Sunday, April 10 2005 13:44 Hrs (IST) - World Time -

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

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.

"Lord Paul, an innately modest man who does not flaunt his wealth, shows how barriers can be broken and is an example of how to reach the top of the establishment," it said.

"'Wealth for the sake of good' could be his motto through his involvement in many charities; a charitable trust set up in memory of his daughter, who tragically died at a young age, and the establishment of the Ambika Paul Children's Zoo at London Zoo," it said.

Lakshmi Mittal, Chairman of Mittal Steel who is worth 14.8 billion pounds, has been left out of the list, which is headed by Mike Jatania, and family who are in Cosmetics and Beauty products. They are worth 600 million pounds.