Once a Mill Worker, Now a Steel King: The Rise of India’s Billionaire Tycoons

Business News: Once just an ordinary Indian associated with a steel mill, Lakshmi Mittal now owns assets worth over ₹1.5 lakh crore. Born in Sadulpur, Rajasthan, he came from a humble Marwari business family. Mittal started small by running a steel plant in Indonesia in the 1970s. Through smart deals and bold global takeovers, he built ArcelorMittal – the world’s largest steel company.His empire spans across 60 countries and employs thousands worldwide. Despite his global success, he remains rooted in Indian values and philanthropy. Mittal's story is a symbol of how ambition and hard work can reshape destiny.

Simple start to global stage

Born on 15 June 1950 in a small village like Sadulpur, Rajasthan, Lakshmi Niwas Mittal gave his dreams so high that today his name is taken among the world's biggest steel traders. ". He studied commerce from St. Zewear College, Kolkata and started sharing the family's small steel business.

Global journey started from Indonesia

In 1976, Lakshmi Mittal started the first steel factory in Indonesia. The government policies and cheap labor there gave them a chance to produce at a low cost. It was from here that his international expansion started. Lakshmi Mittal has been the specialty - buying loss -making steel companies cheaply and turning them into profits. He acquired many such companies in Kazakhstan, Trinidad, Mexico, Canada and America.

Arceler Mittal's Rise

In 2006, he acquired Europe's largest steel company 'Arcelor', which led to the birth of 'Arcelor Mittal'."The acquisition marked the largest steel merger in the world at the time, establishing Mittal as a dominant force in the global steel industry." Today's situation By 2025, the total assets of Lakshmi Mittal have been estimated at around Rs 1.5 lakh crore (about 18 billion dollars). Arcelor Mittal is still the largest steel producing company in the world, whose factories are in many countries of the world.

Honor and identity in the world

Laxmi Mittal has received several international awards for her contribution. He has topped the Britain's 'Rich List' several times and is a member of several global forums including the World Economic Forum. Lakshmi tells the story of Mittal that if the goal is clear and hard work honest, then any person can reach the peak from zero. His life is an ideal inspiration for today's younger generation.