Lachhman Das Mittal
$4.9B
Born
Nov 05, 1930
Age
95
Source of Wealth
Tractors
Residence
Delhi,
Citizenship
India
Marital Status
Widowed
Children
5
Education
Bachelor of Arts/Science, Punjab University; Master of Arts, Punjab University
- 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.
- 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.
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