Lakshmi Nivas Mittal

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Lakshmi Nivas Mittal

• Always think outside the box and increase the
  opportunities that appear, wherever they might
  be

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Why Lakshmi Nivas Mittal ?
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Biography - Lakshmi Nivas Mittal

• Indian born British steel tycoon
• Born on June 15th 1950 in Rajasthan
• Family moved to Kolkata from Rajasthan
• His father Mohanlal Mittal set up a small steel
  mill in Kolkata.

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• Finished his bachelors degree in business and
  accounting Mittal began his early career in his
  fathers steel firm in the early 70s
• In 1976 Mittal moved to Indonesia and acquired a
  steel plant ISPAT INDO.
• His success has largely been built on buying up
  loss making steel owned mills and quickly turning
  them around.

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• His wife Usha runs the Indonesian business and
  his son Aditya and daughter Vanisha are members
  of the board of directors of Mittal steel.

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MITTAL STEEL
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History of Mittal Steel

• Mittal Group got into steel industry in 1976 when
  M L Mittal left country because of Indias
  restrictive economic policies. He went to
  Indonesia to set up ISPAT INDO.
• Group started spreading its activities across the
  globe in 1989 when it acquired an ailing plant in
  Trinidad and Tobago which was revived

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• 1994 group underwent partition of business
  interest in the family. All the foreign business
  were hived of into a separate group ISPAT
  International under the control of L N Mittal
  while Indian operations remained with his younger
  brothers P K Mittal and V K Mittal

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Acquisitions
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Mittal Steel growth Timeline

• 1989 Acquisition of Iron and Steel company of
  Trinidad and Tobago
• 1992 Acquisition of Sibalsa
• 1994 - Acquisition of Sidbec dosco
• 1995 - Acquisition of Hamburger Stahlwerke, ISPAT
  International Ltd and ISPAT Shipping formed/
  Acquisition of Karmet
• 1997 - ISPAT International goes public
• 1998 - Acquisition of Inland Steel Companies
• 1999 - Acquisition of Unimetal
• 2001 - Acquisition of ALFASID/Acquisition of
  Sidex
• 2002 - Business assistance agreement signed with
  ISCOR

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Mittal Steel growth Timeline

• 2003 - Acquisition of NOVA HUT
• 2004 - Acquisition of Polski Huty State/
  Acquisition of B H Steel / Acquisition of
  Macdenonia Facilities from Balkan Steel /
  Creation of Mittal Steel and Proposed Acquisition
  of International Steel
• 2005 - Acquisition of Stake in Hunan Valin / ISG
  Acquisition completed / Mittal Steel Europe
  created / Mittal steel makes Fortune 500 / MDA
  with Liberian Government / Acquisition of
  Kryvorizhstal / Acquisition of Stelco
  subsidiaries
• 2006 - Merger with Arcelor

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Current Status

• Worlds 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 more than 70 million tons per
  annum
• Own steel making facilities in 16 countries
  spanning 4 continents
• Employs 224000 people spanning 49 different
  nationalities

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Qualities and Distinctiveness

• Hard working
• Outstanding vision
• Convincing, Motivating and guiding
• Zeal and fierceness
• Capacity to lead
• Bravery

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Awards

• Mittal was awarded Fortune magazines European
  Businessman of the Year 2004
• Previously, he was awarded Steelmaker of the
  Year in 1996 by New Steel in the USA
• The Willy Korf Steel Vision Award in June 1998
• In March 2005, Forbes named him the third richest
  man in the world and the richest non-American,
  with a wealth of 25 billion.

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• L N Mittal is a member of
• The Foreign Investment Council in Kazakhstan,
• The International Investment Council in South
  Africa,
• The World Economic Forums International Business
  Council and
• The International Iron and Steel Institutes
  Executive Committee.
• L N Mittal is on the advisory board of the
  Kellogg School Of Management in the US

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CORPORATE SOCIAL RESPONSIBILITY

• Mittal Steel believes that businesses should play
  a major role in supporting the communities in
  which they operate.
• Operations by Mittal Steel in the sense of social
  responsibility kind of support to
• Kazakhstan
• South Africa
• USA
• Algeria
• India

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Education

• Mittal Steel South Africa has donated over
  177mn to community development projects
• Companys latest project to sponsor South Africa
  national science Olympiads
• Mittal Steel sponsorship is valued at 1.5mn

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Health and Safety

• Robust set of safety standards to reduce
  accidents.
• Mittal Steel operates an E-Room.
• Safe business is a good business.

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Sports

• Sponsorship support to football , basketball
  other sports.
• Sporting beneficiaries are Czech Republic,
  Romania Algeria.
• Sporting link with west Indies

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Community

• Main provider of electricity.
• Urban development project in Karaganda Mittal
  Steel acquired Termiratau in 1995.
• Constructed modern facilities for the Karaganda
  Metallurgical institute.
• In Algeria Company gave 100,000 aid.
• 242,000 Corporate contribution in 2005.
• Management Employees equally moved by
  devastation when hurricane Katrina inflicted.
• This raised more then 500,000 for red cross.

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• The steel industry has always been fragmented.
  The steel industry needs to be consolidated,''
  Mittal said in a television interview on CNN.
• Steelmakers across Asia are putting defensive
  measures in place to prevent being swallowed by
  Arcelor Mittal. Mittal is combining with
  Luxembourg-based Arcelor SA in a 38.3 billion
  transaction to create a company pouring a 10th of
  the world's steel.
• We are focusing on India and China,'' Mittal
  said July 7 in Bhubaneswar, India. India is a
  very important milestone for us to remain the
  biggest company in the global steel industry.''

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LEADERSHIP STYLE

• A transactional leader
• Mittal is a transactional leader who guides
  and motivates his followers in the direction of
  established goals by clarifying role and task
  requirements.

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• The Leader in Mittal-
• A great individual
• A corporate leader in business
• Started the trend of mergers around the world
• A caring family man
• A complete human being

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• This is not about creating a giant .its about
  creating the sustainability of the steel
  industry..
• -Lakshmi Niwas Mittal

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• Contact Address
• Lakshmi MittalSummer PalaceThe Bishops
  AvenueHampstead Garden Suburb LondonN2 OAB
  Great BritainPhone 0171 629 7988 Website
  www.mittalsteel.com