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Who is Sanjeev Gupta?

Sanjeev Gupta is the man negotiating to buy the Arrium steelmaking operations. But just who is this British billionaire?

WHO IS SANJEEV GUPTA?

* Sanjeev Gupta is a 44-year-old, Indian-born and Cambridge-educated industrialist.

* While at Cambridge he started the Liberty House Group before forming the GFG (Gupta Family Group) Alliance - the company that's buying Arrium.

* Dubbed the "man of steel" for reviving failing steel production companies by purchasing and successfully relaunching a number of them in the UK.

* Mr Gupta has a strong environmental focus and follows a "Greensteel" business model which uses locally-sourced scrap metal in steelmaking and powers furnaces with renewable energy.

* He plans to expand the Whyalla operations and invest in renewable energy projects in South Australia, such as pumped-hydro.

* Liberty House has bases in 30 countries and an estimated turnover of about $7 billion.

* GFG Alliance has an estimated turnover of about $9.4 billion.


1 min read

Published

Source: AAP



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