Sukhpal Singh Ahluwalia

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Sukhpal Singh Ahluwalia
BornOctober 1958 (age 60)
Uganda
ResidenceLondon, UK
NationalityBritish Indian
OccupationBusinessman and Entrepreneur
Known forFounder of Euro Car Parts Chairman of Dominvs Group
Net worthIncrease GB£500 million (Sunday Times Rich List, 2019)
Spouse(s)Rani Ahluwalia
Children3

Sukhpal Singh Ahluwalia (born October 1958)[1] is a London-based Indian businessman and entrepreneur[2].

He is founder and previously[3] Executive Chairman of car parts distributor Euro Car Parts.[4][5] Ahluwalia is also founder and Chairman of Dominvs Group, a real estate, hospitality and asset management company.[6][7]

As of May 2018, Ahluwalia is the fourth richest refugee in the UK.[8] According to The Sunday Times Rich List 2019, the Ahluwalia family have a net worth of £500 million.[9]

Early life[edit]

Born in Uganda, Ahluwalia’s parents emigrated to the UK when Ahluwalia was 13 years old to escape persecution under Idi Amin in 1972.[4][10] When they arrived in the UK, the family spent a year in temporary shared accommodation.[10][11]

As a teenager, Ahluwalia spent time in the markets of Petticoat Lane and Liverpool Street.[10]

Career[edit]

Euro Car Parts[edit]

Ahluwalia founded Euro Car Parts in 1978 after borrowing £5,000 from his father and Barclays bank to buy a car parts shop in Willesden, London.[10] The shop, originally called Highway Autos, was renamed Euro Car Parts a year later.[10]

In 1981, Ahluwalia opened a second branch of the company in the Willesden area.[12] The company originally supplied car parts for BMW, Mercedes, Porsche and VW vehicles.[13] The company expanded to become the leading suppliers of parts, paints and equipment for cars and light commercial vehicles in the UK.[4]

By 2011, Euro Car Parts employed 3,500 people across 89 locations.[11] In October 2011, Ahluwalia sold Euro Car Parts to LKQ Corporation for £280 million, with a supplementary £55 million if targets were met.[14][15][5] After the sale, Ahluwalia became Executive Chairman of LKQ Corporation's businesses in the UK, Ireland and India,[4] but stepped down from the board in December 2018.[16]

As of 2018, Euro Car Parts company has more than 300 branches across the UK and employs more than 10,000 people.[17]

Dominvs Group[edit]

In 2011, Ahluwalia founded property company Dominvs Group.[4] The Group manages a portfolio exceeding £750 million and employs around 500 people across its head office and hotels.[18][19][20]

The Dominvs Group has acquired or constructed a number of UK hotels, including The Holiday Inn Manchester City Centre, Mercure Sheffield Parkway Hotel, The Holiday Inn Darlington and The Holiday Inn Dumfries.[21][22]

The Group also owns Paradise Street, Oxford; Ralph Allen Building in Bath; Holiday Inn Express Aberdeen Airport and Crowne Plaza Aberdeen Airport; The Dixon at Tower Bridge, London.[23][24][25][26]

In 2016, Ahluwalia invested in e-waste processing company EcoCentric Management based in Mumbai, India.[27] In 2017, Ahluwalia invested in truck and trailer part distributor Digraph Transport Supplies.[27]

In 2019, Dominvs acquired Arbor City Hotel in London.[28] The group is constructing a new 150,000-sq-ft hotel on the site of the former Dutch Embassy in Battersea, London, and has acquired Citicape House in Holborn, London.[29][30]

In 2019, Dominvs Group launched a jet brokerage and chartering division called Dominvs Aviation.[20]

Personal life[edit]

Ahluwalia lives in Hampstead, London.[4] He is married to Rani Ahluwalia and they have three sons who are also involved in the businesses.[4]

The family has supported projects to help the homeless in London and provide education to children in India.[11] In 2019, the Ahluwalia family supported the publication of a report into migrant entrepreneurship in the UK, which called for immigration and visa reform.[31] Ahluwalia has said that "immigration is critical to the success of the UK."[32]

Ahluwalia plans to move to India in the future.[11][20] He is a supporter of the Migration Museum.[33][34]

References[edit]

  1. ^ "Sukhpal AHLUWALIA - Personal Appointments (free information from Companies House)". beta.companieshouse.gov.uk. Retrieved 2018-03-02.
  2. ^ "Sukhpal Singh Ahluwalia's official profile on The Marque".
  3. ^ https://news.sky.com/story/jobs-axe-hangs-over-car-parts-distributor-as-top-team-quits-11592771
  4. ^ a b c d e f g "Our Founder - My Story". corporate.eurocarparts.com. Retrieved 2018-03-02.
  5. ^ a b Osborne, Alistair (2011-10-05). "Sukhpal Singh Ahluwalia sells Euro Car Parts for £225m after starting it with £5,000". The Telegraph. ISSN 0307-1235. Retrieved 2018-05-21.
  6. ^ "UK Indian billionaires". The Financial Express. Retrieved 2018-03-02.
  7. ^ "Sukhpal Singh Ahluwalia — Official Biography". The Entrepreneurs Network. Retrieved 2019-08-01.
  8. ^ List, Robert Watts, Compiler of the Rich (2018-05-06). "Penniless refugees flee war to land on Rich List with £6bn". The Sunday Times. ISSN 0956-1382. Retrieved 2018-05-21.
  9. ^ Times, The Sunday (2019-05-12). "Rich List 2019: profiles 251-298=". ISSN 0140-0460. Retrieved 2019-05-28.
  10. ^ a b c d e Osborne, Alistair (2014-04-21). "Asian entrepreneur moves on from the Euro Car Parts group he founded". The Telegraph. ISSN 0307-1235. Retrieved 2018-03-02.
  11. ^ a b c d Kirby, Arthur. "How a refugee created 3,500 jobs in Britain". CNNMoney. Retrieved 2018-03-02.
  12. ^ "Euro Car Parts Heritage | Quality Car Parts| 200+ Branches Nationwide". corporate.eurocarparts.com. Retrieved 2018-03-02.
  13. ^ "About Euro Car Parts | High Quality Car Parts | 200+ Branches Nationwide". corporate.eurocarparts.com. Retrieved 2018-03-02.
  14. ^ "LKQ Corporation Appoints Sukhpal Singh Ahluwalia To Its Board Of Directors". investor.lkqcorp.com. Retrieved 2018-03-02.
  15. ^ "Euro Car Parts sold to LKQ for £225m". Financial Times. Retrieved 2018-03-02.
  16. ^ https://news.sky.com/story/jobs-axe-hangs-over-car-parts-distributor-as-top-team-quits-11592771
  17. ^ "Euro Car Parts Facts". corporate.eurocarparts.com. Retrieved 2018-03-02.
  18. ^ "Dominvs Group | Real Estate & Private Equity". Dominvs Group | Real Estate & Private Equity. Retrieved 2018-03-02.
  19. ^ "Sukhpal Singh Ahluwalia: Man of many parts EGi". EGi. Retrieved 2018-05-21.
  20. ^ a b c Salter, Philip. "Sukhpal Singh Ahluwalia: From Refugee To One Of The UK's Most Successful Entrepreneurs". Forbes. Retrieved 2019-08-01.
  21. ^ "Dominvs sells Holiday Inn Manchester City Centre". The Caterer. Retrieved 2018-03-02.
  22. ^ "Property firm Dominvs in £30m Aberdeen hotel plan". The Scotsman. Retrieved 2018-05-21.
  23. ^ "Dominvs Group to develop Courtyard by Marriott in Oxford". The Caterer. Retrieved 2018-03-02.
  24. ^ Ltd, Insider Media. "Dominvs buys Bath property". Insider Media Ltd. Retrieved 2018-03-02.
  25. ^ "Holiday Inn Express opens Aberdeen airport hotel - Business Traveller – The leading magazine for frequent flyers". Business Traveller – The leading magazine for frequent flyers. 2015-05-08. Retrieved 2018-03-02.
  26. ^ "Dixon hotel to open next year". The Caterer. Retrieved 2018-03-02.
  27. ^ a b "Dominvs Group | Real Estate & Private Equity". Dominvs Group | Real Estate & Private Equity. Retrieved 2018-03-02.
  28. ^ "Dominvs Group acquires Arbor City Hotel | Dominvs Group | Real Estate & Private Equity". Dominvs Group | Real Estate & Private Equity. Retrieved 2019-07-19.
  29. ^ Midolo2019-06-27T23:00:00, Emanuele. "Dominvs buys embassy site". Property Week. Retrieved 2019-07-19.
  30. ^ "Dominvs acquires EC1 site with hotel planning permission". www.caterlyst.com. Retrieved 2019-07-19.
  31. ^ "Biography". The Entrepreneurs Network. Retrieved 2019-07-17.
  32. ^ "Foreword". The Entrepreneurs Network. Retrieved 2019-07-17.
  33. ^ "Industry must speak up for immigration". Retrieved 2018-08-15.
  34. ^ "Sukhpal Singh Ahluwalia". Retrieved 2018-08-15.