Lakshmi N. Mittal

Founder at ArcelorMittal SA

Lakshmi N. Mittal

Lakshmi N. Mittal

Founder at ArcelorMittal SA

Overview
Career Highlights

Ispat Inland, Inc.
Marymount Hospital, Inc.
ArcelorMittal International SA

RelSci Relationships

3488

Number of Boards

5

Birthday

06/1951 - Rajasthan

Age

70

Number of Awards

26

Estimated Net Worth

$16.4B

Relationships
RelSci Relationships are individuals Lakshmi N. Mittal likely has professional access to. A relationship does not necessarily indicate a personal connection.

Founder & Partner at Swordfish Investments LLP

Relationship likelihood: Strong

Chief Executive Officer at ArcelorMittal SA

Relationship likelihood: Strong

Chief Financial Officer at Arbed Group

Relationship likelihood: Strong

Vice President, Investor Relations at Premcor USA, Inc.

Relationship likelihood: Strong

Chief Executive Officer at Talgo SA

Relationship likelihood: Strong

Head, Research & Development at Cleveland-Cliffs Steel LLC

Relationship likelihood: Strong

Former Chief Executive Officer at The Goldman Sachs Group, Inc.

Relationship likelihood: Strong

Principal at Carbon Arc Capital Investments, Inc.

Relationship likelihood: Strong

Vice President-Chief Executive Officer Flat Carbon South America at ArcelorMittal SA

Relationship likelihood: Strong

Chief Financial Officer at Goldman Sachs & Co. LLC

Relationship likelihood: Strong

Paths to Lakshmi N. Mittal
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Lakshmi N. Mittal
Founder at ArcelorMittal SA
Family Members
Sibling
Sibling

Ispat Industries Limited (IIL) is one of the leading integrated steel makers and the largest private sector producer of hot rolled coils in India. Set up as Nippon Denro Ispat Limited in May 1984 by founding chairman Mr M L Mittal, IIL has steadily grown into a Rs 9,400-crore company, assuming its position as flagship of the reputed Ispat Group. A corporate powerhouse with operations in iron, steel, mining, energy and infrastructure, the Group today figures among the top 20 business houses in the country. Headquartered at Mumbai, IIL employs a total of 3000 people and is the leader in the national speciality steel market. The company's core competency is the production of high quality steel, for which it employs cutting edge technologies and stringent quality standards. It produces world-class sponge iron, galvanized sheets and cold rolled coils, in addition to hot rolled coils, through its two state-of-the art integrated steel plants, located at Dolvi and Kalmeshwar in the state of Maharashtra. The sprawling 1,200 acres Dolvi complex houses the 3 million tonne per annum hot rolled coils plant, that combines the latest technologies - the Conarc process for steel making and the compact strip process (CSP) - introduced for the first time in Asia. The complex also has a 1.6 million tonne per annum sponge iron (DRI) plant, which was commissioned in 1994 as the world's largest and most efficient gas-based single mega module plant. Moreover, the Dolvi complex is home to a 2 million tonne blast furnace and also boasts a mechanised multi-functional jetty situated nearby, that facilitates the automation of raw material handling. A new 2.24 million tonnes per annum sinter plant, a 1260 tonnes per day oxygen and a new electric arc furnace have also been commissioned at IIL Dolvi. Ispat is the only steel maker in India and among a few in the world to have total flexibility in choice of steel making route, be it the conventional blast furnace route or the electric arc furnace route. Its dual technology allows Ispat the freedom to choose its raw material feed, be it pig iron, sponge iron, iron ore, scrap or any combination of various feeds. It also has total flexibility in choosing its energy source, be it electricity, coal or gas. The Kalmeshwar complex houses Ispat's 0.4 million tonnes cold rolling complex, which also includes the galvanized plain/ galvanized corrugated (GP/GC) lines and India's first colour coating mill. Technology and innovation have always been the cornerstones of IIL's quest for excellence and these state-of-the-art plants facilitate the company's mission to attain and sustain market leadership, through technological and product superiority. The company's strengths lie in its integrated process management, knowledge management and control systems. And its seamless supply chain management systems further the efficient use of raw materials, while its staff of highly skilled engineers, technicians and managers with specialised domain knowledge, ensure the choice of the relevant technology and the ability to produce international quality products at a competitive price. In line with its vision for the future, IIL is expanding its HRC capacity to 3.6 million. Moreover, it aims to complete its vertical integration process, increase the proportion of high-grade and value-added steel products in its product mix and leverage the advantage the modern design and the size of the facilities offers. With investments of over US $2 billion, IIL is the seventh largest Indian private sector company in terms of fixed assets. It aims to consolidate its market leadership in the national specialty steel market by capitalising on the proximity of its manufacturing facilities to major consumers of flat steel products in Maharashtra, while increasing its presence in international markets by using its convenient port location. In the short span of time since its inception, Ispat Industries has steadily raised the bar - in terms of its relentless pursuit of technological advancement, unwavering focus on innovation, strident emphasis on quality products and its constant initiatives aimed at ensuring customer satisfaction. As it rapidly forges ahead on all these fronts, IIL has successfully reinforced its position as market leader, while simultaneously making technological breakthroughs and setting even higher standards for itself.

Child
Chief Executive Officer at ArcelorMittal SA

With 100 million tonnes of annual production capacity and 260,000 employees across 60 countries, ArcelorMittal is the world’s leading steel and mining company. We are the leader in all major global steel markets, including automotive, construction, household appliances and packaging, with leading research and development and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. With an industrial presence in more than 22 countries spanning four continents, the company covers all of the key steel markets, from emerging to mature

Child
Founder & Partner at Swordfish Investments LLP

Swordfish Investments is an active manager which invests in companies located around the world. It participates in early stage and buyout stage capital requirements and focuses on a wide range of sectors and industries.

Spouse
Parent
Founder at Kremikovtzi AD

Kremikovtzi AD engages in manufacturing of steel products. Kremikovtzi AD manufactures steel products in Bulgaria. It produces flat products, coke and chemical products, ferroalloys, and others. The company was founded in 1959 and is headquartered in Sofia, Bulgaria.

Education
Bachelor of Commerce in Business & Accounting
Memberships
Member
Current

ERT today brings together up to 50 chief executives and chairmen of major multinational companies of European parentage, covering a wide range of industrial sectors. Individuals join at the personal invitation of existing Members, which confers on ERT membership a personal rather than corporate character. ERT Members meet twice a year, in person, at Plenary Sessions. At these Plenary Sessions, Members determine ERT’s work programme, set priorities and establish specialised Working Groups to work on them. Decisions are taken by consensus. The ERT Chairman, two vice-Chairmen, the former ERT Chairman and five other elected Members form the Steering Committee. The Steering Committee reviews ERT activities and makes recommendations to the Plenary Sessions. Each ERT Member nominates an Associate to act as a main point of liaison at working level and to help implement the decisions taken by Members. Much of the work is done by the Working Groups established by the Plenary Sessions. They are chaired by ERT Members and comprise Members, Associates and experts from the companies behind ERT Members. The Working Groups present proposals to the Plenary and take a leading role in the drafting of official ERT messages and positions. The Secretary General is in charge of a small Executive based in Brussels, which coordinates projects, acts as a contact point, provides administrative support and publishes the ERT reports.

Career History
Founder
1976 - Current

With 100 million tonnes of annual production capacity and 260,000 employees across 60 countries, ArcelorMittal is the world’s leading steel and mining company. We are the leader in all major global steel markets, including automotive, construction, household appliances and packaging, with leading research and development and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. With an industrial presence in more than 22 countries spanning four continents, the company covers all of the key steel markets, from emerging to mature

President
Prior - 2009

Ispat Inland Inc., a subsidiary of Mittal Steel Co. N.V. The company produces and sells steel, of which 99% consists of carbon and high-strength low-alloy steel grades, it is also a participant in an iron ore production joint venture and certain steel-finishing joint ventures. The Company has two divisionsÌthe Flat Products division and the Bar division. The Flat Products division manages the Company's iron ore operations, conducts its ironmaking operations, and produces themajor portion of its raw steel. This division also manufactures and sells steel sheet, strip and certain related semi-finished products for the automotive, steel service center, appliance, office furniture and electrical motor markets. The Bar division manufactures and sells special quality bars and certain related semi-finished products to the automotive industry directly as well as through forgers and cold finishers, and also sells to steel service centers and heavy equipment manufacturers.

Chairman & Chief Executive Officer
1976 - Prior

ArcelorMittal International SA operates as a steel and mining company. It supplies steel products to the automotive, construction, household appliances, and packaging sector. The company was founded by Lakshmi Niwas Mittal in 1976 and is headquartered in Luxembourg.

Boards & Committees
Chairman, Board of Directors
2010 - Current

Aperam is a global player in stainless steel with 2.5mt of flat stainless steel capacity in Europe and Brazil (27% of segment turnover in 2009). The Company is also a leading producer of high value-added specialty products, including electrical steel and nickel alloys. Its production capacity is concentrated in six production facilities located in Brazil, Belgium and France. Aperam is unique by its capability to produce stainless and specialties from low cost Biomass/Charcoal. Aperam benefits also from a highly integrated distribution (19 service centers), 10 transformation facilities (welded tubes, precision strip, flat bars) and 30 sales offices. The Company sells its products to customers on three continents in over 30 countries, including customers in the aerospace, automotive, catering, construction, household appliances and electrical engineering, industrial processes, medical and oil & gas industries.

Independent Director
2008 - Current

Goldman Sachs Group, Inc. engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, help companies raise capital to strengthen and grow their businesses and provide financing to corporate clients. The Global Markets segment serves its clients who buy and sell financial products, funding and manage risk. The Asset Management segment provides investment services to help clients preserve and grow their financial assets. The Consumer & Wealth Management segment helps clients to achieve their individual financial goals by providing a wealth advisory and banking services. The company was founded by Marcus Goldman in 1869 and is headquartered in New York, NY.

Chairman, Governing Council
Current

LNM Institute of Information Technology is an Indian private company located in Jaipur that operates as a deemed university.

Member, Board of Trustees
2006 - Current

Cleveland Clinic operates multispecialty academic medical center and hospitals. It offers outpatient care, primary care, numerous subspecialties and numerous locations. The company was founded in 1921 and is headquartered in Cleveland, OH.

Member, Governing Board
Current

Indian School of Business (ISB) is a private business school in India with campuses at Hyderabad and Mohali. ISB is a not-for-profit organization funded entirely by corporates, foundations and individuals from around the world. The school was founded by two senior executives of McKinsey & Company and is governed by a board comprising both Indian and non-Indian businessmen.

Member, Advisory Council
Current
Member, Prime Ministers' Global Advisory Council
Tenure Unconfirmed
Member, Presidential International Advisory Board
Tenure Unconfirmed
Non-Profit Donations & Grants

Learn how non-profit organizations benefit from RelSci
$50K
2007

The Kellogg School of Management (The Kellogg School or Kellogg) is the business school of Northwestern University in Evanston, Illinois, with additional campuses in downtown Chicago, Illinois and Miami, Florida. Kellogg offers full-time, part-time, and executive programs, and partners with schools in China, France/Singapore, India, Hong Kong, Israel, Germany, Canada, and Thailand.Founded in 1908 in downtown Chicago as a part-time evening program, the school was chartered to educate business leaders with "good moral character.

$50K +
2006

The Kellogg School of Management (The Kellogg School or Kellogg) is the business school of Northwestern University in Evanston, Illinois, with additional campuses in downtown Chicago, Illinois and Miami, Florida. Kellogg offers full-time, part-time, and executive programs, and partners with schools in China, France/Singapore, India, Hong Kong, Israel, Germany, Canada, and Thailand.Founded in 1908 in downtown Chicago as a part-time evening program, the school was chartered to educate business leaders with "good moral character.

Transactions
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Ispat International NV purchases International Steel Group, Inc. resulting in a new company Mittal Steel Co. NV

Investments
Details Hidden

Brattle Foods Pvt Ltd. provides logistics solutions. It engages in handling, storing, and transporting perishable food products. Its services include supply chain management, temperature controlled distribution and warehousing. The firm also offers integrated solutions across freight forwarding, warehouse and inventory management, transportation and food handling. The company was founded by Mrinal Sinha and Kunal Agarwal in 2009 and is headquartered in Mumbai, India.

Details Hidden

Queens Park Rangers Football & Athletic Club Ltd. operates a football club. The club conducts football matches in the English Football League Championship. It was founded in 1882 and is headquartered in London, UK.

Public Holdings
Restricted data only for RelSci Professional users.
Awards & Honors
Rank #56
2017
Forbes Magazine - The World's Billionaires
Rank #135
2016
Forbes Magazine - The World's Billionaires
Rank #135
2016
Forbes Magazine - The World's Billionaires
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