The "baby-faced" Mittal,34, helped cut his company's debt to 30 per cent after orchestrating the mega-takeover of Arcelor. "Now Mittal is focused on driving growth in hot markets like Brazil, India and China. This year he helped retool his company's strategy in India where the steel market is expected to triple by 2020," Fortune said.
The son of business tycoon Lakshmi Mittal had ranked fourth on the list last year. The young Mittal is also on the board of French firm PPR and earlier this year when his wife bought bankrupt luxury-fashion brand Escada, he had told her to "pursue it like no tomorrow".
Unlike last year when Mittal was the only Indian on the list, this year another Indian is giving him company. Amit Chatterjee, founder and CEO of enviornmental and energy solutions provider Hara, ranks 37th on the list. Chatterjee, 38, founded Hara two years ago. Today, the California-based company has "$20 million from weighty backers like venture capital firm Kleiner Perkins and clients including Coca-Cola, News Corp and Hasbro."
Source: The Indian Express
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