Laxmi Nivas Mittal
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Lakshmi Mittal is an Indian-born British businessman who is the chairman and CEO of ArcelorMittal, the world's largest steelmaking company. The presentation discusses Mittal's background growing up in India and taking over his family's small steel business, his expansion of the business through acquisitions across Europe and worldwide, and the 2006 merger between Mittal Steel and Arcelor to form ArcelorMittal, making Mittal the largest steel producer in the world. The presentation provides details on ArcelorMittal's global operations, production levels, workforce size, and Mittal's achievements and recognition as a leading businessman.
Laxmi Nivas Mittal
- 1. A Presentation on Lakshmi Mittal “ STEEL KING ” Chairman and Founder of Arcelor-Mittal Steel Group of Companies Saraswati Institute of Engineering & Technology, Hapur 1
- 2. RESULT Flow of Presentation Biography & Family Back Ground Business Idea and Start-up Business Strategies and Policies Awards and Achievements Present Status of Lakshmi Mittal Massage of His LIFE. Saraswati Institute of Engineering & Technology, Hapur 2
- 3. Biography & Family Back Ground Indian born British steel tycoon. Born on 15th June 1950 in Rajasthan, Sadulpur Village. Family moved to Kolkata from Rajasthan. He graduated at the top from St. Xavier's College in Calcutta (Now known as Kolkata) with a Bachelor of Commerce degree (B. Com.) in Business and Accounting in 1969. His father Mohanlal Mittal set up a small steel mill in Kolkata. Began his career working in the family's steelmaking business in India, and in 1976. He married with Usha. In 1994, he branched out on his own due to differences with his father - with his uncles. Saraswati Institute of Engineering & Technology, Hapur 3
- 4. Business Idea and Start-up .His vision and hard work, Mittal pioneered the development of integrated mini-mills and the use of Direct Reduced Iron or “DRI” as a scrap substitute for steelmaking and led the consolidation process of the global steel industry. Between 2001 and 2004 takeover of plants in Romania, the Czech Republic and Poland followed. In 2004 Mittal Steel became the largest steelmaker in the world, with shipments of 42.1 million tons of steel and profits of over USD 22 billion. In February 2005, he got his big-ticket entry into the lucrative European market. In June 2005, acquired the massive 5 million ton Kazakh steel plant, Karmet from the government of Kazakhstan Saraswati Institute of Engineering & Technology, Hapur 4
- 5. Continue…. The year 2005 saw a tug of war between Mittal and Arcelor. Mittal beat Arcelor to the 4.8 billion dollar deal. Less than three months later, Mittal launched his takeover bid of Arcelor. And at that time he became the world's largest steel producer at 150 million tonnes steel in 2006 year. Ukraine's government gave him owner as a ‘Sultan of steel’. Saraswati Institute of Engineering & Technology, Hapur 5
- 6. Continue…. Arcelor Mittal Deal Mittal beat Arcelor to the 4.8 billion dollar deal World’s two largest steel makers was merged and the new company will account for 10% of global production. Saraswati Institute of Engineering & Technology, Hapur 6
- 7. Introduction Arcelor-Mittal Empire Head Quartered in Netherland The world’s largest steel producing company Global presence in 18 countries with 260,000 workforce Highest revenue in the industry Tremendous acquisition momentum Product versatility in every segment Today the world's largest steel producer at 150 million tonnes steel in a year. Saraswati Institute of Engineering & Technology, Hapur 7
- 8. Hierarchy of ARCELOR-MITTAL STEEL COMPANY Saraswati Institute of Engineering & Technology, Hapur ` 8
- 9. 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 (Steel Exports in Different countries) Saraswati Institute of Engineering & Technology, Hapur 9 0 USA Mexico South Africa Romania Poland Germany Kazakstan Canada Czech Trinidad Ukrain Algeria Others Steel (Tons) Countries Arcelor-Mittal Steel Company
- 10. 10 Arcelor-Mittal Steel Company (INDIAN Scenario) Saraswati Institute of Engineering & Technology, Hapur
- 11. Saraswati Institute of Engineering & Technology, Hapur (Global Presence) Ukraine Italy 11 Canada Mexico Cuba France Germany Romania South Africa Macedonia Poland Algeria HQ Arcelor-Mittal Steel Company USA Czech Republic Bosnia Kazakhstan Brazil HQ = Netherland
- 12. Years 2009 2010 2011 2012 2013 Americas 11.2 10.4 9.7 24.3 35.6 Europe 4.7 41.8 79.3 128.2 130.4 Asia & Africa 64.3 64.1 75.4 71.8 90.8 Total 80.2 116.3 164.4 224.3 256.8 (Numbers of Employees in Thousands) Saraswati Institute of Engineering & Technology, Hapur 12 14% 51% 35% 2003 2004 2006 2007 2008 (Employees by Global Regions) Arcelor-Mittal Steel Company
- 13. Awards and Achievements 2008 “Padma Vibhushan”, Second Highest Indian Civilian Honor 2007 “Asian Business Award”, Middle East 2007 Bessemer Gold Medal, Institute of Materials, Minerals & Mining 2006 “Person of the Year” – Financial Times 2004 “European Businessman of the Year” – Fortune Magazine 1998 “Willy Korf Steel Vision Award” – American Metal Market & Paine Saraswati Institute of Engineering & Technology, Hapur 13 Weber’s World Steel Dynamics 1996 “Steel maker of the Year” – New Steel Organization, USA
- 14. Present Status of Lakshmi Mittal 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 Saraswati Institute of Engineering & Technology, Hapur 14 more than 70 million tons per annum. Own steel making facilities in 16 countries spanning 4 continents. Employs 224000 people spanning 49 different nationalities.
- 15. Saraswati Institute of Engineering & Technology, Hapur 15 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
- 16. Saraswati Institute of Engineering & Technology, Hapur 16 Qualities and Distinctiveness of Lakshmi Mittal Hard working Outstanding vision Convincing, Motivating and guiding Capacity to lead Bravery Last but not Least…….. A caring family man…..!!
- 17. 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 “Summer Palace”