Presented By

Ajay Kumar Gupta

PGDM (2008-10)
 LAKSHMI NIVAS MITTAL

“Always think outside the box and increase

the opportunities that appear, wherever
they might be”
WHY LAKSHMI NIVAS MITTAL ?
BIOGRAPHY - LAKSHMI NIVAS MITTAL

 Indian born British steel tycoon

 Born on June 15th 1950 in Rajasthan

 Family moved to Kolkata from Rajasthan

 His father Mohanlal Mittal set up a small steel mill in

Kolkata.
 Finished his bachelors degree in business and
accounting Mittal began his early career in his
fathers steel firm in the early 70s

 In1976 Mittal moved to Indonesia and acquired a

steel plant ISPAT INDO.

 Hissuccess has largely been built on buying up loss

making steel owned mills and quickly turning them
around.
• His wife Usha runs the Indonesian business
and his son Aditya and daughter Vanisha are
members of the board of directors of Mittal
steel.
MITTAL STEEL
 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
 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
ACQUISITIONS
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
 1999 - Acquisition of Unimetal
 2001 - Acquisition of ALFASID/Acquisition of Sidex
 2002 - Business assistance agreement signed with ISCOR
 MITTAL STEEL GROWTH TIMELINE

 2003 - Acquisition of NOVA HUT

 2004 - Acquisition of Polski Huty State/ Acquisition of B H

Steel / Acquisition of Macdenonia Facilities from Balkan Steel

/ Creation of Mittal Steel and Proposed Acquisition of
International Steel
 2005 - Acquisition of Stake in Hunan Valin / ISG Acquisition

completed / Mittal Steel Europe created / Mittal steel makes

Fortune 500 / MDA with Liberian Government / Acquisition
of Kryvorizhstal / Acquisition of Stelco subsidiaries
 2006 - Merger with Arcelor
CURRENT STATUS

 World’s largest and most global steel company with shipment of

49.2 million tones and revenue of over $28.1 billion in 2005 and net
income of $3.4 billion
 No. 1 high quality steel producer with crude steel capacity with more
than 70 million tons per annum
 Own steel making facilities in 16 countries spanning 4 continents
 Employs 224000 people spanning 49 different nationalities
QUALITIES AND DISTINCTIVENESS

 Hard working
 Outstanding vision

 Convincing, Motivating and guiding

 Zeal and fierceness

 Capacity to lead

 Bravery
 AWARDS
 Mittalwas awarded Fortune magazines
“European Businessman of the Year
2004”

 Previously, he was awarded “Steelmaker

of the Year” in 1996 by New Steel in the
USA

 The “Willy Korf Steel Vision Award” in

June 1998

 In March 2005, Forbes named him the

third richest man in the world and the
richest non-American, with a wealth of
$25 billion.
 L N Mittal is a member of
• The Foreign Investment Council in Kazakhstan,
• The International Investment Council in South Africa,
• The World Economic Forum’s International Business Council
and
• The International Iron and Steel Institute’s Executive
Committee.

L N Mittal is on the advisory board of the Kellogg School

Of Management in the US
 CORPORATE SOCIAL RESPONSIBILITY
Mittal Steel believes that businesses should play a major role
in supporting the communities in which they operate.
Operations by Mittal Steel in the sense of social
responsibility kind of support to:
 Kazakhstan
 South Africa
 USA
 Algeria
 India
 EDUCATION

• Mittal Steel South Africa has donated over

$177mn to community development projects
• Company’s latest project to sponsor South Africa
national science Olympiads
• Mittal Steel sponsorship is valued at $1.5mn
 HEALTH AND SAFETY

• Robust set of safety standards to reduce

accidents.
• Mittal Steel operates an E-Room.
• Safe business is a good business.
 SPORTS

 Sponsorship &support to football , basketball &

other sports.

 Sporting beneficiaries are Czech Republic,

Romania & Algeria.

• Sporting link with west Indies

 COMMUNITY

 Main provider of electricity.

 Urban development project in Karaganda Mittal Steel acquired
Termiratau in 1995.
 Constructed modern facilities for the Karaganda Metallurgical
institute.
 In Algeria Company gave $100,000 aid.
 $242,000 Corporate contribution in 2005.
 Management & Employees equally moved by devastation when
hurricane Katrina inflicted.
 This raised more then $500,000 for red cross.
 “The steel industry has always been
fragmented. The steel industry needs
to be consolidated,'' Mittal said in a
television interview on CNN.

 Steelmakers across Asia are putting

defensive measures in place to prevent
being swallowed by Arcelor Mittal.
Mittal is combining with
Luxembourg-based Arcelor SA in a
$38.3 billion transaction to create a
company pouring a 10th of the world's
steel.

 ``We are focusing on India and

China,'' Mittal said July 7 in
Bhubaneswar, India. ``India is a very
important milestone for us to remain
the biggest company in the global
steel industry.''
 LEADERSHIP STYLE
A transactional leader:
Mittal is a transactional
leader who guides and
motivates his followers in
the direction of established
goals by clarifying role and
task requirements.
The Leader in Mittal-
 A great individual

 A corporate leader in

business
 Started the trend of

mergers around the

world
 A caring family man

 A complete human being

“ This is not about
creating a giant ….its
about creating the
sustainability of the
steel industry..”
-Lakshmi Niwas
Mittal
 Contact Address :
Lakshmi Mittal
Summer Palace
The Bishops Avenue
Hampstead Garden
Suburb London
N2 OAB Great Britain
Phone : 0171 629 7988
Website :
www.mittalsteel.com