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Man of Steel

December 13, 2006
Lakshmi Narain Mittal, chairman and CEO of the $25 billion Mittal Steel Company, is the world's richest Indian.

Mittal is also listed in Forbes' 2006 list of billionaires as the fifth richest man on Earth.

Arcelor Mittal is now the world's number one steel company, with 320,000 employees in more than 60 countries.

In a landmark deal this year, Mittal Steel acquired Luxembourg-based rival Arcelor to become the largest steel company in the world.

Mittal, 56, founded Mittal Steel in 1976 and has been responsible for the strategic direction and development of its businesses in 14 countries.

Born in Sadulpur, Rajasthan, educated at Kolkata's St Xavier's College, he began his career working in the family's steel business in India before moving overseas and making his fortune.

How can the richest Indians help India? Tell us!

Image: L N Mittal addresses a press conference in New Delhi.

Text: Rediff Business Desk
Photograph: Raveendran/AFP/Getty Images
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