The oldest billionaire in India is 92-year-old Lachhman Das Mittal, who has a net worth of USD 2.5 billion. The third-largest tractor manufacturer in India, Sonalika Group, is owned and run by Lachhman Das Mittal.
The oldest billionaire, at 99 years old, was Keshub Mahindra, the former chairman of the Mahindra & Mahindra firm, according to the Forbes 2023 list. Unfortunately, Keshub Mahindra left for his heavenly abode on April 12.
Lachhman Das Mittal has a fascinating life story and has put a lot of effort into succeeding in life. Lachhman Das Mittal, who started his firm at age 60, was once a LIC agent. He began manufacturing tractors in 1996 and later founded Sonalika Tractors.
In Hoshiarpur, Punjab, Sonalika Tractors operates a sizable manufacturing facility. The Sonalika Group has facilities in five distinct nations, and it conducts business in more than 120 nations.
After graduating from a government college, Lachhman Das Mittal enrolled in a postgraduate programme in Urdu and English. He won the MA English gold medal.
Lachhman Das Mittal joined the LIC in 1955, and like every middle-class person, he began setting aside some of his salary for savings. All of Lachhman Das Mittal's savings were utilised to launch a side venture selling agricultural equipment, but the venture failed, leaving Lachhman Das Mittal insolvent. But he persisted, and after a few years, he finally tasted success.
Although Amrit Sagar Mittal and Deepak Mittal, sons of Lachhman Das Mittal, now oversee Sonalika Group operations, Lachhman Das Mittal continues to maintain a very busy professional life and still reports to work each day.
