NRI industrialist Lord Swraj Paul passed away in London on Thursday evening at the age of 94. Lord Paul, founder of UK-based Caparo Group of industries, had been ill and was hospitalised recently. He breathed his last surrounded by members of his family.
Jalandhar born Paul's steel and engineering multinational Caparo Group operates internationally from over 40 sites, with operations based in the UK, North America, India, and the Middle East. His son, Akash Paul, is Chairman of Caparo India and Director of the Caparo Group.
Lord Swraj Paul was a regular in the annual 'Sunday Times Rich List,' this year he was ranked 81st with an estimated wealth of GBP 2 billion.
Deeply saddened by the passing of Shri Swaraj Paul Ji. His contributions to industry, philanthropy and public service in the UK, and his unwavering support for closer ties with India will always be remembered. I fondly recall our many interactions. Condolences to his family and… pic.twitter.com/6G7D4gDDD1
August 22, 2025AdvertisementPrime Minister Narendra Modi shared condolences over the death of Lord Swraj Paul. "Deeply saddened by the passing of Swaraj Paul Ji. His contributions to industry, philanthropy and public service in the UK, and his unwavering support for closer ties with India will always be remembered. I fondly recall our many interactions. Condolences to his family and admirers. Om Shanti," he wrote on X.
An active member of the Indian diaspora in the UK, Swraj Paul maintained his daily routine of attending the House of Lords despite his frailty in recent months.
AdvertisementThe House of Lords peer relocated to the UK in the 1960s in pursuit of treatment for his daughter Ambika's cancer. After she passed away aged four years old, he set up the Ambika Paul Foundation as a charitable trust that went on to donate millions to promote the wellbeing of children and young people all over the world through education and health initiatives.
After he lost his son Angad Paul in 2015 and his wife Aruna in 2022, he went on to undertake similar philanthropic endeavours in their memory.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.