Lakshmi Mittal, Industrialist
Industrialist

Lakshmi Mittal

Born 15 June 1950 · Rajasthan

Building ArcelorMittal into the world's second largest steelmaking company.

Lakshmi Niwas Mittal is an Indian billionaire businessman and steel magnate. He is the executive chairman of ArcelorMittal, the world's second largest steelmaking company, as well as chairman of stainless steel manufacturer Aperam. Mittal owns 38 per cent of ArcelorMittal and holds a three per cent stake in EFL Championship football club Queens Park Rangers. Mittal resides in Switzerland and United Arab Emirates following his departure from the United Kingdom in 2025, where he had lived since 1995..

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A detail that
surprised us

“

Lakshmi Mittal’s London mansion was decorated with marble from the same mine that supplied the Taj Mahal.

The Story

1
🔥 At just 26 years old in 1976, Lakshmi Mittal defied the Indian government's steel production curbs by launching his first steel factory in Sidoarjo, Indonesia, planting the seed for a global steel empire.
2
🌍 In 1989, Mittal bought a loss-making state-owned steel plant in Trinidad and Tobago and astonishingly turned it profitable within a year, showcasing his knack for industrial turnaround.
3🏰 His London mansion at 18-19 Kensington Palace Gardens once held the title of the world's most expensive house, adorned with the same marble used in the Taj Mahal, linking a modern billionaire to ancient Indian heritage.
4💰 In 2005, the year his daughter’s wedding became the sixth-most expensive in recorded history, Forbes ranked him as the third-richest person worldwide, a milestone for an Indian industrialist.

🏅 Awards & Honours

—
Padma Vibhushan

🔍 One thing most people don't know

“

In 1976, Mittal circumvented Indian steel production restrictions by setting up his first steel factory in Indonesia at age 26, marking the start of his global empire.

🖼️

Through the Years

2 photographs from the archives
Lakshmi Mittal in a formal portrait photograph (2013)
Lakshmi Mittal in a formal portrait photograph (2013)
2013
Lakshmi Mittal with Boris Johnson and Lionel Barber at FT Boldness in Business Awards (2013)

🗓️ A Life in Moments

🕊️
Birth
Birth in Sadulpur, Rajasthan
Lakshmi Niwas Mittal was born into a Marwari family in Sadulpur, Rajasthan, setting roots in a traditional Indian mercantile community.
1950
⚡
Career
First steel factory in Indonesia
At age 26, Mittal launched PT Ispat Indo in Sidoarjo, East Java, Indonesia, overcoming Indian government steel production limits.
1976
⚡
Career
Acquired Trinidad steel plant
Mittal purchased a failing state-owned steel plant in Trinidad and Tobago and turned it profitable within a year.
1989
⚡
Career
Relocated to United Kingdom
Mittal moved his residence to the UK, establishing a base for his expanding global steel operations.
1995
🏅
Award
Forbes ranks him 3rd richest worldwide
Mittal entered Forbes’ top ten richest people globally at number three, the highest for an Indian citizen at that time.
2005
⚡
Career
Formation of ArcelorMittal
Mittal led the merger of Mittal Steel with Arcelor, creating the world's largest steel manufacturer.
2006
🌟
Other
Philanthropy boosts Indian sports
Mittal awarded Rs. 1.5 crore to Abhinav Bindra after his Olympic gold and donated £15 million to Great Ormond Street Hospital in London.
2008
🌟
Other
Shifted residence from UK
Mittal left the UK after 30 years to live in Switzerland and the UAE, signaling a major personal and business shift.
2025
More moments to come...
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🗝️Discoveries

Swipe to uncover hidden stories
01 / 06
🏆ACHIEVEMENT

Mittal turned around a failing state-owned steel plant in Trinidad and Tobago within a year after acquiring it in 1989, transforming it into a profitable business.

02 / 06
💡SURPRISING

His London residence was once the world's most expensive house and featured marble from the same mine as the Taj Mahal, blending Indian heritage with modern luxury.

03 / 06
🏆ACHIEVEMENT

In 2005, Mittal became the first Indian citizen to break into Forbes’ top ten richest people worldwide, ranked at number three.

No quote recorded for Lakshmi Mittal yet.

🎙️ Speeches & Recordings

These recordings preserve the legacy of Bharat's icons
Rendezvous with Simi Garewal - Lakshmi Mittal Part 1&2
·YouTube
More from this archive
Rendezvous with Simi Garewal - Lakshmi Mittal Part 1&2
01
Rendezvous with Simi Garewal - Lakshmi Mittal Part 1&2
YouTube
एक आम आदमी से Global Steel King तक! | Lakshmi Mittal की Visionary Journey
02
एक आम आदमी से Global Steel King तक! | Lakshmi Mittal की Visionary Journey
YouTube
Lakshmi Mittal: From Steel to Success - A Journey of Resilience and Philanthropy
03
Lakshmi Mittal: From Steel to Success - A Journey of Resilience and Philanthropy
YouTube
Lakshmi Mittal - How he make his empire work. #lakshmimittal #entrepreneur #ArcelorMittal
04
Lakshmi Mittal - How he make his empire work. #lakshmimittal #entrepreneur #ArcelorMittal
YouTube
How Rich Is India's Richest Man, Lakshmi Mittal?
05
How Rich Is India's Richest Man, Lakshmi Mittal?
YouTube
Lakshmi Mittal Biography - Steel Magnate; King of Steel
06
Lakshmi Mittal Biography - Steel Magnate; King of Steel
YouTube
India not my top priority for investment: Lakshmi Mittal
07
India not my top priority for investment: Lakshmi Mittal
YouTube
स्टील किंग लक्ष्मी निवास मित्तल की सफलता की कहानी | लक्ष्मी मित्तल जीवनी | Laxmi Mittal Biography
08
स्टील किंग लक्ष्मी निवास मित्तल की सफलता की कहानी | लक्ष्मी मित्तल जीवनी | Laxmi Mittal Biography
YouTube
दुनिया की Steel Industry का राजा | Laxmi Mittal | Steel King India | #shorts #india #motivation
09
दुनिया की Steel Industry का राजा | Laxmi Mittal | Steel King India | #shorts #india #motivation
YouTube
Lakshmi Mittal Story Of The Arcelor Mittal @sunnyimnindian
10
Lakshmi Mittal Story Of The Arcelor Mittal @sunnyimnindian
YouTube

🌱 What changed because of them

Lakshmi Mittal revolutionized the steel industry by pioneering the global consolidation of steel companies, culminating in the creation of ArcelorMittal, the world's largest steelmaker. His strategic acquisitions across continents redefined industrial scale and efficiency, while his philanthropy supported Indian athletes and education institutions, including the LNM Institute of Information Technology in Jaipur.

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