Who Is Lakshmi Mittal? What Is ArcelorMittal?

Lakshmi N. Mittal is government chairman of ArcelorMittal, the world’s largest metal and mining producer. He beforehand served as chief government officer of ArcelorMittal. One of many world’s outstanding billionaires, Mittal is named a world businessman who serves on the boards of varied advisory councils, and as a philanthropist engaged within the fields of kids’s well being and schooling. Lakshmi Mittal is a citizen of India and resides in the UK.

Early Life and Training

Lakshmi Mittal was born in Sadulpur, India in 1950. He graduated from St. Xavier’s Faculty in Kolkata, India in 1970 the place he acquired a bachelor of commerce diploma. Having accomplished his schooling, Mittal started his profession in his household’s steelmaking enterprise in India earlier than establishing his personal metal firm in 1976.

Notable Accomplishments

In 1976, Lakshmi Mittal based a small firm in Indonesia that might finally grow to be ArcelorMittal with operations in 17 nations. Specializing in world consolidation, Mittal acquired and built-in metal firms globally. In 2004, the Mittal Metal Firm was shaped after merging its firms, Ispat Worldwide and LNM Holdings, and buying the U.S. Ohio-based Worldwide Metal Group, main Mittal Metal to regulate 40% of the marketplace for flat-rolled metal in America. In 2006, Mittal Metal merged with Arcelor to kind ArcelorMittal, presently the world’s largest metal producer.

Lakshmi Mittal has gained worldwide recognition as a pacesetter within the metal business. In 1996 he was awarded “Steelmaker of the 12 months” by New Metal in the USA and named Fortune journal’s “European Businessman of the 12 months” in 2004, and “Particular person of the 12 months” by the Monetary Occasions in 2006. In October 2010, Mittal acquired the World Metal Affiliation’s medal in recognition of his contribution to the sustainable growth of the worldwide metal business. In January 2013, Lakshmi Mittal was awarded a Physician Honoris Causa by the AGH College of Science and Expertise in Krakow, Poland.

Wealth and Philanthropy

Lakshmi Mittal is an lively philanthropist and has made important items to Harvard College, the place Mittal is a member of the International Advisory Council, and UNICEF to particularly tackle youngster malnutrition in India. The Mittal household has additionally contributed to the Nice Ormond Avenue Hospital in the UK, supporting the Mittal Kids’s Medical Centre which formally opened in January 2018.

Serving on advisory councils world wide, Lakshmi Mittal is a member of the Overseas Funding Council in Kazakhstan, the Nationwide Funding Council of Ukraine, the International CEO Council of the Chinese language Folks’s Affiliation for Friendship with Overseas International locations, the World Financial Discussion board’s Worldwide Enterprise Council, the World Metal Affiliation’s Govt Committee, the European Spherical Desk of Industrialists, the Indian Faculty of Enterprise and is a member of the Board of Trustees of Cleveland Clinic.

The Backside Line

Lakshmi Mittal based a small metal firm in Indonesia which grew to grow to be ArcelorMittal, the biggest metal manufacturing firm on the earth. Mittal is considered as a pacesetter within the metal business and is an lively member of enterprise and advisory councils world wide.