, Member-Governing Board at St. Xavier's College (West Bengal), Member of International Investment Council, Member of Kazakhstan Foreign Investors Council Association, Member-Executive Board at Indian School of Business and Chief Executive Officer-Council at Chinese People’S Association For Friendship With Foreign Count and on the board of 10 other companies.

Lakshmi Niwas Mittal previously occupied the position of Member of The Business Council, Chairman & Chief Executive Officer of ArcelorMittal NV, Chief Executive Officer at Mittal Steel Co. NV and President for Ispat Inland, Inc.

He received an undergraduate degree from St. Xavier's College (West Bengal).


Current positions of Lakshmi Mittal 
NameTitle Since
ArcelorMittal SA
(Steel)
Chairman & Chief Executive Officer 2006
Goldman Sachs Group Inc
(Investment Banking & Brokerage Services)
Independent Director 2008
Aperam SA
(Steel)
Chairman 2010
ArcelorMittal Brasil SA Chief Executive Officer -
ArcelorMittal (Private Equity) Chairman & Chief Executive Officer -
World Steel Association Director -
The Cleveland Clinic Foundation Trustee -
Gita Mittal Foundation Trustee -
The Mittal Champions Trust Trustee -
Lakshmi & Usha Mittal Foundation Trustee -
Arcelormittal Foundation Member-Governors Board -
Gita-Mohan Mittal Foundation Trustee -
Mittal Childrens Foundation Trustee -
Cleveland Clinic Trustee -
St. Xavier's College (West Bengal) Member-Governing Board -
Forum Mondial de L'Economie Member-International Business Council -
European Round Table of Industrialists Member -
Indian School of Business Member-Executive Board -
International Investment Council Member -
Kazakhstan Foreign Investors Council Association Member -
LNM Institute of Information Technology Chairman-Governing Council -
Chinese People’S Association For Friendship With Foreign Count Chief Executive Officer-Council -


Holdings of Lakshmi Mittal 
NameEquities%Valuation
Goldman Sachs Group (GS)
Investment Banking & Brokerage Services
15,0000.0040%3,561,450 USD


Lakshmi Mittal : Personal Network 


Biography of Lakshmi Mittal 
Lakshmi Niwas Mittal ; born 2 September 1950) is an Indian steel magnate. He is the chairman and CEO of ArcelorMittal, the world’s largest steelmaking company. Mittal owns 38% of ArcelorMittal and holds a 34% stake in Queens Park Rangers F.C..

In 2007, Mittal was the richest man of Asian descent in the United Kingdom. Despite being the eighth wealthiest man in Britain in 2002, he does not hold British citizenship. He was ranked the sixth richest person in the world by Forbes in 2011, but dropped to 21st place in 2012, due to having lost $10.4 billion the previous year. His daughter Vanisha Mittal's wedding was the second most expensive in recorded history.

Mittal has been a member of the board of directors of Goldman Sachs since 2008, and is also member of the board of directors of the European Aeronautic Defence and Space Company. He sits on the World Steel Association's executive committee, and is a member of the Indian Prime Minister’s Global Advisory Council,

Early life and career
Mittal studied at Shri Daulatram Nopany Vidyalaya from 1957 to 1964. He graduated from St. Xavier's College, Calcutta, with a B.Com degree from the University of Calcutta. His father, Mohan Lal Mittal, ran a steel business, Nippon Denro Ispat. In 1976, due to the curb of steel production by Indian government, the 26 year old Mittal opened his first steel factory PT Ispat Indo in Sidoarjo, East Java, Indonesia. Until the 1990s, the family's main assets in India were a cold-rolling mill for sheet steels in Nagpur and an alloy steels plant near Pune. Today, the family business, including a large integrated steel plant near Mumbai, is run by Pramod and Vinod, but Lakshmi has no connection with it.

Philanthropy
Sports
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 $9 million to support 10 Indian athletes with world-beating potential. In 2008, Mittal awarded Abhinav Bindra with Rs. 1.5 Crore (Rs. 15 million), for getting India its first individual Olympic gold medal in shooting. Arcelor Mittal Also financed the construction of [Orbit] for 2012 Summer Olympics.CN|date=March 2014
Source @ Wikipedia


Anecdotes
Lakshmi has a sumptuous residence in Kensington, which has been decorated with marble from the same quarries than the Taj Mahal. The British have called it “the Taj Mittal”.

In 2004, he offered his daughter’s wedding. The ceremony took place in France, in Vaux-le-Vicompte and in Versailles. It was one of the most expensive weddings (55 million euros).
Citations
"We are not in the business of iron ore. Whatever captive iron ore sources we have, we use it to make steel."


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Lakshmi Mittal : Connections 
Forum Mondial de L'Economie
Brasserie Nationale SA
Lafarge Ciments
Luxembourg Red Cross
The Brookings Institution
Young Presidents' Organization (India)
The Law Society of Upper Canada
ArcelorMittal Dofasco GP
The Wharton School of the University of Pennsylvania
Luxembourg for Business GIE
Valin ArcelorMittal Automotive Steel Co., Ltd.
HPCL-Mittal Energy Ltd.
École des Hautes Études Commerciales de Paris
Association Française des Entreprises Privées


Latest news about Lakshmi Mittal 
05/11ARCELORMITTAL : gives bullish outlook after earnings beat
RE
05/11LAKSHMI MITTAL : ArcelorMittal 1Q Profit Supported by Strong Steel Prices
DJ
04/02LAKSHMI MITTAL : ArcelorMittal, Vedanta, VTB-JSW partnership among India Essar Steel suitors
RE
03/05LAKSHMI MITTAL : ArcelorMittal Names Aditya Mittal as President
DJ
03/02LAKSHMI MITTAL : ArcelorMittal teams up with Nippon Steel to bid for India's Essar Steel
RE
01/31LAKSHMI MITTAL : ArcelorMittal 4Q Net Profit More Than Doubles
DJ
2017LAKSHMI MITTAL : ArcelorMittal's $1 billion India joint venture to get green light next week - sources
RE
More news


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