Laxmi Mittal

Born: June 15, 1950 Achievement: Worlds largest make maker and the tierce richest man in the mankind. Lakshmi Mittal has be cum something of a cult protrude in the global steel industry. His company Mittal Steel is the largest steel maker in the world. After the recent merger between Mittal Steel and Arcelor which raged a big debate throughout the Europe, Laxmi Mittal accredited controls 10% of the total steel production and the combined entity that has come into force post-merger is three times the size of its nearest competitors. Lakshmi Niwas Mittal was natural on June 15, 1950 at Sadulpur, in Churu district of Rajasthan, in a poor family. The extended family of 20 lived on bare concrete floors, slept on rope beds and cooked on an open fire in the brickyard in a house built by his grandfather. Laxmi Mittal belongs to Marwari Aggarwal caste and his grandfather worked for the Tarachand Ghanshyam Das firm, one of the leading Marwari industrial firms of pre-independence India. The family later on moved to Kolkata where his father Mohan Mittal became a fellow in a steel company. Lakshmi Mittal graduated from St. Xaviers in Kolkata with a commerce degree in 1969. He began his career running(a) in the familys steelmaking business in India and in 1976, Lakshmi Mittal founded Mittal Steel Company.

He split from his father and two younger brothers in 1994 and took the supranational arm, with interests in Indonesia and Trinidad and Tobago, while the rest of the family kept the domestic Indian business. In the last few years Mittal Steel has do a number of acquisitions, buying up a mesh of steel producers in former communist countries including Kazakhstan, Romania and Ukraine, and pushing into the U.S. in 2004 with the $4.5 billion purchase of International Steel Group. Today, Mittal Steel is the besides truly global steel producer in the world with operations on 14 countries, spanning 4 continents. Lakshmi Mittal is also cognise for his opulence. In 2003, he acquired... If you want to get a enough essay, order it on our website: Orderessay

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