L.D. Mittal (89) the Chairman of Sonalika Group of Companies, based at Hoshiarpur (Punjab) remains among top 75th wealthiest Indian having worth of  $1.9B for the 9th  consecutive year. Forbes released 2020’s list of the top 100 richest Indians. Amid the coronavirus pandemic which hit India hard, half of the nation’s 100 richest on the 2020 Forbes India Rich List saw gains. “Their collective net worth rose 14% to $517.5 billion from a year earlier. In 2012 Mittal Debut among 100 richest Indian, started his business career in 1990 at age 60 after retiring from the PSU Life Insurance Corporation of India. Today his Sonalika Group is India’s third-largest tractor maker by market share. Japanese firm Yanmar has a 30% stake in his tractor outfit International Tractors, having world largest manufacturing capacity of 3 lakh tractors under one roof at Hoshiarpur. At the age of 89 years Mittal has handed over operations to his sons Amrit Sagar and Deepak and grandsons Raman, Sushant and Rahul, but attends office every day

“In a tumultuous year for the global economy, India’s richest preserved their wealth. LD Mittal remains the among top 75 wealthiest Indian for the 9th year in a row. Third largest tractor manufacturer Sonalika have export presence in 120 countries, being largest exporter from India. On  9th consecutive year among top 75 richest Indian, Mittal reaction is very simple and humble, “ farmers based our customers strength make us  local to global. All credit goes to the loyalty of farmers towards us.”

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Ka-Chow!

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