story on that person who became rich from being poor
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Born to a poor family in the Indian state of Rajasthan in 1950, Mr Mittal established the foundations of his fortune over two decades by doing much of his business in the steel industry equivalent of a discount warehouse.
In 1976, due to the curb of steel production by the Indian government, the 26-year-old Mittal opened his first steel factory PT Ispat Indo in , , .
Until the 1990s, the family's main assets in India were a cold-rolling mill for sheet steels in and an alloy steels plant near . Today, the family business, including a large integrated steel plant near , is run by his younger brothers and Vinod Mittal, but Lakshmi has no connection with it.
He would buy the unwanted assets of other steel groups or snap up worn out state-owned plants.
Mr Mittal's son, Aditya, told BBC Radio 4's Profile programme that one of the reasons Rajasthan had successful entrepreneurs was that there was very little there in the first place.