Lachhman Das Mittal

$5.67B
as of 10/04/24

About Lachhman Das Mittal

Lachhman Das Mittal started his business career in 1990 at age 60 after retiring from the state-owned Life Insurance Corporation of India.

Today his Sonalika Group is India's third-largest tractor maker by market share.

Japanese firm Yanmar has a 30% stake in his tractor outfit International Tractors.

Mittal has handed over operations to his sons Amrit Sagar and Deepak and grandsons Raman, Sushant and Rahul, but remains keenly interested in the business.

Personal stats

Citizenship

India

Source of wealth

Tractors

Residence

Delhi, India

Marital status

Widowed

Birth date

11/05/30 (age 93)

Number of children

5

Education

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

Self-made

inherited and growing

Lachhman Das Mittal’s fortune is worth

95K

troy ounces of gold

87K

median U.S. household

57K

median U.S. income

0.113%

U.S. credit card volume

0.023%

GDP of the United States

0.017%

United States debt

Net worth history

Annual ranking

Did you know?

His daughter Usha Sangwan was the first woman managing director of the Life Insurance Corporation of India, the state-owned ife insurer. She has since retired.

Net worth over time

Real-time ranking

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