– Total worth of $5.69 Billion (More than Rs.45000 Crores)
The Editor News, Hoshiarpur ——– Mr. LD Mittal, the founder Chairman of Sonalika Group, remains the 54 wealthiest Indian, with a net worth of $5.69 billion. His inclusion in the 2024 Forbes Billionaires List of the top 100 richest tycoons for the 13th consecutive year, is now the oldest (94)billionaire in India. He attributed his success to the loyalty of farmers, stating, “Our strength lies in our farmer customers. All credit goes to their loyalty towards our innovative and efficient agriculture implements”.
With an annual domestic turnover of more than Rs 10,000 crore, the third largest tractor manufacturer in India and fifth largest in the World, Sonalika, has a capacity of 3 lakh tractors per annum under one roof at Hoshiarpur and is the largest exporter from India, having a presence in 140 countries. During 90s, there was a total drought of industrial pursuits in Hoshiarpur, one of the most backward districts of the State, but the son of the soil, Mr Mittal, decided to go against the trend. Credit goes to his perseverance, toil and vision; today, Hoshiarpur is on the world map, beating many industrial hubs. It has emerged as a manufacturing hub for tractors and other agricultural implements.
An inspiring tale of grit and determination to add ease and value to people’s lives by espousing the cause of ‘Vocal for Local’ and ‘Local to Global’ noted industrialist and philanthropist Mr LD Mittal stands for a story of perseverance, determination and belief in pursuing one’s goal with passion and self-confidence. It does not matter to him that he is a figure on the billionaires list.