Lakshmi N. Mittal is given a new name to steel industry by his hard work and commitment. Lakshmi N.

Mittal is Chairman of the Board and Chief Executive Officer of Arcelor Mittal industry since May 1997, largest steel making company in the world. He is also an Independent Director in Goldman Sachs Group, Inc. New York. In which he handles financial and diversified Investments matters of company. This is not the end; he is also a Non-Executive Director in ICICI Bank, Ltd. Mumbai. He handles financial and Foreign Regional Banks concerns and is on the list of Advisory Board of the Kellogg School of Management, U.S. At the moment he is the richest man in United States and second richest in Europe. In the world ranking he is sixth richest man on the planet earth. According to the publication of Forbes, he is on the 44th rank among 68th in list of most powerful people in the world. In Fortune magazines, he is considered as the European Businessman of the Year 2004 Lakshmi completed his graduation in Commerce from St. Xaviers College in Calcutta. He starts his career by taking part in family business, steel making business in India. He extended his family business into one of the largest steel industry. Lakshmi founded the company Mittal Steel previously called LNM Group in 1976. Since 1976 he is responsible for its development and businesses ever. He changes the local business into international platform. Mittal Steel is a global steel producer has branches in 14 countries and domain is spread over five continents. Annual sale is around 105,000 million dollars. In 27 countries around 330,000 employees are working under Arcelor Mittal. The direction which leads him to walk on successful path is shaping his own independence. In 1976, he takes a step to come out of his family business. His provoking ideas were restricted due to family decisions. In one of his quote about opportunities is Always think outside the box and embrace opportunities that appear, wherever they might be. Lakshmi Mittal

He decided to stop working for his familys steel business and established an international steel business starting with buying off an old and broken down condition of steel plant in Indonesia. At this time, he had started having differences with his family members. However, his attitude of having an independent business of his own brought him into the territory of greatness.

The reality behind success of Mittal is also contributed by his wife Usha. She was a daughter of a well-to-do moneylender. This was the most plus point for him and both speak the same business language. Both helped each other to pull their steel business to the greatest heights, to the rate of having fourteen countries within which it operates

Founder of Mittal Steel Company in 1976 and guided its strategic development, conclude in the merger with Arcelor, agreed in 2006, to found the world largest steelmaker. Since the merger, Mr. Mittal has led a successful integration, establishing ArcelorMittal as one of the world foremost industrial companies. Widely known for the leading role he has played in restructuring the steel industry towards a more consolidated and globalized model. He has over 35 years of working in steel industry. Recognizing the need for a strong management team to execute his strategic expansion plans, he brought in Indian managers, doubled production and began selling to booming markets in the East. With luck, as well as timely judgment, he rescued Kazakhstan from financial ruin and paved the way for further large scale acquisitions. Mittal have faced the financial mess with Soviet Republic due to the huge loss in steel market. Mittal purchases the Karmet Steel works in Temirtau. This mill is quiet cheap in price that was only $400. As Kazakhstan and China shares the same border fortunately. This was the place where demand of steel will rise and shoot up like a rocket. This was the wise investment with the proper planning and understanding of future demands. This step takes the Mittal into the league of international steel market. He is currently considered as a global steel producer with operation in 14 countries. Mittal forwards with outstanding visionary thoughts with excellent marketing strategy. He imagines international market into fragments which serves local markets. In the end develop strong partnership among these markets. Companies run by the governmental sectors and innovative developments are not cooperative with steel sector. In many Privatized companies, steel is the basic component to run the business. Steel high prices affect the business strategy. In 2004, Mittal established Mittal steel by takeover of his private company name, LNM by his public one; Ispat. By this strategy Mittal steel become the largest steel producer around the globe. Around 42.1 million tons of steel is shipped and profits of $22 billion are achieved in 2004. This credit of gaining high profit goes to the fragmentation of business and then connect with each other is supposed to be the successful business plan. Mittal beats all European establishments to acquire Arcelor Steel, a company created through a merger of firms from Spain, France, Luxembourg and Belgium. Guy Dolle , Arcelor chairman forcefully swallow the harsh words said by him to Lakshmi Mittal. He said Mittal Steel as a company of Indians paying with monkey money. After a long drawn battle, Arcelor's shareholders decided to sell out despite opposition to the deal from politicians including former French President Jacques Chirac. Mittal introduce the idea of mini mills. Mini mills resolution use the strategy of direct reduced iron or DRI, which is the alternative of steel making. This step was proved to be a successful

business approach and results into the growth of business in positive manner. When a person determines the basic essence in the work or job he is doing, than he can search out thousands of alternatives for making it more smooth and successful. On international platform, he first started his business in Indonesia, Trinidad and Tobago. His company is considered as a Big Giant sector and spread over five continents. Mittal Marketing strategy is to take over unprofitable, state-owned mills and then increase their output. Increase in productivity completely turnover the mill condition. He is one and all credits goes to him for the growth of steel industry in international market. Mittal first priority is to explore new and fresh grounds for business, to extend it and increase the productivity. I can say this strategy is goal for every entrepreneur need for moving their business forward. He changes his business world view by swapping the international market from India to London. Understanding of business orientation can make a clear view of our goals. Lets consider if your career is to be a software engineer, you should work towards being the best software engineer in life. Same goes for business. If you are a business man than try your best to become a best businessman of the world. Mittal realized that his career is to a business man. We can say that genetics played a vital role in his choice. He went to school and studies the relevant courses. Degree in Bachelor of Commerce give him a view that how to manage perfection in managerial and administrative skills for his steel industry. Mittal introduce the innovative ideas which add value to the already existing business. He takes several risks in his path and in the end conquers the land of business in the world. Mittal keenly observe the strategy of converting iron ore into steel. He invented the use of Direct Reduced Iron or scrap as a suitable substitute for steelmaking. This trend is still in use by most of the steel manufacture. He is inventor and introduces new strategy for steel manufacturing. This invention opens many gates of profit and expansion of business. Mittal is among the biggest donors and donate several millions of dollars of his wealth to various causes. His Mittal Champions Trust and ArcelorMittal Foundation are two main charity organizations that have sponsored several causes. He also believed that individuals can empower themselves through means of good education. The L.N.M. Institute of Information Technology, Jaipur is an effort by him to contribute to the welfare of the society. Lakshmi Mittal is a member of few trusts. Trusts include International Investment Council of South Africa, International Iron and Steel Institutes Executive Committee and World Economic Forums International Business Council. The next business strategy is to secure deposits of coal and iron ore. Since their prices are doubled in the past four years. Coal and iron ore are essentials for the production of iron. At the present moment ArcelorMittal is able to meets 45% of its iron ore requirements from its own supplies. His agreement for obtaining coal mines in Australia and Russia is in process. His investment in shipping and rail cuts the transport costs. The main hindrance in his way is the supply of oil and gas.

Mittal purchases more than 20 firms in Soviet Union including Romania, Kazakhstan and Ukraine in 2004. His take over with Arcelor, one of the biggest steel plants in the world. This step gives him a status of powerful international steel magnet. He earned different worlds top steel tycoon and has received a number of awards. Beside his uncountable achievements in steel industry, Mittal was awarded Fortune magazines European Businessman of the Year 2004. Title given by New Steel in 1996 was Steelmaker of the Year. In 1998 the Willy Korf Steel Vision Award is given for extra ordinary performance, outstanding vision, entrepreneurship, leadership and success in global steel development from American Metal Market and PaineWebers World Steel Dynamics. In 2006, he took over Arcelor, one of the largest steel companies. The Padma Vibhushan was given by the Indian government and the Grand Cross of Civil Merit by the government of Spain in 2007. In 2008, Forbes Lifetime Achievement Award was granted to him. Just like all entrepreneur, he also faces criticism. In Kazakhstan operations around 191 people are expired, in last 12 years. Campaigners argue to provide more safety measures and more money should spend regarding these issues. The company has strongly rejected allegations of negligence, but later earmarked an extra $1.2bn for improvements. Mittal is proud to be Indian, but he believes himself a 'global citizen'. Even with his incalculable wealth, his family's 44% stake in ArcelorMittal worth 24bn. There is no recipe to become a billionaire. Everyone have to cross the hurdles come across a way. Be like flowing water. It makes his way, if the pressure is high enough. His advice is that such should work hard His quote for facing difficult times in life is 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. Lakshmi Mittal

Working hard in not seems to be enough in this era. Everyone has to be extra ordinary hard worker. If you really want to walk with people, you have to struggle. Life never give chances, it gives options. Choose the option carefully to make your life the way you want to live. Mittal approach towards commitment to work is

Hard work certainly goes a long way. These days a lot of people work hard, so you have to make sure you work even harder and really dedicate yourself to what you are doing and setting out to achieve. Lakshmi Mittal

ArcelorMittal is the biggest steel company on this planet and now worth over 100billion. The new group, led by Lakshmi Mittal launched into a worldwide commodities boom that has seen steel prices skyrocket from $240 a ton in 2002 to $1,000 today in 2011. Arcelor Mittal was the first producer in steal market more than 100 million tons of steel a year; that could multiplied in a few years as Mittal Steel goes on another acquisition spree, extending his empire to Africa, Australia and China. The story of Lakshmi Niwas Mittal proved that what the mind can imagine and suppose, it can achieve. His life is an inspirational journey. He was nothing and changes himself to everything. You always see billions of opportunities in your life. But to capture the write one on the write time is the basic theme to follow. His life is seems to be a big example for youths can wish to be like Lakshmi Mittal, the world will be a better place.