Lachhman Das Mittal
Delhi, India
Bachelor of Arts/Science, Punjab University | Master of Arts, Punjab University
India
tractors
$2,000,000,000
1227
#1227 Billionaires 2019
#85 India's Richest 2018
Lachhman Das Mittal started his business career in 1990 at age 65 after retiring from the state-owned Life Insurance Corporation of India.Today his Sonalika Group is India's third-largest tractor maker. Japanese firm Yanmar has a 30% stake in his tractor outfit International Tractors.Mittal has handed over operations to his sons and grandsons but attends office every day.
Sonalika, which means "lines of gold" in Hindi, was named after a wheat seed that fueled India's Green Revolution.His daughter Usha Sangwan was the managing director of Life Insurance Company of India, the country's largest life insurer.
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