May 31, 2023
In the case of steel, he is given the name of ‘Steel King’ or ‘Steel Emperor’. Lakshmi Mittal is an Indian industrialist and the CEO and chairman of ArcelorMittal, the world’s largest steel producer. Lakshmi Niwas Mittal had so much faith in his ability and his hard work that he allowed every business of his father in India to remain in the name of the brothers and he made up his mind to do steel business outside India. Then he made such a big jump that he also got the title of the richest person in Britain. It has become common to say about him that he has the ‘Midas touch’ in the matter of steel. Give them to any sick unit, they will soon turn it into a profitable unit. He is famous all over the world by the name of Steel King. He is an NRI living in Kensington, London.
Date of Birth: Thursday, June 15, 1950
Birth Time: 10:10:00 AM
Birth Place: Sadulpur, Rajasthan, India
Moon Sign: Taurus
Sun Sign (Western): Gemini
Sun Sign (Indian): Gemini
Lakshmi Mittal was born in a joint family on 15 June 1950 in Rajgarh, Rajasthan in a Marwari family. Later his family shifted from Rajasthan to Calcutta. His father’s name was Mohan Lal Mittal and his mother’s name was Geeta Mittal. Lakshmi was born in a joint family and later her family moved to Kolkata. His wife’s name is Usha Mittal. Lakshmi Mittal’s son’s name is Aditya Mittal and Lakshmi Mittal’s daughter’s name is Vanisha Mittal. Aditya is the current CEO of ArcelorMittal and Vanisha is the director of ArcelorMittal. Vanisha is wedded to billionaire and philanthropist Amit Bhatia. He has two brothers whose names are Pramod Mittal and Vinod Mittal. His father Mohanlal Mittal had a steel occupation. He graduated in Business and Accounting from St. Xavier’s College, Calcutta.
From 1957 to 1964, Lakshmi attended the Sri Daulatram Noppani Vidyalaya in Calcutta. He graduated from St. Xavier’s College. The college is allied with the University of Kolkata with a B.Com degree. Lakshmi Mittal worked at the mill while attending St Xavier’s College and studying science. After graduating in 1970, he worked as an apprentice in a mill before setting up his own steel factory in Indonesia in 1976.
In 1976, 26-year-old Lakshmi Niwas Mittal set up his first steel plant, P.T. Ispat Indo established in Sidoarjo, Indonesia. In 1989, he started steel works in Trinidad. He started the Mittal Steel Company by merging other companies of the Mittal Group. Eventually, after the 1990s, the Mittal household’s net worth in India includes a cold rolling mill for sheet steel in Nagpur and an alloy steel plant set up near Pune. Today, the Mittal family occupations in India, which include a huge integrated steel plant near Mumbai, are run by Vinod and Pramod Mittal, but Lakshmi Mittal has nothing to do with these businesses.
In March 2008, Forbes magazine choose Lakshmi Mittal as the 4th richest person in the world. Lakshmi was said to be the richest person in Asia. Currently, Lakshmi Mittal is the CEO and Chairman of Arcelor Mittal Steel Company. In 2008, the Government of India distinguished him with the Padma Vibhushan Award.
Mittal Steel acquired the multinational steel company Arcelor in 2006. ArcelorMittal is the world’s largest steel producer. After this Lakshmi Mittal bought some steel companies in Canada, Germany, and Kazakhstan and became the biggest player in this sector. After this, Lakshmi Mittal bought Mexico’s steel company Cibalsa in 1992 for $ 220 million.
In the horoscope of Lakshmi Mittal, one of the top ten richest men in India, her Ascendant Sun is in the 11th house of benefits and is forming a Raja Yoga, being aspected by benefic Jupiter, which is her 5th lord, the 2nd lord of wealth Are. Mercury who is also the 11th lord of profit is in the great 10th house of profession and is forming a great Raja Yoga with exalted Moon, his 10th lord of profession Venus is in the great 9th house, his 9th lord Mars is with him. Dhanasthan and Upar are well in the seventh house and well placed in the Lagna with Saturn and Jupiter in mutual aspect forming another Rajyoga.
As per online astrology consultation, the powerful Sun, the lord of the Ascendant, is in the dual nature of the first air sign Gemini and is situated in the eleventh house, which is the factor of profit, friends, general relations, and fulfillment of wishes. Jupiter, the lord of the fifth house, is the Sun. This indicates that Lakshmi Mittal is born into an affluent family and has become one of the richest through his own efforts. Saturn is the ruler of the sixth house and also holds the portfolio of the seventh house. Saturn’s placement in the first house makes Lakshmi Mittal a strong nature and eager to prove her net worth. Jupiter is at the end of Vayu Rashi Aquarius and is situated in the seventh house. This protest made Lakshmi Mittal, an Indian steel magnate a steel magnate and the richest person. Mars is considered to be the most beneficial aka ‘Yoga Karak’ for Leo Ascendant. Mars is also the lord of the fourth and ninth house. Mars is in the dualistic Earth sign Virgo and with malefic Ketu in the 2nd house, mainly associated with finance. The second house is the domain of Mercury. Mercury is with an exalted Moon in Taurus, an earth sign with a fixed nature. Both are situated in the tenth house. This position helps Lakshmi Mittal to settle abroad and earn big money. The tenth house is ruled by Venus. Venus is in the first house of the fire sign Aries and is situated in the ninth house. This position of Venus favors the best ‘Raja Yoga’ and leads Lakshmi Mittal to become rich and wealthy. The shadow planet Rahu is the last dual nature of the water sign Pisces and is situated in the eighth house, mainly representing longevity.
The shadow planet currently transits in the first air sign Gemini in dual nature and transits in the eleventh house. Rahu creates illusory opportunities and does not give any positive benefits. Lakshmi Mittal, the Indian steel magnate needs to stick to the basics and proceed accordingly. Lakshmi Mittal needs to think carefully before taking any bold step.
Crooked Shani is currently transiting in Capricorn and passing through the sixth house, which indicates adversity, and health problems, among other things. This ploy of Shani is to keep Lakshmi Mittal busy, to bargain for the acquisition of the steel plant. Lakshmi Mittal, the Indian steel magnate will have to do more work and pay attention to the ground reality before taking a big step. This movement of Saturn leads to challenging times for Lakshmi Mittal. He needs to accept new challenges and keep working on the same to progress to the desired level.
On looking at the planetary positions in Leo ascendant and considering the influence of major planets, we expect an encouragingly progressive and very promising time in the near future for Lakshmi Mittal, Indian Steel Magnate. However, during the placement of two big planets through the sixth house, there are some new challenges for Lakshmi Mittal. They need to handle these new challenges with a positive attitude and take major decisions after due deliberation.
Lakshmi Mittal strongly believes in philanthropy and has donated several times to Harvard University and UNICEF. His family has also donated to the Great Ormond Street Hospital in the United Kingdom. Mittal’s generosity and ambitious personality are truly admirable. Celebrity Astrologer Chirag Daruwalla prays to God that he continues to progress in his work and he continues to be honored during the work of the philanthropic spirit.
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