Lakshman Das Mittal

Lakshman Das Mittal, was Born in August 1931 in Hoshiarpur he is also spelled as Lachhman Das Mittal,[1] is an Indian business tycoon .[2][3] He is the owner and chairman of the Sonalika Group.[4] He is 82nd richest person of India.[5][6] with the net worth of 2.31 Billion. He has been the Chairman of Tractor Manufacturer's Association of India and member of National Council of Confederation of Indian Industry.

Lakshman Das Mittal
Born1931 (age 91–92)
Delhi

Early life and education

Mittal has completed his Master of Arts (English & Urdu) from Panjab University. In 1970 he began manufacturing wheat threshers with the help of local blacksmiths in Hoshiarpur, Punjab. The following year his family went bankrupt and by 1970 his net worth was Rs 1 lakh. He said, "Once I applied for dealership of Maruti Udyog but was rejected. Today, I give out dealerships."[7] LD Mittal has Net Worth of 2.31 Billion He is listed #82 Richest person of India by Forbes Magazine.

Career

Mittal started his business career in 1970 , after pre retiring from the state-owned Life Insurance Corporation of India.[1] Sonalika Started Manufacturing Thrashers in 1970.

He founded Sonalkia Group in 1970 and Sonalika Tractors in 1996, which is now India's third-largest tractor manufacturer by market share.[1][8]

Mittal has since handed over leadership of the Sonalkia Group to his sons Amrit sagar Mittal

and Deepak Mittal, but still attends the office every day.[1][9]

References
  1. "Lachhman Das Mittal". Forbes. Retrieved 13 July 2021.
  2. Anuradha Verma (4 March 2014). "India's billionaires list rises to all time high of 56: Forbes". vccircle.com.
  3. "Sonalika Group chief enters Forbes billionaire list". NDTV Profit portal. 6 March 2014.
  4. Aditya Pratihast (2 December 2015). "10 less known billionaires and millionaires of india". BolteRano. Retrieved 8 May 2018.
  5. "Forbes India's 100 Richest People 2022 RANKING". Forbes portal.
  6. "India's Humblest Rich Man". Afternoon portal. 12 November 2012.
  7. "LAKSHAMAN DASS MITTAL: Chairman, Sonalika Group, and Consul General, Republic of Macedonia". Business Standatrd portal. 6 March 2014.
  8. "About Us- Budget tractor from Sonalika Tractor Company". www.sonalika.com. Retrieved 13 July 2021.
  9. "Lachhman Das Mittal: Tractor Master". Forbes India. Retrieved 13 July 2021.
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