Early Life
Lachhman Das Mittal was born in 1930 in Hoshiarpur, Punjab, India. He earned Master of Arts degrees in English and Urdu from Panjab University, demonstrating early academic excellence and even earning a gold medal. Before embarking on his entrepreneurial journey, Mittal started his career as an insurance agent with the Life Insurance Corporation of India (LIC) in 1955.
Rise to Success
Mittal's entrepreneurial career began after retiring from LIC. In 1969, he incorporated the Sonalika Group. Initially, he ventured into manufacturing farm implements. The pivotal moment arrived in 1996 when he established Sonalika Tractors. Under his leadership, Sonalika Tractors has become the third-largest tractor manufacturer in India by market share.
Key Business Strategies
Mittal's success is rooted in his vision and strategic acumen. The Sonalika Group has expanded its reach globally, exporting tractors to over 150 countries. The company has continuously invested in research and development, introducing cutting-edge technologies to improve its products' performance and sustainability. The Sonalika Group has also diversified into other sectors, including real estate, education, and hospitality.
Philanthropy
Lachhman Das Mittal is known for his philanthropic endeavors, supporting education, healthcare, and rural development through the Sonalika Foundation. His commitment to social causes reflects his belief that success is meaningful when shared.