This article may have been created or edited in return for undisclosed payments, a violation of Wikipedia's
terms of use. It may require cleanup to comply with Wikipedia's
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neutral point of view. (January 2022) |
Sukhpal Singh Ahluwalia | |
---|---|
Born | Sukhpal Singh Ahluwalia October 1958 (age 65) |
Nationality | British-Indian |
Occupation(s) | Businessman and Entrepreneur |
Known for | Founder of
Euro Car Parts Non-Executive Chairman of Dominvs Group |
Spouse | Rani Ahluwalia |
Children | 3 |
Sukhpal Singh Ahluwalia (born October 1958) [1] is a British-Indian businessman and entrepreneur based in London.
He is the founder and Non-Executive Chairman of Dominvs Group, a real estate, hospitality and asset management company. [2] Ahluwalia also is founder and former Executive Chairman of car parts distributor Euro Car Parts. [3]
Born in Kampala, Uganda into an Indian Sikh family, Ahluwalia’s parents emigrated to the UK in 1972, when Ahluwalia was 13 years old, to escape persecution under Idi Amin. [4] When they arrived in the UK, the family spent a year in temporary shared accommodation. [4] [5]
As a teenager, Ahluwalia spent time in the markets of Petticoat Lane and Liverpool Street. [4]
Ahluwalia founded Euro Car Parts in 1978 after borrowing £5,000 from his father and bank loan to buy a car parts shop in Willesden, London. [4] The shop, originally called Highway Autos, was renamed Euro Car Parts a year later. [4]
In 1981, Ahluwalia opened a second branch of the company in the Willesden area. The company originally supplied car parts for BMW, Mercedes, Porsche and VW vehicles. The company expanded to become a leading supplier of parts, paints and equipment for cars and light commercial vehicles in the UK. [6]
By 2011, Euro Car Parts employed 3,500 people across 89 locations. [5] In October 2011, Ahluwalia sold Euro Car Parts to LKQ Corporation for £280 million, with a supplementary £55 million if targets were met. [7] [8] [3] After the sale, Ahluwalia became Executive Chairman of LKQ Corporation's businesses in the UK, Ireland and India, [9] but stepped down from the board in December 2018. [10]
He is married to Rani Ahluwalia and they have three sons who are also involved in the businesses. [11]
As of May 2018, Ahluwalia is the fourth richest refugee in the UK. [12] According to The Sunday Times Rich List 2019, the Ahluwalia family have a net worth of £500 million. [13]
{{
cite news}}
: CS1 maint: multiple names: authors list (
link)
This article may have been created or edited in return for undisclosed payments, a violation of Wikipedia's
terms of use. It may require cleanup to comply with Wikipedia's
content policies, particularly
neutral point of view. (January 2022) |
Sukhpal Singh Ahluwalia | |
---|---|
Born | Sukhpal Singh Ahluwalia October 1958 (age 65) |
Nationality | British-Indian |
Occupation(s) | Businessman and Entrepreneur |
Known for | Founder of
Euro Car Parts Non-Executive Chairman of Dominvs Group |
Spouse | Rani Ahluwalia |
Children | 3 |
Sukhpal Singh Ahluwalia (born October 1958) [1] is a British-Indian businessman and entrepreneur based in London.
He is the founder and Non-Executive Chairman of Dominvs Group, a real estate, hospitality and asset management company. [2] Ahluwalia also is founder and former Executive Chairman of car parts distributor Euro Car Parts. [3]
Born in Kampala, Uganda into an Indian Sikh family, Ahluwalia’s parents emigrated to the UK in 1972, when Ahluwalia was 13 years old, to escape persecution under Idi Amin. [4] When they arrived in the UK, the family spent a year in temporary shared accommodation. [4] [5]
As a teenager, Ahluwalia spent time in the markets of Petticoat Lane and Liverpool Street. [4]
Ahluwalia founded Euro Car Parts in 1978 after borrowing £5,000 from his father and bank loan to buy a car parts shop in Willesden, London. [4] The shop, originally called Highway Autos, was renamed Euro Car Parts a year later. [4]
In 1981, Ahluwalia opened a second branch of the company in the Willesden area. The company originally supplied car parts for BMW, Mercedes, Porsche and VW vehicles. The company expanded to become a leading supplier of parts, paints and equipment for cars and light commercial vehicles in the UK. [6]
By 2011, Euro Car Parts employed 3,500 people across 89 locations. [5] In October 2011, Ahluwalia sold Euro Car Parts to LKQ Corporation for £280 million, with a supplementary £55 million if targets were met. [7] [8] [3] After the sale, Ahluwalia became Executive Chairman of LKQ Corporation's businesses in the UK, Ireland and India, [9] but stepped down from the board in December 2018. [10]
He is married to Rani Ahluwalia and they have three sons who are also involved in the businesses. [11]
As of May 2018, Ahluwalia is the fourth richest refugee in the UK. [12] According to The Sunday Times Rich List 2019, the Ahluwalia family have a net worth of £500 million. [13]
{{
cite news}}
: CS1 maint: multiple names: authors list (
link)