On Friday, Forbes announced its annual “The world’s Billionaries”. It was very heartening to find Indian Born Lakshmi Mittal rated as the 3rd Richest Man in the world. As an Indian, what is more encouraging are the facts Mittal has done it in an extremely competitive Steel industry, he has built the group completely out of his sweat (he and his family owns 97% of the group -which means he didn’t have any major external investments) and finally he operates by aquiring sick units (in far-flung places in earth) and turning them profitable.
Great work Mittal; You have made every Indian proud!.
The Forbes website also lists India’s Richest as a slideshow here