13 Motivational Quotes By Lakshmi Mittal The Man Who Is Known As The Doctor Of Sick Steel Companies Will Give Wings To Your Dreams.
Lakshmi 'Arcelor' Mittal is the unrivalled king of the steel industry. Starting from modest family business he went on to create the world's largest steel manufacturing company. In here we list some interesting and lesser known facts about the baron of steel industry.
After graduating from St. Xavier's in Kolkatta, Mittal joined the family owned steel company. He soon expanded the business to foreign shores thus Mittal International was established in Indonesia.
From there he went to Trinidad and Tobago, followed by Mexico, Romania and Ukraine. Instead of building manufacturing units from scratch, Mittal began purchasing struggling mills and worked his magic to turn them into profit-making ventures.
He then parted ways with his family and took charge of the foreign arm of the business. The Karmet Steel works acquisition was a major turning point in the history of Mittal Steel as it enabled the company to develop business relationship with China which was about to witness a boom in steel demand owing to the Beijing Olympics.
In 2004 Mittal Steel became the largest manufacturer of steel with profits of over $22 billion. The company adheres to Corporate Social Responsibility and ensures the product from their units is sustainable and environment friendly. Mittal also is a well-known philanthropist.