1. Submited to.Prof.Puspendu rakshitSubmited by.Rahul l
pandeyDate :27/08/2014
2. Indian born British steel tycoonBorn on 15th June 1950 at
Sadualpur,District RajasthanThe family later moved to Kolkata
fromRajasthanHis father Mr. Mohan Lal set up a smallsteel mill in
Kolkata 3. Mr. laxmi niwas mittal belong to a poorfimalyThe
extended family of 20 lived on bareconcrete floorsSlept on rope
beds Cooked on an open fireon the backyard in a house of
hisgrandfather.Finished his bachelor degree in commerceand began
his early career in his fathersteel mill in the early 70s 4. He
split from his father and two youngerbrothers and took the
international armRest of the family keep stick with thedomestic
business 5. In 1976 Mittal moved to Indonesia and acquireda steel
plant ISPAT INDOGroup started spreading its activities across
theglobe in 1989 when it acquired an ailing plant inTrinidad and
Tobago which was revivedHis success has largely been built on
buying uploss making steel mills and quickly turning theminto
profit 6. 1989: Acquisition of Iron & Steel Company ofTrinidad
& Tobago1992: Acquisition of Sibalsa1994: Acquisition of
Sidbec-Dosco1995:Acquisition of Hamburger Stahlwerke >Ispat
International Ltd. and Ispat Shippingformed > Acquisition of
Karmet1998: Acquisition of Inland Steel Company1999:Acquisition of
Unimtal 7. 2001:Acquisition of ALFASID > Acquisition
ofSidex2002: Business assistance agreement signedwith
Iscor2003:Acquisition of Nova Hut2004:Acquisition of Polski Huty
Stali >Acquisition of BH Steel > Acquisition ofMacedonian
facilities from Balkan Steel >Creation of Mittal Steel and
proposed acquisitionof International Steel 8. Arcelor Mittal is now
the largest steel companyin the world.Arcelor Mittal is the leader
in a major globalmarkets, including automotive,
construction,household appliances & packaging.The company is
headquartered in southernLuxemburg City, the former seat of
ArcelorLakshmi Mittal (Co-owner of Mittal Steel), a
non-residentIndian is a chairman and CEO. 9. Arcelor Mittal by
financials for 2007 showrevenue of US $105.2 billionIt employs
310,000 employees in more than 60countriesA crude steel production
of 116 million tones,representing around 10% of world steel
outputAs of 17th May 2008, the market capitalization ofArcelor
Mittal was $144.37 billion 10. Current Status Worlds largest and
most globalsteel company with the shipment of 49.2 milliontones and
revenue of over $28.1 billion in 2005and net income of $3.4
billionNo. 1 high quality steel producer with crudesteel capacity
with more than 70 million tonesper annum Own steel making
facilities in 16countries spanning 4 continents Employs2,24,000
people spanning 49 differentnationalities 11. His wife run the
indonesia businessHis son Aditya and daughter vanisha arethe
members of the board of directors ofMittal steel 12. Outstanding
visionHardworkingConvincing,motivating and
guidingEnthusiasticCapacity to lead Bravery 13. In 1996 he was
awarded as a Steelmaker ofthe year by New Steel in the USAIn 1998
he received The Willy Korf Steel VisionAwardMittal was awarded as
an EuropeanBusinessman of the Year in 2004by fortunemagazineIn
March 2005, Forbes named him the ThirdRichest Man in the World and
the richest non-American with the wealth of $25 billion 14. L N
Mittal is a memberThe International Investment Council in South
AfricaThe foreign Investment Council in KazakhstanThe International
Iron & Steel Institution ExecutiveCommitteeThe World Economic
Forums International BusinessCouncilL N Mittal is on the advisory
board of the kelloggSchool of the Management in the USA 15. Mittal
Steel believes that business shouldplay a major role in supporting
thesocieties in which they operates.In this sense of social
responsibility Mittalsteels provide their kind support
to:KazakhstanSouth africaUSAAlgeriaindia 16. Mittal Steel South
Africa has donated over$177 million to community
developmentprojectsCompanys latest project to sponsor SouthAfrica
National Science OlymbiadsMittal Steel sponsorship is valid at
$1.5million 17. Robust set of safety standards to
reduceaccidentsMittal Steel Operates in E-Room As perMittal safe
business is a good business 18. Sponsorship & support to
football,basketball & other sportsSporting beneficiaries are
CzechRepublic, Romania & Algeria Sporting linkwith West Indies
19. Community Main provider of electricity Urban development
projectin Kaeaganda Mittal steel acquired Termiratau in
1995Constructed modern facilities for the Karaganda
MetallurgicalInstituteIn Algeria Company gave $100,000 aid$242,000
corporate contribution in 2005 Management &Employees equally
moved by devastation when hurricane KatrinaInflictedThis raised
more than $500,000 for red cross 20. The steel industry has always
been fragmented. The steel industryneeds to be consolidated, Mittal
said in a television interview onCNN.Steel maker across asia are
putting defensive measure in place toprevent being swallowed by
Arcelor mittalMittal is combining with Luxembourg-based Arcelor SA
in a $38.3billion transaction to create a company pouring a 10th of
the worldsteel.India is a very important milestone for us to remain
the biggestcompany in the global steel industry. 21. Mittal is
transactional leaders who guides and motivateshis followers in the
direction of establishing goal byclarifying role and task
requirementThe leader in mittal a great individual a corporate
leaderin business started the trend of merger around theworld a
caring family man a complete human beingThis is not about creating
a giant. It's about creating thesustainability of the steel
industry. Lakshmi Niwas Mittal
