Lakshmi Niwas Mittal is an Indian businessman, the self-made billionaire Executive Chairman of ArcelorMittal (AMS: MT), the world's second-largest steel producer. Born in Rajasthan, India, in 1950, his father, Mohanlal Mittal, ran a small steel operation in Calcutta (Kolkata).

Mittal graduated from St. Xavier's College with a B.Com. degree. His career is defined by aggressive acquisition, financial restructuring, and global consolidation of the highly fragmented steel industry. His philosophy centers on scale, operational efficiency (acquiring distressed steel mills), and vertical integration across the mining and processing supply chain.

• ArcelorMittal (Executive Chairman): The core publicly traded asset, the world's second-largest steel producer (with operations in 60 countries and 130 million tonnes of capacity).
• M&A Apex: He orchestrated the $38.3 billion hostile takeover of Arcelor in 2006 (the largest cross-border deal in steel history).
• Industrial Focus: His success is built on acquiring and revitalizing state-owned steel mills globally (e.g., Indonesia, Trinidad, Mexico).
• Philanthropy: He founded the Mittal Champions Trust to support Indian Olympic athletes and funds the L. N. Mittal Institute of Technology.

Lakshmi Mittal's strategic genius was his contrarian investment in distressed state-owned steel mills globally. In 1976, he moved to Indonesia to start Ispat Indo, his first independent steel mill. He spent the 1980s and 1990s acquiring and restructuring inefficient mills worldwide (in Trinidad, Mexico, and Kazakhstan).

The pinnacle of his career was the hostile takeover of Luxembourg-based Arcelor in 2006 for $38.3 billion, creating ArcelorMittal, the world's largest steel company (since surpassed by a Chinese rival). He successfully consolidated the global industry. His wealth is secured by the colossal, long-term, stable profitability of the global steel and industrial commodity sector. His son, Aditya Mittal, is the current CEO.

Lakshmi Mittal's social impact is structural, stemming from ArcelorMittal's role as a massive global employer (thousands of jobs) and foundational supplier of steel—the backbone of global construction and manufacturing. His Mittal Champions Trust provides a major structural contribution to Indian sports and athletic development.

His structural contribution is tied to the successful consolidation and professionalization of the global steel industry and his commitment to operational efficiency (often facing controversy over job cuts in acquired plants).

Lakshmi Mittal maintains the professional, composed style of an industrial executive. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects serious authority and stability, typical of a leader in the high-capital industrial sector.

Residing in London, U.K., his luxury is the immense security and financial reward derived from his multi-billion dollar fortune (owning a massive $128 million mansion in Kensington Palace Gardens). His life is dedicated to industrial scale, strategic acquisition, and the long-term, stable growth of the global steel empire.