Lakshmi Mittal

Mittal was born in Sadulpur, Rajasthan, India. He later earned a Bachelor of Commerce degree at St Xavier’s College in Kolkata.⁠[2]

After working in his family’s Indian steel business, Mittal established a venture in Indonesia in 1976. In 1989 he leased, and later acquired, a steel company in Trinidad and Tobago as part of his international expansion.⁠[1][3]

According to Eastern Eye’s profile, Mittal moved from Indonesia to London in 1995, as his business continued to expand internationally.⁠[4]

The Lakshmi & Usha Mittal Foundation and the Rajasthan government jointly established the LNM Institute of Information Technology in Jaipur in 2002. Its first academic session began in July 2003.⁠[5]

In 2004 Mittal combined Ispat International and LNM Holdings into Mittal Steel and agreed to merge with the US-based International Steel Group. An announcement in April 2005 confirmed completion of the ISG merger.⁠[3][6]

Mittal Steel and the European steel group Arcelor agreed to combine, creating ArcelorMittal and marking a major stage in Mittal’s consolidation of the industry.⁠[1]

Mittal received the Padma Vibhushan, India’s second-highest civilian honour, in 2008. He joined Goldman Sachs’ board in June that year.⁠[1][7]

Harvard announced a $25 million gift from Mittal and his family to endow its South Asia Institute. The university also announced that it would rename the institute in his honour.⁠[8]

Oxford announced a £3.5 million Mittal family gift to permanently endow Adrian Hill’s vaccinology professorship, supplemented by £1.75 million from the university. The chair was named for Mittal and his family.⁠[9]

ArcelorMittal appointed Aditya Mittal chief executive with responsibility for day-to-day operations. Lakshmi Mittal became executive chairman, continuing to lead the board and work with management.⁠[3]

Eastern Eye reported in March 2026 that Mittal had taken Swiss residency, without specifying the actual relocation date. Residency does not establish Swiss citizenship; ArcelorMittal’s official biography identifies him as an Indian citizen.⁠[4][1]

Goldman Sachs’ 2026 proxy statement said Mittal would retire at that year’s annual meeting under its director age policy. The company confirms the meeting took place on April 29, ending a board tenure that began in June 2008.⁠[7][10]

ReutersReutersReuters is an international news agency founded in London in 1851 by Paul Julius Reuter and is now the news business of Thomson Reuters. It provides text, photo, video, and graphics coverage to media and institutional clients and distributes it through channels such as Reuters Connect.Open the full entry reported that a consortium involving the Mittal family and Adar Poonawalla agreed to acquire Rajasthan Royals and its South African and Caribbean sister franchises at a $1.65 billion valuation. The proposed post-completion stakes were approximately 75% for the family, 18% for Poonawalla and 7% for existing investors, subject to regulatory and cricket-governing approvals.⁠[11]

ArcelorMittal: Official website: https://corporate.arcelormittal.com/ (opens in a new window).⁠[1]

Aperam: Official website: https://www.aperam.com/ (opens in a new window).⁠[2]

Goldman Sachs: Official website: https://www.goldmansachs.com/ (opens in a new window).⁠[7][10]

LNM Institute of Information Technology: Official website: https://lnmiit.ac.in/ (opens in a new window).⁠[5]