Lachhman Das Mittal

$5.13 B

Ranked #840 in World

About Lachhman Das Mittal

Indian tycoon Lakshman Das Mittal, the driving force behind the Sonalika Group, stands as the 82nd wealthiest individual in India, amassing a fortune of $2.31 billion. A graduate with MA degrees in English and Urdu from Panjab University, Mittal's entrepreneurial journey began with wheat thresher manufacturing in Punjab before escalating to the establishment of Sonalika Tractors. As a past Tractor Manufacturer's Association of India chair and a Confederation of Indian Industry council member, Mittal has ceded daily operations to his sons, yet remains a key figure in the business.

Born

November 05, 1930 in Delhi, India

Age

95 years

Source Of Wealth

Tractors

Industries

Automotive

Citizenship

India

Residence

Delhi

Education

Bachelor of Arts/Science, Punjab University; Master of Arts, Punjab University

Lakshman Das Mittal, a prominent Indian businessman, owner, and chairman of the Sonalika Group, was born in a humble background. He completed his Master of Arts in English and Urdu from Panjab University, demonstrating his academic prowess. In 1970, he ventured into manufacturing wheat threshers in Hoshiarpur, Punjab, collaborating with local blacksmiths. However, his family faced financial setbacks in 1971, resulting in a significant reduction in their net worth to a mere Rs 1 lakh.

Lachhman Das Mittal: Family

Lakshman Das Mittal comes from a close-knit family. He is married and has two sons, Amrit Sagar Mittal and Deepak Mittal, who have taken on leadership roles within the Sonalika Group. Despite handing over the reins of the company to his sons, Lakshman Das Mittal remains actively involved in the business and continues to attend the office daily.

Lachhman Das Mittal: Career Highlights

Lakshman Das Mittal's career trajectory is marked by notable achievements. After retiring from the Life Insurance Corporation of India, he embarked on his entrepreneurial journey in 1970. He founded the Sonalika Group in the same year and went on to establish Sonalika Tractors in 1996. Under his leadership, Sonalika Tractors has grown to become India's third-largest tractor manufacturer by market share, a testament to his business acumen and strategic vision.

Lachhman Das Mittal: Companies

Lakshman Das Mittal's business empire encompasses several companies, with the Sonalika Group serving as the umbrella organization. Sonalika Tractors, a flagship company of the group, has emerged as a leading player in the tractor manufacturing industry in India. The group's diverse portfolio also includes ventures in real estate, education, and hospitality.

Lachhman Das Mittal: Major Achievements

Lakshman Das Mittal's contributions to the business landscape have earned him recognition and accolades. He has been conferred with the prestigious Padma Bhushan award, one of India's highest civilian honors, in recognition of his exceptional achievements in the field of trade and industry.

Lachhman Das Mittal: Awards & Achievements

Lakshman Das Mittal's remarkable accomplishments have been widely acknowledged through numerous awards and honors.

In addition to the Padma Bhushan, he has received the Ernst & Young Entrepreneur of the Year Award, the CNBC-TV18 India Business Leader of the Year Award, and the Asia Business Leader Award, among others.

Lachhman Das Mittal: Personal Life & Legacy

Lakshman Das Mittal is known for his philanthropic endeavors and commitment to social causes. He has established the Sonalika Foundation, a charitable trust dedicated to promoting education, healthcare, and rural development. His legacy extends beyond his business achievements, as he continues to inspire and empower others through his generosity and social contributions.

Lachhman Das Mittal: Trivia

Lakshman Das Mittal's success story is marked by several interesting facts. He started his business venture with a mere investment of Rs 20,000. Despite facing bankruptcy early in his career, he persevered and built a multi-billion dollar empire. Mittal is also an avid art collector and has a passion for classical music.

Wealth History

Timeline

1970

Lakshman Das Mittal started manufacturing wheat threshers in Hoshiarpur, Punjab.

1971

Lakshman Das Mittal's family went bankrupt, reducing his net worth to Rs 1 lakh.

1970

Lakshman Das Mittal founded Sonalika Group.

1996

Lakshman Das Mittal founded Sonalika Tractors.

Present

Sonalika Tractors is now India's third-largest tractor manufacturer by market share.

Present

Lakshman Das Mittal handed over leadership of Sonalika Group to his sons Amrit Sagar Mittal and Deepak Mittal but still attends the office daily.

Lachhman Das Mittal : FAQs

What is Lachhman Das Mittal's current net worth?

Lachhman Das Mittal's current net worth is $5.13 billion.

What is Lachhman Das Mittal's current global rank among billionaires?

Lachhman Das Mittal holds the 840th position globally among billionaires.

What is Lachhman Das Mittal's current ranking within the India?

Lachhman Das Mittal holds the 39th position in India.

What was the change in Lachhman Das Mittal's net worth compared to the previous year?

Lachhman Das Mittal's net worth increased by 227.35 million dollars compared to the previous year 2025, when his net worth was 4.90 billion dollars.

What are Lachhman Das Mittal's main sources of wealth?

Lachhman Das Mittal's main source of income comes from Tractors.

In which industry does Lachhman Das Mittal primarily operate?

Lachhman Das Mittal is primarily involved in the Automotive industry.

What is Lachhman Das Mittal educational background?

Lachhman Das Mittal holds a Bachelor of Arts/Science from Punjab University and a Master of Arts from Punjab University.

How old is Lachhman Das Mittal?

Lachhman Das Mittal is 95 years old.

How many children does Lachhman Das Mittal have?

Lachhman Das Mittal has 5 children.

Who is Lakshman Das Mittal and what is his contribution to Indian business?

Lakshman Das Mittal is an esteemed Indian businessman, owner, and chairman of the Sonalika Group. He is recognized as the 82nd richest person in India with a net worth of 2.31 Billion. His contributions include his tenure as the former Chairman of the Tractor Manufacturer's Association of India and his role in the National Council of the Confederation of Indian Industry.

What is Lakshman Das Mittal's background in education?

Lakshman Das Mittal completed his Master of Arts with a focus on English and Urdu from Panjab University. His educational background helped shape his future entrepreneurial endeavors.

How did Lakshman Das Mittal start his business career?

Lakshman Das Mittal began his business career in 1970 after retiring from the Life Insurance Corporation of India. He started by manufacturing wheat threshers in Hoshiarpur, Punjab, working with local blacksmiths, despite facing bankruptcy that reduced his family's net worth to Rs 1 lakh in 1971.

What is the significance of Sonalika Tractors in Lakshman Das Mittal's career?

Sonalika Tractors, founded in 1996, is a significant milestone in Lakshman Das Mittal's career as it is now India's third-largest tractor manufacturer by market share. It was an extension of the Sonalika Group, which he founded in 1970, marking his successful venture in the agricultural machinery industry.

Has Lakshman Das Mittal retired from managing Sonalika Group?

While Lakshman Das Mittal has handed over the leadership of the Sonalika Group to his sons Amrit Sagar Mittal and Deepak Mittal, he maintains an active role in the company and continues to attend the office daily, showcasing his dedication and commitment to his business.