Lakshmi N.Mittal - Man of steel
If Sardar Vallabhai Patel is cherished as the Iron man of India;Mittal has gone few steps ahead to distinguish himself as the Steel man of this world. Mittal is often acclaimed as King Midas when it comes to the steel industry.History affirms that the strategy adopted by him is to acquire ailing firms and make it profitable under his dynamic leadership.An instance may be quoted where his first acquisition was Iscott steel of Trinidad which operated with a loss of $100,000 a day.In a years time it was yet another feather in his crown of steel and thus started his Midas touch.Till now there has never been an occasion to look back.
So what has made this Bachelor of arts graduate to race ahead the top notch personalities in this world.He was just another boy who was a victim of poverty from the state of Rajasthan.Its his sheer foresight and his ability to turnaround the fortunes of the companies he takes over.One of his saying goes like