Laxmi Nivas Mittal- from obscurity to opulence



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Code : ENT0016B

Year :
2006

Industry : Minerals, Metals and Mining

Region : USA

Teaching Note:Not Available

Structured Assignment :Not Available

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Abstract: In his 16-year rise from obscurity to opulence, Lakshmi Niwas Mittal multiplied his steel holdings by 138 times. He is known mostly for his unique collection of steel mills in such countries as Trinidad and Tobago, Kazakhstan, and Mexico. He started right from scratch in the year 1989 and by 2006; he is the biggest steelmaker on the globe and held a dominant position in the US., employing 224,000 people spanning 49 different nationalities

Mittal is a business tycoon who virtually came from nowhere, only to emerge as the world’s largest steelmaker. He is world’s richest Indian, and he was not at allembarrassed displaying his wealth. After acquiring steel plants all over the world, Laxmi Niwas Mittal seems all set to prove his ‘Theory of Consolidation and Sustainability’ in the near future to come

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Pedagogical Objectives:

  • To study the making of a business tycoon – the strategies adopted by Mittal to become the world’s largest steelmaker.

    Keywords : Entrepreneurship Case Study, Mittal Steel, producer, Acquisition, Mergers, opulence, Direct Reduced Iron (DR), CONSOLIDATIONS, Karmet Steel, Marwari Ispat Steel, India, Arcelor, London, Laxmi Nivas Mittal, sustainability

    Contents :
    » Laxmi Niwas Mittal – Thinking Big
    » Mittal Steel – Genesis and Growth
    » Mittal Business Strategy


    Case Introduction >>


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