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A

PRESENTATIONON

LAXMINIWAS MITTAL

PRESENTED BY-

BHUWAN CHANDRA JOSHI

MBA FIRST SEM

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Lakshmi Nivas Mittal

Always think outside the box

and increase the opportunitiesthat appear, wherever they

mightbe

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Why Lakshmi Nivas Mittal ?

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Biography - Lakshmi Nivas Mittal

Indian born British steel tycoon

Born on June 15th

1950 in Rajasthan

Family moved to Kolkata from Rajasthan

His father Mohanlal Mittal set up a small steel mill

in Kolkata.

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Finished his bachelors degree in business and

accounting Mittal began his early career in his

fathers steel firm in the early 70s

In 1976 Mittal moved to Indonesia and acquired asteel plant ISPAT INDO.

His success has largely been built on buying uploss making steel owned mills and quicklyturning them around.

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MITTAL STEEL

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History of Mittal Steel

Mittal Group got into steel industry in 1976 when M L Mittalleft country because of Indias restrictive economic policies.

He went to Indonesia to set up ISPAT INDO.

Group started spreading its activities across the globe in 1989when it acquired an ailing plant in Trinidad and Tobago which

was revived

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1994 group underwent partition of business interest in

the family. All the foreign business were hived of into aseparate group ISPAT International under the control of

L N Mittal while Indian operations remained with his

younger brothers P K Mittal and V K Mittal

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Acquisitions

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Current Status

Worlds largest and most global steel company with shipment of49.2 million tones and revenue of over $28.1 billion in 2005 and

net income of $3.4 billion

No. 1 high quality steel producer with crude steel capacity with

more than 70 million tons per annum

Own steel making facilities in 16 countries spanning 4

continents

Employs 224000 people spanning 49 different nationalities

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Qualities and Distinctiveness

Hard working

Outstanding vision

Convincing, Motivating and guiding Zeal and fierceness

Capacity to lead

Bravery

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Awards

Mittal was awarded Fortune magazinesEuropean Businessman of the Year2004

Previously, he was awarded Steelmaker

of the Year in 1996 by New Steel in theUSA

The Willy Korf Steel Vision Award inJune 1998

In March 2005, Forbes named him thethird richest man in the world and therichest non-American, with a wealth of$25 billion.

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L N Mittal is a member of

The Foreign Investment Council in Kazakhstan,

The International Investment Council in SouthAfrica,

The World Economic Forums InternationalBusiness Council and

The International Iron and Steel InstitutesExecutive Committee.

L N Mittal is on the advisory board of the KelloggSchool Of Management in the US

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Mittal Steel believes that businesses should play a major role

in supporting the communities in which they operate.

Operations by Mittal Steel in the sense of social

responsibility kind of support to:

Kazakhstan

South Africa

USA

Algeria

India

CORPORATE SOCIAL RESPONSIBILITY

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Education

Mittal Steel South Africa has donated over$177mn to community development projects

Companys latest project to sponsor South Africa

national science Olympiads

Mittal Steel sponsorship is valued at $1.5mn

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Health and Safety

Robust set of safety standards to reduceaccidents.

Mittal Steel operates an E-Room.

Safe business is a good business.

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Sponsorship &support to football , basketball &other sports.

Sporting beneficiaries are Czech Republic,Romania & Algeria.

Sporting link with west Indies

Sports

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Community

Main provider of electricity. Urban development project in Karaganda Mittal Steel acquired

Termiratau in 1995.

Constructed modern facilities for the Karaganda Metallurgical

institute.

In Algeria Company gave $100,000 aid. $242,000 Corporate contribution in 2005.

Management & Employees equally moved by devastation when

hurricane Katrina inflicted.

This raised more then $500,000 for red cross.

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The steel industry has always beenfragmented. The steel industry needsto be consolidated,'' Mittal said in atelevision interview on CNN.

Steelmakers across Asia are puttingdefensive measures in place to preventbeing swallowed by Arcelor Mittal.Mittal is combining withLuxembourg-based Arcelor SA in a$38.3 billion transaction to create acompany pouring a 10th of the world'ssteel.

``We are focusing on India andChina,'' Mittal said July 7 inBhubaneswar, India. ``India is a veryimportant milestone for us to remainthe biggest company in the globalsteel industry.''

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LEADERSHIP STYLE

A transactional leader:

Mittal is a transactionalleader who guides and

motivates his followers inthe direction ofestablished goals byclarifying role and task

requirements.

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The Leader in Mittal-

A great individual

A corporate leader inbusiness

Started the trend ofmergers around theworld

A caring family manA complete human

being

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This is not about

creating a giant .its

about creating thesustainability of the

steel industry..

-Lakshmi Niwas Mittal

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THANK

YOU !