What is Lachhman Das Mittal's net worth in 2026?

As of 2026, Lachhman Das Mittal's estimated net worth is $3.323 billion, ranking #1295 among the world's billionaires. The estimate is based on publicly available shareholding data and market prices, updated daily.

How did Lachhman Das Mittal make their money?

Lachhman Das Mittal's wealth primarily comes from Tractors, most notably through Tractors.

Where is Lachhman Das Mittal from?

Lachhman Das Mittal is from India.

How old is Lachhman Das Mittal?

Lachhman Das Mittal is 95 years old.

Billionaire Profile

Global Rank

#1295

Image: Ashray007 | CC BY-SA 4.0 | via Wikimedia Commons

Lachhman Das Mittal

CEO, Tractors

Delhi

Real-Time Net Worth

$3.32B

Estimated based on Tractors stock value as of September 10, 2026

0% (24h)

Age

Source

Tractors

Industry

Automotive

Citizenship

India

Biography

Lachhman Das Mittal, born in 1931, is an Indian billionaire and the chairman of the Sonalika Group, a leading tractor manufacturer. His journey began as an insurance agent before he built a significant net worth through the tractor industry. At 95 years old, he is the oldest billionaire in India, a testament to his perseverance and entrepreneurial spirit. His success story includes building an empire that is currently worth $5.6 billion and has been a driving force in the agricultural sector. The source of his wealth is Tractors.

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Data Updated

Sep 10, 2026

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Wealth Over Time

Net Worth History

Year	Net Worth	Global Rank	Source
2026	$3.32B	#1295	Forbes Real-Time
2025	$5.60B	—	Forbes List
2024	$5.60B	—	Historical Record

Portfolio Holdings

International Tractors Limited (ITL)

automotive

Ownership

70%

Hoshiarpur, Punjab, India

Founded 1996

In-Depth Profile

Early Life

Lachhman Das Mittal was born in August 1931, in Hoshiarpur, Punjab, India. He earned a Master of Arts degree in English and Urdu from Panjab University, demonstrating academic brilliance and earning a gold medal in MA English.

Rise to Success

Mittal's career began in 1955 as an insurance agent with the Life Insurance Corporation of India (LIC). He worked for LIC for decades, gaining a reputation for hard work. At the age of 60, he retired from LIC in 1990 and then embarked on his entrepreneurial journey. In 1995, he founded the Sonalika Group, marking a significant milestone in his career. In 1996, he established Sonalika Tractors, which quickly became a key player in the agricultural machinery sector.

Key Business Strategies

Mittal's success is attributed to his vision and determination in transforming Sonalika into a leading tractor manufacturer. His ability to identify opportunities and adapt to market demands has been crucial. He also focused on providing farmer-centric solutions. Today, Sonalika Group is the third-largest tractor maker by market share in India.

Philanthropy

Mittal is known for his philanthropic activities and commitment to social causes. He established the Sonalika Foundation, a charitable trust dedicated to promoting education, healthcare, and rural development.

Career Milestones

1955

Began Career at LIC

Started as an insurance agent with the Life Insurance Corporation of India.

1969

Founded Sonalika Group

Established Sonalika Group for manufacturing farm implements.

1990

Retired from LIC

Retired from LIC as deputy zonal manager at the age of 60.

1996

Founded Sonalika Tractors

Established Sonalika Tractors, which became India's third-largest tractor manufacturer.

Philanthropy & Social Impact

Rural Development

Sonalika Foundation

Undisclosed

Supports education, healthcare, and rural development.

Business Philosophy & Leadership

Notable Quotes

"I can convince anyone to purchase my tractors."

Billionaires Connected to Lachhman Das Mittal

Peers in Automotive

Susanne Klatten#100 · $25.6B
Stefan Quandt#106 · $24.8B
Ernest Garcia II#110 · $24.1B
Lu Xiangyang#171 · $16.8B
Georg Schaeffler#174 · $16.7B
Shahid Khan#180 · $16.5B

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Richest in India

Mukesh Ambani#23 · $88.1B
Gautam Adani#24 · $84.7B
Savitri Jindal & family#51 · $41.0B
Lakshmi Mittal#67 · $35.0B
Cyrus Poonawalla#81 · $28.7B

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Adjacent Global Ranks

Wu Kai#1292 · $3.33B
Howard Butt III & family#1293 · $3.33B
Stephen Butt & family#1293 · $3.33B
Anthony Hall#1296 · $3.32B

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Frequently Asked Questions

What is Lachhman Das Mittal's net worth in 2026?: As of 2026, Lachhman Das Mittal's estimated net worth is $3.323 billion, ranking #1295 among the world's billionaires. The estimate is based on publicly available shareholding data and market prices, updated daily.
How did Lachhman Das Mittal make their money?: Lachhman Das Mittal's wealth primarily comes from Tractors, most notably through Tractors.
Where is Lachhman Das Mittal from?: Lachhman Das Mittal is from India.
How old is Lachhman Das Mittal?: Lachhman Das Mittal is 95 years old.

Sources & References

Lachhman Das Mittal — Forbes profile — Forbes