The steel tycoon, Laxmi Narayan Mitttal is a London
based industrialist and a Forbes 100 billionaire. He is the richest
Indian in the world and one of the richest persons in Britain. Such is
the charisma of Mittal that his company is all set to become the world's
largest producer of steel. Mittal holds steel assets in South Africa,
Poland, Indonesia, and Kazakhstan.
Why Is He Famous?
The foreign operations of the family business were passed on to Laxmi
Narayan Mittal at an early age. Starting from Ispat Indo in Indonesia,
Mittal has become the steel king of the world. By his vision and hard
work, Mittal has built the moderate business of his family into a global
steel giant, which spans across many countries. The companies of the LNM
Ispat group include Ispat international NV, Ispat Karmet and Indo Ispat.
From the core business of steel manufacturing, his group is now
diversifying into shipping, coal, power and oil enterprises. The most
fascinating thing about this man is that he is said to have a knack of
buying sick and rusted steel companies and turning them into gold!
Experts say that his capability to quote the cost of these sick
companies make him winner all the way. It is no mean achievement that
when the global steel industry is in its worst recession phase, Mittal's
steel plants are churning huge profits! His zeal and fierceness for
acquiring sick and closed steel plants is so intense that many times he
has to jet from one country to another, in quick succession, to sign
another takeover deal. It is no surprise that he turns all of them into
gold. That's why the old saying, fortune favors the brave, applies to
him in its entirety. Mittal, now owns 12 giant-sized steel plants that
are part of a far-flung empire stretching from Canada to Trinidad &
Tobago to Kazakhstan and Indonesia.
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Indians Abroad |
