LD Mittal: LIC Agent To India's Oldest Billionaire

Apr 12, 2024 Image: X [{ "selector": ".qrato-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".gcder-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".fdxbg-a", "duration": "1000ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".xdrzo-a", "duration": "1000ms", "fill": "forwards", "delay": "1000ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }, { "selector": ".aprbq-a", "duration": "1000ms", "fill": "forwards", "delay": "1000ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": "1"} ] }]

Lachhman Das Mittal, 93, with a net worth of $ 3 billion, is India's oldest billionaire, according to Forbes Billionaires List for 2024

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Mr Mittal was born in 1931 in Punjab's Hoshiarpur and used to work as an insurance agent with LIC

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Mr Mittal then incorporated Sonalika Group in 1969 to manufacture farm implements

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He then ventured into tractor manufacturing in 1996 and established Sonalika Tractors

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His Sonalika Group is currently India's third-largest tractor maker by market share

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Mr Mittal is a gold medalist from Punjab University, with dual postgraduate degrees in English and Urdu

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Mr Mittal has been recognized by the corporate arena and the government through industry-level representations and awards

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He has now handed over operations to his sons Amrit Sagar and Deepak and grandsons Raman, Sushant and Rahul

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