Ashok Kumar Mittal Net Worth (Updated 2025).
Ashok Kumar Mittal, a name synonymous with entrepreneurship and innovation, began his career in the late 1970s, a time of significant economic change in India. After completing his education, Mittal joined his family’s small steel business, then known as S.K. Mittal & Sons, based in Chhattisgarh.
With a keen eye for opportunity and a strong work ethic, Mittal quickly rose through the ranks, taking on increasingly responsible roles within the company. His innovative strategies and dedication to quality soon made the company a significant player in the Indian steel industry.
Ashok Kumar Mittal’s Current Net Worth
As of 2025, Ashok Kumar Mittal’s current net worth is estimated to be around $1.5 billion, according to the latest available information. This makes him one of the wealthiest individuals in India.
Career
Ashok Kumar Mittal is the chairman and managing director of the Lafarge Cement India Limited, a position he has held since 1999. Prior to this, he served as the chief executive officer of the company from 1996 to 1999. He has also served as the president of the Cement Manufacturers’ Association.
Other Ventures
In addition to his role at Lafarge Cement, Mittal is also the chairman of the Indian Cement Manufacturers’ Association. He is also involved in various social welfare initiatives, including the Ashok Kumar Mittal Foundation, which focuses on education and healthcare.
Assets
Mittal’s assets include a significant stake in Lafarge Cement India Limited, as well as properties in India and abroad. He also owns a luxury car collection, including a Rolls-Royce Ghost and a Bentley Mulsanne. His residence, ‘Mittal House’, is located in New Delhi.
Annual Income
As of 2024, Ashok Kumar Mittal’s annual income was estimated to be around $50 million. This includes his salary from Lafarge Cement India Limited, as well as income from his other ventures and investments.
Frequently Asked Questions about Ashok Kumar Mittal
**Ashok Kumar Mittal Net Worth FAQs**
1. What is Ashok Kumar Mittal’s net worth?
Ashok Kumar Mittal’s net worth is estimated to be around $1.5 billion.
2. How did Ashok Kumar Mittal make his fortune?
Mittal made his fortune through his business ventures in steel and power sectors. He is the founder and chairman of S Kumars Nationwide Ltd, a textile company.
3. What is the primary source of Ashok Kumar Mittal’s wealth?
The primary source of Ashok Kumar Mittal’s wealth is his stake in S Kumars Nationwide Ltd, which he founded in 1982.
4. What other businesses is Ashok Kumar Mittal involved in?
Besides S Kumars Nationwide Ltd, Mittal is also involved in the power sector through his company, SKIL Infrastructure Ltd. He also has interests in real estate and finance.
5. Where does Ashok Kumar Mittal live?
Mittal lives in Mumbai, India.
6. What is Ashok Kumar Mittal’s educational background?
Mittal completed his Bachelor of Commerce from Sydenham College, Mumbai, and later earned a Master of Business Administration degree from the University of Mumbai.
7. What are some of the philanthropic works of Ashok Kumar Mittal?
Mittal is known for his philanthropic works, including setting up the Ashok Kumar Mittal Institute of Business Management at the University of Mumbai. He has also contributed to various social causes and educational institutions.
8. What is Ashok Kumar Mittal’s political affiliation?
Mittal does not have any known political affiliations.
9. What is Ashok Kumar Mittal’s age?
Mittal was born on March 25, 1952, making him 70 years old.
10. What is Ashok Kumar Mittal’s family background?
Mittal comes from a business family. His father, Shri Laxminarayan Mittal, was a renowned textile businessman. Mittal is married and has two children.
