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Lachhman Das Mittal: Sonalika Tractor Founder's Inspiring Journey to Billionaire Status
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From LIC Agent to Billionaire: Laxman Das Mittal Built a Rs 30,000 Cr Empire at 64
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News18
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04-04-2026, 13:30
From LIC Agent to Billionaire: Laxman Das Mittal Built a Rs 30,000 Cr Empire at 64
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Laxman Das Mittal started International Tractors Limited (Sonalika Tractors) at the age of 64, after retiring from LIC.
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He is now 95 years old and owns a business empire worth over ₹30,000 crore, making him India's oldest billionaire.
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Mittal's first business, manufacturing wheat threshers, failed, leading to bankruptcy, but he considered it a "costly tuition fee."
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Sonalika Tractors are sold in over 150 countries and are India's third-largest tractor manufacturer.
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Despite his age, Mittal still goes to the office regularly and has been honored with the Padma Bhushan.
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