Wednesday, December 28, 2005

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.

Mittal has sure cruised a long way through the rugged terrains to be acclaimed as the third richest man in this world.Which started as a small firm called Ispat is now the World's Largest producer of steel christened as Mittal Steel. Nearly 40% of the world's steel produce origin from his stable.
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


" Hard work certainly goes a long way. These days a lot of people work hard, so you have to make sure you work even harder and really dedicate yourself to what you are doing and setting out to achieve."

The secret behind his success is his attitude.Mittal, till now hasn't given up over anything in his life. His buzz word is try,try,try and if you do not achieve it, still try even harder to achieve there is nothing such as giving up in this world.

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