Lakshman Das Mittal
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Lakshman Das Mittal, also spelled as Lachhman Das Mittal, is an Indian businessman. He is the owner and chairman of
Sonalika Group The Sonalika Group is an Indian multinational company headquartered in Hoshiarpur, Punjab and is active mainly in the automobile sector. It is best known for Sonalika Tractors. The Sonalika Group is headed by Lakshman Das Mittal. * Internationa ...
. He is the 52nd richest person in
India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...
. 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 A Master of Arts ( la, Magister Artium or ''Artium Magister''; abbreviated MA, M.A., AM, or A.M.) is the holder of a master's degree awarded by universities in many countries. The degree is usually contrasted with that of Master of Science. Tho ...
(English & Urdu) from Panjab University. In 1962 he began manufacturing wheat threshers with the help of local blacksmiths in
Hoshiarpur Hoshiarpur () is a city and a Municipal corporations in India, municipal corporation in Hoshiarpur district in the Doaba region of the Indian state of Punjab, India, Punjab. It was founded, according to tradition, during the early part of the ...
, 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 Maruti Suzuki India Limited, formerly known as Maruti Udyog Limited, is an Indian automobile manufacturer, based in New Delhi. It was founded in 1981 and owned by the Government of India until 2003, when it was sold to the Japanese automaker S ...
but was rejected. Today, I give out dealerships."


Career

Mittal started his business career in 1990 at aged 60, after retiring from the state-owned Life Insurance Corporation of India. He founded Sonalkia Group in 1996, which is now India's third-largest tractor manufacturer by market share. Mittal has since handed over leadership of the Sonalkia Group to his sons, but still attends the office every day.


References

{{DEFAULTSORT:Mittal, Lakshman Das Living people Businesspeople from Punjab, India People from Hoshiarpur 1931 births