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Thursday, August 6, 2009

Lakshmi Mittal - Success Story

Lakshmi Mittal - Success Story
Born: June 15, 1950, Sadulpur, Rajasthan, India.

Age: 59

Country Of Citizenship: India

Residence: London , United Kingdom, Europe & Russia

Religious stance: Hinduism

Occupation: Chairman & CEO of Arcelor Mittal

Net worth: $51.0 billion USD

Fortune: Inherited and growing

Source: Steel

Industry: Manufacturing

Website: mittalsteel.com

Marital Status: Married, 2 children

Education: St Xavier's College Calcutta, Bachelor of Arts / Science.

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Lakshmi Narayan Mittal (born June 15, 1950) is a London-based Indian billionaire industrialist, born in Sadulpur Village, in the Churu district of Rajasthan, India, and residing in Kensington, London. He is the fifth richest person in the world, with a personal fortune of US$32.0 billion according to Forbes 500.The Financial Times named Mittal its 2006 Person of the Year. In May 2007, he was named one of the "100 most influential people" by Time magazine.

Lakshmi spent his first years in India, living with his extended family on bare floors and rope beds in a house built by his grandfather. His family, from the Marwari Aggarwal castel, was from humble roots; his grandfather worked for the Tarachand Ghanshyamdas Poddar firm, one of the leading Marwari industrial firms of pre-independence India. They eventually moved to Calcutta where his father, Mohan, became a partner in a steel company and made a fortune.

Lakshmi was a keen student and his classmates knew him as a sharp student who was good with numbers. He graduated at the top from St. Xavier's College in Calcutta (Now known as Kolkata) with a Bachelor of Commerce degree in Business and Accounting in 1969.

Lakshmi Mittal began his career working in the family's steelmaking business in India, and in 1976, when the family founded its own steel business, Mittal 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 and brothers, he branched out on his own, taking over the international operations of the Mittal steel business, which was already owned by the family. The family of Mittal never spoke to the public about the reasons for the split, although, there were rumors it was due to financial instablity between the brothers.

Controversy erupted in 2002 as Plaid MP Adam Price exposed the link between U.K. prime minister Tony Blair and steel magnate Lakshmi Mittal in the Mittal Affair, also known as 'Garbagegate' 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 U.K., sought Blair's aid in its bid to purchase Romania's state steel industry. The letter from Blair to the Romanian government, a copy of which Price was able to obtain, hinted that the privatisation 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."

In exchange for Blair's support Mittal, already a Labour contributor, donated £125,000 more to Labour party funds a week after the 2001 U.K. General Elections, while as many as six-thousand Welsh steelworkers were laid off that same year, Price and others pointed out. Mittal's company, then the fourth largest in the world, was a "major global competitor of Britain's own struggling steel industry, Corus, formerly known as British Steel." Corus and Valkia Limited were two of the primary employers in south Wales, particularly in Ebbw Vale, Llanwern, and Port Talbot.

Since 2005, Mittal has been the richest person residing in the United Kingdom. He is the President of the Board of Directors and CEO of Arcelor Mittal; Arcelor Mittal is the world's largest producer of steel, with assets in France, Belgium, Romania, Bosnia-Herzegovina, South Africa, Poland, Czech Republic, Indonesia, Kazakhstan, Canada, Bulgaria, United States and Brazil. On July 13, 2005 it was announced that he had donated £2 million to the Labour Party, and on January 16, 2007 it was announced that he had donated a further £3 million. Although Mittal has been living abroad for many years, he claims he will remain an Indian.

In March 2007, Mittal was reported to be the 5th wealthiest person in the world by Forbes Magazine (up from 61st richest in 2004). 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.

Mittal has two children. His son, Aditya Mittal, is the CFO of Arcelor Mittal. 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.

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 deemed the "Taj Mittal."

Recently, Mittal has emerged as a leading contender to buy Barclays Premiership clubs Wigan and Everton, but has so far refused to comment.

As of 8th October 2007, the 44.79% stake which the Mittal family have in Arcelor-Mittal was worth $47.159 billion dollars, down from $48.4 billion in late September. This makes him the world's 5th wealthiest man after Bill Gates, Warren Buffet, Carlos Slim and Ingvar Kamprad. As of 11th October 2007, his stake was worth $50.56 billion dollars, making him the fifth person in the world to have more than $50 b wealth.

After witnessing India win only one medal, bronze, in the 2000 Olympics, and one medal, silver, at the 2004 Olympics, Mittal decided to set up Mittal Champions Trust with U$9 million to support 10 Indian athletes with world-beating potential.

For Comic Relief 2007, he matched the money raised (~£1 million) on the celebrity special BBC programme, The Apprentice.

Learning to Dance in the Rain

An excerpt from
Learning to Dance in the Rain
by Mac Anderson and BJ Gallagher
The date was July 16, 2008. It was late in the afternoon and I was sitting in my hotel room in Louisville, Kentucky. I was scheduled to speak that evening for the Kentucky Association of School Administrators (KASA). I was a little "down in the dumps." I hadn't gotten to exercise lately because of my traveling schedule and recently I'd experienced some mild bouts of vertigo (that inner ear condition that can cause the room to start spinning.) You got it...speaking and "spinning" are not good partners!
My keynote presentation was scheduled for 7:00 PM, but I had been invited to show up at 6:00 to see a performance they said I'd enjoy. Little did I know that I was about to see something I would never forget.
They introduced the young musician. Welcome...Mr. Patrick Henry Hughes. He was rolled onto the stage in his wheelchair, and began to play the piano. His fingers danced across the keys as he made beautiful music.
He then began to sing as he played, and it was even more beautiful. For some reason, however, I knew that I was seeing something special. There was this aura about him that I really can't explain and the smile...his smile was magic!
About ten minutes into Patrick's performance, someone came on the stage and said..."I'd like to share a 7-minute video titled, The Patrick Henry Hughes story." And the lights went dim.
Patrick Henry Hughes was born with no eyes, and a tightening of the joints which left him crippled for life. However, as a child, he was fitted with artificial eyes and placed in a wheelchair. Before his first birthday, he discovered the piano. His mom said, "I could hit any note on the piano, and within one or two tries, he'd get it." By his second birthday, he was playing requests (You Are My Sunshine, Twinkle Twinkle Little Star). His father was ecstatic. "We might not play baseball, but we can play music together."
Today, Patrick is a junior at the University of Louisville. His father attends classes with him and he's made nearly all A's, with the exception of 3 B's He's also a part of the 214 member marching band. You read it right...the marching band! He's a blind, wheelchair-bound trumpet player; and he and his father do it together. They attend all the band practices and the half-time performance in front of thousands. His father rolls and rotates his son around the field to the cheers of Patrick's fans. In order to attend Patrick's classes and every band practice, his father works the graveyard shift at UPS. Patrick said..."My dad's my hero."
But even more than his unbelievable musical talent, it was Patrick's "attitude of gratitude" that touched my soul. On stage, between songs, he would talk to the audience about his life and about how blessed he was. He said, "God made me blind and unable to walk. BIG DEAL! He gave me the ability...the musical gifts I have...the great opportunity to meet new people."
When his performance was over, Patrick and his father were on the stage together. The crowd rose to their feet and cheered for over five minutes. It gave me giant goose bumps!
My life was ready to meet Patrick Henry Hughes. I needed a hero, and I found one for the ages. If I live to be a hundred, I'll never forget that night, that smile, that music, but most importantly, that wonderful "attitude of gratitude."
I returned to Chicago and shared Patrick's story with my wife, my friends, and our team at Simple Truths. About two weeks later, I received a letter from a friend. He said, "Mac, I don't know who said it, but I think you'll love this quote."
"Life is not about waiting for the storms to pass...
it's about learning how to dance in the rain!"
I thought...that's it! We all face adversity in our life. However, it's not the adversity, but how we react to it that will determine the joy and happiness in our life. During tough times, do we spend too much time feeling sorry for ourselves, or, can we, with gratitude...learn how to dance in the rain?
It almost sounds too simple to feel important, but one word...gratitude, can change your attitude, thus, your life, forever. Sarah Breathnack said it best...
"When we choose not to focus on what is missing from our lives but are grateful for the abundance that's present....we experience heaven on earth."

Be a Believer to be an Achiever

The professor stood before his class of 30 senior molecular biology students, about to pass out the final exam. 'I have been privileged to be your instructor this semester, and I know how hard you have all worked to prepare for this test. I also know most of you are off to medical school or grad school next fall,' he said to them.

'I am well aware of how much pressure you are under to keep your GPAs up, and because I know you are all capable of understanding this material, I am prepared to offer an automatic 'B' to anyone who would prefer not to take the final.'

The relief was audible as a number of students jumped up to thank the professor and departed from class. The professor looked at the handful of students who remained, and offered again, 'Any other takers? This is your last opportunity.' One more student decided to go.

Seven students remained. The professor closed the door and took attendance. Then he handed out the final exam. There were two sentences typed on the paper:

'Congratulations, you have just received an 'A' in this class. Keep believing in yourself.'

I never had a professor who gave a test like that. It may seem like the easy way out of grading a bunch of exams, but it's a test that any teacher in any discipline could and should give. Students who don't have confidence in what they've learned are 'B' students at best.

The same is true for students of real life. The 'A' students are those who believe in what they're doing because they've learned from both successes and failures. They've absorbed life's lessons, whether from formal education or the school of hard knocks, and become better people.

Those are the people who you look for when you're hiring or promoting, and the ones you keep if you're downsizing. Your organisation needs their brand of thinking.

Psychologists say that by the age of two, 50 percent of what we ever believe about ourselves has been formed; by age six, 60 percent, and at eight years, 80 percent. Wouldn't you love to have the energy and optimism of a little kid? There is nothing you couldn't do or learn or be.

But you're a big kid now, and you realise you have some limits. Don't let the biggest limit be yourself. Take your cue from Sir Edmund Hillary, the first person to reach the summit of Mount Everest: 'It's not the mountain we conquer, but ourselves.'

Believing in yourself comes from knowing what you are really capable of doing. When it's your turn to step up to the plate, realise that you won't hit a homerun every time. Baseball superstar Mickey Mantle struck out more than 1,700 times, but it didn't stop him from excelling at baseball. He believed in himself, and he knew his fans believed in him.

Surround yourself with positive people - they know the importance of confidence and will help you keep focused on what you can do instead of what you can't. Who you surround yourself with is who you become.

Never stop learning! I would work this advice into every column if I could; it's that important. Don't limit yourself only to work-related classes, either. Learn everything about every subject that you can. When you know what you're talking about, it shows.

Be very careful not to confuse confidence with a big ego. If you want people to believe in you, you also have to believe in them. Understand well that those around you also have much to contribute, and they deserve your support. Without faith in yourself and others, success is impossible.

At the end of a particularly frustrating practice one-day, a football coach dismissed his players by yelling, 'Now all you idiots, go take a shower!' All but one player headed toward the locker room. The coach glared at him and asked why he was still there.

'You told all the idiots to go, Sir,' the player replied, 'and there sure seems to be a lot of them. But I am not an idiot.'

Confident? You bet. And smart enough to coach that team some day.

Moral: Believe in yourself, even when no one else does.



Written by Harvey Mackay

Author of the New York Times bestsellers

'Swim With The Sharks Without Being Eaten Alive' and 'Pushing The Envelope.'

The Perfect Heart

The Perfect Heart ....

One day a young man was standing in the middle of the town proclaiming that he had the most beautiful heart in the whole valley.

A large crowd gathered and they all admired his heart for it was perfect. There was not a mark or a flaw in it.

Yes, they all agreed it truly was the most beautiful heart they had ever seen. The young man was very proud and boasted more loudly about his beautiful heart. Suddenly, an old man appeared at the front of the crowd and said,

"Why your heart is not nearly as beautiful as mine." The crowd and the young man looked at the old man's heart. It was beating strongly, but full of scars, it had places where pieces had been removed and other pieces put in, but they didn't fit quite right and there were several jagged edges.

In fact, in some places there were deep gouges where whole pieces were missing.

The people stared -- how can he say his heart is more beautiful, they thought? The young man looked at the old man's heart and saw its state and laughed. "You must be joking," he said. "Compare your heart with mine, mine is perfect and yours is a mess of scars and tears."

"Yes," said the old man, "yours is perfect looking but I would never trade with you. You see, every scar represents a person to whom I have given my love - I tear out a piece of my heart and give it to them, and often they give me a piece of their heart which fits into the empty place in my heart, but because the pieces aren't exact, I have some rough edges, which I cherish, because they remind me of the love we shared. Sometimes I have given pieces of my heart away, and the other person hasn't returned a piece of his heart to me.

These are the empty gouges -- giving love is taking a chance. Although these gouges are painful, they stay open, reminding me of the love I have for these people too, and I hope someday they may return and fill the space I have waiting. So now do you see what true beauty is?"

The young man stood silently with tears running down his cheeks. He walked up to the old man, reached into his perfect young and beautiful heart, and ripped a piece out.

He offered it to the old man with trembling hands. The old man took his offering, placed it in his heart and then took a piece from his old scarred heart and placed it in the wound in the young man's heart. It fit,

But not perfectly, as there were some jagged edges. The young man looked at his heart, not perfect anymore but more beautiful than ever, since love from the old man's heart flowed into his. They embraced and walked away side by side.

Footprints

One night a man had a dream. He dreamed He was walking along the beach with the Lord.

Across the sky flashed scenes from his life. For each scene he noticed two sets of Footprints in the sand: one belonging To him, and the other to the Lord.

When the last scene of his life flashed before him, He looked back at the footprints in the sand.

He noticed that many times along the path of His life there was only one set of footprints.

He also noticed that it happened at the very Lowest and saddest times in his life.

This really bothered him and he Questioned the Lord about it:

"Lord, you said that once I decided to follow You, you'd walk with me all the way.

But I have noticed that during the most Troublesome times in my life, There is only one set of footprints.

I don't understand why when I needed you most you would leave me."

The Lord replied:

"My son, my precious child, I love you and I would never leave you.

During your times of trial and suffering, When you see only one set of footprints, It was then that I carried you."

Lies of a Mother

EIGHT LIES OF A MOTHER

1.The story began when I was a child;
I was born as a son of a poor family.
Even for eating, we often got lack of food.
Whenever the time for eating, mother often gave me her portion of rice.
While she was removing her rice into my bowl,
she would say "Eat this rice, son. I'm not hungry".
That was Mother's First Lie

2.When I was getting to grow up,
the persevering mother gave her spare time for fishing in a river near our house,
she hoped that from the fishes she got,
she could gave me a little bit nutritious food for my growth.
After fishing, she would cook the fishes to be a fresh fish soup,
which raised my appetite. While I was eating the soup,
mother would sit beside me and eat the rest meat of fish,
which was still on the bone of the fish I ate.
My heart was touched when I saw it.
I then used my chopstick and gave the other fish to her.
But she immediately refused it and said "Eat this fish, son.
I don't really like fish."
That was Mother's Second Lie.

3.Then, when I was in Junior High School,
to fund my study,
mother went to an economic enterprise to bring some used-matches boxes that would be stuck in.
It gave her some money for covering our needs.
As the winter came,
I woke up from my sleep and looked at my mother who was still awoke,
supported by a little candlelight and within her perseverance she continued
the work of sticking some used-matches box.
I said, "Mother, go to sleep, it's late,
tomorrow morning you still have to go for work.
" Mother smiled and said "Go to sleep,
dear. I'm not tired."
That was Mother's Third Lie.

4.At the time of final term,
mother asked for a leave from her work in order to accompany me.
While the daytime was coming and the heat of the sun was starting to shine,
the strong and persevering mother
waited for me under the heat of the sun's shine for several hours.
As the bell rang, which indicated that the final exam had finished,
mother immediately welcomed me and poured me a glass of tea
that she had prepared before in a cold bottle.
The very thick tea was not as thick as my mother's love,
which was much thicker. Seeing my mother covering with perspiration,
I at once gave her my glass and asked her to drink too.
Mother said "Drink, son. I'm not thirsty!".
That was Mother's Fourth Lie.

5.After the death of my father because of illness,
my poor mother had to play her role as a single parent.
By held on her former job, she had to fund our needs alone.
Our family's life was more complicated. No days without sufferance.
Seeing our family's condition that was getting worse,
there was a nice uncle who lived near my house came to help us,
either in a big problem and a small problem.
Our other neighbors who lived next to us saw that our family's life was so unfortunate,
they often advised my mother to marry again. But mother,
who was stubborn, didn't care to their advice,
she said "I don't need love."
That was Mother's Fifth Lie.

6.After I had finished my study and then got a job,
it was the time for my old mother to retire.
But she didn't want to; she was sincere to go to the marketplace every morning,
just to sell some vegetable for fulfilling her needs.
I, who worked in the other city, often sent her some money to help her in fulfilling her needs,
but she was stubborn for not accepting the money.
She even sent the money back to me.
She said "I have enough money."
That was Mother's Sixth Lie.

7.After graduated from Bachelor Degree,
I then continued my study to Master Degree.
I took the degree, which was funded by a company through a scholarship program,
from a famous University in America .
I finally worked in the company. Within a quite high salary,
I intended to take my mother to enjoy her life in America .
But my lovely mother didn't want to bother her son,
she said to me "I'm not used to."
That was Mother's Seventh Lie.

8.After entering her old age,
mother got a flank cancer and had to be hospitalized.
I, who lived in miles away and across the ocean,
directly went home to visit my dearest mother.
She lied down in weakness on her bed after having an operation.
Mother, who looked so old, was staring at me in deep yearn.
She tried to spread her smile on her face;
even it looked so stiff because of the disease she held out.
It was clear enough to see how the disease broke my mother's body,
thus she looked so weak and thin.
I stared at my mother within tears flowing on my face.
My heart was hurt, so hurt, seeing my mother on that condition.
But mother, with her strength, said "Don't cry, my dear.
I'm not in pain."
That was Mother's Eight Lie.

After saying her eighth lie, She closed her eyes forever!

THE TAILOR'S NEEDLE

A tailor was at work. He took a piece of cloth and with a pair of shining, costly, scissors, he cut the cloth into various bits. Then he put the pair of scissors at his feet.

Then he took a small needle and thread and started to sew the bits of cloth, into a fine shirt. When the spell of sewing was over, he stuck the needle on to his turban.

The tailor’s son who was watching it asked him: "Father, the scissors are costly and look so beautiful. But you throw them down at your feet. This needle is worth almost nothing; you can get a dozen for a cent. Yet, you place it carefully on your head itself. Is there any reason for this illogical behaviour?"

"Yes, my son. The scissors have their function, no doubt; but they only cut the cloth into bits. The needle, on the contrary, unites the bits and enhances the value of the cloth. Therefore, the needle to me is more precious and valuable. The value of a thing depends on its utility, son, not on its cost-price or appearance."

Similarly, there are two classes of people in the world-those who create dissensions and disharmony, who separate man from man; and those who bring about peace and harmony, who unite people. *

The former are generally the rich people, powerful politicians and kings; the latter are generally the poor devotees of God, the penniless wandering monks, and mendicants. The Lord makes use of both to carry on his function of providing the field for the evolution of individual souls. He throws down on the dust the mighty kings and millionaires who create wars and disharmony; and He keeps the poor, pious devotee over His own head. In His eyes the scale of values is entirely different!