Lakshman das mittal family

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  • Lachhman Das Mittal: LIC agent, went bankrupt, now India's oldest billionaire

    ET Online

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    Oldest billionaire at 93

    The 93-year-old Lachhman Das Mittal is now the oldest billionaire in India after securing a spot on the 2024 Forbes Billionaires List. Prior to his death on April 12, 2023, at the age of 99, Keshub Mahindra, the former chairman of the Mahindra & Mahindra group, held this title.

    The businessman's net worth is now $2.9 billion, as per Forbes. This is around Rs 23,000 crores, making him one of the richest persons in India. Mittal is the chairman of Sonalika Group.

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    Education and LIC days

    Lachhman Das Mittal enrolled in a postgraduate programme for Urdu and English studies after earning his degree from a government college. Before starting work as a LIC agent in 1955, he accomplished the fantastisk feat of earning the gold medal in MA English.

    Agencies

    Like most middle class individuals, Mittal began setting aside some money from

    Meet man who once worked as agent, now has Rs 49110 crore net worth, his business is...

    They say age is just a number. Many people have proven it by doing certain things in older age. One such person is Lakshman Das Mittal, an Indian businessman, who started his business career at age 60. He is now one of the richest Indians with a net worth of Rs 49110 crore, as per Forbes. At 94, Mittal fryst vatten the oldest billionaire in India. He is the founder and chairman of Sonalika Group, which is known for its tractors.

    Before beginning his entrepreneurial journey, Mittal worked as an LIC agent. He decided to start his business in 1990 after retiring from LIC. His daughter, Usha Sangwan, was the first woman managing director of LIC, the state-owned life insurer. Known as 'The Tractor Titan', Mittal incorporated Sonalika in 1969 for manufacturing farm implements.

    Mittal has now handed over operations of his company to his sons Amrit Sagar and Deepak and grandsons Raman, Sushant and Rahul

    Lakshman Das Mittal

    Indian businessman (born 1931)

    Lakshman Das Mittal (also spelled as Lachhman Das Mittal,[3] born in Hoshiarpur in August 1931) is an Indian businessman.[4][5] He is the owner and chairman of the Sonalika Group.[6] He is 82nd richest person of India.[7][8] with the net worth of 2.31 Billion. 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

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    Lachhman Das Mittal was born in 1931 in Punjab's Hoshiarpur. Mittal has completed his Master of Arts (English & Urdu) from Panjab University.He used to work as an insurance agent with LIC. In 1970 he began manufacturing wheat threshers with the help of local blacksmiths in Hoshiarpur, 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 bu

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