Lakshman Das Mittal

From Wikipedia, the free encyclopedia

Lakshman Das Mittal is an Indian businessman.[1][2] He is the owner and chairman of Sonalika Group.[3] He is the 52nd richest person in India.[4][5] He has been the Chairman of Tractor Manufacturer's Association of India and member of National Council of Confederation of Indian Industry.

Early life and education[]

Mittal has completed his Master of Arts (English & Urdu) from Panjab University. In 1962 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."[6]

Career[]

Mittal started his business career in 1990 at aged 60, after retiring from the state-owned Life Insurance Corporation of India.[7]

He founded Sonalkia Group in 1996, which is now India's third-largest tractor manufacturer by market share.[7][8]

Mittal has since handed over leadership of the Sonalkia Group to his sons, but still attends the office every day.[7][9]

References[]

  1. ^ Anuradha Verma (4 March 2014). "India's billionaires list rises to all time high of 56: Forbes". vccircle.com.
  2. ^ "Sonalika Group chief enters Forbes billionaire list". NDTV Profit portal. 6 March 2014.
  3. ^ Aditya Pratihast (2 December 2015). "10 less known billionaires and millionaires of india". BolteRano. Retrieved 8 May 2018.
  4. ^ "#1465 Lachhman Das Mittal, Net Worth $1.1 Billion As of March 2014". Forbes portal.
  5. ^ "India's Humblest Rich Man". Afternoon portal. 12 November 2012.
  6. ^ "LAKSHAMAN DASS MITTAL: Chairman, Sonalika Group, and Consul General, Republic of Macedonia". Business Standatrd portal. 6 March 2014.
  7. ^ a b c "Lachhman Das Mittal". Forbes. Retrieved 13 July 2021.
  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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