Mittal Story
- Submitted by: abbhi
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- Category: Politics: Economics
- Date Submitted: 05/27/2011 12:31 PM
- Pages: 4
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Laksmi Nivas Mittal
1. Lakshmi Nivas Mittal
* “ Always think outside the box and increase the opportunities that appear, wherever they might be”
2. Biography - Lakshmi Nivas Mittal
* Indian born British steel tycoon
* Born on June 15 th 1950 in Rajasthan
* Family moved to Kolkata from Rajasthan
* His father Mohanlal Mittal set up a small steel mill in Kolkata.
3.
* Finished his bachelors degree in business and accounting Mittal began his early career in his fathers steel firm in the early 70s
* In 1976 Mittal moved to Indonesia and acquired a steel plant ISPAT INDO.
* His success has largely been built on buying up loss making steel owned mills and quickly turning them around.
4.
* His wife Usha runs the Indonesian business and his son Aditya and daughter Vanisha are members of the board of directors of Mittal steel.
5. MITTAL STEEL
6. History of Mittal Steel
* Mittal Group got into steel industry in 1976 when M L Mittal left country because of India’s restrictive economic policies. He went to Indonesia to set up ISPAT INDO.
* Group started spreading its activities across the globe in 1989 when it acquired an ailing plant in Trinidad and Tobago which was revived.
7.
* 1994 group underwent partition of business interest in the family. All the foreign business were hived of into a separate group ISPAT International under the control of L N Mittal while Indian operations remained with his younger brothers P K Mittal and V K Mittal
8. Mittal Steel growth Timeline
* 1989 – Acquisition of Iron and Steel company of Trinidad and Tobago
* 1992 – Acquisition of Sibalsa
* 1994 - Acquisition of Sidbec dosco
* 1995 - Acquisition of Hamburger Stahlwerke, ISPAT International Ltd and ISPAT Shipping formed/ Acquisition of Karmet
* 1997 - ISPAT International goes public
* 1998 - Acquisition of Inland Steel Companies...
1. Lakshmi Nivas Mittal
* “ Always think outside the box and increase the opportunities that appear, wherever they might be”
2. Biography - Lakshmi Nivas Mittal
* Indian born British steel tycoon
* Born on June 15 th 1950 in Rajasthan
* Family moved to Kolkata from Rajasthan
* His father Mohanlal Mittal set up a small steel mill in Kolkata.
3.
* Finished his bachelors degree in business and accounting Mittal began his early career in his fathers steel firm in the early 70s
* In 1976 Mittal moved to Indonesia and acquired a steel plant ISPAT INDO.
* His success has largely been built on buying up loss making steel owned mills and quickly turning them around.
4.
* His wife Usha runs the Indonesian business and his son Aditya and daughter Vanisha are members of the board of directors of Mittal steel.
5. MITTAL STEEL
6. History of Mittal Steel
* Mittal Group got into steel industry in 1976 when M L Mittal left country because of India’s restrictive economic policies. He went to Indonesia to set up ISPAT INDO.
* Group started spreading its activities across the globe in 1989 when it acquired an ailing plant in Trinidad and Tobago which was revived.
7.
* 1994 group underwent partition of business interest in the family. All the foreign business were hived of into a separate group ISPAT International under the control of L N Mittal while Indian operations remained with his younger brothers P K Mittal and V K Mittal
8. Mittal Steel growth Timeline
* 1989 – Acquisition of Iron and Steel company of Trinidad and Tobago
* 1992 – Acquisition of Sibalsa
* 1994 - Acquisition of Sidbec dosco
* 1995 - Acquisition of Hamburger Stahlwerke, ISPAT International Ltd and ISPAT Shipping formed/ Acquisition of Karmet
* 1997 - ISPAT International goes public
* 1998 - Acquisition of Inland Steel Companies...