Business News:The ordinary Indian working in a steel mill at one time owns assets worth more than Rs 1.5 lakh crore.Let us know inspiring story of Lakshmi Mittals.
Simple start to global stage
Born on 15 June 1950 in a small village like Sadulpur, Rajasthan, Lakshmi Niwas Mittal gave his dreams so high that today his name is taken among the world's biggest steel traders. ". He studied commerce from St. Zewear College, Kolkata and started sharing the family's small steel business.
Global journey started from Indonesia
In 1976, Lakshmi Mittal started the first steel factory in Indonesia. The government policies and cheap labor there gave them a chance to produce at a low cost. It was from here that his international expansion started.
Bloom
Lakshmi Mittal has been the specialty - buying loss -making steel companies cheaply and turning them into profits. He acquired many such companies in Kazakhstan, Trinidad, Mexico, Canada and America.
Arceler Mittal's Rise
In 2006, he acquired Europe's largest steel company 'Arcelor', which led to the birth of 'Arcelor Mittal'."The acquisition marked the largest steel merger in the world at the time, establishing Mittal as a dominant force in the global steel industry."
Today's situation
By 2025, the total assets of Lakshmi Mittal have been estimated at around Rs 1.5 lakh crore (about 18 billion dollars). Arcelor Mittal is still the largest steel producing company in the world, whose factories are in many countries of the world.
Honor and identity in the world
Laxmi Mittal has received several international awards for her contribution. He has topped the Britain's 'Rich List' several times and is a member of several global forums including the World Economic Forum.
Example of inspiration
Lakshmi tells the story of Mittal that if the goal is clear and hard work honest, then any person can reach the peak from zero. His life is an ideal inspiration for today's younger generation.
