Steel King Laxmi Niwas Mittal

The merger of two largest steel manufacturing groups naturally raised expectations of new industrial records which were not behind. Take a look at the business done by post-merger Arcelor Mittal.❑ In 2008 L.N. Mittal earned share profif of 925.5 million. This was given a profit of $ 0.375 per share. L.N. Mittal has 623.62 million […]

In 2007 Laxmi Niwas Mittal the acknowledged global king of Steel Industry paid a visit to his native village Sadulpur accompanied by his family. Fifty two years ago Laxmi Niwas had left this village as a five year old kid and now he had returned after becoming an industrial king. It was a great event

Mittal and Bhatia families had known each other even before Vanisha and Amit love blossomed. The families were known to each other when L.N. Mittal had been living in India. Aditya, Amit and Vanisha had been together and grown up alongside one another for all those teenage years.Amit is the son of Arun Bhatia a

About the division of Mittal family it is said it was not division of business assests but geographical division. L.N. Mittal decided to operate abroad while his younger brothers were left to carry on the inland business. But Promod Mittal broke this tacit agreement and went global. Then L.N. just said, in the business world

One of the most controversial business deals ever—the acquisition of Arcelor Steel by Mittal Steel led to the creation of Arcelor-Mittal, the largest steel maker in the world.Mittal Steel: The largest producer of steel in terms of volume. Despite the fact that Mittal steel is based in Netherlands, it is perceived that the company is

There was a long drawn out battle for acquisition or merger between Mittal Steel and European giant Arcelor. It was perhaps the most rabble rousing industrial controversy of the recent times. It raised passions. Some parties betrayed their ugly racial attitudes. There were frayed tempers and words below dignity uttered or plainly abusive language used.

1976 ‘Steel International’ set up. Steel rolling mill with 65,000 tonnes per year capacity started in Indonesia.1989 First acquisition of sick steel in Trinidad.1992 Acquisition of Silbasa Steel Plant of Mexico.1994 Acquisition of Sidbech Dosco, Canada.1995 Setting up of Steel Hamburger (Germany) Steel International Shipping. Acquistion of Steel Cormet in Kazakhstan.1996 Coal mine and power

The very early years Laxmi Mittal spent on the sand dunes of Rajasthan. As a five year old he went to Kolkata to live with his father, do his schooling and college level education. Alongside college education he gained practical knowledge of steel works. Then, as a steel business professional he showed his learning capacity,

People of Rajasthan have greatest value for water, the scarest commodity of their homeland. They treasure water like precious item. A waterloss area is unproductive being inhospitable for vegetation forest, agriculture, industry and that dried up the scope of business and trade. The money becomes a rarest thing. So, a Rajasthani hangs on to every

Aditya Mittal was born in 1976 when the family was debating whether to expand in India or spread wings in foreign lands. In the case of Mittals destiny was clearly playing a role. When Laxmi Niwas was born his father Mohanlal got a sudden break to break into the steel making business that decided the

In 1995 when Mittals divided their business into the brothers it was felt that Laxmi Niwas Mittal was on the losing side. But later Laxmi showed it did not matter what one got but the important point was what he made of whatever he got. A man is builder of his own fortune or destiny.

Before gathering momentum and rhythm every machine making unpleasant jarring noises, similarly is the start of an industrial venture that gets dogged by errors, slips, ommisions, snags and glitches. When Laxmi Mittal joined steel works he was talented but lacked maturity and polish. He needed tips and guidance from his father. As time passed Laxmi

In a traditional society like ours it is important to know the history of the family and its background. The family values and traditions shape up a person and create a mindset. Mittals originated from the same Shekhavati area of Rajasthan that gave India the Birla’s, Khaitans, Bajajs, Kanodias etc. Before the advent of British