Lakshmi Niwas Mittal, the Indian steel billionaire who occupies a spot among the world’s wealthiest individuals, is one of the few names that may shine as brightly as Lakshmi Niwas Mittal does among the upper echelons of global wealth. Vanisha Mittal is yet another brilliant member of the Mittal family; in addition to her famed father, she is a prominent businesswoman. We dive into the life and accomplishments of Vanisha Mittal, who plays a vital role as the non-independent director of the industrial behemoth known as ArcelorMittal, in this special feature that we are offering to our readers.
Vanisha’s foray into the realm of corporate governance began in June 2004, when she was invited to become a member of the board of directors at LNM Holdings after being singled out for consideration. Her professional abilities shined most in the procurement department, where she was the driving force behind a number of innovative first steps. Her commitment and business savvy earned her a spot on the Board of Directors at Mittal Steel in December 2004, further establishing her position as a leading figure in the international steel sector.
Vanisha Mittal was born in 1980, and she attended the famous European Business School to acquire a Bachelor of Science degree. In April 2011, she assumed a major job within Aperam, a notable global player in the steel sector, which marked a significant turning point in her professional trajectory. Since then, she has been on an upward trajectory.
In addition to her success in the business world, Vanisha Mittal made news in 2004 for the extravagant wedding ceremony she held, which was an event that attracted the attention of people all over the world. The lavish event that was held in France at the Palace of Versailles was an impressive display of opulence. Her father, Lakshmi Niwas Mittal, spared no expense when it came to the wedding, lavishing an unbelievable $55 million, which is comparable to over Rs 550 crore in today’s valuation. This lavish ceremony is one of the weddings that holds the record for the most expensive in human history.
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The celebration lasted for six days and featured a star-studded guest list, including an amazing performance by the famous artist Kylie Minogue, who reportedly paid a price of $330,000 for her appearance. Her set lasted for thirty minutes. Shah Rukh Khan, Juhi Chawla, Rani Mukherjee, Saif Ali Khan, and Aishwarya Rai are just a few of the legendary Bollywood actors and actresses who graced the occasion with their extraordinary performances. The talented Farah Khan was in charge of the wedding’s choreography, and the Mittal family mounted the stage to perform a play written by Javed Akhtar. The performance took centre stage during the wedding.
When it comes to the patriarch of the family, Lakshmi Niwas Mittal, his position in the family’s finances is nothing short of spectacular. It’s hard to believe, but the stunning net worth of the executive chairman of ArcelorMittal is more than 1,388,000 crore rupees. ArcelorMittal reported a significant revenue of $53 billion in the year 2020, with Mittal keeping approximately 38% of the company’s overall interest in the global enterprise. In the realms of both business and the steel industry, the Mittal family continues to be a significant and influential force that must be taken into account.
