Lakshman Das Mittal
Indian businessman
Lakshman Das Mittal (also spelled as Lachhman Das Mittal; born in Hoshiarpur in August 1931) is an Indian businessman. He is the owner and chairman of the Sonalika Group.2
From Wikipedia’s article on Lakshman Das Mittal (this version), CC BY-SA 4.0.
About
He is 82nd richest person of India. with the net worth of US$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.
From Wikipedia’s article on Lakshman Das Mittal, shared under CC BY-SA 4.0.2
Companies
- Sonalika GroupFounder7
- Sonalika International Tractors LimitedFounder8
Early life and education
Lachhman Das Mittal was born in 1931 in Hoshiarpur, Punjab. Mittal earned a Master of Arts degree in English & Urdu from Panjab University. He began his career as an insurance agent with the Life Insurance Corporation of India (LIC). In 1970 he started producing 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 ₹1 lakh (equivalent to ₹54 lakh or US$56,000 in 2026). He said, "Once I applied for dealership of Maruti Udyog but was rejected. Today, I give out dealerships." According to Forbes, Mittal was ranked 82nd among India's richest individuals with a net worth of $2.31 billion.
In the Forbes list of India's 100 richest individuals, published on October 9, 2024, he was ranked 54th with a net worth of $5.69 billion.
From Wikipedia’s article on Lakshman Das Mittal (this version), CC BY-SA 4.0.
Career
Occupation: businessperson.5
- Date not recordedFounded Sonalika Group3
- Date not recordedFounded Sonalika International Tractors Limited4
Mittal began his business career in 1970 after taking early retirement from the state-owned LIC. Sonalika started manufacturing thrashers in 1970.
In 1970, he founded Sonalika Group, and in 1996, he established Sonalika Tractors, which went on to become India's third-largest tractor manufacturer by market share.
Mittal later transferred the leadership of the Sonalika Group to his sons, Amrit sagar Mittal and Deepak Mittal.
From Wikipedia’s article on Lakshman Das Mittal (this version), CC BY-SA 4.0.
Personal life
- BornDelhi6
Links
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataLakshman Das Mittal on Wikidata
- 2WikipediaLakshman Das Mittal on Wikipedia
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- 7WikidataSonalika Group, Founder
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- 9Wikimedia CommonsLakshman Das Mittal photo by Ashray007, CC BY-SA 4.0