Hindujas are the wealthiest Asians in UK
Hinduja Group, led by its Chairman S P Hinduja, has retained its top position as the richest Asian in the UK in 2014 with wealth worth GBP13.5 billion, an increase of GBP1 billion over the previous year.
At a gala Asian Business Awards 2014 function held recently at the Park Plaza Westminster Bridge Hotel in London , the group also won the Asian Business of the Year award for its outstanding achievement.
G P Hinduja, Co-Chairman of the group received the award from the Chief Guest Michael Gove, MP, Britain's Secretary of State for Education in the presence of India's High Commissioner to the UK Ranjan Mathai, who was the Guest of Honour.
Gove also released the Asian Rich List, declaring Hinduja group, a conglomerate with interests in banking, oil and manufacturing among many, as the richest in the UK for the second consecutive year.
Just behind the group is steel tycoon Lakshmi Mittal with a wealth of GBP12 billion, one billion pounds more than the previous year.
Mining giant Anil Agrawal came third in the list with a wealth of GBP2.4 billion followed by Sri Prakash Lohia Petrochemicals and textiles) ( GBP2 billion).
Leading NRI industrialist Lord Swraj Paul and Angad Paul (Steel) are listed as 10th richest with wealth amounting to GBP750 million.
According to the Rich List, the year 2014 is going to be a big one for the Hindujas for it will mark the centenary of the group, which has its headquarters at New Zealand House in Haymarket, London and employs 75,000 people across 35 countries.
The Hinduja group has 10 'verticals', namely health, energy, power generation, automotive, finance and banking; oil and gas; IT and BPO; media and cable; real estate; and trading.
(Posted on 15-04-2014)