#923
Lachhman Das Mittal
India 95 years old
Overview
- Source of Wealth
- Tractors
- Industry
- Automotive
- Residence
- Delhi
- Education
- Punjab University (Bachelor of Arts/Science)Punjab University (Master of Arts)
- Marital Status
- Widowed
- Children
- 5
Biography
Lachhman Das Mittal started his business career in 1990 at age 60 after retiring from the state-owned Life Insurance Corporation of India.
Today his Sonalika Group is India's third-largest tractor maker by market share.
Japanese firm Yanmar has a 30% stake in his tractor outfit International Tractors.
Mittal has handed over operations to his sons Amrit Sagar and Deepak and grandsons Raman, Sushant and Rahul, but remains keenly interested in the business.
About
Sonalika, which means "lines of gold" in Hindi, was named after a wheat seed that fueled India's Green Revolution.
His daughter Usha Sangwan was the first woman managing director of the Life Insurance Corporation of India, the state-owned life insurer. She has since retired.