At 93, Lachhman Das Mittal joins the Forbes billionaire list, showcasing entrepreneurship and perseverance, securing a spot on the 2024 list, not just reflecting wealth but also the human spirit’s resilience and potential of hard work.
Early life
Hailing from Hoshiarpur, Punjab, born in 1931, Mittal embarked on his journey from humble origins. Marked by a quest for knowledge and unwavering pursuit of excellence, his early years showcased academic distinction, culminating in a gold medal in MA English—a harbinger of future brilliance despite the challenges of the time.
Career
In 1955, Lachhman Das Mittal began a career path that defied expectations, joining LIC as an insurance agent. While raising a family of five, his entrepreneurial spirit awaited its moment to shine, laying the foundation for an empire of enterprise and innovation.
Turning point of his life
In 1990, at 60, Lachhman Das Mittal transitioned from LIC to entrepreneurship, founding International Tractors Ltd (ITL) and launching Sonalika Tractors, reshaping India’s agricultural sector.
At present sonalika tractors
Presently, the Sonalika Group ranks as India’s third-largest tractor manufacturer by market share. Operating in five countries and with a global presence in over 120 nations, Lachhman Das Mittal‘s legacy symbolizes Indian entrepreneurship globally.
Amidst his sons Amrit Sagar and Deepak, alongside grandsons Raman, Sushant, and Rahul, overseeing daily operations, Mittal’s influence remains significant, guiding the enterprise toward greater success.
Net worth of Lachhman Das Mittal
With a net worth reaching $2.9 billion, Mittal’s rise to wealth epitomizes not just financial savvy but resilience, grit, and steadfast determination. As Sonalika Group’s chairman, his impact spans industries, motivating generations to aspire and persist in their endeavors tirelessly.
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