Word: sadulpur
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...truth, Mittal is almost as European as he is Asian. He was born and grew up in a modest but well-connected family in Sadulpur, in the northwestern Indian state of Rajasthan, but his business empire has been constructed entirely outside India. Mittal began making his fortune a decade ago after breaking away from his father's Calcutta-based steel business and building his own firm, buying up steel plants in countries ranging from Algeria to Kazakhstan, Ukraine and the U.S. His timing was brilliant: worldwide demand for steel has been soaring because of massive demand from China and other...
...hard to see why Mittal should feel so strongly about retaining family control. Money is in his name: Lakshmi is the Hindu goddess of wealth. But former neighbors say he was born almost penniless, growing up in Sadulpur, a small Rajasthani town in an area of thorn trees and sand dunes in western India, in a house built by his grandfather. The extended family of 20 lived on bare concrete floors, slept on rope beds and cooked on an open fire in the brick yard. "They didn't have any income," says Sushil Kumar Saraogi, 61, editor of the weekly...
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