Lord Paul 6th richest Asian in Britain

NRI industrialist Lord Swraj Paul is the sixth richest Asian in Britain with a wealth worth 275 million pounds, according to a new list.

NRI industrialist Lord Swraj Paul is the sixth richest Asian in Britain with a wealth worth 275 million pounds, according to a new list.

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Caparo Group, founded by Lord Paul has had an exceptional year, according to 'Success 2005', a new business magazine, which listed him as the sixth richest Asian in Britain.

In November 2004, the company acquired Tyco European Tubing Ltd and the acquisition notwithstanding, the company has made profits of almost 100 million pounds.

"Much of these results have been due to startling improvements in process efficiency utilising the latest technologies, a success that is really a combination of the new and the traditional," the magazine said in a report, adding that last year employee efficiency in Caparo improved by an amazing 87 per cent.