Lakshmi Mittal, an icon in the steel industry, is a visionary industrialist whose ascent from modest origins to global eminence is truly extraordinary. As the chairman of ArcelorMittal, the world’s leading steel and mining corporation by output, his leadership has reshaped the industry. While previously serving as the company’s CEO, in 2021, he delegated the role to his son, Aditya Mittal. Renowned as one of the world’s foremost billionaires, Lakshmi Mittal is equally recognized for his philanthropic endeavors, particularly in the areas of children’s health and education.
Born into a modest family in 1950 in Sadulpur, Rajasthan, Lakshmi Mittal was acquainted with the steel industry from an early age, as his father operated a small steel business. Educated at St. Xavier’s College in Kolkata, Mittal gained firsthand experience by working in the mill. Fueled by ambition and foresight, he ventured to Indonesia in 1976 to establish his own steel company.
With unwavering determination, Mittal expanded his steel empire globally, acquiring struggling steel plants and transforming them into prosperous enterprises. His most significant achievement occurred in 2006 when he orchestrated the merger of his company, Mittal Steel, with Arcelor, forming ArcelorMittal, the world’s largest steel producer with a revenue of $68 billion.
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