‘Aditya has established himself as a master dealmaker’

first_imgAditya MittalReal SteelAditya Mittal 35Legacy Son of Lakshmi N. Mittal, chairman of ArcelorMittal, the world’s largest steelmakerGroup Market Cap Rs 1,62,000 crAditya Mittal’s claim to fame is in having led Mittal Steel’s successful bid for steel giant Arcelor in 2006 to create the first 100 million tonne-plus steel company.As chief,Aditya MittalReal SteelAditya Mittal 35Legacy Son of Lakshmi N. Mittal, chairman of ArcelorMittal, the world’s largest steelmakerGroup Market Cap Rs 1,62,000 crAditya Mittal’s claim to fame is in having led Mittal Steel’s successful bid for steel giant Arcelor in 2006 to create the first 100 million tonne-plus steel company.As chief financial officer, he was also instrumental in cutting the company’s debt to 30 per cent following the mega merger. “It was the biggest IPO (initial public offering) in the steel industry. I learnt a lot in the run-up to it,” he said. The economics graduate from The Wharton School of the University of Pennsylvania is now steering the company away from his father’s knack for snapping up failing steel plants on the cheap to big-ticket acquisitions.Aditya has established himself as a master dealmaker, spearheading the company’s expansion into Central Europe, Africa and the US. Like the entire Mittal clan, Aditya is fiercely private about his passions but is known for his love of sports, playing squash and also running the London Marathon. He recently backed his wife, Megha, in her bid to acquire the bankrupt German luxury fashion brand Escada.The couple make for a famously workaholic duo but do find time for ski getaways to exotic slopes. However, they describe their perfect evening as one spent at home with their two daughters in London’s upmarket Belgravia area or their Surrey country home.last_img