Aditya Mittal
Encyclopedia
Aditya Mittal is a CFO, Responsible for Flat Americas, Mergers and Acquisitions (M&A), Investor Relations, Strategy and Communications of the world's largest steel firm ArcelorMittal, which is controlled by his father Lakshmi Mittal
, who was ranked the fifth richest person in the world by Forbes
in 2010.
He has a Bachelor's Degree in Economics with concentrations in Strategic Management and Corporate Finance from the Wharton School of the University of Pennsylvania
in the United States, from which he graduated magna cum laude in 1996. He worked for a short time in the mergers and acquisitions department at investment bank Credit Suisse First Boston
. He joined the family business in 1997 and was appointed Head of Mergers and Acquisitions in 1999, and has been involved in several purchases since then as Mittal Steel has played a major role in the consolidation of the global steel industry. He lives in London
. He led Mittal Steel's offer for Arcelor that led to its acquisition and merger with Mittal Steel in 2006. The two companies were merged in 2006 and the new merged company is called ArcelorMittal.
Aditya Mittal is married to Megha Mittal
, owner of German fashion company Escada
. He has one sister, Vanisha
, who is married to Amit Bhatia
and is a board member of ArcelorMittal.
In 2009, he was ranked 4th in Fortune Magazine's "40 under 40"
list of Fortune magazine.
He is a member of the World Economic Forum's Young Global Leaders Forum, the Young President's Organization, a Board Member at the Wharton School, a Board Member at Bennett, Coleman & Co., a Board Member at PPR and a member of Citigroup's International Advisory
He is involved with various charitable organisations, including the NSPCC
in the United Kingdom
.
In 2008, Aditya and Megha Mittal made a donation of £15m to Great Ormond Street Hospital
in London, the largest private contribution the hospital had ever received. The donation was used to help fund their new facility, the Mittal Children’s Medical Centre.
Lakshmi Mittal
Lakshmi Narayan Mittal is an Indian steel magnate. He is the chairman and chief executive officer of ArcelorMittal, the world’s largest steelmaking company....
, who was ranked the fifth richest person in the world by Forbes
Forbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...
in 2010.
He has a Bachelor's Degree in Economics with concentrations in Strategic Management and Corporate Finance from the Wharton School of the University of Pennsylvania
Wharton School of the University of Pennsylvania
The Wharton School is the business school of the University of Pennsylvania, an Ivy League university in Philadelphia, Pennsylvania. Wharton was the world’s first collegiate business school and the first business school in the United States...
in the United States, from which he graduated magna cum laude in 1996. He worked for a short time in the mergers and acquisitions department at investment bank Credit Suisse First Boston
Credit Suisse First Boston
Credit Suisse First Boston was the former name of the banking firm Credit Suisse.-History:In 1978, Credit Suisse and First Boston Corporation formed a London-based 50-50 investment banking joint venture called the Financière Crédit Suisse-First Boston...
. He joined the family business in 1997 and was appointed Head of Mergers and Acquisitions in 1999, and has been involved in several purchases since then as Mittal Steel has played a major role in the consolidation of the global steel industry. He lives in London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
. He led Mittal Steel's offer for Arcelor that led to its acquisition and merger with Mittal Steel in 2006. The two companies were merged in 2006 and the new merged company is called ArcelorMittal.
Aditya Mittal is married to Megha Mittal
Megha Mittal
Megha Mittal is the Chairman and Managing Director of the German fashion luxury brand Escada.She graduated from the Wharton School of Business in 1997, with a B.S. in Economics with concentration in Finance. She subsequently joined the investment bank Goldman Sachs as an analyst in the research...
, owner of German fashion company Escada
Escada
Escada is an international luxury fashion group in women's designer clothing. The company has a presence in about 60 different countries. Its main sales markets are North America, western and eastern Europe and Asia. It filed bankruptcy in August 2009, and was acquired by Megha Mittal, in November...
. He has one sister, Vanisha
Vanisha Mittal
Vanisha Mittal Bhatia, is the daughter of steel magnate Lakshmi N. Mittal. In 2007, the magazine Forbes listed her at the number one position in the listing of daughters of the world's richest individuals. In 2004, she married Amit Bhatia, an investment banker, in one of the most expensive...
, who is married to Amit Bhatia
Amit Bhatia
Amit Bhatia, a businessman and philanthropist, was born in London in 1979, to Arun and Renu Bhatia. He has an older brother and a younger sister . He is fluent in Hindi, English and Spanish....
and is a board member of ArcelorMittal.
In 2009, he was ranked 4th in Fortune Magazine's "40 under 40"
40 under 40 (Fortune Magazine)
Fortune Magazine's 40 under 40 List details the young stars in business across the globe.Mark Zuckerberg topped the 2011 list. Facebook now has over 800 million users.-External links:***...
list of Fortune magazine.
He is a member of the World Economic Forum's Young Global Leaders Forum, the Young President's Organization, a Board Member at the Wharton School, a Board Member at Bennett, Coleman & Co., a Board Member at PPR and a member of Citigroup's International Advisory
He is involved with various charitable organisations, including the NSPCC
NSPCC
The National Society for the Prevention of Cruelty to Children is a United Kingdom charity campaigning and working in child protection.-History:...
in the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
.
In 2008, Aditya and Megha Mittal made a donation of £15m to Great Ormond Street Hospital
Great Ormond Street Hospital
Great Ormond Street Hospital for Children is a children's hospital located in London, United Kingdom...
in London, the largest private contribution the hospital had ever received. The donation was used to help fund their new facility, the Mittal Children’s Medical Centre.