Press Esc to close
Monday 23 January 2017
News updated at 1:52 PM IST
Weather
Max: 30.3°C
Min : 16.8°C
In Bengaluru
Sunny day

Hindujas emerge as the richest Asians in Britain

London, Mar 23, 2013 (PTI):
Leading NRI businessmen Srichand Hinduja and Gopi Hinduja, Chairman and Co-Chairman of the Hinduja Group, have emerged as the richest Asians in Britain in 2013.

After playing second fiddle for years to steel tycoon Lakshmi Mittal, the London-based Hinduja brothers have come out top this year with net wealth assessed at 12.5 billion pounds - up 3 billion pounds on the 2012 figure.

The falling demand for steel in Europe and elsewhere has reduced the wealth of Mittal, the Chairman and CEO of ArcelorMittal, from 13.5 billion pounds in 2012 to 11 billion pounds this year.

Leading NRI industrialist Lord Swraj Paul is listed as 95th in the 'Asian Rich List' brought out by the Eastern Eye Newspaper, a publication of the Garavi Gujarat Group headed by Ramniklal Solanki. Lord Paul has wealth worth 845 million, up 170 million pounds from last year.

According to the list, "While other organisations have been cutting costs at a time of recession, the Hindujas splashed out USD 1.1 billion (725 million pounds) on buying Houghton, the US lubricant and specialised chemicals group that has been a market leader in its field.

It has 12 manufacturing facilities in 10 countries from the United States to China and South Korea and sales in 80 countries. Its European headquarters is in Manchester. It reported an operating profit of USD 132 million in the year to September 30,2012, on sales of USD 858 million."

The report said, "The Hindujas have always made a big effort with their philanthropic work and in building up a close relationship between Britain and India, not only in business but also in the cultural and educational fields."

It said the Hindujas' bank, IndusInd, has been performing well in India, where many of group's ventures are located.

In the power sector, the 1,040MW coal-fired generators at Visakhapatnam are due to be commissioned later this year. The investment could be valued at USD 1.64 billion.
Back in Britain, Optare, the bus company the Hindujas rescued at the end of 2011, has been restored to health.

Exports have started to Africa and Optare buses are also operating in Europe and North America. Anil Agarwal, Chairman of Vedanta, is listed number 3 in the list with a fortune worth 3 billion, down 200 million pounds from last year.

Naresh Goyal, Chief of Jet Airlines, is 12th in the list with a fortune worth 440 million, up 165 million pounds over last year. Rami Ranger, winner of four consecutive Queen's Awards for enterprise in international trade between 2009 and 2012, is 42nd in the list with a fortune worth 125 million, up 32 million pounds over last year.

 

Go to Top

Photo Gallery
Olympic finalist Gymnast Dipa Karmakar being felicitated with Assames japi,Khoria and gomacha...

Olympic finalist Gymnast Dipa Karmakar being felicitated with Assames japi,Khoria and gomacha...

A boat man carries Hindu devotees in the river Yamuna early in the morning during magh Mela in...

A boat man carries Hindu devotees in the river Yamuna early in the morning during magh Mela in...

Austria's Michael Matt speeds down the course during an alpine ski, men's World Cup slalom...

Austria's Michael Matt speeds down the course during an alpine ski, men's World Cup slalom...

Punjab tableaux artists pose a photo during a press preview in New Delhi on Sunday...

Punjab tableaux artists pose a photo during a press preview in New Delhi on Sunday...

AIADMK leader SP Velumani inaugurates Cattle race after the urgent law was passed for...

AIADMK leader SP Velumani inaugurates Cattle race after the urgent law was passed for...

Bollywood actors Madhuri Dixit and Manish Paul atteded the Umang Mumbai Police Show 2017 in...

Bollywood actors Madhuri Dixit and Manish Paul atteded the Umang Mumbai Police Show 2017 in...

Youngstres and Students during the protest to Lift ban on jallikattu and impose ban on PETA...

Youngstres and Students during the protest to Lift ban on jallikattu and impose ban on PETA...

India Captain Virat Kohli celebrate after his 50 runs during 3rd ODI against England at Eden...

India Captain Virat Kohli celebrate after his 50 runs during 3rd ODI against England at Eden...

Rescue and relief work in progress at the site where Jagdalpur-Bhubaneswar Express train derailed...

Rescue and relief work in progress at the site where Jagdalpur-Bhubaneswar Express train derailed...

Samajwadi Party Vice president Kiranmoy Nanda, SP state president Naresh Utam and Congress state...

Samajwadi Party Vice president Kiranmoy Nanda, SP state president Naresh Utam and Congress state...

Like us on Facebook

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523