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Apurv Bagri

Apurv Bagri, richest professionals among UK NRIs

London: June14, 2004
Ashok Gupta

The Hon. Apurv Bagri is the Managing Director of the Metdist Group of companies, Chairman of the London Metal Exchange and founder of his own metal trading company, is among the 100 richest professionals in the city.

Mr. Apurrv Bagri, 44-year-old, son of Lord Raj Kumar Bagri, who owns Minmetco, made a £904,000 profit on £121.5 million sales in 2002-03. With hefty past salaries and dividends (£6.7 million in 1998), he is worth at least £50 million. He is ranked 63 in the list of 100 richest professionals in the city

The Metdist Group is involved in international non-ferrous trade and industry and has manufacturing and trading interests in South East Asia and the Indian sub-continent. Metdist also has extensive investment interests which include the technology sector and a Group company is a Ring dealing member of the London Metal Exchange. Mr. Bagri is Chairman of the International Wrought Copper Council and a member of the South Asia Committee of IFSL. Amongst his non-business responsibilities he is a member of the Governing Council of the City University London and Chairman of the Asia Pacific Board of the London Business School. He is in addition on the International Board of Overseers at the Cass Business School and a Member of the Corporation, University College School. He is also a Member of the Board of The Royal Parks, a Commissioner of the Crown Estate Paving Commission and a Trustee of Asia House. Mr Bagri is the President of TiE-UK and a Trustee of TiE Global.