The Asian Rich List 2017

With worries about a post-Brexit economy reaching an all-time high, I think it obvious that effective, long-term strategy is needed. I’ve spoken before about the negative myth surrounding the productivity of UK family firms, and I maintain that in terms of robust, sustainable, community-focused strategies, family businesses continue to lead the way. While money-orientated, quick fix plans may not be our forte compared to larger corporations, in times like these, slow-build sustainability is far more important.

Just recently, I’ve had a look at Eastern Eye’s 2017 Asian Rich List, a compilation of Britain’s 101 Wealthiest Asians. Not only are 73% of the entrepreneurs listed owners and directors of family businesses; but the total wealth created for Asian wealth in Britain has been estimated at £69.9 billion, a £15bn increase since last year!

I found two things that all these family business leaders have in common: self-employment, and self-made fortune.  I speak from experience: having met and worked with a number of leaders of Asian family businesses, what lies at the heart of each of them is their culture, their work ethic, their values, and their desire to be successful.

Sri Prakash Lohia, chairman of the 40-year old Indorama Corporation and third in the list, supports the idea that values should be priority when it comes to staying alive in an ever-changing economy.

‘It’s not the money, I think. You try to build an organisation that will last forever. That is called real business which is our principle. Without principle if you try and run a business it will not last long.’

He isn’t alone, of course: the Asian Richlist is positively littered with identical sentiments from 1st to 101st ; each valuing loyalty, integrity toward family values, and investing in London’s expansion. With the list showing numerous reports of a successful 2016, it remains clear to me that once again, family businesses continue to be the best example of how to face moving forward with true determination.

  • Hinduja Family, Hinduja Group
  • Lakshmi Mittal, ArcelorMittal
  • Sri Prakash Lohia, Indorama Corporation
  • Simon, Bobby and Robin Arora, B&M
  • Anil Agarwal, Vedanta
  • Cyrus and Priya Vandrevala, Intrepid Capital Partners
  • Sir Anwar and Dawood Pervez, Bestway Group
  • Jasminder Singh, Edwardian Hotels
  • Manubhai Chandaria, Comcraft
  • Zameer Choudrey, Bestway Group
  • Harpal, Raj and Tony Matharu, Global Grange Group
  • Mahmud Kamani, Boohoo.com
  • Lord Swraj Paul, Caparo
  • Vijay and Bhikhu Patel, Amdipharm
  • Mayur Madhvani and family, Madhvani Group
  • Ramesh and Bhupendra Kansagra, Solai Holdings
  • Sukhpal Singh Ahluwalia, Dominvs Group
  • Kuljinder Singh Bahia, Southall Travel
  • Surinda Arora, Arora Group
  • Ranjit and Baljinder Singe Boparan, 2 Sisters Food Group
  • Mike Jatania & Family, PCWW Property Holdings
  • Ramesh Sachdev- Shiva Hotels
  • Tom and Kuljit Singh, New Look
  • Kartar and Tej Lalvani, Vitabiotics
  • Kishore Lulla, Eros International
  • Nirmal Sethia, N Sethia Foundation
  • Navin Engineer, Chemidex
  • Mohsin and Zuber Issa, Euro Garages
  • Shiraz and Nadeem Boghani, Splendid Hospitality Group
  • Vipul, Shilen and Shamil Thakrar, Tilda
  • Pradip and Manish Dhamechca, Dhamecha Cash & Carry
  • Apurv Bagri, Metdist Group
  • Sanjay and Vipul Vadera, Per-Scent
  • Jay, Rupa and Sam Patel, Day Lewis
  • Naresh Goyal, Jet Airways
  • Dr Nikesh and Moni Kotecha, Morningside
  • Mayank Patel, Azibo Group
  • Gulshan Bhatia, Doubletree
  • Vidya, Ram and Avnish Goyal, Hallmark Care Homes
  • Rami Ranger, Sun Mark
  • Yakub and Anwar Patel, Cohens
  • Kirit and Meena Pathak, Pathak’s
  • The Suterwalla brothers, TRS
  • Aziz Tayub, Poundstretcher
  • Koolesh Shah
  • Mitu Misra, Safestyle
  • Shiraz and Amin Tejani, Leicester Tissue Company
  • Aly Esmail, SME Group
  • Raj Sehgal and Sanjeev Mehan
  • Sukhjit and Harry Dulai, Flying Trade Group
  • Dinesh Dhamija, Flightbookers
  • Farouq and Haroon Sheikh, CareTech
  • Abdul Alimohamed, Euro Packaging
  • Kishorekant (Vinu) Bhattessa, Mint Leaf
  • Firoz Tejani, International Currency Exchange
  • Nick Dhandsa, Associated Nursing Servies
  • Nitin, Pankaj, Anup Sodha and Pritesh Sonpal, Lexon
  • Lord Waheed Alli, Planet 24
  • Hitendra and Kirti Patel, Parallel Importing
  • Ketan and Bharat Mehta, NSL Group
  • Tony Deep Wouhra, East End Foods
  • Kirti and Tanuja Patel, Goldshield
  • Palminder and Engrez Singh Sanghera, SEP Properties
  • Pavan Popat, TLC Group
  • Dilesh and Hitesh Mehta, Shaneel Enterprises
  • Satinder Gulati, Veladail Group
  • Bharat, Manish and Kamal Shah, Sigma Pharmaceuticals
  • Nandal and Deep Valecha, Regent Gas
  • Afzal and Akmal Khushi, Trespass
  • Jagmail Gill, Property
  • Bipin, Piyoosh and Bharat Chotai, Waremoss
  • Sandjeev and Arani Soosapillai, State Oil Group
  • Prakash Thakrar and Family, HT & Co.