Pramod Mittal

{{Short description|Indian businessman}}

{{Use dmy dates|date=November 2020}}

{{Infobox officeholder

| name = Pramod Mittal

| image =

| country = India

| office1 =

| term_start1 =

| term_end1 =

|birth_date = {{birth date and age|df=y|1956|9|01}}

|birth_place = India

|party =

|spouse = Sangeeta Mittal

|partner =

|children = Vartika, Shrishti & Divyesh

|profession = Businessman

|religion =

|nationality = Indian

}}

Pramod Mittal (born 1 September 1956) is an Indian businessman who was the chairman of Ispat Industries Limited (now JSW Ispat Steel).{{cite news|title=Younger brothers of Lakshmi Mittal, Pramod and Vinod, going their own ways|url=http://articles.economictimes.indiatimes.com/2014-01-28/news/46734923_1_ispat-industries-pramod-and-vinod-pramod-mittal|archive-url=https://web.archive.org/web/20140131121030/http://articles.economictimes.indiatimes.com/2014-01-28/news/46734923_1_ispat-industries-pramod-and-vinod-pramod-mittal|url-status=dead|archive-date=31 January 2014| work = The Times of India|author1=Mazumdar, Ramhi |author2=Vyas, Jwalit |name-list-style=amp |date = 28 January 2014| accessdate = 5 November 2014}}{{Cite web|title=Rebirth of National Steel Corp.a landmark event|url=https://www.philstar.com/business/2004/02/08/238078/rebirth-national-steel-corpa-landmark-event|access-date=2020-11-08|website=Philstar.com}}

Life and career

He was married to Sangeeta Mittal. The Couple has three children; Vartika, Shrishti and Divyesh. His elder brother is Lakshmi Mittal{{cite news|title=Pramod Mittal spent 60 million Euros on daughter's lavish wedding?|url=http://www.moneylife.in/article/pramod-mittal-spent-60-million-euros-on-daughters-lavish-wedding/35570.html| publisher = moneylife.in| date = 10 December 2013| accessdate = 5 November 2014}} who is also a Businessman. He spent $82 million on his daughter's wedding in Barcelona.{{cite news|title=Pramod Mittal Spent $82 million on Daughter's Barcelona Wedding|url=https://www.indiawest.com/news/global_indian/pramod-mittal-spent-million-on-daughter-s-barcelona-wedding/article_376c2e52-e62f-5d87-aa14-76fe94f7d22c.html|publisher=IndiaWest|date=12 December 2013|accessdate=23 July 2019}}

In March 2019, the Supreme Court in India dropped charges against him after he paid money owed to a public sector enterprise.{{cite news|title=Supreme Court quashes criminal cases, lookout notices against Pramod Mittal|url=https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/supreme-court-quashes-criminal-cases-lookout-notices-against-pramod-mittal/articleshow/68490420.cms|work=The Economic Times|date=20 March 2019|accessdate=23 July 2019}}

Lakshmi Mittal, the Indian steel magnate, chairman and CEO of ArcelorMittal, has taken the baton of Indian brotherhood forward by paying off his brother's debt.{{cite news|title= Pramod Mittal GIKIL|url=https://www.popxo.com/trending/indian-businessman-pays-off-brothers-debt-worth-rs-1600-crores-807747/|publisher=popox.com|date=27 March 2019|accessdate=27 March 2019}}

He is owner of Global Steel Philippines in Iligan which he acquired in 2004. Then President Gloria Macapagal Arroyo witnessed his acquisition of the Mill which was formerly known as the National Steel Corporation or NSC-which for many years was known as Asia's first and largest. President Arroyo's maternal roots are also from Iligan. In 2019, the cantonal court in Tuzla had ordered Mittal to also deposit nearly €11 million for alleged damages to GIKIL.{{Cite web |date=2023-01-26 |title=Lakshmi Mittal's brother Pramod Mittal charged with organised crime in Bosnia |url=https://www.deccanherald.com/international/world-news-politics/lakshmi-mittals-brother-pramod-mittal-charged-with-organised-crime-in-bosnia-1184874.html |access-date=2023-02-19 |website=Deccan Herald |language=en}} He was declared bankrupt on 19 June 2020 in a London court.{{Cite web |title=Lakshmi Mittal's brother Pramod Mittal's bankruptcy case is going on and on. Here's why |url=https://www.moneycontrol.com/news/business/lakshmi-mittals-brother-pramod-mittals-bankruptcy-case-is-going-on-and-on-heres-why-10116741.html |access-date=2023-02-19 |website=Moneycontrol |date=18 February 2023 |language=en}}{{Cite news |last=Tobin |first=Sam |date=2022-11-25 |title=Pramod Mittal's deal with creditors revoked by London court |language=en |work=Reuters |url=https://www.reuters.com/business/pramod-mittals-deal-with-creditors-revoked-by-london-court-2022-11-25/ |access-date=2023-02-19}}

In October 2021, Pramod Mittal was named in the Pandora Papers.{{Cite web|date=2021-10-06|title=How Pramod Mittal 'owed' $1 bn to Pramod Mittal — and got his deal|website=The Indian Express|url=https://indianexpress.com/article/express-exclusive/pandora-papers-pramod-mittal-panama-papers-7552363|access-date=2021-10-06|language=en}} In 2023 he was charged with "heading an organised crime group" that allegedly helped him syphon around €11 million (US$12 million) from Global Ispat Koksna Industrija Lukavac (GIKIL). He co-owned the plant near Tuzla in northeastern Bosnia with the local government. Various other charges include illegally taking control of the metallurgical coke producer despite failing to invest €23 million, or more than half the amount he committed to invest in 2003 in return for the 51 per cent stake in the company.{{Cite web |date=2023-01-26 |title=Lakshmi Mittal's brother Pramod Mittal charged with organised crime in Bosnia |url=https://www.deccanherald.com/international/world-news-politics/lakshmi-mittals-brother-pramod-mittal-charged-with-organised-crime-in-bosnia-1184874.html |access-date=2023-02-19 |website=Deccan Herald |language=en}}

References