MNCN Presentation

By:
GROUP B2
AKHIL PRAKASH (16F107)
ANMOL SINGH (16F112)
DEEPAK KASNIA (16F122)
MANU GURNANI (16F138)
SOUMYA JURANI (16F164)

Steel Tycoon of World

Indian Entrepreneur

Leader
6th Richest person in the world2011
- Forbes

Philanthropist

Lakshmi Niwas Mittal

CEO, ArcelorMittal

Table of Contents

Early Life and Career

Formation of Arcelormittal
Type of Business
Career Struggle
Strategy
Roles & Responisibilities
Core Values
Awards and Achievements
Learning
Bibliography

Early Life and Career

Born on 15 June1950 in Sadulpur, Rajasthan
Came from a Middle class background
Faced numerous difficulties in getting admission in English
Medium College after coming from Hindi Medium School
Graduated from St. Xavier's College, Calcutta, with a B.Com
degree and topped the college
At the age of 26, Mittal started his first his first steel factory PT
Ispat Indo in Sidoarjo, East Java, Indonesia

1976: PT
Ispat indo
established
in Indonesia

1995: Ispat
international
ltd and Ispat
shipping set up
in UK

1997: Ispat
international
goes public
and acquires
Germanys
Thyssen
Duisburg

2004: Ispat
international
acquires
LNM
holdings
and merges
with
International
steel group
creating
Mittals

2006: Mittal
steel and
Arcelor
merge to
create worlds
largest steel
company
headquartere
d in
Luxembourg

LARGEST MERGER IN THE INDUSTRY

transforming tomorrow

Type of Business

Mining

Steel Production

Global Presence
Started from Indonesia

Romania

Trinidad and Tobago

Czech Republic

Middle Asia

South Africa

Algeria
Poland
United Kingdom
United States of America

France
China
India
Mexico

Career Struggle
Due to a curb in regulations for steel-making in India, in 1976
Mittal started his company PT Ispat Indo
He had no capital to build steel plant in Indonesia
Taking Advantage of Invest Overseas scheme in India, he
received loan from Bank of India
Started purchasing equipment and materials in India and
exporting them to Indonesia
He started business as wire rod manufacturer

THE ROAD AHEAD

Chose acquisition as Growth Strategy
Mittal started acquiring companies in Canada and Germany but
failed to get his first break
Mittal acquired the his first company Karmet Steel in Temirtau,
Kazakhstan for a knockdown price of $400m
Courageous and calculated risk - Acquired Mexican company
Sicartsa
Soon Mittal become a global steel producers, operating in 14
countries.

Buy steel plants in location that are

close to market that needs steel
Different HR
strategies. People of 45
different nationalities
working in Arcelor
Mittal

Bargaining
and attaining
the best deals
in the market
during M&A

New Technology
from various parts
of the world after
expanding Globally

Buying rusted
steel companies
& turning them
into gold.

STRATEGIES FOR GLOBAL BUSINESS

GROWTH

Eurozone
deflation

Energy
price shock

Elevated
risks

China hard
landing

Emerging
market
structural
bottlenecks

Growth rate has improved, but downsize risk remain elevated

Roles & Responsibilities

Mittal has been a member of board of directors of Goldman
Sachs since 2008
Member of board of directors of Airbus group
He sits on the world steel associations executive committee,
and is a member of the Indian Prime Ministers global
advisory council
Is a member of board of trustees of Cleveland clinic

Core Values

Commitment dedication and passion - Dont Lose Focus

Keep emotions away
Knowledge is the Key Excellence
Be Responsible
Seize the Opportunities
Lead by Example
Be Humble Even at the peaks of your life

Sustainability

Leadership

Business
Core
Values

Quality

Take Calculated Risks

Achievements
From middle class to 3rd Richest Man in the world in 16 years
In 2008, he was the proud recipient of the Padma Vibhushan2nd highest civilian award in India
Worlds largest steel Producer
Popularly known as Steel king

Awards and Honors

Year of award or honor

Name of award or honor Awarding organization

2008

Forbes lifetime
achievement award

Forbes

2007

Fellowship

Kings College London

2004

European businessman
of the year

Forbes

2004

Entrepreneur of the year

Wall Street Journal

2004

8th honorary willy Korf

steel vision award

American Metal Market

and World Steel
Dynamics

1996

Steel maker of the year

New Steel

Contribution to Society
Mr. L N Mittal is a philanthropist donating millions for
education and other social purposes
Mr. Mittal made a donation of 15 million pounds to great
Ormond Street Hospital in London
He has setup Mittal Champions Trust for upgrading the
performance by India in Olympics

Learning
Be BOLD Take Risks Wisely
Set Short Term Goals on a continuous basis
Dont Lose Focus Dedicated commitment and passion
Be Courageous - Prove Your Critics Wrong
Creative Thinking Do Things Differently

Everyone
experiences
tough times, it is a measure
of your determination and
dedication how you deal
with them and how you can
come through
them.
By Lakshmi Niwas
Mittal

BIBLIOGRAPHY
http://
successstory.com/people/lakshmi-niwas-mittal Website
www.youtube.com
Book on autobiography of Mr. L N Mittal
https://en.wikipedia.org/wiki/Lakshmi_Mittal