Mittal named 'Businessman of 2006'
Mittal named 'Businessman of 2006'
London's Sunday Times named LN Mittal the Business Person of 2006 on the basis of voting done by readers.

New Delhi: It's Lakshmi Mittal again.

London's The Sunday Times has named the NRI steel tycoon the Business Person of 2006 on the basis of voting done by the readers of the newspaper.

Mittal, who brought about the merger of Mittal Steel with Arcelor to form the world's largest steel-producing company Arcelor-Mittal in the year, pipped Stuard Rose, who revived Marks and Spencer, and John McAdam, who resuscitated ICI, to the top slot.

"Lakshmi Mittal embodied the rise of a new breed of Indian entrepreneur: confident and commanding on the world stage," The Sunday Times said.

And he has done it all his way, including, at the end, taking the Chief Executive's job at the new company, rather than the back-seat position of president, it said.

In an interview published in the newspaper, Mittal said, "The takeover of Arcelor is the most important achievement in my life. It is a milestone. It is the biggest transaction in the history of the steel industry, and the biggest in terms of the size of the company created. I don't think we will find another company overtaking us for the next few years - may be the next five to 10 years."

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