Born on 15th June, 1950, Lakshmi Mittal is the protagonist of a typical rags-to-richest story. From a youth, who spent his life sleeping on thin mattresses, he has turned into the owner and CEO of world’s largest steel production company Arcelor Mittal. With a personnel fortune of US 20.7 billion, he stands sixth on the list of world’s richest persons .
He is also the second richest man in Europe and the richest man in United Kingdom for the fifth time in a row. Mittal is a graduate of Indian Institute of Social Welfare and Business Management, which happens to be the first business school of India. He started his career from working for his father’s steel business, which was known by the name of Nippon Denro Ispat. However owing to differences with his father, mother and brothers, he set out to establish his own LNM group and has been the sole person responsible behind the astounding growth of his business in and around the world.
Quotes of Lakshmi Mittal :
1.This is a learning in the business life that first of all you need to have commitment, dedication and passion for what you are doing.
2. We are beginning to see the benefits of global consolidation.
3. When I think about parallels between myself and an Olympian, I believe that success in the world of business is underpinned by very similar principles of perseverance and hard work.
4. It’s true that I run a multi-national group but I have no interests in India. So please tell me, what should my identity be?
5. I came from a Hindi medium school… the principal felt that I would not fit into an English medium college. Though I was top in my class in school, and I got admission in other colleges, but I really wanted to study in St. Xavier’s.
6. I built a steel plant from the grassroots, so I learned all the nuts and bolts. When there was a problem, I would be able to guide them, though I am not a technical person.
7. At the end of the day you have to keep emotions away.
8. We are not in the business of iron ore. Whatever captive iron ore sources we have, we use it to make steel.
9. The torch relay is an excellent embodiment of all that the Olympic Games have come to symbolise – a celebration of the human spirit. Personally to me, it represents striving to be the best in whatever we do, never giving up despite the odds, and a commitment to health and fitness.
10. “I’m cautious about the currency situation, oil pricing and the economies of some countries not performing as we are expecting.”Lakshmi Mittal
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