logging in or signing up lakshmi mittal GauravAgrawal Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 3437 Category: Business & Fin.. License: All Rights Reserved Like it (5) Dislike it (1) Added: June 22, 2010 This Presentation is Public Favorites: 6 Presentation Description No description available. Comments Posting comment... By: malikjanrajannavar (3 month(s) ago) hi friend i like ur PPt could u pz send me this PPt............ Saving..... Post Reply Close Saving..... Edit Comment Close By: swapnilabc (7 month(s) ago) nice PPT Saving..... Post Reply Close Saving..... Edit Comment Close By: ashferrai (7 month(s) ago) CAN U PLEASE SEND THIS PPT Saving..... Post Reply Close Saving..... Edit Comment Close By: ashferrai (7 month(s) ago) FANTASTIC PPT Saving..... Post Reply Close Saving..... Edit Comment Close By: iamaquib (7 month(s) ago) please mail me this presentation it's an humble request Saving..... Post Reply Close Saving..... Edit Comment Close loading.... See all Premium member Presentation Transcript Slide 1: LAKSHMI MITTAL An inspiration for all entrepreneurs Slide 2: The Extraordinary Story Of Mittal Slide 3: LAKSHMI NIWAS 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. 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 a steel plant ISPAT INDO. His success has largely been built on buying up loss making steel owned mills and quickly turning them around. Slide 4: CEO & CHAIRMAN OF ARCELOR MITTAL Slide 5: BACKGROUND BORN: June 15,1950, Sadulpur, Rajasthan, India EARLY YEARS IN INDIA EXTENDED & POOR FAMILY 20 LIVED ON BARE FLOOR, SLEPT ON ROPE BEDS, COOKED ON OPEN FIRE ON THE BRICKYARD ON THE HOUSE BUILT BY HIS GRANDFATHER. Slide 6: STARTING THE CAREER Mittal started his career working in the family's steelmaking business in India. In 1976, when the family founded its own steel business, he set out to establish its international division, beginning with the buying of a run-down plant in Indonesia. Shortly afterwards he married Usha, the daughter of a well-to-do moneylender. In 1994, due to differences with his father, mother and brothers, he branched out on his LNM Group in 1976 and has been responsible for the development of its businesses ever since. Since Then Acquisition Was The Reason For The Growth Of His Business Slide 7: In the last few years Mittal Steel has made a number of acquisitions, buying up a network of steel producers in former communist countries including Kazakhstan, Romania and Ukraine, and pushing into the U.S. in 2004 with the $4.5 billion purchase of International Steel Group. Today, Mittal Steel is the only truly global steel producer in the world with operations on 14 countries, spanning 4 continents. Mittal pioneered the development of integrated mini-mills and the use of Direct Reduced Iron or “DRI” as a scrap substitute for steelmaking and led the consolidation process of the global steel industry. Mittal Steel is the largest steelmaker in the world, with shipments of 42.1 million tons of steel and profits of over $22 billion in 2004. Major Acquisitions 1989 – Acquisition of Iron and Steel company of Trinidad and Tobago 1992 – Acquisition of Sibalsa 1994 - Acquisition of Sidbec dosco 1995 - Acquisition of Hamburger Stahlwerke, ISPAT International Ltd and ISPAT Shipping formed/ Acquisition of Karmet 1997 - ISPAT International goes public 1998 - Acquisition of Inland Steel Companies 1999 - Acquisition of Unimetal 2001 - Acquisition of ALFASID/Acquisition of Sidex 2002 - Business assistance agreement signed with ISCOR 2003 - Acquisition of NOVA HUT 2004 - Acquisition of Polski Huty State/ Acquisition of B H Steel / Acquisition of Macdenonia Facilities from Balkan Steel / Creation of Mittal Steel and Proposed Acquisition of International Steel 2005 - Acquisition of Stake in Hunan Valin / ISG Acquisition completed / Mittal Steel Europe created / Mittal steel makes Fortune 500 / MDA with Liberian Government / Acquisition of Kryvorizhstal / Acquisition of Stelco subsidiaries 2006 - Merger with Arcelor Slide 8: ARCELORMITTAL ArcelorMittal (Euronext: MT, NYSE: MT, BMAD: MTS, LuxSE MT) is the largest steel company in the world, with total Assets worth US$65.40 billion (2009) and over 281,000 employees in more than 60 countries. The company was formed in 2006 by the merger of Arcelor and Mittal Steel.It ranks 28th on the 2009 Fortune Global 500 list. The company is headquartered in Luxembourg City, the former seat of Arcelor. It’s total equity is US$65.40 billion (2009). Slide 9: ARCELORMITTAL BUSINESS Organizational structure NEXT PAGE Slide 10: BUSINESS ArcelorMittal is the world's largest steel company and is the market leader in steel for use in automotive, construction, household appliances and packaging. It holds sizeable captive supplies of raw materials and operates extensive distribution networks. Its industrial presence in Europe, Asia , Africa and the America gives the Group exposure to all the key steel markets, from emerging to mature. ArcelorMittal is looking to develop positions in the high-growth Indian and Chinese markets. ArcelorMittal key financials for 2007 show revenues of US$105.2 billion, with a crude steel production of 116 million tonnes, representing 10% of world steel output. ArcelorMittal is listed on the stock exchanges of New York, Amsterdam, Paris, Brussels, Luxembourg and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia. As of 4 November 2008, the market capitalisation of ArcelorMittal was $35.37B. In December, 2008, ArcelorMittal announced several plant closings, including the former Bethlehem Steel plant in Lackawanna, NY and LTV Steel in Hennepin, IL . PREVIOUS PAGE Slide 11: Organizational structure Lakshmi Mittal (owner of Mittal Steel), a non-resident Indian, is the Chairman and CEO. The composition of ArcelorMittal's Group Management Board is as follows: Lakshmi N. Mittal (Chairman and CEO), Aditya Mittal (CFO), Michel Wurth, Gonzalo Urquijo, Sudhir Maheshwari, Christophe Cornier, Davinder Chugh and Peter Kukielski. ArcelorMittal's 11-member Board of Directors is responsible for the overall supervision of the company. The composition of the Board of Directors reflects the principles agreed in the memorandum of understanding dated 25 June 2006. PREVIOUS PAGE Slide 12: CURRENT STATUS World’s largest and most global steel company with shipment of 49.2 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 Slide 13: Personal Wealth In 2010, Forbes magazine listed Mittal the world's fifth richest person with personal wealth of US$28.7 billion. His wealth has grown by overUS$9 billion compared to 2009 and is up 3 places in the Forbes ranking. The Mittal family owns 44% of Arcelor Mittal, the world's largest steel company. His residence at 18-19 Kensington Palace Gardens was bought from Formula One car racing boss Bernie Ecclestone in 2004 for £57.1 million ($105.7 million), the world's highest price ever paid for a house. Formerly, this house was the residence of Paul Reuter,the founder of the Reuters news service. Slide 14: FAMILY ADITYA & VANISHA MITTAL LAKSHMI MITTAL USHA MITTAL NEXT PAGE Slide 15: PREVIOUS PAGE LAKSHMI MITTAL Slide 16: USHA MITTAL PREVIOUS PAGE Slide 17: PREVIOUS PAGE ADITYA & VANISHA MITTAL Slide 18: Mittal’s Residences Mittal presently lives in Kensington, London. His residence at 18-19 Kensington Palace Gardens which was purchased from Formula One boss Bernie Ecclestone in 2004 for £57 million (US$128 million), making it the world's most expensive house at the time. Mittal's house in Kensington, London is decorated with marble taken from the same quarry that supplied the Taj Mahal. The extravagant show of wealth has been referred to as the "Taj Mittal". It has 12 bedrooms, an indoor pool, Turkish baths and parking for 20 cars. Mittal bought No.6 Palace Greens, Gardens, formerly owned by financier Noam Gottesman, at £117 million for his son Aditya Mittal. Mittal bought No.9a Palace Greens, Kensington Gardens, formerly the Filipino embassy, at £70 million in 2008 for his daughter Vanisha Mittal Bhatia. Mittal owns three prime properties collectively worth £500 million on the "Billionaire's Row" at Kensington Palace Gardens. A property at 21 Curzon Street in Mayfair was purchased as a wedding present for his daughter Vanisha Mittal with Amit Bhatia and was kitted out at a cost of £8m by Candy and Candy. The 26,000-square-feet house has an attached mews house which contains a full-size squash court and a night club. Mittal also owns a house called Summer Palace at 46B, The Bishops Avenue, which is dubbed as "Millionares Row" and is reportedly for sale at £40 million. In 2005, he also bought a colonial bungalow for $7.5 million at No.22, Aurangzeb Road in New Delhi, India, the most exclusive street in the city occupied by embassies and millionaires, and rebuilt it as a house. Slide 20: Mittal paid over £30 million to host his daughter Vanisha's wedding celebration in Vaux le Vicomte on 22 June 2004 and an engagement ceremony at the Palace of Versailles on 20 June 2004, the world's most expensive wedding ever. He even hosted a Bollywood night where superstars like Rani Mukerji, Saif Ali Khan, Shahrukh Khan and Aishwarya Rai performed. Kylie Minogue also sang on stage. VANISHA’S WEDDING Slide 21: CAUSES & CHARITY After witnessing India win only one medal, bronze, in the 2000 Summer Olympics, and one medal, silver, at the 2004 Summer Olympics, Mittal decided to set up Mittal Champions Trust with US$9 million to support 10 Indian athletes with world-beating potential.In 2008, Mittal awarded Abhinav Bindra with Rs. 1.5 Crore,for getting India its first individual Olympic gold medalin shooting. For Comic Relief 2007, he matched the money raised (~£1 million) on the celebrity special BBC programme, The Apprentice. ArcelorMittal also has a very active CSR program under which it sets out its path to produce Safe Sustainable Steel. The company also operates the ArcelorMittal Foundation, which provides support to many different community projects around the world in the countries where ArcelorMittal operates. Slide 22: CRITICISM & ALLEGATIONS PHS & Slave-labour allegations Environmental damage Queens Park Rangers The Mittal Affair: “Cash for Influence" NEXT PAGE Slide 23: PHS & Slave-labour allegations PHS Lakshmi Mittal successfully employed Marek Dochnal's consultancy to influence Polish officials in the privatization of PHS steel group, which was Poland's largest. Dochnal was later arrested for bribing Polish officials on behalf of Russian agents in a separate affair. In 2007 Polish government said it wants renegotiate the 2004 sale to Arcelor Mittal. Slave-labour allegations Employees of Mittal have accused him of "slave labour" conditions after multiple fatalities in his mines.During December 2004, twenty-three miners died in his mines in Kazakhstan caused by faulty gas detectors. PREVIOUS PAGE Slide 24: The Mittal Affair: “Cash for Influence" Controversy erupted in 2002 as Plaid MP Adam Price exposed the link between UK prime minister Tony Blair and Mittal in the Mittal Affair, also known as ‘Garbage gate ‘ or Cash for Influence. Mittal's LNM steel company, registered in the Dutch Antilles and maintaining less than 1% of its 100,000 plus workforce in the UK, sought Blair's aid in its bid to purchase Romania's state steel industry. The letter from Blair to the government, a copy of which Price was able to obtain, hinted that the privatisatioh of the firm and sale to Mittal might help smooth the way for Romania's entry into the European Union. The letter had a passage in it removed just prior to Blair's signing of it, describing Mittal as "a friend”. PREVIOUS PAGE Slide 25: Queens Park Rangers Recently, Mittal had emerged as a leading contender to buy and sell Barclays Premiership clubs Wigan and Everton. However on 20 December 2007 it was announced that the Mittal family had purchased a 20% shareholding in Queens Park football club joining Flavio Briatore and Mittal's friend Bernie Ecclestone. As part of the investment Mittal's son-in-law, Amit Bhatia, took place on the board of directors. The combined investment in the struggling club sparked suggestions that Mittal might be looking to join the growing ranks of wealthy investing heavily in English football and emulating other similar benefactors such as Roman Abramovich. On 19 February 2010, Flavio Briatore resigned as QPR chairman, and sold further shares in the club to Mittal, making Mittal the single largest shareholder. PREVIOUS PAGE Slide 26: Environmental damage Mittal purchased the Irish Steel plant based in Cork from the government for a nominal fee of £1. Three years later in 2001, it was closed, leaving 400 people redundant. Subsequent environmental issues at the site have been a cause for criticism. The Government tried to sue in the High Court to have him pay for the clean-up of Cork Harbour but failed. The clean up was expected to cost €70m. PREVIOUS PAGE Slide 27: OTHER ACTIVITIES MITTAL IS AN ACTIVE PHILANTHROPIST AND A MEMBER OF A MANY TRUSTS. L N Mittal is a member of following councils: The Foreign Investment Council in Kazakhstan, The International Investment Council in South Africa, The World Economic Forum’s International Business Council and The International Iron and Steel Institute’s Executive Committee. L N Mittal is on the advisory board of the Kellogg School Of Management in the US Slide 28: HONOURS &AWARDS 2007: He was awarded Padma Vibhushan ‘second in the hierarchy of civilian awards' by the President of India. 2007: He was awarded Dwight D Eisenhower Global Leadership Award, Grand Cross of Civil Merit from Spain ” and “Fellowship from King’s College”. 2006: He was awarded “International Newsmaker of the year “ by Time Magazine and the “Person of the year” by Financial Times. 2004: He was Awarded by Fortune magazine – European Businessman of the Year. 1998: Willy Korf Steel Vision Award - American Metal Market and PaineWeber’s World Steel Dynamics 1996: Steelmaker of the Year - New Steel Slide 29: The Leader in Mittal- A great individual A corporate leader in business Started the trend of mergers around the world A caring family man A complete human being Slide 30: “ This is not about creating a giant ….its about creating the sustainability of the steel industry..” “Always think outside the box and increase the opportunities that appear, wherever they might be” GREAT QUOTES BY MITTAL GREAT QUOTES BY MITTAL Slide 31: THANK YOU MADE BY-GAURAV AGRAWAL You do not have the permission to view this presentation. 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lakshmi mittal GauravAgrawal Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 3437 Category: Business & Fin.. License: All Rights Reserved Like it (5) Dislike it (1) Added: June 22, 2010 This Presentation is Public Favorites: 6 Presentation Description No description available. Comments Posting comment... By: malikjanrajannavar (3 month(s) ago) hi friend i like ur PPt could u pz send me this PPt............ Saving..... Post Reply Close Saving..... Edit Comment Close By: swapnilabc (7 month(s) ago) nice PPT Saving..... Post Reply Close Saving..... Edit Comment Close By: ashferrai (7 month(s) ago) CAN U PLEASE SEND THIS PPT Saving..... Post Reply Close Saving..... Edit Comment Close By: ashferrai (7 month(s) ago) FANTASTIC PPT Saving..... Post Reply Close Saving..... Edit Comment Close By: iamaquib (7 month(s) ago) please mail me this presentation it's an humble request Saving..... Post Reply Close Saving..... Edit Comment Close loading.... See all Premium member Presentation Transcript Slide 1: LAKSHMI MITTAL An inspiration for all entrepreneurs Slide 2: The Extraordinary Story Of Mittal Slide 3: LAKSHMI NIWAS 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. 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 a steel plant ISPAT INDO. His success has largely been built on buying up loss making steel owned mills and quickly turning them around. Slide 4: CEO & CHAIRMAN OF ARCELOR MITTAL Slide 5: BACKGROUND BORN: June 15,1950, Sadulpur, Rajasthan, India EARLY YEARS IN INDIA EXTENDED & POOR FAMILY 20 LIVED ON BARE FLOOR, SLEPT ON ROPE BEDS, COOKED ON OPEN FIRE ON THE BRICKYARD ON THE HOUSE BUILT BY HIS GRANDFATHER. Slide 6: STARTING THE CAREER Mittal started his career working in the family's steelmaking business in India. In 1976, when the family founded its own steel business, he set out to establish its international division, beginning with the buying of a run-down plant in Indonesia. Shortly afterwards he married Usha, the daughter of a well-to-do moneylender. In 1994, due to differences with his father, mother and brothers, he branched out on his LNM Group in 1976 and has been responsible for the development of its businesses ever since. Since Then Acquisition Was The Reason For The Growth Of His Business Slide 7: In the last few years Mittal Steel has made a number of acquisitions, buying up a network of steel producers in former communist countries including Kazakhstan, Romania and Ukraine, and pushing into the U.S. in 2004 with the $4.5 billion purchase of International Steel Group. Today, Mittal Steel is the only truly global steel producer in the world with operations on 14 countries, spanning 4 continents. Mittal pioneered the development of integrated mini-mills and the use of Direct Reduced Iron or “DRI” as a scrap substitute for steelmaking and led the consolidation process of the global steel industry. Mittal Steel is the largest steelmaker in the world, with shipments of 42.1 million tons of steel and profits of over $22 billion in 2004. Major Acquisitions 1989 – Acquisition of Iron and Steel company of Trinidad and Tobago 1992 – Acquisition of Sibalsa 1994 - Acquisition of Sidbec dosco 1995 - Acquisition of Hamburger Stahlwerke, ISPAT International Ltd and ISPAT Shipping formed/ Acquisition of Karmet 1997 - ISPAT International goes public 1998 - Acquisition of Inland Steel Companies 1999 - Acquisition of Unimetal 2001 - Acquisition of ALFASID/Acquisition of Sidex 2002 - Business assistance agreement signed with ISCOR 2003 - Acquisition of NOVA HUT 2004 - Acquisition of Polski Huty State/ Acquisition of B H Steel / Acquisition of Macdenonia Facilities from Balkan Steel / Creation of Mittal Steel and Proposed Acquisition of International Steel 2005 - Acquisition of Stake in Hunan Valin / ISG Acquisition completed / Mittal Steel Europe created / Mittal steel makes Fortune 500 / MDA with Liberian Government / Acquisition of Kryvorizhstal / Acquisition of Stelco subsidiaries 2006 - Merger with Arcelor Slide 8: ARCELORMITTAL ArcelorMittal (Euronext: MT, NYSE: MT, BMAD: MTS, LuxSE MT) is the largest steel company in the world, with total Assets worth US$65.40 billion (2009) and over 281,000 employees in more than 60 countries. The company was formed in 2006 by the merger of Arcelor and Mittal Steel.It ranks 28th on the 2009 Fortune Global 500 list. The company is headquartered in Luxembourg City, the former seat of Arcelor. It’s total equity is US$65.40 billion (2009). Slide 9: ARCELORMITTAL BUSINESS Organizational structure NEXT PAGE Slide 10: BUSINESS ArcelorMittal is the world's largest steel company and is the market leader in steel for use in automotive, construction, household appliances and packaging. It holds sizeable captive supplies of raw materials and operates extensive distribution networks. Its industrial presence in Europe, Asia , Africa and the America gives the Group exposure to all the key steel markets, from emerging to mature. ArcelorMittal is looking to develop positions in the high-growth Indian and Chinese markets. ArcelorMittal key financials for 2007 show revenues of US$105.2 billion, with a crude steel production of 116 million tonnes, representing 10% of world steel output. ArcelorMittal is listed on the stock exchanges of New York, Amsterdam, Paris, Brussels, Luxembourg and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia. As of 4 November 2008, the market capitalisation of ArcelorMittal was $35.37B. In December, 2008, ArcelorMittal announced several plant closings, including the former Bethlehem Steel plant in Lackawanna, NY and LTV Steel in Hennepin, IL . PREVIOUS PAGE Slide 11: Organizational structure Lakshmi Mittal (owner of Mittal Steel), a non-resident Indian, is the Chairman and CEO. The composition of ArcelorMittal's Group Management Board is as follows: Lakshmi N. Mittal (Chairman and CEO), Aditya Mittal (CFO), Michel Wurth, Gonzalo Urquijo, Sudhir Maheshwari, Christophe Cornier, Davinder Chugh and Peter Kukielski. ArcelorMittal's 11-member Board of Directors is responsible for the overall supervision of the company. The composition of the Board of Directors reflects the principles agreed in the memorandum of understanding dated 25 June 2006. PREVIOUS PAGE Slide 12: CURRENT STATUS World’s largest and most global steel company with shipment of 49.2 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 Slide 13: Personal Wealth In 2010, Forbes magazine listed Mittal the world's fifth richest person with personal wealth of US$28.7 billion. His wealth has grown by overUS$9 billion compared to 2009 and is up 3 places in the Forbes ranking. The Mittal family owns 44% of Arcelor Mittal, the world's largest steel company. His residence at 18-19 Kensington Palace Gardens was bought from Formula One car racing boss Bernie Ecclestone in 2004 for £57.1 million ($105.7 million), the world's highest price ever paid for a house. Formerly, this house was the residence of Paul Reuter,the founder of the Reuters news service. Slide 14: FAMILY ADITYA & VANISHA MITTAL LAKSHMI MITTAL USHA MITTAL NEXT PAGE Slide 15: PREVIOUS PAGE LAKSHMI MITTAL Slide 16: USHA MITTAL PREVIOUS PAGE Slide 17: PREVIOUS PAGE ADITYA & VANISHA MITTAL Slide 18: Mittal’s Residences Mittal presently lives in Kensington, London. His residence at 18-19 Kensington Palace Gardens which was purchased from Formula One boss Bernie Ecclestone in 2004 for £57 million (US$128 million), making it the world's most expensive house at the time. Mittal's house in Kensington, London is decorated with marble taken from the same quarry that supplied the Taj Mahal. The extravagant show of wealth has been referred to as the "Taj Mittal". It has 12 bedrooms, an indoor pool, Turkish baths and parking for 20 cars. Mittal bought No.6 Palace Greens, Gardens, formerly owned by financier Noam Gottesman, at £117 million for his son Aditya Mittal. Mittal bought No.9a Palace Greens, Kensington Gardens, formerly the Filipino embassy, at £70 million in 2008 for his daughter Vanisha Mittal Bhatia. Mittal owns three prime properties collectively worth £500 million on the "Billionaire's Row" at Kensington Palace Gardens. A property at 21 Curzon Street in Mayfair was purchased as a wedding present for his daughter Vanisha Mittal with Amit Bhatia and was kitted out at a cost of £8m by Candy and Candy. The 26,000-square-feet house has an attached mews house which contains a full-size squash court and a night club. Mittal also owns a house called Summer Palace at 46B, The Bishops Avenue, which is dubbed as "Millionares Row" and is reportedly for sale at £40 million. In 2005, he also bought a colonial bungalow for $7.5 million at No.22, Aurangzeb Road in New Delhi, India, the most exclusive street in the city occupied by embassies and millionaires, and rebuilt it as a house. Slide 20: Mittal paid over £30 million to host his daughter Vanisha's wedding celebration in Vaux le Vicomte on 22 June 2004 and an engagement ceremony at the Palace of Versailles on 20 June 2004, the world's most expensive wedding ever. He even hosted a Bollywood night where superstars like Rani Mukerji, Saif Ali Khan, Shahrukh Khan and Aishwarya Rai performed. Kylie Minogue also sang on stage. VANISHA’S WEDDING Slide 21: CAUSES & CHARITY After witnessing India win only one medal, bronze, in the 2000 Summer Olympics, and one medal, silver, at the 2004 Summer Olympics, Mittal decided to set up Mittal Champions Trust with US$9 million to support 10 Indian athletes with world-beating potential.In 2008, Mittal awarded Abhinav Bindra with Rs. 1.5 Crore,for getting India its first individual Olympic gold medalin shooting. For Comic Relief 2007, he matched the money raised (~£1 million) on the celebrity special BBC programme, The Apprentice. ArcelorMittal also has a very active CSR program under which it sets out its path to produce Safe Sustainable Steel. The company also operates the ArcelorMittal Foundation, which provides support to many different community projects around the world in the countries where ArcelorMittal operates. Slide 22: CRITICISM & ALLEGATIONS PHS & Slave-labour allegations Environmental damage Queens Park Rangers The Mittal Affair: “Cash for Influence" NEXT PAGE Slide 23: PHS & Slave-labour allegations PHS Lakshmi Mittal successfully employed Marek Dochnal's consultancy to influence Polish officials in the privatization of PHS steel group, which was Poland's largest. Dochnal was later arrested for bribing Polish officials on behalf of Russian agents in a separate affair. In 2007 Polish government said it wants renegotiate the 2004 sale to Arcelor Mittal. Slave-labour allegations Employees of Mittal have accused him of "slave labour" conditions after multiple fatalities in his mines.During December 2004, twenty-three miners died in his mines in Kazakhstan caused by faulty gas detectors. PREVIOUS PAGE Slide 24: The Mittal Affair: “Cash for Influence" Controversy erupted in 2002 as Plaid MP Adam Price exposed the link between UK prime minister Tony Blair and Mittal in the Mittal Affair, also known as ‘Garbage gate ‘ or Cash for Influence. Mittal's LNM steel company, registered in the Dutch Antilles and maintaining less than 1% of its 100,000 plus workforce in the UK, sought Blair's aid in its bid to purchase Romania's state steel industry. The letter from Blair to the government, a copy of which Price was able to obtain, hinted that the privatisatioh of the firm and sale to Mittal might help smooth the way for Romania's entry into the European Union. The letter had a passage in it removed just prior to Blair's signing of it, describing Mittal as "a friend”. PREVIOUS PAGE Slide 25: Queens Park Rangers Recently, Mittal had emerged as a leading contender to buy and sell Barclays Premiership clubs Wigan and Everton. However on 20 December 2007 it was announced that the Mittal family had purchased a 20% shareholding in Queens Park football club joining Flavio Briatore and Mittal's friend Bernie Ecclestone. As part of the investment Mittal's son-in-law, Amit Bhatia, took place on the board of directors. The combined investment in the struggling club sparked suggestions that Mittal might be looking to join the growing ranks of wealthy investing heavily in English football and emulating other similar benefactors such as Roman Abramovich. On 19 February 2010, Flavio Briatore resigned as QPR chairman, and sold further shares in the club to Mittal, making Mittal the single largest shareholder. PREVIOUS PAGE Slide 26: Environmental damage Mittal purchased the Irish Steel plant based in Cork from the government for a nominal fee of £1. Three years later in 2001, it was closed, leaving 400 people redundant. Subsequent environmental issues at the site have been a cause for criticism. The Government tried to sue in the High Court to have him pay for the clean-up of Cork Harbour but failed. The clean up was expected to cost €70m. PREVIOUS PAGE Slide 27: OTHER ACTIVITIES MITTAL IS AN ACTIVE PHILANTHROPIST AND A MEMBER OF A MANY TRUSTS. L N Mittal is a member of following councils: The Foreign Investment Council in Kazakhstan, The International Investment Council in South Africa, The World Economic Forum’s International Business Council and The International Iron and Steel Institute’s Executive Committee. L N Mittal is on the advisory board of the Kellogg School Of Management in the US Slide 28: HONOURS &AWARDS 2007: He was awarded Padma Vibhushan ‘second in the hierarchy of civilian awards' by the President of India. 2007: He was awarded Dwight D Eisenhower Global Leadership Award, Grand Cross of Civil Merit from Spain ” and “Fellowship from King’s College”. 2006: He was awarded “International Newsmaker of the year “ by Time Magazine and the “Person of the year” by Financial Times. 2004: He was Awarded by Fortune magazine – European Businessman of the Year. 1998: Willy Korf Steel Vision Award - American Metal Market and PaineWeber’s World Steel Dynamics 1996: Steelmaker of the Year - New Steel Slide 29: The Leader in Mittal- A great individual A corporate leader in business Started the trend of mergers around the world A caring family man A complete human being Slide 30: “ This is not about creating a giant ….its about creating the sustainability of the steel industry..” “Always think outside the box and increase the opportunities that appear, wherever they might be” GREAT QUOTES BY MITTAL GREAT QUOTES BY MITTAL Slide 31: THANK YOU MADE BY-GAURAV AGRAWAL