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
Bagr, 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.