RAMAN MITTAL, 33, Industrialist
At 27, Raman Mittal is at the helm of Sonalika Tractors Group, a Rs 5,000 crore conglomerate with interests ranging from engines to agricultural implements, generator sets, auto finance and automotive components. Today, Sonalika features among the top three Indian tractor manufacturers, growing 20 per cent for the last three years. With Mittal aggressively hitting the export market, Sonalika is exporting to the US and Australia, besides Romania, Africa and the SAARC region. “We manufactured 45,000 tractors in 2010, as against 38,000 tractors in 2008-2009,” he says.
BIG DREAM Mittal is a leading player in heralding India’s tractor market’s ‘Nano moment’. “We’re focusing on smaller, low cost tractors to attract the cost conscious, marginal farmers,” says Mittal who is based in Hoshiarpur.
WHEEL IT In 2006, Mittal tied up with MG Rover, UK and produced their first MUV car—the Rhino, launched in 2006. Now, the company has joined hands with styling house Pininfarina to launch an absolutely new ‘world car’ from the Sonalika group, “We call it Pininfarina World Cup project,” he says. “We want to develop an SUV, a crossover in the future. It will be an international car, styled and engineered in Italy with Indian cost sensibilities.”
“By 2012, I’m looking at manufacturing 330 tractors per day to achieve my dream target of one lakh tractors annually”